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EC PRESIDENT CALLS FOR PACT TO DECREASE POVERTY

JOHANNESBURG, Sept 2 (Hina) - The President of the European Commission, Romano Prodi, on Monday called on statesmen attending the UN World Summit on Sustainable Development in Johannesburg to jointly establish a North-South pact to decrease poverty in the world and put an end to the destruction of the environment.
JOHANNESBURG, Sept 2 (Hina) - The President of the European Commission, Romano Prodi, on Monday called on statesmen attending the UN World Summit on Sustainable Development in Johannesburg to jointly establish a North-South pact to decrease poverty in the world and put an end to the destruction of the environment. #L# In the past few years significant progress has been made with regard to international co-operation, Prodi said, noting examples of successful conferences in Doha (on trade) and Monterey (on financing development). He also pointed to the failure to implement the objectives of the Rio de Janeiro summit of ten years ago. Prodi said the EU market was ready to further open up to goods from developing countries and decrease export subsidies for local producers thus giving a major contribution to the yet unfinished negotiations on the trade chapter of the Summit Action Plan. The EU wishes to promote peace and development also outside its borders, particularly in the Mediterranean and Africa, Prodi said. He reminded that the EU's development assistance was unprecedented and that EU companies accounted for 70 percent of all investments in developing countries. Prodi said that the pact he was proposing rested on the joint recognition of the fundamental values of democracy, good rule and social involvement, which had to go together with various forms of solidarity. Based on its obligations taken on in Monterey, as of 2006 the EU will offer developing countries assistance worth 22 billion euros, particularly for water management, power supply, food production, education and health projects. In keeping with the Convention from Cotonu, the EU will secure an additional 13.5 billion euros in assistance to eight countries in Africa, the Caribbean and the Pacific, the EC President said. The success of the Johannesburg summit is the responsibility of all its participants, Prodi said expressing full support for efforts to decrease poverty and preserve the natural balance of the planet. (hina) sp rml sb

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