UN General Assembly
1975

274. A suitable formula for co-operation and the co-ordination of economic policies has been found in the establishment of regional bodies which carry out multinational Programs, designed to make possible the better utilization of the natural and technological resources of Member countries, and to plan machinery for integration and mutual development. Such bodies should, of course, take into account the specific characteristics of the relatively least economically developed countries, so that they may be given favorable treatment and can thus, by means of their participation in those bodies, improve their economic conditions. That is why El Salvador has given firm support to the initiative for the establishment of a Latin American Economic System in the spirit of the Declaration and the Program of Action on the Establishment of a New International Economic Order [resolutions 3201 (S-VI) and 3202 (S-VI)] and the Charter of Economic Rights and Duties of States [resolution 3281 (XXIX)].