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12. The process of development requires increased participation of all social and political forces in the creation of consensus for the adoption of effective national policies. We acknowledge the importance of all stakeholders, i.e. Governments, the private sector, civil society and international organizations, and the contribution all can make, in every country, to good governance.
While development is the primary responsibility of each country, domestic efforts should be facilitated and complemented by an enabling international environment based on multilaterally agreed and applied rules. Development policies should recognize the importance of market forces, in the context of an enabling entrepreneurial environment that could include appropriate competition and consumer policies, in the promotion of growth, through trade, investment and innovation.
They should also acknowledge the importance of the contribution of the state in conferring political and economic stability, developing the required regulatory frameworks, channeling resources for infrastructure and social projects, promoting social inclusion and reducing inequalities. We are committed to supporting national efforts dedicated to institution-building in developing countries. We also believe that cities and regions have an important role to play in these efforts.
13. Although still limited to a number of countries, there are encouraging signs that a significant source of global growth is being generated in the South. This new development is contributing to creating a new geography of world trade. We underscore the importance of initiatives to facilitate the emergence of new dynamic centres of growth in the South through additional steps for the integration of these emerging economies with other developing ones. This can be achieved, inter alia, by means of a more comprehensive Global System of Trade Preferences among Developing Countries, which should also address the problems of the LDCs.
14. Given the growing importance of regional and interregional initiatives, we encourage UNCTAD to further develop capabilities designed to assist countries to participate effectively in these initiatives, while ensuring functional and coherent linkages with the multilateral system.
15. The decisions we have adopted at this UNCTAD XI, in addition to the Bangkok Plan of Action, form a solid basis to build upon and are essential instruments in our continued commitment to support UNCTAD in fulfilling its mandate as the focal point within the United Nations for the integrated treatment of trade and development, on the road to its twelfth session in 2008.
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