UN General Assembly
1964

124. Whereas we in Nepal feel confident about the success of our efforts in economic and social development, we also realize, like the rest of the developing world, that our fate is greatly affected by economic forces in the rest of the world. It was with a keen realization of this fact that my Government participated in the United Nations Conference on Trade and Development held this year. 125. The conference was a right step towards the solution of the grave problem of the economic gap between the rich countries and the poor countries of the world. It provided a great forum to review this serious and threatening problem, and recommended measures to overcome the difficulties faced by the developing countries in meeting their trade gap. Though the conference could not produce immediate practical results, it evolved certain dynamic principles of international trade, including transit trade of the landlocked countries. If those principles and recommendations were to be faithfully implemented, many of the economic ills faced by the developing countries would be to a great extent solved.