KPDS 1997-2 Soru=83

As can be understood from the passage, the 1964 United nations Conference on Trade and Development was remarkable because ____

In 1964 the United Nations Conference on Trade and
Development was held. For the first time the poorer
nations of the world came together to act as a pressure
group on trading matters. The Conference made the
following recommendations. The Developing countries
should be given free access to world markets for their
manufactures and semi manufactures by the elimination
of quotas and tariffs. International commodity agreements
should be made for each major primary commodity in
world trade to stabilise commodity prices. Moreover,
compensation schemes, whereby the underdeveloped
countries are compensated for the declining prices of
their primary products, were recommended for
consideration. The Conference also resolved that the
developed countries should aim to provide at least 1 per
cent of their national income as aid for the
underdeveloped countries.