The industrialized countries and the developing world have begun a final round of preparatory bargaining in their talks about a fairer world economic order.
GV, MV AND CU Street in Paris, France, and International Conference Centre building (3 shots)
GV PAN INTERIOR North-South conference delegates seated
SV Conference president seated
SVs Delegates from European Economic Community, Switzerland, USA, Canada, Japan, Yugoslavia, Sweden, Iran, Algeria, Egypt, Saudi Arabia, Nigeria, Zaire, Cameroun, Pakistan, Jamaica, Brazil, Argentina, and Peru (19 shots)
GVs Delegates seated around table (2 shots)
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Background: The industrialized countries and the developing world have begun a final round of preparatory bargaining in their talks about a fairer world economic order.
SYNOPSIS: The so-called "North-south dialogue" is being held at the International Conference centre in Paris. The major oil exporting countries are negotiating on the side of the third world countries in the dialogue, which began last February. However, the talks have so far failed to produce any startling proposals. Time is running short at the conference, as the ministers from the 27 participating countries are to meet in Paris on December the 15th for decisive conference based on the preparatory work done by the officials at the current talks.
Officials at the talks now have a week to break the deadlock in their four specialist negotiating commissions on energy, raw materials, aid and finance. Officials from the developing countries say they are increasingly frustrated at what they consider delaying tactics by the industrialized camp which includes the United States, Japan and the European Economic Community (EEC).
European Economic Community foreign ministers meeting in Brussels in Belgium on Tuesday (16 November) were trying to decide on concessions the EEC could make to revive the Paris dialogue.
While industrial countries acknowledge the need for a new economic order, they have so far resisted the two main demands by developing countries -- the indexation of oil and other raw material export prices to western nations, and generalized debt relief arrangements for the poorest of the developing states.