FINAL COMMUNIQUÉ

OF THE ASIAN-AFRICAN CONFERENCE

Bandung, 24 April 1955

X http://www.issafrica.org/AF/RegOrg/unity_to_union/pdfs/asiaafrica/bandung55.pdf (external link)

The Asian-African? Conference, convened upon the invitation of the Prime Ministers of Burma,Ceylon, India, Indonesia and Pakistan, met in Bandung from the 18th to the 24th April, 1955. In addition to the sponsoring countries the following 24 countries participated in the Conference: 1. Afghanistan 2. Cambodia 3. People's Republic of China 4. Egypt 5. Ethiopia 6. Gold Coast 7. Iran 8. Iraq 9. Japan 10. Jordan 11. Laos 12. Lebanon 13. Liberia 14. Libya 15. Nepal 16. Philippines 17. Saudi Arabia 18. Sudan 19. Syria 20. Thailand 21. Turkey 22. Democratic Republic of Vietnam 23. State of Vietnam 24. Yemen

The Asian-African? Conference considered problems of common interest and concern to countries of Asia and Africa and discussed ways and means by which their people could achieve fuller economic, cultural and political co-operation.

A. ECONOMIC COOPERATION

1. The Asian African Conference recognized the urgency of promoting economic development in the Asian-African? region. There was general desire for economic cooperation among the participating countries on the basis of mutual interest and respect for national sovereignty. The proposals with regard to economic cooperation within the participating countries do not preclude either the desirability or the need for cooperation with countries outside the region, including the investment of foreign capital. It was further recognized that the assistance being received by certain participating countries from outside the region, through international or under bilateral arrangements, had made a valuable contribution to the implementation of their development programmes.

2. The participating countries agreed to provide technical assistance to one another, to the maximum extent practicable, in the form of: experts, trainees, pilot projects and equipment for demonstration purposes; exchange of know-how and establishment of national, and where possible, regional training and research institutes for imparting technical knowledge and skills in cooperation with the existing international agencies.

3. The Asian-African? Conference recommended: the early establishment of the Special United Nations Fund for Economic Development; the allocation by the International Bank for Reconstruction and Development of a greater part of its resources to Asian-African? countries; the early establishment of the International Finance Cooperation which should include in its activities the undertaking of equity investment; and encouragement to the promotion of joint ventures among Asian-African? countries in so far as this will promote their common interest.

4. The Asian-African? Conference recognized the vital need for stabilizing commodity trade in the region. The principle of enlarging the scope of multilateral trade and payments was accepted.

However, it was recognized that some countries would have to take recourse to bilateral trade arrangements in view of their prevailing economic conditions.

5. The Asian-African? Conference recommended that collective action be taken by participating countries for stabilizing the international prices of and demand for primary commodities through bilateral and multilateral arrangements and that as far as practicable and desirable they should adopt a unified approach on the subject in the United Nations Permanent Advisory Commission on International Commodity Trade and other international forums.

6. The Asian-African? Conference further recommended that: Asian-African? countries should diversify their export trade by processing their raw material, wherever economically feasible, before export; intra-regional trade fairs should be promoted and encouragement given to the exchange of trade delegations and groups of businessmen; exchange of information and of samples should be encouraged with a view to promoting intra-regional trade; and normal facilities should be provided for transit trade of land-locked countries.

7. The Asian-African? Conference attached considerable importance to Shipping and expressed concern that shipping lines reviewed from time to time their freight rates, often to the detriment of participating countries. It recommended a study of this problem, and collective action thereafter, to induce the shipping lines to adopt a more reasonable attitude. It was suggested that a study of railway freight of transit trade might be made.

8. The Asian-African? Conference agreed that encouragement should be given to the establishment of national and regional banks and insurance companies.

9. The Asian-African? Conference felt that exchange of information on matters relating to oil, such as remittance of profits and taxation, might eventually lead to the formulation of common policies.

10. The Asian-African? Conference emphasized the particular significance of the development of nuclear energy for peaceful purposes, for the Asian-African? countries. The Conference welcomed the initiative of the Powers principally concerned in offering to make available information

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