UN General Assembly
1976

48. Allow me now to turn to some other issues which my delegation feels are of equal importance to the ones already enumerated. The principles which will govern our future international economic relationships have already been established. This was done at both the sixth and seventh special sessions, after the realities of our interdependence had finally convinced the world community that the time for smooth expressions of international economic solidarity was definitely over; words had to give way to tangible expressions of this co-operation. Hence, the adoption by the General Assembly of both a Declaration and a Program of Action for the Establishment of a New International Economic Order [resolutions 3201 (S- VI) and 3202 (S-VIj] based on equity, justice, sovereign equality, interdependence, common interests and co-operation among all States. We are now firmly in the implementation stage of these noble objectives.