UN General Assembly
1963

32. The main trend in world economic movements at present is towards regional integration. My country is following these movements with interest in so far as they may lead to the expansion or contraction of our foreign trade. I wish to repeat here what my (government has already stated at previous sessions of the General Assembly; it is becoming more and more imperative to take into account the negative repercussions on the less developed countries of the trade policies of regional economic groupings of the highly industrialized nations. Since for the expansion of their trade the developing countries depend on their raw materials as an indispensable means of exchange, it is essential that certain lines of conduct should be laid down for the highly developed countries and that the terms of trade should be kept within equitable limits.