Financial Times FT.com

Oil

UN urged to lead drive for fuel price cuts

By John Aglionby in Kuala Lumpur

Published: July 7 2008 01:42 | Last updated: July 7 2008 01:42

Eight developing countries will call on the United Nations to take the lead in trying to bring down global oil and food prices when their leaders meet in Malaysia on Tuesday for their twice-yearly summit.

Foreign ministers of the Developing Eight (D8) met on Sunday in Kuala Lumpur and their draft declaration also put forward ideas to increase intra-member trade more than 10-fold to $517.5bn (£261bn,€329bn) a year.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this