UN General Assembly
1975

105. One of the major preoccupations over the past several years has been the growing gap in living standards between the developed and the developing nations. It has become imperative to establish the basis for a more just system of international economic relations among the nations of the world irrespective of their economic and social systems, and on the basis of equality. The seventh special session, which concluded its work a little more than a fortnight ago, addressed itself to this very problem. It is not my intention on this occasion to go into the substantive issues. My delegation welcomes the spirit of conciliation and co-operation manifested at that session which enabled us to conclude our negotiations and unanimously adopt a Program on development and international economic co-operation. What now remains to be done is for all countries to commit themselves to the adoption and implementation of a world plan of action. Since our ultimate objective is to establish a new international economic order, we regard what has been done at the seventh special session as a vital step towards that objective.