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Key questions, including, the impact of international trade on development, the future of the international financial system and the urgency of confronting climate change are provoking major debate between the G77 group, the US, the EU and Australia, Canada, New Zealand and Japan. There are three major issues on which disagreement persists: First, opposition was voiced by the US and to a certain extent by the EU to strong draft language on the way trade policies affect development. Second, there is no consensus among governments on the way forward to review the international financial and monetary architecture and global economic structures. Third, a number of countries, such as the US and Russia, contend that the issue of financing climate change belongs to the UN’s climate change (UNFCCC) process and should be excluded from the discussions.
“It is of the utmost importance that the world listens to the aspirations of the developing world, because they suffer the worst impact of the current crises: job losses, downward pressure on working conditions and deterioration of living standards,” Ryder added. Apart from actively lobbying government officials at this critical point, the ITUC delegation together with the other members of the Decent Work, Decent Life Campaign hosted a parallel side-event “Financing Decent Work – An Imperative for Sustainable Development” at the Conference.
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