UN General Assembly
2006

varying levels of size, vulnerability and development. There are large developing countries, there are small developing countries and there are very small developing countries. In addition, there are the least developed countries, which may be large or small. Where the very small developing countries are islands, their vulnerability is multiplied several fold. In addition to market access, therefore, small island developing States require increased development finance for trade and productive capacity enhancement combined with trade rules that are responsive to their development aspirations. In this regard, small vulnerable economies and the least developed countries urgently need a trading system that acknowledges their vulnerability and grants them the necessary special and differential treatment. This will ensure that they benefit from their participation in the global system and lead to greater equity and fairness in the process. 27 06-53615 Increasingly, South-South cooperation has become vitally important to countries like the Commonwealth of Dominica, as the developed nations retreat from fulfilling their commitment to contribute 0.7 per cent of their GNI for development assistance. South-South cooperation from China, Cuba, Libya,