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OPEC Summit Concluded 6 Riyadh

oriented Doha Round of trade negotiations, as well as mobilizing development assistance and foreign direct investment to developing countries. It is equally important, in this regard, to ensure that investment and trade policies are fair and structured to promote and facilitate technology transfer to developing countries on affordable and cost-effective terms, especially of environmentally-sound technologies.
The Member Countries of our Organization, while joining the international community in the efforts to achieve the Millennium Development Goals, take the interests of fellow developing countries into full account in our petroleum production and investment decisions, as well as our development assistance programmes and initiatives. It was during our First Summit in Algiers that the OPEC Fund for International Development was established to provide development assistance to developing countries. Our Member Countries, acknowledging the strong interrelationships between energy and development and the potential for their enhancement to achieve sustainable development, resolve to:
1- Emphasize that eradicating poverty should be the first and overriding global priority guiding local, regional and international efforts.
2- Continue working with the international community towards the advancement of the interdependent and mutually supportive pillars of sustainable development, namely economic development, social progress and environmental protection.
3- Highlight the importance for the global community to achieve its development goals, including those contained in Agenda 21, the United Nations Millennium Development Goals, the Johannesburg Plan of Implementation, the Monterrey Consensus and the New Partnership for African Development (NEPAD) initiative.
4- Urge developed countries to facilitate access to modern technologies by developing countries, that are reliable, affordable, economically viable, socially acceptable and environmentally sound.
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