In Manila, the world's developing nations agreed to make full use of their bargaining power in getting a better share of international trade and wealth.
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Background: In Manila, the world's developing nations agreed to make full use of their bargaining power in getting a better share of international trade and wealth.
The agreements were adopted on Saturday (Feb. 7) at the closing session of the Group of 77 of the UN Conference on Trade and Development (UNCTAD) ministerial meeting.
The documents, to be known as "The Manila Charter", were approved through acclamation by delegates from 110 developing countries of Asia, Africa and Latin America.
They were issued after extended deliberations which delayed the closing ceremony by one day.
The documents will be used as guidelines of developing nations forming a solid front when they meet developed countries in the fourth UNCTAD in Nairobi in May.
Philippine President Ferdinand Marcos accepted the invitation extended to him to personally read the Manila Charter at the Nairobi meeting.
Mr. Marcos accepted the invitation during his brief remarks at the closing ceremonies of the third ministerial conference.