UN General Assembly
1982

large amounts of capital. Whether we consider our present trade position or the intended improvement, the developing countries are faced with a growing crisis in the world market. This crisis is mainly characterized by increasing protectionist measures by the industrialized States. To eliminate these tradebarriers the role of GATT must be directed towards new normative tasks, such as the establishment of rules which do not hamper access by the developing countries to international markets and which do not hinder their capacity to regulate their own internal markets. Hence, my delegation strongly appeals for a review of the international economic institutions. Without relaxing our efforts to work for more just and equitable terms of trade in the North South relationship, it is important to consider the intensification of trade among developing countries as an integral part of collective action for the establishment of a new international economic order. My Government holds the view that in regional, sub regional and bilateral relations efforts should be made to concentrate on exploring and exploiting trade possibilities between developing countries. In this respect it