Confidence-building in international economic relations : resolution / adopted by the General Assembly

 

RESOLUTION ADOPTED BY THE GENERAL ASSEMBLY
Confidence-building in international economic relations

  The General Assembly, Taking note of the report of the Secretary-General prepared in response to its resolution 38/196 of 20 December 1983 on confidence-building in international economic relations, Recalling that the spirit of mutual confidence made possible the founding of the United Nations nearly forty years ago, Convinced that the state of, and trends prevailing in, the world economy, as well as the deteriorating international climate, call for new efforts aimed at enhancing confidence in international economic relations, Convinced also that there can be no sustained global development unless there is an improvement in the economic situation of the developing countries, which depends, inter alia, on structural adjustments in the international financial and trading system and on the reinforcement of confidence among all States in their economic relations, Reiterating its concern over the impact of political tensions on international economic co-operation and over the increasing departure from the multilateral platform of economic exchanges and negotiations on key development issues,

1. Invites all States and the United Nations bodies and organizations concerned to continue the exchange of views on confidence-building in international economic relations and on ways and means of enhancing such confidence;

2. Requests the Secretary-General to continue his consultations with Governments and the United Nations bodies and organizations concerned on the scope of possible confidence-building measures in international economic relations and on the role of the United Nations in that endeavour, and to present his analysis and conclusions thereon to the General Assembly at its forty-first session, through the Economic and Social Council.