UN General Assembly
1974

Establishment of a New International Economic Order [resolution 3201 (S-VI)], in which the world community solemnly proclaimed its united determination to work urgently towards that goal, and the Pro-gramme of Action [resolution 3202 (S-VI)]- were seen as the advent of a new era of genuine economic co-operation with the rest of the world for the good of all. We very much welcomed the Program of Action especially in the fields of trade liberalization, inter-national monetary reforms, food and fertilizer production, transfer of technology, industrialization and flow of development finance.