A/RES/50/94 Page 2 Recognizing also the important role of industrialization in promoting sustained economic growth and sustainable development in Africa in the context of the United Nations New Agenda for the Development of Africa in the 1990s, 4/ Recognizing further the importance of intercontinental, interregional, regional and subregional cooperation in the implementation of the programme for the Second Decade, Noting the far-reaching implications of the fundamental developments in the international environment for development cooperation, including the conclusion of the Uruguay Round of multilateral trade negotiations, and for the implementation of the programme for the Second Decade, as well as the need for concerted national and international action to enable African countries to cope with the challenges posed by, and benefit fully from, the opportunities provided by recent developments in international trade, among other things, and the role of the United Nations Conference on Trade and Development in this regard, Emphasizing the continuing need for the mobilization of adequate resources through domestic and international initiatives for the implementation of the programme for the Second Decade, including a favourable climate for foreign direct investment, private sector development, small and medium-sized enterprises and enhanced market access, Recognizing the need for African countries to use both human and financial resources more effectively in the process of industrialization, Noting with appreciation the various regional and subregional initiatives and meetings that have taken place, including the Conference of African Ministers of Industry, held at Gaborone from 6 to 8 June 1995, and the contribution made by the United Nations Industrial Development Organization in convening and organizing industrial investment forums aimed at the implementation of the programme for the Second Decade, 1. Takes note of the report of the Secretary-General on the implementation of the programme for the Second Industrial Development Decade for Africa (1993-2002); 5/ 2. Emphasizes the importance of industrial development cooperation and a positive investment and business climate, at the international, regional, subregional and national levels, in promoting the expansion, diversification and modernization of productive capacities in developing countries; 3. Requests the United Nations system, in particular the United Nations Industrial Development Organization and the Economic Commission for Africa, as well as the Organization of African Unity and all other partners in the development process, to continue to play an active and more effective role in the implementation of the programme for the Second Decade, bearing in mind the undertakings made in this regard in the United Nations New Agenda for the 4/ Resolution 46/151, annex, sect. II. 5/ A/50/487. /...