President Leopold Senghor of Senegal on Wednesday (9 June) urged the industrialised countries to improve the terms of trade for developing countries.
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Background: President Leopold Senghor of Senegal on Wednesday (9 June) urged the industrialised countries to improve the terms of trade for developing countries. Stressing the need for a balance between trade and employment, President Senghor called for a constant relationship between the prices of raw materials and those of industrial products.
Senegal's President was addressing the Annual Conference in Geneva of the 121-nation International Labour Organisation (ILO). He praised the ILO for its fight against poverty in underdeveloped nations and said that trade between all nations within each continent was a factor for peace.