A UNITED NATIONS General Assembly Distr. GENERAL A/RES/53/174 19 January 1999 Fifty-third session Agenda item 91 (c) RESOLUTION ADOPTED BY THE GENERAL ASSEMBLY [on the report of the Second Committee (A/53/606/Add.3)] 53/174. Commodities The General Assembly, Recalling its resolutions 45/200 of 21 December 1990, 47/185 of 22 December 1992, 48/214 of 23 December 1993 and 51/169 of 16 December 1996, and stressing the urgent need to ensure their full implementation, Recognizing that in many developing countries, in particular African countries and least developed countries, the commodity sector remains the principal source of export revenues and of the creation of employment, income and savings, as well as a driving force of investment and a contributor to growth and development, Expressing deep concern about the negative effects of recent unfavourable weather conditions on the supply side of commodity-dependent countries and the effects of the financial crisis on the demand for commodities, as well as the continuing decline of commodity prices, which adversely affect the economic growth of commodity-dependent countries, especially in Africa, Concerned about the difficulties experienced by the developing countries in financing and implementing viable diversification programmes and in attaining access to markets for their commodities, Emphasizing the necessity for the developing countries, in particular African countries and least developed countries, for a domestic industrial transformation of their commodity production with a view to enhancing productivity and stabilizing and increasing their export earnings, thus promoting the sustainable economic growth of developing countries in their integration into the global economy, 99-76285 /...

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