The Iranian representative to the United Nations Conference on Trade and Development - Industry and Mines Minister, Mr.
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.