Aviareto(b) Principal problems dealt with by them Conference
(i) Need for the Space Protocol
An initial problem that fell to be dealt with
at the outset of the Conference was the continuing insistence by certain sectors of the space industry that the draft Protocol was not needed, that it would create an unnecessary layer of supranational law and that it would raise, rather than lower the costs of commercial space fi nancing, principally by reason of the complexity of the text.
9 The representatives of four States attending the Conference supported
these arguments, claiming that the draft Protocol was not ripe for finalisation.
However, the vast majority of delegations represented at the Conference made clear their conviction that the draft Protocol was to be expected in general to benefit developing and emerging markets and in particular to assist smaller operators and start-up companies, as well as to broaden access to the commercial space market.
Once the decision to finalise the draft Protocol had been taken, it is to be noted that all delegations worked constructively together toward the production of the best possible text