August 28, 1976 ween creation of liquidity and development finance.
The conference felt that only a confident spirit of collective self-reliance on the part of developing countries could guarantee the emergence of the New International Economic Order. Self-reliance implied a firm determination on the part of developing countries to secure their legitimate economic rights in international dealings through the use of their collective bargaining strength. It meant willingness to explore and pursue the im- WEST ASIA mense possibilities of co-operation among themselves in financial, technical, trade, industrial and other fields. The conference adopted an Action Programme on economic co-operation in raw materials, trade, monetary and financial matters, industrialisation, food and agriculture, fisheries, transport, telecommunication, insurance, public enterprises, health, technical co-operation and consultancy services, research and information system, private foreign investment, nuclear energy and international co-operation.