A/RES/57/5 2. Reaffirms that all peoples have the right to self-determination and that by virtue of that right they freely determine their political status and freely pursue their economic, social and cultural development; 3. Expresess its deep concern at the negative impact of unilaterally imposed extraterritorial coercive economic measures on trade and financial and economic cooperation, including at the regional level, because they are contrary to recognized principles of international law and pose serious obstacles to the freedom of trade and the free flow of capital at the regional and international levels; 4. Reiterates its call for the repeal of unilateral extraterritorial laws that impose coercive economic measures contrary to international law on corporations and nationals of other States; 5. Again calls upon all States not to recognize or apply unilateral extraterritorial coercive economic measures imposed by any State, which are contrary to recognized principles of international law; 6. Requests the Secretary-General to submit to the General Assembly at its fifty-ninth session a report on the implementation of the present resolution; 7. Decides to include in the provisional agenda of its fifty-ninth session the item entitled “Elimination of unilateral extraterritorial coercive economic measures as a means of political and economic compulsion”. 31st plenary meeting 16 October 2002 2