International Trade as the Primary Instrument for Economic Development

A/RES/1707(XVI)View PDF

Who adopted this document and its mandates?

A Resolution of the General Assembly, published in 1962.

What subjects does this mandate have?

7 subjects

Business Cycles Dumping Economic Development International Trade Trade Expansion Trade in Commodities Trade Restrictions

What’s in this document?

7 operative paragraphs

Urges the economically developed _Member States to take into due account, when formulatmg and executing the.ir trade and economic policies, th~ interests. of the developing and under-develope? _countries by mak~ng maximum efforts to create condit10ns through which they extend to these co~mtri~s adv,_mtages not . necessarily requiring full reciprocity to improve their economic situation, and to pursue as a m~tter of gr~at urgency bilateral, multilateral an_d/or regio~a! negotiations-including where appropriate, negotiations conducted under the General Agreement on Tariffs and Trade-to facilitate the necessary expansion of their trade and to attain a satisfactory co-ordination of efforts in the field of trade towards economic development;

Calls upon States Members of the United Natjons and members of the specialized agencies, an1 especially upon the more highly indus_trialized co~mtries and the developed countries belongmg to regional and subregional economic groupings :

To promote, through individual or_ collective measures, the expansion of world trade, ~articular!); by avoiding undue protection of their domestic production;

( b) To avoid measures detrimental to the prospe~ts of international commodity trade for producers outside their own countries or regions ;

( c) To make every effort to liberalize th~ re~tr!ctive or discriminatory practices that unneces~a_rily hm1t_ the consumption and importation of ~ommod1t1es, ~specially those which have undergone rriaximum processmg, from the under-developed and developing countries;

( d) To pursue policies which woul~ promote t~e industrialization of the developing countries and to avoid practices such as dumping and the unrestri_cted disposal of accumulated stocks that may hamper this process;

Recommends that the Governments of Member States, in recognition of the profound concern of normal commercial exporters, pursue policies designed to avoid the harmful effects on international markets that may result from the disposal of surpluses and, to th~s end, strictly adhere to the principles of surplus disposal recommended by the Food and Agriculture Organization of the United Nations ;

Commends the efforts made by the International Monetary Fund to increase its activities with regard to drawings and standby arrangements in helping the less developed countries to meet seasonal and cyclical maladjustments arising from fluctuations in their expo:t earnings, and expresses the hope that such efforts will continue;

Notes 'U!ith satisfaction that the Commission on International Commodity Trade, at its tenth session, and, at their joint session, the Commiss~on on International Commodity Trade and the Committee on Commodity Problems of the Food and Agriculture _Organization will consider ways and means of solving the problems created by fluctuations in the commodity export earnings of the developing and under-developed countries and urges the above organs to formulate at these se;sions specific recommendations in this connexion;

Requests the Secretary-General to consult Governments of States Members of the United Nations and members of the specialized agencie? and as~ertain ~heir views on the advisability of holdmg an mtern~tlonal conference on international trade problems relatmg especially to primary commodity markets. and, if t_hey deem such a conference advisable, the topics that might be considered for a provisional agenda ;

Further requests the Secretary-General, on t~e 7. basis of these consultations, to report to the Economic and Social Council at its thirty-fourth session and to the General Assembly at its seventeenth session.

19 December 1961.

14,

GENERAL PRINCIPLES GOVERNING THE ESTABLISHMENT AND OPERATIONS OF A UNITED NATIONS CAPITAL DEVELOPMENT FUND

Who adopted this document and its mandates?

What subjects does this mandate have?

What’s in this document?

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