Natural resource: resolution adopted by the conference of ministers 223(X)

Abstract

Resolution adopted by the conference of Ministers at its Tenth session 223(X) Natural resources. The conference of Ministers, Taking note of General Assembly resolution 2692(XXV) of 11 December 1970 on the permanent sovereignty over natural resources of developing countries and the expansion of domestic sources of accumulation for economic development, and Bearing in mind that the financing of the development plans .of the developing countries depends, to a considerable degree, upon the conditions under which their natural resources are exploited and upon their share in the profits of foreign enterprises in the exploitation of such resources.