Multi-year Expert Meetings on Commodities and Development, fourteenth session

The fourteenth session of the Multi-year Expert Meeting on Commodities and Development will be held with physical and remote participation from 9 to 11 October 2023 in Room XXVI of the Palais des Nations. It will start at 10 a.m. on Monday, 9 October. 

Background, structure, and purpose of the meeting 

The Accra Accord, in paragraph 208, gave a mandate to the Trade and Development Board of UNCTAD to establish a multi-year expert meeting on commodities. The mandate was reaffirmed in paragraph 17 of the Doha Mandate, which extended it to 2016, and in paragraph 100 (s) of the Nairobi Maafikiano, which extended it to 2020. The mandate has been further extended in line with paragraphs 123 and 127 (m) and (kk) of the Bridgetown Covenant. 

The expert meeting will consist of six sessions over three days:

• Day 1 provides a general overview of commodity market trends and prospects.
• Day 2 will explore risk management strategies and policies implemented at national, regional, and international levels to effectively manage commodity price volatility in commodity-dependent developing countries (CDDCs).
• Day 3 of the meeting will focus on the presentation of two recent publications of the Commodities Branch namely a publication on access to energy in sub-Saharan Africa and the UNCTAD Commodities and Development Report 2023.

This fourteenth session of the expert meeting is a neutral platform for sharing country experiences in terms of successful strategies and policies implemented at national, regional, and international levels to effectively manage commodity price volatility. More precisely, the expert meeting will assess the links between commodity price volatility and key macroeconomic indicators in Commodity Dependent and Developing Countries (CDDCs), and the links between commodity price volatility and food security in net-food-importing countries. The meeting will also discuss market and technology-based instruments that can help manage price risks. 

In this context, experts will  identify and review successful examples of managing risks associated with commodity price volatility in developing countries and draw lessons from these examples. Participants are expected to assess existing challenges in CDDCs concerning access risk management tools, and identify ways to address these challenges. Finally, experts will identify policies both at domestic and international levels to reduce the impact of price volatility on commodity-dependent economies and vulnerable groups and thus safeguard the achievement of the sustainable development goals (SDGs) from risks related to commodity price volatility.

The main expected output of the meeting is the report of the meeting where successful risk management strategies and policies implemented at national, regional, and international levels will be documented based on the recommendations made both by experts and other participants. Additional expected outputs may include collaborations on research projects to deepen various aspects of these successful strategies and policies.

Participation 

This session is open to all member States of UNCTAD. Other organizations, including specialized agencies, intergovernmental bodies and non-governmental organizations in the general and special categories, as well as academia and the private sector, may participate as observers. 

Experts will participate in the meeting in their personal capacities and are expected to have proven expertise in the subject matter. They may be selected from government ministries such as those dealing with trade, industry, agriculture, minerals and metals and oil and gas and may also be selected from the private sector, including representatives of producer associations or cooperatives, and non-governmental organizations. 
 

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