UN General Assembly
1962

178. Pakistan shares the serious concern of the developing countries of Asia, Africa and Latin America at the emergence of trading blocs which may well pose a threat to the goals of the United Nations Development Decade. As the President of Pakistan stated in his address to this Assembly, the historical trend towards regional economic integration is an event fraught with such profound consequences to the future of world trade that the problems posed by it can only be approached in a world perspective. We believe that the time has come to meet this new challenge by concerted action within the framework of the United Nations on the vital questions relating to international trade and the entire range of economic relations between the Industrialized and the developing countries.