26 May 1987

14th Plenary Meeting

Permanent sovereignty over natural resources

The Economic and Social Council,

Recognizing the problems that the present international economic situation causes all countries, in particular the developing countries,

Noting the importance for all countries, in particular the developing countries, to make optimum economic use of their natural resources in order to strengthen their economic development,

Taking note of the report of the Secretary-General on permanent sovereignty over natural resources and the comments made thereon by the Committee on Natural Resources at its tenth session,

Taking into account the work done in other forums of the United Nations system regarding permanent sovereignty over natural resources,

1. Reaffirms the importance of the ongoing work of the Commission on Transnational Corporations on a code of conduct on transnational corporations as it relates to natural resources;

2. Requests the Secretary-General to submit a concise report on permanent sovereignty over natural resources to the Committee on Natural Resources at its eleventh session, bearing in mind the comments made by the Committee at its tenth session.