UN General Assembly
1975

161. Beyond these alliances, Venezuela believes in its role as a participant in any and all initiatives aimed at fostering the mechanisms of world co-operation, which means simply that we are identified with the fate and future of mankind. In this effort, we recognize no difference between great or small, capitalist or socialist, industrialized or non-industrialized nations, whether north, south, east or west. 162. As an oil-producing country Venezuela has, with modesty but good will, defined several programs for international co-operation. With Central America, with nations of the Caribbean and other countries in the southern part of our continent, we have reached important agreements. Venezuela has pledged funds for international co-operation to a total of $2,724 million, which amounts to more than 8 per cent of our gross national product, thus largely exceeding the quota fixed by the United Nations for the developed countries. We realize, however, that isolated initiatives are not in themselves sufficient, and that is why, with other oil-producing and non-oil-producing nations, we are developing a broader plan to contribute to international development.