UN General Assembly
1977

26. In the context of international co-operation for development, the delegation of Guatemala considers it appropriate to express its support for the establishment of the International Fund for Agricultural Development, which represents an important effort of the international community to increase food production throughout the world. The Fund is a scheme in which both industrial countries and the developing countries would participate with specific and far-reaching objectives that would lead to a general improvement in rural activity throughout the world. 27. My delegation considers that, in order to attain development targets, basic conditions must be created that would promote development at all levels, including conditions designed to establish a balance in international trade. To this end the developed countries must apply, improve and expand the system of generalized non-reciprocal and non-discriminatory tariff preferences for the developing countries.