Rethinking Bretton Woods | Thu, Apr 5, 2012
The International Working Group on Trade-Finance Linkages (IWGTF) , which Center of Concern coordinates, the
Institute for Agriculture and Trade Policy (IATP) and the Permanent Mission of France to the United Nations co-host a
Side event on the occasion of the High Level Thematic Debate “Addressing Excessive Price Volatility in Food and Related Financial and
The Institute for Agriculture and Trade Policy (IATP)
International Working Group on Trade-Finance Linkages (IWGTF)
Permanent Mission of France to the United Nations
Invite you to
Side event on the occasion of the High Level Thematic Debate
“Addressing Excessive Price Volatility in Food and Related Financial and
Date: April 11 2012
Time: 1:15 – 2:45 pm
Venue: UN Headquarters, Conference Room A, North Lawn Building
Heiner Flassbeck, UN Conference on Trade and Development
David Hallam, Food and Agriculture Organization
Steve Suppan, Institute for Agriculture and Trade Policy
The presentations will be short (10-12 min each, max) and will be followed by interventions by participants and informal discussion (about one hour).
Background: By resolution (A/RES/66/190) the General Assembly decided to request the UNGA President to convene a “high-level thematic debate, to be held in plenary meeting” on excessive price volatility in food and related financial and commodity markets. This resolution called, in particular, for active measures to reduce excessive food price volatility, while acknowledging that there is an incomplete understanding of its causes and that more research needs to be done, and in this regard underlined the need to promote greater transparency and market information at all levels.
The proposed side-event will be carried out in support of this high-level debate. Its objective is to discuss the impacts of financialization of commodity markets on development, especially national, international and UN agency initiatives to reduce price volatility not due to fundamentals. The debate and these initiatives are urgently needed because of the slow pace of regulatory reform, particularly of the largely unregulated Over the Counter derivatives trading that dominates both financial and commodity markets.
The side event will focus, in particular, on the following questions:
1) What are the major initiatives to reform regulation of U.S. and EU commodity derivatives markets, as well as those proposed by the G-20?
2) What are the major analytical findings from UNCTAD and FAO regarding commodity price volatility and its impacts on development?
3) What role can civil society play in deepening, understanding and fostering greater policy coordination to tackle the issue of extreme commodity price volatility?
RSVP: If you do not have a UN ground pass, RSVP is strictly required by April 6, 2012, by writing to firstname.lastname@example.org (after this time it will be impossible to obtain a day-pass). If you do have a UN ground pass, RSVP is not required, but appreciated, by writing to the same address until the day before the event.