UN General Assembly
1975

160. We are convinced that this common heritage, of high and positive value, offers wide scope for joint action in all aspects of international law and international life, whose increasing interdependence, today more than ever, calls for the concerting of individual and collective efforts. The countries of Latin America have understood matters thus and have set in motion a number of regional efforts that Spain is observing very carefully, ready as it always is to co-operate with these peoples in the problems of development. 161. Consistent with this, the Spanish Government has maintained an open and active policy of cooperation on an economic level with Latin America, both bilaterally and multi nationally, a co-operation that involves the supply of human, technical and financial resources. The Latin American peoples can be assured that in Spain they will always find a neighbor and companion in the noble and difficult task of development to which they are now devoted.