UN General Assembly
1963

170. In this context of international co-operation to be reappraised and readapted to the requirements of our era, we are happy to welcome most sincerely the initiative of the United Nations in planning a world Conference on Trade and Development for 1964. We hope that on this occasion all the participants will make a real effort to renounce mercantilist practices and scandalous privileges, with a view to laying the essential foundations for a system of justice and stability in international trade. That, in any event, is the only way to bridge the widening gap which so dangerously separates the highly developed countries from the developing countries. The latter are compelled today to content themselves with the charity offered them by the former in the guise of aid and assistance, often representing an insignificant fraction of the amounts wrongfully extracted from them through the inequitable trade system in force today.