UN General Assembly
1965

125. We may learn some important lessons from this: the Trade and Development Board, and especially the Committee on Commodities, must aim at gradually transforming their theoretical documents into worldwide executive instruments compelling all States to agree on prices for raw materials which are fair in relation to development needs. The Committee should devise objective and mandatory legal measures to eliminate the danger of substitutes as long as the commodities concerned are vital to the economy of any one country. The Committee should also propose procedures designed to prevent anyone from altering the arrangements agreed upon in international commodity agreements through indiscriminate sales of non-commercial stocks. If these three things are not done, we shall regretfully be obliged to conclude that as far as the vital question of commodity prices is concerned the Trade and Development Board has written in the sand.