UN General Assembly
1977

27. First, there will have to be satisfactory arrangements in regard to. primary commodities, to encourage orderly investment. We see the common fund as the key element in the programme of UNCTAD for an integrated approach to the commodity problem, which we endorse. While we note that an agreement in principle was reached on the common fund at the Conference on International Economic Co-operation, we would also like to make sure that the fund that eventually results is of the kind that will support commodity markets on a broad basis at times of falling prices and, therefore, act as a catalyst in permitting the conclusion on equitable terms of many more commodity agreements than have been concluded in the past. 184