UN General Assembly
1979

136. In the opinion of my delegation the accommodations accepted by the many conferences of recent years, within the framework of strengthening the commodities sector, should receive particular attention from our developed partners. For it is upon this sector that a major part of the speedy economic development of almost all countries of the third world depends. Indeed, commodities play an important role in the economy of the developing countries and the strengthening of this sector will attain two essential objectives—namely, immediate substantial advantages for the majority of the populations of the producer countries and an important contribution in foreign exchange which is needed to support industrial projects in those countries. 137. Therefore, it seems to be of paramount importance to accelerate the processes of the implementation of the Integrated Programme for Commodities and the setting up of its key element, the Common Fund, whose role is to improve the structures of markets and international trade in commodities.