UN General Assembly
1973

199. The developing countries have so far been constantly suffering from a deterioration in the terms of trade. Primary products are often subject to quotas and are seldom fairly priced. The present system must change in favour of the poor countries. We hope that the major negotiations which are soon to begin will remove all the obstacles to the intensification of trade between rich and poor countries. We must establish a new system, which will open up new markets to the products of the under- industrialized countries, provide just and fair remuneration for primary products and allow healthy trade co-operation. It is in the field of trade that the developed countries can underpin the efforts of developing countries in dignity and reciprocity by a system permitting all parties to participate equally in the harmonious development of the world economy, and, in particular, the economy of the third world, so that everyone will be able to enjoy fully the fruits of his fairly remunerated efforts.