The Iranian representative to the United Nations Conference on Trade and Development - Industry and Mines Minister, Mr.
SV Delegates form Ghana, Kuwait, Chile, Canada, Ukraine and Soviet Union seated
CU Farrokh Najmabadi speaking
SV Tunisian delegate seated
CU Farrokh Najmabadi continues speaking
SV Australian delegates seated
This film is serviced with speech by Mr. Najmabadi. A transcript follows:
"A number of developed countries among us are even ready to clearly admit the unfairness in certain features of the existing international economic relations, thus justifying many of the grievances we had voiced in the past. Mr. President, all those expressions point to the fact that what was once termed as unrealistic demands are now being increasingly recognised as irrefutably logical and just expectations. However, in spite of these encouraging signs of greater understanding,s we are still faced with serious problem that some developed countries continue to confuse the effects with the cause, thereby proposing solutions which would alleviate the symptoms without striking at the root cause. In my delegation's view it is not sufficient to pose the problems and then side-step the basic issues. As regards the misconception propagated by some developed countries that the adjustment in oil price has substantially contributed to their high rate of inflation, I wish to point out that this factor has constituted not more than 1.5 per cent, and in some instances as low as 0.5 per cent, in the inflation rate of the industrialised countries."
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Background: The Iranian representative to the United Nations Conference on Trade and Development - Industry and Mines Minister, Mr. Farrokh Najmabadi - told delegates on Thursday (13 May) that some developed nations have avoided the basic issues over raw materials from the Third World.
Mr. Najmabadi said that a number os industrialised nations recognised the unfairness of existing international economic relations. However, the Minister said that some other industrial nations still did not appreciate the problems faced by developing countries.
The question of the supply of raw materials form Third World nations to industrialised countries has been a major theme throughout the conference.
Discussion has been centred on how to settle fairly the demands of developing countries, who see the minerals as their main source of revenue, against the needs of developed nations for steady supplies.
Mr. Najmabadi said that the industrialised countries must not alleviate the symptoms of the problem but strike at the root cause of the issue to reach a just and fair settlement. The Minister also defended the rise in the price of oil, saying that the inflation rate for industrial nations averaged no more than 1.5 per cent through the increase.