Permanent sovereignty over natural resources
- Author: UN General Assembly
- Document source:
-
Date:
17 December 1973
XXVIII. RESOLUTIONS ADOPTED ON THE REPORTS OF THE SECOND COMMITTEE
3171. Permanent sovereignty over natural resources
1. Strongly reaffirms the inalienable rights of States to permanent sovereignty over all their natural resources, on land within their international boundaries as well as those in the sea-bed and the subsoil thereof within their national jurisdiction and in the superjacent waters;
2. Supports resolutely the efforts of the developing countries and of the peoples of the territories under colonial and racial domination and foreign occupation in their struggle to regain effective control over their natural resources;
3. Affirms that the application of the principle of nationalization carried out by States, as an expression of their sovereignty in order to safeguard their natural resources, implies that each State is entitled to determine the amount of possible compensation and the mode of payment, and that any disputes which might arise should be settled in accordance with the national legislation of each. State carrying out such measures;
4. Deplores acts of States which use force, armed aggression, economic coercion or any other illegal or improper means in resolving disputes concerning the exercise of the sovereign rights mentioned in paragraphs 1 to 3 above;
5. Re-emphasizes that actions, measures or legislative regulations by States aimed at coercing, directly or indirectly, other States or peoples engaged in the reorganization of their internal structure or in the exercise of their sovereign rights over their natural resources, both on land and in their coastal waters, are in violation of the Charter of the United Nations and of the Declaration contained in General Assembly resolution 2625 (XXV) and contradict the targets, objectives and policy measures of the International Development Strategy for the Second United Nations Development Decade,[4] and that to persist therein could constitute a threat to international peace and security;
6. Emphasizes the duty of all States to refrain in their international relations from military, political, economic or any other form of coercion aimed against the territorial integrity of any State and the exercise Of its national jurisdiction;
7. Recognizes that, as stressed in Economic and Social Council resolution 1737 (LIV) of 4 May 1973, one of the most effective ways in which the developing countries can protect their natural resources is to establish, promote or strengthen machinery for co-operation among them which has as its main purpose to concert pricing policies, to improve conditions of access to markets, to co-ordinate production policies and, thus, to guarantee the full exercise of sovereignty by developing countries over their natural resources;
8. Requests the Economic and Social Council, at its fifty-sixth session, to consider the report of the Secretary-General mentioned in the last preambular paragraph above and requests the Secretary-General to prepare a supplement to that report, in the light of the discussions that are to take place at the fifty-sixth session of the Council and of any other relevant developments, and to submit that supplementary report to the General Assembly at its twenty-ninth session.
2203rd plenary meeting,17 December 1973
[1] Resolution 2625 (XXV), annex. [2] A/9330 and Corr.1, p. 66. [3] E/5425 and Corr.1, E/5425/Add.1. [4] Resolution 2626 (XXV).
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