UN General Assembly
1961

155. Our country's peace policy reflects the fundamental interests and appropriations of the Romanian people which is concentrating on building an advanced economy and raising its material and cultural well- being. 156. Over a relatively brief historical period, the old Romania which was economically backward, an agricultural dependent State and source of raw materials for the imperialist Powers, has changed into a country with a flourishing and up-to-date industry and mechanized agriculture. 157. Industrial output is five times greater now than it was in 1938 and the rate of development, which is increasing was 17 per cent higher in 1960 than it had been in 1959. In Romania, important primary commodities are being manufactured today such as machinery for the petroleum industry, machine-tools, tractors, harvester-threshers and other agricultural machinery, trucks, electric and Diesel engines and a whole variety of chemical and petrochemical products. Our country is exporting industrial equipment for the complex process of extraction and refinement of petroleum, tractors and other products. 158. We have also made great strides in our agriculture.