The Venezuelan leader, President Carlos Andres Perez, said and the United Nations on Tuesday (16 November) that members of the Organisation of Petroleum Exporting Countries -- that's OPEC -- of which Venezuela is a member -- should establish a special fund to offset the impact of price rises on poorer countries.
SV United Nations Secretary-General Kurt Waldheim meets President Perez of Venezuela at U.N. headquarters
GV Delegates in General Assembly
SV Perez addressing U.N. assembly in Spanish
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Background: The Venezuelan leader, President Carlos Andres Perez, said and the United Nations on Tuesday (16 November) that members of the Organisation of Petroleum Exporting Countries -- that's OPEC -- of which Venezuela is a member -- should establish a special fund to offset the impact of price rises on poorer countries.
SYNOPSIS: President Perez was welcomed to the United Nations by the Secretary-General, Dr. Kurt Waldheim. The Venezuelan leader then went to the General Assembly where he addressed delegates about OPEC.
President Perez said the oil-producing states had for the first time given the third world the power to negotiate with the industrialised nations. He said the rise in oil prices was not for the selfish benefit of the members of OPEC, but the irrevocable decision to dignify the terms of trade. President Perez said it also conferred true value on raw materials and other primary commodities of the third world nations.
The Venezuelan leader added that international intrigue fostered by trans-national business interests and some developed countries has spread the myth that the oil-producing states were responsible for world inflation. He said the truth was that the position adopted by OPEC was contributing decisively to opening up a dialogue between developed and developing nations such as the so-called North-South preparatory conference taking place in Paris, France. At a new conference later, President Perez said any future oil price increase would be linked to decisions taken at next month's full Paris talks between developed and developing countries. When asked about the size of an oil price rise expected to be announced at a Middle East meeting of OPEC ministers in Qatar in mid-December, he said any future increase would be directly connected with the decisions taken at the North-South talks in Paris.
President Perez said any price rise would also be related to the imbalance between the price of oil and the imbalance between the price of oil and the increase in the price of manufactured and capital goods.