UN General Assembly
1973

effects of the unsatisfactory implementation of the Strategy and formulate requisite measures for its realization. 33. The General Assembly should also demand that the interests of the developing countries should be respected and reflected in the monetary and trade negotiations for the establishment of new relations in these most vital areas of international economic co-operation, and it should also demand the adoption of the principles of preferential treatment, non-reciprocity and non-discrimination upon which those relations should rest. 34. I should also like to point out the urgency and importance of the formulation of a concept on the achieving of collective economic security in which every member of the international community would have its unobstructed, independent economic and social development guaranteed. The foresight and validity of the initiative of the President of Mexico, Mr. Luis Echeverna Alvarez concerning the adoption of a charter on economic rights and duties of States has been confirmed. In saying this I wish to voice our interest in having this charter drafted and adopted as early as possible.