Zaire's Foreign Affairs Commissioner Mandungu Bula Nyati has told the special session of the U.N.'s?
GVS United Nations Building (2 shots)
TRANSCRIPT: Mr. NYATI: "Enabling the undeveloped countries to decide freely, just how they are to develop and to give foreign investor guarantees expected in the international market is an aim aided by sovereignty. This sovereignty will permit: a.) permanent and harmonious consultation between consumers and producers of raw materials; b.) the establishment of an adequate price control commission for prices of these materials, based on the principal commission for prices of these materials, based on the principal of price stability; c.) the constitution of liquid and flexible stocks to regulate companies controlling these materials. It is evident that in providing the producers with a healthier economic climate by using the mentioned measures, that the sovereignty of the underdeveloped countries will prevent the international market from falling into..in the words of President Mobutu .. the wild jungle which only profits the industrialised countries and penalises the underdeveloped countries.")
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This film is serviced with parts of Mr. Nyati's speech in French speech.
Script is copyright Reuters Limited. All rights reserved
Background: Zaire's Foreign Affairs Commissioner Mandungu Bula Nyati has told the special session of the U.N.'s General Assembly on World Economic Problems that underdeveloped countries must be given the freedom to determine their own futures.
Mr. Nyati told the assembly on Thursday (4 September) that the development of poorer nations was being retarded by both industrialised and oil-producing countries.
He said many countries, would have to abandon "a certain selfishness which characterises them" if the plight of underdeveloped nations was to be solved.
He added that the comfort of people in industrialised countries depended on the misery of those in poor countries.
But Mr. Nyati also said sovereignty in underdeveloped countries helped stability and foreign investment. The Foreign Commissioner claimed sovereignty prevented the international market from falling into "the wild jungle which only penalises the underdeveloped peoples."