Regarding financing of the development of developing countries...

"All efforts should be made to reform the international monetary system with …the following objectives:

"(h) promote an increasing net transfer of real resources from [America] the developed to the developing countries;…

"IV (a) To formulate an international code of conduct for the transfer of technology [from America] corresponding to needs and conditions prevalent in developing countries…

"(e).... Preferential treatment should be given to imports and the exports of those [developing] countries;…

"2. Developed countries [America/Americans] should support …developing countries through the extension of financial and technical assistance.

"IX. Strengthening The Role of the U.N. System in the Field of International Economic Co-operation

…all member States [including America] pledge to make full use of the UN system in the implementation of the present "Programme of Action", …in working for the Establishment of a New International Economic Order and thereby strengthening the role of the UN in the field of world-wide cooperation for economic and social development.

"The General Assembly adopts the following Special Programme.

"(a)...to resolve these outstanding problems through a fundamental restructuring of the world economic system, in order to allow these countries… to reach an acceptable level of development.

"(e)…all the developed countries [America]… should be contributing according to their level of development and the capacity and strength of their economies.

"(f) … Their assistance …should fulfill and if possible exceed the targets of the International Development Strategy..."

Bear in mind, all the financial help being demanded from America and other developed countries will come from the blood, sweat and tears of all working people. Third world -- developing nations -- are stripped of their natural resources via debt-for-equity loans from the I.M.F which we fund and the have-nots of the world are chained to our backs.

WORLD TRADE ORGANIZATION (WTO) 1994

Changes to or expansion of the original terms of GATT are made through "Rounds" of negotiations. Generally a Round takes 3 to 4 years. There have been 7 Rounds to date. The Rounds are named for the location at which negotiations were begun. The present rules of GATT were negotiated through the Tokyo Round in which GATT was first expanded to include non-tariff barriers. This last, the Uruguay Round, took 8 years and will create the World Trade Organization, another cell of the United Nations.

The WTO has the power to challenge and negate any American law, or any other member nation's law, that it claims interferes with trade; this applies at the local, state and federal levels… regardless what rules are added in the U.S. implementing legislation.

STATES' SOVEREIGNTY - AMERICAN SOVEREIGNTY UNDER G.A.T.T.

According to Senator Hollings in the Congressional Record 10-7-94:

"[Trade] Ambassador [Mickey] Kantor claims our sovereignty is protected because Section 102 of the implementing bill provides that 'No provision of the Uruguay round nor the application of it that is inconsistent with any law of the U.S. shall have effect'. That is just talk. The dispute resolution panels under the WTO meeting in secrecy in Geneva, will not care one hoot about what section 102 of our implementing bill says.

"A panel can declare our Federal, State and local laws inconsistent with the rules of GATT, and -- unlike the current GATT regime -- there will be two powerful incentives for the U.S. to change our laws.

"First, we'll no longer be able to block a panel decision because under the new rules there must be consensus… and there will be strong political pressure to fall in line with whatever the WTO says.

"Second, the new rules authorize cross-retaliation, so for example if another country brings a successful challenge against a U.S. environmental regulation, that country can retaliate against U.S. intellectual property. We all know the result would be a massive lobbying effort by the U.S. intellectual property industries to lobby Congress to weaken environmental laws.

"The pressure to change our laws are great under the current rules despite our current ability to block panel reports and the current unavailability of cross-retaliation. I'm well aware there were voices within the current administration arguing that the U.S. should amend the Marine Mammal Protection Act to conform to the two GATT panel decisions finding it 'GATT-illegal'.

"Ambassador Kantor points out that the first sentence of article IX of the WTO rules says the WTO will operate by consensus. He needs to read a little further, because the second sentence says that, 'where a decision cannot be arrived at by consensus, the matter shall be decided by voting'.

"Here is where I have tremendous concern over the procedures of the WTO. It will be a commercial U.N. with each of the 117 nations having one vote. The U.S. will have the same voting power [no veto power] as Cuba, Sri Lanka or Macau. Castro's vote cancels ours. Over half of these 117 nations have voted against us 75% of the time in the U.N."