Improvement of the Terms of Trade Between the Industrial and the Under-Developed Countries

A/RES/1520(XV)View PDF

Who adopted this document and its mandates?

A Resolution of the General Assembly, published in 1961.

What subjects does this mandate have?

5 subjects

Agricultural Products Commodities Commodity Markets Terms of Trade Trade Agreements

What’s in this document?

2 operative paragraphs

Recalling that one ()f the greatest l'conomic development problems in most of tl 1c 11ndcr-c\cvclopcd countries is the imbalance 1)(_'(\\TCll the prices of the pmrlucts they export anc\ those of the merchan<lise anrl other goods which they need to i111port,

Considering that these terms of tracle ha \'e b<"en deteriorating steadily in recent years, thereby contributing to the difficult situation of economic and social instability in the countries rnncerned,

Appreciating that the means these countries can adopt in isolation to protect the prices of the raw materials or primary products which they produce are very weak and for the most part ineffective,

Expressing the hope that agree111ents similar to the international agre{'nwnts concluded between producers and consumers in the case of sugar, wheat and tin might be concluded in the case nf other primary commoclities and implemented on a wider basis 1110n' favourable tn the under-developed countries,

N otin_r; further that thne ar<' other measures which States Members of the Un:ted T\ations and members of the specialized agencies might take to alleviate the export problems of uncler-develop<'d countries through improving their access to the markets of the more developed countries for their present and potential ('xport products,

R.ecognizing that by such procedures a considerable improvement could be brought about in the terms of trade between the industrial and the under-developed countries,

Recommends that the 1,~conomic and Social Council and the Commission on International Commodity Trade intensify the study of m<"asures, including in particular nmltilateral agreements among States, which might be adopted in order to extend and improve markets for the sale of primary commodities which form the basis of the economies of the uncler-developecl countries;

Requests the Economic and Social Council to report to the General Assembly at its sixteenth session on any results of such studies as well as other similar studies now under way in various international organizations which might promote the above ends.

948th plenary nicetinr1,

15 December 1960.

Who adopted this document and its mandates?

What subjects does this mandate have?

What’s in this document?

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