UN General Assembly
1985

The interrelated issues of trade, money and finance demand our immediate attention. International trade, long recognized as a classic instrument for promoting mutual economic gain, is increasingly being stifled. Indonesia is fully committed to an open international trading system based on the principle of differential and favorable treatment for the developing countries and supports all efforts aimed at the progressive dismantling of protectionism. In commodity trade, we strongly support the implementation of the Integrated Programme for Commodities and the full operation of the Common Fund. The decreased flow of development finance has exacerbated the loss of income due to diminishing export earnings and deteriorating terms of trade. The resultant havoc is vividly manifested by the current debt crisis and its many ramifications. A significant increase in the transfer of real resources, be ii official and private, is therefore imperative. A creative and comprehensive response, such as an international conference on money and finance for development, as called for by the New Delhi Seventh Summit Meeting of the Movement of Non-Aligned Countries should be pursued with urgency.