Seventh UNCTAD adopts Final Act by consensus.
UN Chronicle › Vol. 24 Nbr. 4, November 1987
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United Nations Conference on Trade and Development
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Seventh UNCTAD adopts Final Act by consensus.
Seventh UNCTAD adopts Final Act by consensus
Industrialized and developing countries agree on common approach to development through economic growth THE SEVENTH SESSION of the United Nations Conference on Trade and Development (UNCTAD VII), held at Geneva from 9 July to 3 August, adopted by consensus a Final Act in which industrialized and developing countries agreed on a common approach to development through economic growth. UNCTAD is the largest intergovernmental forum for the consideration of North-South economic issues. In a 4 August statement, Secretary-General Javier Perez de Cuellar expressed pleasure at the Conference's successful conclusion and stated that the Final Act was "perhaps the most comprehensive statement of the issues facing the world economy and of the policies and measures required to address them, that has been agreed upon at the international level in the past few years'. He added that the political will shown by all groups of countries to reach consensus on that document, and to do so within the United Nations framework, was a "very significant and promising sign of the prospects for multilateral co-operation and the development dialogue', as well as for the Organization's future. It was also an important reaffirmation, he said, of the continuing validity of the concept underlining the mission of UNCTAD, which had emerged strengthened from the Conference. The Conference's substantive results represented a significant advance towards its objectives--the revitalization of development, growth and international trade. All participants stressed the positive and business-like climate which prevailed throughout the Conference under the presidency of Bernard T.G. Chidzero, Minister of Finance, Economic Planning and Development of Zimbabwe. In his final remarks to the Conference, UNCTAD Secretary-General Kenneth K.S. Dadzie said the Conference had achieved constructive and significant advances in the areas addressed by ...See the full content of this document
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