UN General Assembly
1967

84. Bolivia is a member of the United Nations Conference on Trade and Development (UNCTAD) and a member of its Committee on Commodities. As such it cannot but express the hope that the Second Session of that Conference will achieve more success than has been achieved so far. 85. We should like to see practical measures taken to correct the situation 1 have described and to obtain wider agreement on the principles which must govern world trade relations and trade policies conducive to development. We want stable prices and markets, so that we can forecast our earnings and consequently our national investment possibilities. For us, every cent of reduction in the price of a pound of the tin we sell means a fall of about half a million dollars in our revenue. If the developed countries dump on the world market non-commercial stocks of primary commodities such as tin, they are seriously jeopardizing our foreign exchange earnings. That is why we repeat our hope that this dumping will finally cease.