UN General Assembly
1963

However these problems must be tackled without propaganda, without political exploitation, and without bias or prejudice. A fallacious theory, which is unfortunately sometimes given credence, holds that the groupings of the industrially advanced countries must necessarily aim at the exploitation of the developing countries, at their own enrichment at the expense of the latter countries, and at the perpetuation of an economic hegemony. Nothing could be more untrue. The advanced countries can progress only together with the developing countries. The time is past when a trade balance could be established between the preponderantly industrialized countries and the primary producing countries. Active trade today requires all countries to attain a level of prosperity which cannot be achieved without a certain degree of industrialization. This is the philosophy of the European Economic Community which, through association with countries such as Greece and the eighteen African States in equitable conditions, has offered them economic assistance and means of speeding up their economic development.