UN General Assembly
1964

28. As a measure stemming from this policy, and aimed at the full and optimum utilization of our resources, the public ownership of the basic means of production and major public utilities was decreed. A programme of land utilization and land reform was put into effect. Various measures were taken to make credits for agricultural development and co-operative societies more readily available, as a means of coupling social justice with economic productivity. To ensure an optimum and adequate financing of development projects, both in the private and public sectors, commercial banks were nationalized. Another set of measures was also adopted to increase and diversify Syria's trade relations with other countries. The subsequent increase in hard currency is being devoted to broadening and strengthening the industrial structure of our economy. 29. In the field of education, Syria is making great strides in developing its educational institutions and improving their quality, with particular emphasis on vocational training in agriculture and industry.