Speeches by the Nigerian and Austrian delegates to the fourth United Nations Conference on Trade and Development (UNCTAD) on Monday (10 May) reflected the anxieties between industrialised and developing nations over aid and raw materials.
GV conference building
GV INTERIOR Thailand delegation
SV Major General Mohammed Shuwa speaking
SV delegation from Gabon
CU Austrian minister Joseph Staribachar speaking
This film is serviced with speech by the Nigerian delegate, Major General shuwa and the Austrian delegate Joseph Staribachar. A transcript follows:
MAJOR GENERAL SHUWA: "In recent years, Nigeria has given to other developing African countries, financial aid to the tune of 60,000,000 U.S. dollars. This amount may not mean much to the developed nations, but to us it constitutes a significant sacrifice. In June 1975, Nigeria voluntarily increases her capital stock in the African development Bank by approximately 9,000,000 U.S. dollars. In the same month, she established a Trust Fund of 80,000,000 U.S. dollars in the same bank for assistance to the less-endowed members of the bank. In addition, my government has entered into a number of bilateral and multi-lateral co-operation arrangements and projects with other African countries. These limited efforts, are a token of our commitments to the principle of, and need for, economic co-operation among developing Countries".
JOSEPH STARIBACHAR: "The main objective of international action on the commodity front should be the stabilisation of market conditions with a view to achieving prices at a level just to consumers, and remuneration to producers, and thus bringing about a greater stability to the export earnings of producing developing countries.
Any measure in this field, however, should take into account the long term trends in commodity markets, as well as the necessity for the security of supply for the consumer countries".
Joseph Staribachar then spoke for Austria on fears over raw material supplies.
Initials RH/1840 RH/PK/AW/1849
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Background: Speeches by the Nigerian and Austrian delegates to the fourth United Nations Conference on Trade and Development (UNCTAD) on Monday (10 May) reflected the anxieties between industrialised and developing nations over aid and raw materials.
The Nigerian delegate, the Commissioner for Trade, Major General Mohammed Shuwa, stressed that Nigeria has given other developing African nations financial aid through the African Development Bank and a special trust fund. Major General Shuwa also said that Nigeria had entered a number of co-operative economic projects with developing nations. He added that although the industrialised nations might not be impressed by Nigeria's contribution, it constituted a considerable sacrifice for his country.
Later, Austrian delegate Herr Joseph Staribachar, the Federal Minister for Trade, Commerce and Industry, said that industrialised nations were concerned for the security of supply for their raw materials from Third World nations.
Herr Staribachar said that a main objective for the conference was international action on the price of raw materials. Price should be stabilized at a level to both consumers and producers.
SYNOPSIS: Nairobi where, on Monday, the fourth United Nations Conference on Trade and Development continued with speeches by the Nigerian and Austrian delegates. Major General Shuwa of Nigeria spoke first.