Permanent Sovereignty over Natural Resources of Developing Countries and Expansion of Domestic Sources of Accumulation for Economic Development

A/RES/2692(XXV)View PDF

Who adopted this document and its mandates?

A Resolution of the General Assembly, published in 1971.

What subjects does this mandate have?

5 subjects

Capital Movements Industrial Development Natural Resources Permanent Sovereignty Technology Transfer

What’s in this document?

8 operative paragraphs

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Takes note of the report of the Secretary-General entitled "Permanent sovereignty over natural resources" ;Iii

Reaffirms the right of peoples and nations to permanent sovereignty over their natural wealth and resources, which must be exercised in the interest of their national development a'ld of the well-being of the people of the State concerned;

Recognizes that the exercise of permanent sovereignty over their natural resources by developing countries is inuLpe!lsa~le in <;>rder that they may, inter alia, accelerate their mdustnal development, and in this connexion stresses the important role of the appropriate organizations of the United Nations system in the pro- 11s Resolution 2626 (XXV).

54 A/8058.

motion of specific industrial projects dealing with the natural resources of developing countries;

Calls upon Governments to continue their efforts aimed at the complete implementation of the principles and recommendations contained in the aforementioned resolutions of the General Assembly;

Invites the Economic and Social Council to instruct the Committee on Natural Resources to include in its work programme a periodic report on the advantages derived from the exercise by developing countries of permanent sovereignty over their natural resources, with particular reference to the impact of such exercise on the increased mobilization of resources, especially of domestic resources, for their economic and social development, on the outflow of capital therefrom as well as on the transfer of technology;

Further invites Member States to inform the Committee on Natural Resources,

through the Secretary-General, on the progress achieved to safeguard the exercise of permanent sovereignty over their natural resources, including the measures taken to control the outflow of capital in a manner compatible with the exercise of their sovereignty and international co-operation;

Requests the Secretary-General to continue with the study requested in section III of General Assembly resolution 1803 (XVII) and the submission of the report called for in resolutions 2158 (XXI) and 2386 (XXIII), taking into account also the provisions of the present resolution;

Requests the Secretary-General to submit the report mentioned in paragraph 7 above, through the Economic and Social Council, to the General Assembly at its twenty-seventh session.

I926th plenary meeting,

I 1 December 1970.

64,

67 See Official Records of the General Assembly, Twenty- 66 Proceedings of the United Nations Conference on Trade fifth Session, Supplement No. 15 (A/8015/Rev.l and Rev.1/ and Development, Second Session, vol. I and Corr.1 and 3 and

Who adopted this document and its mandates?

What subjects does this mandate have?

What’s in this document?

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