[UNCTAD] Helping Developed or Developing Countries? Managing Fallout

Written by Yonhap News Agency

On 21 August, delegates representing countries are still discussing how to aid countries that are affected by the fallout of the US- China trade war. 

A few delegates suggested looking towards diversifying supply for the developed countries to provide them alternative partners and connections such that they are not affected by the trade barriers and terrorist that are imposed due to the US and China trade war. 

While still discussing how to provide aid to developing countries without the developing countries relying too much on the aid. 

A few ideas were given. 

The delegate representing Singapore suggested that the developed countries provide goods, such as manpower or technology to the developing countries. 

The delegate representing Mexico suggested giving a list to the developing country so that the developed countries can keep track of what they give, so when the developing countries' economy stabilises. They can return what they owe to the developed country with interest in it.

Thus, the topic of what happened to Sri Lanka was brought up. Debating on how to avoid history. 

Where Sri Lanka is now in debt of around 65.65 billion U.S dollars, many countries would like to avoid it. 

Ideas such as, increasing trade routes so mandatory aid is justified was brought up. 

With the delegate representing South Korea to specify what kind of help should be given to developing countries that are severely affected. Along with how to help develop countries to form multilateral relations and freedom to switch suppliers to reduce the risk of trade barriers. 

Where slowly the discussion became not so clear on the main topic. Jumping from aiding developed countries and developing countries separately or together. To discuss transparency to local firms. 

So as of now, the debate might still be continuing as main topics have been shifted around many times. Causing Yonhap News Agency to also lose track on what is happening. 

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