A UNITED NATIONS General Assembly Distr. GENERAL A/RES/54/204 25 January 2000 Fifty-fourth session Agenda item 98 (b) RESOLUTION ADOPTED BY THE GENERAL ASSEMBLY [on the report of the Second Committee (A/54/586)] 54/204. Business and development The General Assembly, Reaffirming its resolutions 52/209 of 18 December 1997 on business and development and 51/191 of 16 December 1996 on the United Nations Declaration against Corruption and Bribery in International Commercial Transactions, Noting the adoption of relevant conventions by the International Labour Organization relating to labour, Recalling the successful outcome of the World Summit for Social Development, including the commitments contained in the Copenhagen Declaration on Social Development1 and the Programme of Action of the World Summit,2 and calling for the implementation of those commitments, Noting the important efforts of the United Nations system to facilitate the active and constructive involvement of the private sector in the development process and the efforts of the Secretary-General to create partnerships with the private sector in this regard, Recognizing the sovereign right of each State to decide on the development of its private and public sectors in accordance with its priorities, 1 Report of the World Summit for Social Development, Copenhagen, 6-12 March 1995 (United Nations publication, Sales No. E.96.IV.8), chap. I, resolution 1, annex I. 2 Ibid., annex II. 00 25170 /...