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Max Planck Encyclopedia of Public International Law [MPEPIL]

New International Economic Order (NIEO)

Giorgio Sacerdoti

From: Oxford Public International Law (http://opil.ouplaw.com). (c) Oxford University Press, 2021. All Rights Reserved.date: 26 January 2021

Subject(s):
Most-favoured-nation treatment (MFN) — Developing countries

Published under the auspices of the Max Planck Institute for Comparative Public Law and International Law under the direction of Professor Anne Peters (2021–) and Professor Rüdiger Wolfrum (2004–2020). 

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...
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