UN General Assembly
1963

114. It is undeniable that the same deterioration of trade relations, which has historically done so much harm to Latin America's position in the world market, continues throughout the continent. We have protested a thousand and one times against the implications of this situation which leads to a transfer of wealth and the reduction of our opportunities for growth. A thousand and one times, at international conferences, we have maintained the view that no international aid can compensate for the loss of wealth resulting from the low prices paid for our products on the international market. We firmly reiterate that view today and we demand equitable prices and markets rather than loans and external aid. 115. The picture now appears even more gloomy because of the rapid growth of groupings on the European continent, as a result of the establishment of the Common Market. Latin America cannot remain indifferent to this situation, and we must see how our Governments can find a way out and a genuine and effective solution to this grave problem.