Bearing in mind that, in accordance with the Charter of the United Nations, the General Assembly is called upon to initiate studies and make recommendations for the purpose of encouraging the progressive development of international law and its codification,

Recalling its resolutions 3201 (S-VI) and 3202 (S-VI) of 1 May 1974, containing the Declaration and the Programme of Action on the Establishment of a New International Economic Order, 3281 (XXIX) of 12 December 1974, containing the Charter of Economic Rights and Duties of States, 3362 (S-VII) of 16 September 1975 on development and international economic co-operation and 35/56 of 5 December 1980, the annex to which contains the International Development Strategy for the Third United Nations Development Decade,

Recalling also its resolutions 34/150 of 17 December 1979 and 35/166 of 15 December 1980, entitled "Consolidation and progressive development of the principles and norms of international economic law relating in particular to the legal aspects of the new international economic order", and its resolutions 36/107 of 10 December 1981, 37/103 of 16 December 1982, 38/128 of 19 December 1983, 39/75 of 13 December 1984 and 40/67 of 11 December 1985, entitled "Progressive development of the principles and norms of international law relating to the new international economic order",

Bearing in mind the urgent need to adopt measures to reactivate the process of international economic co-operation and the negotiations undertaken for that purpose, particularly in view of the economic difficulties encountered by the developing countries,

Considering the close link between the establishment of a just and equitable international economic order and the existence of an appropriate legal framework,

Recognizing the need for the codification and progressive development of the principles and norms of international law relating to the new international economic order,

Reiterating the importance of the analytical study submitted to the General Assembly at its thirty-ninth session by the United Nations Institute for Training and Research,

1.Urges Member States that have not done so to submit their views and comments with respect to the analytical study;

2.Requests the Secretary-General:

1. To seek proposals of Member States concerning the most appropriate procedures to be adopted with regard to the consideration of the analytical study, as well as the codification and progressive development of the principles and norms of international law relating to the new international economic order;

2. To include the proposals received in accordance with subparagraph (a) above in a report to be submitted to the General Assembly at its forty-second session;

3.Recommends that the consideration of the most appropriate procedure for completing the elaboration of the process of codification and progressive development of the principles and norms of international law relating to the new international economic order, and of the forum that would be entrusted with the task, be undertaken by the General Assembly at its forty-second session, with a view to making a final decision after taking into account the proposals and suggestions made by Member States on the matter;

4.Decides to include in the provisional agenda of its forty-second session the item entitled "Progressive development of the principles and norms of international law relating to the new international economic order".

95th plenary meeting
3 December 1986