A UNITED NATIONS General Assembly Distr. GENERAL A/RES/51/167 26 February 1997 Fifty-first session Agenda item 94 (c) RESOLUTION ADOPTED BY THE GENERAL ASSEMBLY [on the report of the Second Committee (A/51/602)] 51/167. International trade and development The General Assembly, Recalling its resolutions 50/95 and 50/98 of 20 December 1995, as well as relevant international agreements concerning trade, economic growth, development and interrelated issues, Emphasizing the importance of an open, rule-based, equitable, secure, non-discriminatory, transparent and predictable multilateral trading system, Emphasizing also that a favourable and conducive international economic and financial environment and a positive investment climate are necessary for the economic growth of the world economy, including the creation of employment, in particular for the growth and development of the developing countries, and emphasizing further that each country is responsible for its own economic policies for sustainable development, Noting with satisfaction the highly successful outcome of the ninth session of the United Nations Conference on Trade and Development, held at Midrand, South Africa, from 27 April to 11 May 1996, and the strengthened spirit of genuine partnership and solidarity that emerged therefrom, Expressing its deep gratitude to the Government and the people of South Africa for the hospitality extended to the participants in the ninth session of the United Nations Conference on Trade and Development, Welcoming with appreciation the generous offer made by the Government and the people of Thailand to host the tenth session of the United Nations Conference on Trade and Development in the year 2000, 97-76915 /...