New International Economic Order (NIEO)
- Most-favoured-nation treatment (MFN) — Developing countries
Published under the auspices of the Max Planck Foundation for International Peace and the Rule of Law under the direction of Rüdiger Wolfrum.
1 The establishment of a New International Economic Order (‘NIEO’) was officially endorsed by consensus of the UN General Assembly at its Sixth Special Session on 1 May 1974. In Resolution 3201 ‘Declaration on the Establishment of a New International Economic Order’, UN members ‘solemnly’ proclaimed their ‘united determination to work urgently for the Establishment of a New International Economic Order based on equity, sovereign equality, interdependence, common interest and cooperation among all States, irrespective of their economic and social systems which...