UN General Assembly
1998

Organization. We hope that the forthcoming round of trade negotiations, expected to begin before the end of the century, will lead to the creation of an environment conducive to the development and diversification of world trade, and to the enhancement of economic and commercial cooperation among States on the basis of equality and reciprocal benefits. The financial crisis that has afflicted a number of States and regions has caused economic tremors and has visibly affected the economies of numerous States, thus affirming the interdependence of the world economic system. In view of the consequences of this crisis, the international community must pay special attention to the treatment of economic factors that have a bearing on world growth rates and find effective solutions to them. It is our view that dialogue and cooperation between States of the North and of the South with a view to addressing world economic conditions would enhance world economic stability, lead to a greater flow of financial resources for development purposes and solve problems related to indebtedness, transfer of technology and the promotion of international investment.