UN General Assembly
1977

66. Since the very beginning of their existence the socialist States have constantly striven and continue to strive for the development of broad commercial, economic, scientific and technological co-operation with all countries on an equal, mutually advantageous and democratic basis. We are convinced that the solution of today's urgent economic problems in the interests of all the peoples of the world is possible mainly by observance of the principle of the sovereignty of every country over its natural resources, of the right of every people freely and without impediment to choose its own path of development and by the elimination of the exploitation of the peoples of developing countries by foreign capital and transnational corporations. In these circumstances the aspirations of developing countries for the establishment of just and equal international economic co-operation can become feasible. In this regard I should like to point out that the successful economic development of the Soviet Union and other States of the socialist community has created propitious conditions for the further development of their foreign economic links with all countries.