KUALA LUMPUR Reuter: Malaysia will propose to the South Commission that developing countries set up a common market to sell primary produce and manufactured goods.
The Commission was formally set up at the nonaligned movement’s summit in Harare last week to boost growth in developing countries.
Before the summit several developing nations set up a steering committee for the Commission while their representatives were attending a conference in Malaysia in May.
Malaysian Prime Minister Mahathir Mohammad Chairman of the Steering Committee said that many poor nations had small domestic markets and could not sell their produce without turning the industrial nations.
“If we share our markets and may be able to switch from commodities to manufacturing to achieve economies of scale” he told a press conference in Kuala Lumpur after returning from the Harare summit.
He said that the member countries should set up a center to pool their information and promote trade among themselves.
Mahathir said the south also needed to set up a series of international universities to check the out flow of money to developed countries in student fees.
Article extracted from this publication >> September 12, 1986
