A/RES/61/32 1. Takes note with appreciation of the report of the United Nations Commission on International Trade Law on the work of its thirty-ninth session;1 2. Commends the Commission for the finalization and adoption of revised articles 2 of the Model Law on International Commercial Arbitration of the United Nations Commission on International Trade Law 3 on the form of the arbitration agreement and interim measures, and of the recommendation regarding the interpretation of article II, paragraph 2, and article VII, paragraph 1, 4 of the Convention on the Recognition and Enforcement of Foreign Arbitral Awards, done at New York, 10 June 1958; 5 3. Also commends the Commission for the approval of the substance of the recommendations of the draft legislative guide on secured transactions, which has been designed to facilitate secured financing, thus promoting increased access to low-cost credit and enhancing national and international trade; Welcomes the progress made by the Commission in its work on a revision 4. of its Model Law on Procurement of Goods, Construction and Services, 6 and on a draft instrument on transport law, and endorses the decision of the Commission to take up new topics in the areas of arbitration and insolvency law; Endorses the efforts and initiatives of the Commission, as the core legal 5. body within the United Nations system in the field of international trade law, aimed at increasing coordination of and cooperation on legal activities of international and regional organizations active in the field of international trade law, as well as promoting the rule of law at the national and international levels in this field, and in this regard appeals to relevant international and regional organizations to coordinate their legal activities with those of the Commission, to avoid duplication of efforts and to promote efficiency, consistency and coherence in the modernization and harmonization of international trade law; Reaffirms the importance, in particular for developing countries, of the 6. work of the Commission concerned with technical assistance and cooperation in the field of international trade law reform and development, and in this connection: (a) Welcomes the initiatives of the Commission towards expanding, through its secretariat, its technical assistance and cooperation programme; (b) Expresses its appreciation to the Commission for carrying out technical assistance and cooperation activities in Belarus, Benin (for the United Nations Conference on Trade and Development/World Trade Organization International Trade Centre seminar), Colombia, Egypt, the Republic of Korea, Singapore, Slovakia and Switzerland (for the United Nations Conference on Trade and Development/World Trade Organization International Trade Centre symposium on multilateral trade treaties and developing countries) and for providing assistance with legislative drafting in the field of international trade law to China, Georgia, Greece, Malaysia, Peru, Rwanda (through the joint project with the International Law Institute), Serbia, Slovenia and the former Yugoslav Republic of Macedonia, and to the Commonwealth Telecommunications Organisation; _______________ 2 Ibid., chap. IV, para. 181, and annex I. Ibid., Fortieth Session, Supplement No. 17 (A/40/17), annex I. 4 Ibid., Sixty-first Session, Supplement No. 17 (A/61/17), chap. IV, para. 181, and annex II. 5 United Nations, Treaty Series, vol. 330, No. 4739. 6 Official Records of the General Assembly, Forty-ninth Session, Supplement No. 17 and corrigendum (A/49/17 and Corr.1), annex I. 3 2