Right to exploit freely natural wealth and resources

UN General Assembly, Right to exploit freely natural wealth and resources, A/RES/626, UN General Assembly, 21 December 1952, https://www.refworld.org/legal/resolution/unga/1952/en/7622 [accessed 22 April 2025]
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VII. RESOLUTIONS ADOPTED ON THE REPORTS OF THE SECOND COMMITTEE
626. Right to exploit freely natural wealth and resources

The General Assembly, Bearing in mind the need for encouraging the under-developed countries in the proper use and exploitation of their natural wealth and resources, Considering that the economic development of the under-developed countries is one of the fundamental requisites for the strengthening of universal peace, Remembering that the right of peoples freely to use and exploit their natural wealth and resources is inherent in their sovereignty and is in accordance with the Purposes and Principles of the Charter of the United Nations,

1. Recommends all Member States, in the exercise of their right freely to use and exploit their natural wealth and resources wherever deemed desirable by them for their own progress and economic development, to have due regard, consistently with their sovereignty, to the need for maintaining the flow of capital in conditions of security, mutual confidence and economic co-operation among nations;

2. Further recommends all Member States to refrain from acts, direct or indirect, designed to impede the exercise of the sovereignty of any State over its natural resources.

411th plenary meeting,
21 December 1952.
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