UN General Assembly
1979

28. The Ministers for Foreign Affairs of the Group of 77, in a declaration issued at their third meeting, held in New York from 27 to 29 September 1979, have strongly reaffirmed that the United Nations system is the only framework within which all negotiations of a global nature relating to the establishment of the new International Economic Order should take place. We hope that the proposal adopted at that meeting for the launching, within the United Nations, of a round of global and sustained negotiations on international economic co-operation for development with the full participation of all States and within a specified time-frame will be positively received by all developed countries. Such negotiations, to be effective, should no doubt be action-oriented and be predicated upon an integrated approach to the main issues involved, such as raw materials, energy, trade, development, money and finance.