Study on the indexation of prices

3083. Study on the indexation of prices

The General Assembly, Having considered the report of the Trade and Development Board on its thirteenth session,[1] Recalling General Assembly resolutions 1995 (XIX) of 30 December 1964, 2904 (XXVII) of 26 September 1972 and 3041 (XXVII) of 19 December 1972, Recalling also resolutions 55 (III) of 19 May 1972, 80 (III) of 20 May 1972 and 83 (III) of 20 May 1972 of the United Nations Conference on Trade and Development,[2] Recognizing the importance of the interrelation between the reform of the international monetary system and existing or prospective arrangements among countries, including those that involve international trade and the flow of capital as investment or development assistance, Recalling the Declaration and Principles of the Action Programme of Lima, in particular paragraph 3 (a) (iv) of section B of the Programme of action,[3] Recalling also the Economic Declaration adopted by the Fourth Conference of Heads of State or Government of Non-Aligned Countries, held at Algiers from 5 to 9 September 1973,[4] Bearing in mind the review and appraisal of the implementation of the International Development Strategy for the Second United Nations Development Decade now being undertaken by the United Nations Conference on Trade and Development and by other bodies, Mindful of the fact that the structure and organization of the global import-export trade is significantly advantageous to the developed countries,

1. Requests the Secretary-General of the United Nations Conference on Trade and Development to prepare, after consultation with the President of the International Bank for Reconstruction and Development, a comprehensive study on the indexation of prices of commodities produced in, and exported by, developing countries and to examine ways and means whereby unit prices of manufactured imports from developed countries and unit prices of exports from developing countries could be automatically linked;

2. Further requests the Secretary-General of the United Nations Conference on Trade and Development to submit a report on the findings of the study to the General Assembly at its twenty-ninth session, through the Trade and Development Board.

2192nd plenary meeting
6 December 1973

[1]1bid., part three. [2] See Proceedings of the United Nations Conference on Trade and Development, Third Session, vol. I, Report and Annexes (United Nations publication, Sales No.: E.73.II.D.4), annex I.A. [3] Ibid., annex VIII.F. [4] A/9330 and Corr.1, p. 57.

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