G77 issues Caracas Declaration at its 25th anniversary

The sixth summit advanced anti-colonial solidarity and economic cooperation while members also debated the movement’s direction during the Cold War.

The G77 high-level conference adopted measures for economic cooperation among developing countries in trade, technology, finance and other fields.

The General Assembly adopted the Declaration on the Right to Development, linking people’s participation and self-determination to economic and social rights.

The Agreement on the Global System of Trade Preferences among Developing Countries was signed in Belgrade to promote trade concessions within the South.

The GSTP became operational, providing a treaty framework for preferential trade among participating developing countries.

African heads of state adopted a treaty to deepen regional integration and build an African Economic Community in stages.

The treaty’s legal commencement advanced the framework for African economic integration envisaged in 1991.

Developing countries reaffirmed the group’s founding commitments to solidarity, economic cooperation and fairer international relations.

Its founding agreement entered into force, creating a research and policy institution owned by developing countries to support collective action.

The group’s ministerial conference adopted a declaration and action plan on trade, investment and finance among developing countries.