UN General Assembly
1975

dependence on a world-wide scale and also defined the basis for a new international economic order. The Charter of Economic Rights and Duties of States [resolution 3281 (XXIX)] could be regarded as a landmark in the economic and social progress of our Organization. Unlike the sixth special session, the recent seventh special session enjoyed a climate of compromise and negotiations which enabled us to adopt the resolution [3362 (S-VII)] unanimously. Having thus laid the corner-stone, we must progress in the direction of gathering momentum for development in the larger perspective of world economic co-operation. 140. Bhutan is an agricultural country and we have to import the essential materials needed for the sustenance of our economy. We have high potential to expand production for exports. Our minerals, forest produce and potential for hydro-electric power are being harnessed to meet our needs. The life-blood of our economy is road transport. Being a land-locked country, the increased transportation cost adds to our problem.