Follow-up and Implementation: Mandates
Click here for Related Ministerials SUSTAINABLE ECONOMIC GROWTH: Economic Integration MANDATES
One of the major challenges to democratic stability is to generate productive and quality employment in the interest of ensuring that all our people benefit from economic prosperity. We support a country’s legitimate right to pursue and attain its development within the framework of its political, economic, social, and cultural realities. We reiterate our commitment to achieving greater economic integration and we will adopt economic policies that promote economic growth, generate employment, and reduce poverty. To this end, we will address the problems that come about because of trade barriers and unsustainable debt, and we will continue to reform the international financial architecture (Declaration of Mar del Plata, 2005).
We will make efforts to increase investment in infrastructure in order to create favorable conditions for employment generation and increased productivity. We will also implement policies to foster the development of our local and/or regional markets (Declaration of Mar del Plata, 2005).
We express our commitment to the progress of the negotiations on the Doha Development Agenda. We will make every effort to attain an ambitious and balanced outcome at the Sixth World Trade Organization Ministerial Conference, which will lead to a successful conclusion of the Doha Round in 2006 based, inter alia, on the principle of special and differential treatment for developing countries.
We remain committed to achieving substantial progress on all elements of the Doha Negotiations, in order to gain, in particular, greater access to markets for our exports, the elimination of all forms of agricultural export subsidies, and a substantial reduction of trade-distorting domestic support. We remain committed to achieving an ambitious outcome to the negotiations and to the full and effective implementation of the Work Program related to small economies. Our objective is to expand our trade, as a means of boosting growth and our capacity to generate more, higher quality, and better-paying jobs (Declaration of Mar del Plata, 2005)
We recognize the important role that trade plays in promoting sustained growth and economic development. We affirm our commitment to advance the Doha Agenda in order to benefit all our economies, particularly developing economies, by promoting, among other measures, better access to markets and by eliminating export subsidies and by substantially reducing trade-distorting domestic support (Declaration of Nuevo León, 2004).
We will continue working to reform the international financial architecture with the following objectives, among others: to contribute to the prevention and rapid resolution of financial crises, which particularly harm developing countries in the region; to enhance financing for development; to combat poverty; and to strengthen democratic governance. We support the efforts of borrowing countries to work with the private sector to explore new approaches to reduce the burden of debt service during periods of economic downturns. We applaud the leadership of countries in the region in including collective action clauses in their international bond issues. We call upon the international and regional financial institutions to enhance coordination of their activities so that they can respond more effectively to the long-term development needs of the countries of the region to achieve measurable results in their efforts to eradicate poverty through more effective use of all available development financing sources (Declaration of Nuevo León, 2004).
Recognizing that economic growth is fundamental to overcoming economic disparities and strengthening democracy in the Hemisphere, and that in order to achieve sustained economic growth and political and social stability, it is necessary to face the primary challenge that confronts the Hemisphere - the eradication of poverty and inequity - that requires an integrated and focused approach, which promotes better competitiveness, equity enhancing trade and more equitable access to opportunities, taking into account the difficulties that the countries of the region face, including those under the Heavily Indebted Poor Countries (HIPC) initiative, in obtaining financing for their development; and that it is necessary to take measures at the national and hemispheric levels in order to create a positive environment for business, maximize the benefits of orderly migration, minimize the effects of economic volatility and natural disasters and encourage social stability and mobility in order to promote a more equitable distribution of the benefits of economic growth: (Plan of Action Québec, 2001).
One essential feature of the Americas is their natural and cultural diversity. Our countries share a unique and rich political tradition grounded in democratic values and significant potential for economic growth and technological development in a context of open, market-based economies. These characteristics are of fundamental importance for the promotion of economic development and social welfare and for the preservation of a healthy environment.
We will adopt policies and strategies that will encourage changes in production and consumption patterns in order to attain sustainable development and a better quality of life, as well as to preserve our natural environment and contribute to the alleviation of poverty. We reaffirm our commitment to the fundamental principle of the Charter of the Organization of American States, restated at the Summit of the Americas, that representative democracy is essential for peace, justice, and development. Sustainable development requires that we strengthen and promote our democratic institutions and values (Declaración de Santa Cruz de la Sierra, 1996).
In keeping with the principles stated above, we emphasize the following points regarding application of the Plan of Action for the Sustainable Development of the Americas:
a. Equitable economic growth
Implement effective and ongoing measures to ensure that the international economic and financial system supports the growth of local economies and their sustainable development with a view to establishing greater social justice for all of our peoples.
Reinforce the mutually supportive relationship between trade and the environment by acting to conserve the environment, while safeguarding an open, equitable, and nondiscriminatory multilateral trade system, taking into account the efforts currently being deployed in this field by the Committee on Trade and Environment of the World Trade Organization. We recognize the great need of our countries to improve access to markets while maintaining effective and appropriate environmental policies. In this regard, we will avoid hidden trade restrictions, in accordance with the General Agreement on Tariffs and Trade/World Trade Organization (GATT/WTO) and other international obligations.
Full participation by the private sector especially small, medium-sized, and micro-enterprises, as well as cooperatives and other forms of productive organization in a sustainable development strategy essential to take advantage of its resources and dynamism. This strategy should balance comprehensive policies to address environmental and development problems.
d. Public participation
We will promote increased opportunities for the expression of ideas and the exchange of information and traditional knowledge on sustainable development between groups, organizations, businesses, and individuals, including indigenous people, as well as for their effective participation in the formulation, adoption, and execution of decisions that affect their lives.
g. Strengthening of the legal framework
Relations between countries of the Hemisphere, within the framework of this partnership for sustainable development, will be grounded in the rules and principles of international law. We will consider the progress in international environmental law and promote the reform and modernization of national laws, as appropriate, to reflect sustainable development concepts. We will also develop national mechanisms for effective enforcement of applicable international and national laws and provisions.
We will seek to secure ratification of, or accession to, international instruments on sustainable development and will fulfill all commitments made therein.
(Declaración de Santa Cruz de la Sierra, 1996).
The elected Heads of State and Government of the Americas are committed to advance the prosperity, democratic values and institutions, and security of our Hemisphere. For the first time in history, the Americas are a community of democratic societies. Although faced with differing development challenges, the Americas are united in pursuing prosperity through open markets, hemispheric integration, and sustainable development. We are determined to consolidate and advance closer bonds of cooperation and to transform our aspirations into concrete realities (Declaration of Principles Miami, 1994).
Our continued economic progress depends on sound economic policies, sustainable development, and dynamic private sectors. A key to prosperity is trade without barriers, without subsidies, without unfair practices, and with an increasing stream of productive investments. Eliminating impediments to market access for goods and services among our countries will foster our economic growth. A growing world economy will also enhance our domestic prosperity. Free trade and increased economic integration are key factors for raising standards of living, improving the working conditions of people in the Americas and better protecting the environment (Declaration of Principles Miami, 1994).
Aware that investment is the main engine for growth in the Hemisphere; we will encourage such investment by cooperating to build more open, transparent and integrated markets. In this regard, we are committed to create strengthened mechanisms that promote and protect the flow of productive investment in the Hemisphere, and to promote the development and progressive integration of capital markets (Declaration of Principles Miami, 1994).
© Summits of the Americas 2010