legalaspects ofnewformsofindustrial co-operation. International countertrade contracts: Parttwo:Buyback". TheWorking Partyrequested the Secretariat toprepare forthethirty-fifth session oftheWorking Partya new version ofdocument TRADE/WP.S/R.4, reflecting thedeliberations ofthe Working Partyatitsthirty-fourth session. TheWorking Partyalsohada general discussion onthepartoftheGuidewhichdealswithinternational co-production andmarketing contracts. Itrequested theSecretariat to prepare adraftonthatpartoftheGuideforthethirty-fifth session ofthe Working Party(TRADE/WP.S/30). 13.TheWorking Partyhelditsthirty-fifth session from27to29 November 1989.TheWorking Partyhadbeforeit,interalia,a newversion ofthe document "Guideonlegalaspects ofnewformsofindustrial co-operation. International Countertrade Contracts: Introduction; PartOne: Counterpurchase" (TRADE/WP.S/R.4/Rev.l) anda newversion ofthedocument "Guideonlegalaspects ofnewformsofindustrial co-operation. International Countertrade Contracts: PartTwo:Buyback" (TRADE/WP.S/R.S).••AI.GN.9/336 English Page11 TheWorking Partyrequested theSecretariat toprepare forthethirty-sixth session oftheWorking Partyafinalversion ofdocument TRADEIWP.5/R.4/Rev.l, anda newversion ofdocument TRADE/WP.5/R.5, bothreflecting the deliberations oftheWorking Partyatthethirty-fifth session (TRADE/WP.5132). 3.UNCTAD 14.Atitsfourthsession heldfrom18to29 November 1985,theUNCTAD Committee onEconomic Co-operation amongDeveloping Countries requested the UNCTADSecretary-General tostudyandevaluate thecontribution thattrade practices suchascountertrade, jointimportprocurement, longtermcontracts, buy-back arrangements, andsimilar arrangements couldmaketotradeexpansion andpromotion amongdeveloping countries andtorecommend ways andmeansto ensurethatsuchcontribution wouldbepositive (resolution 2(a)(iii». In accordance withthatresolution, theUNCTADSecretariat hasbeenundertaking a numberoflegalstudies andotheractivities, suchas:"Countertrade policies andpractices byselected African andLatinAmerican Countries" (UNCTAD/ST/ECDC/32); "Countertrade -Background notebytheUNCTAD Secretariat" (TD/B/C.7/82); "Countertrade policies andpractices inselected AsianCountries" (UNCTAD/ECDC/176/Corr.1); "Countertrade regulations in selected developing countries" (UNCTAD/ECDC/200); AsianandPacific regional workshop oncountertrade, heldatBeijing, China, from30 November to6 December 1987(UNCTAD/ECDC.192); Afro-Latin American Seminar ontrade expansion through countertrade andothernon-traditional methods, heldinRio deJaneiro, Brazil from7to11August 1989(UNCTAD/ECDC/205). Inaddition, theUNCTADSecretariat ispreparing astudyoftypology ofmodelcontract clauses forcountertrade andisorganizing anadhocexpertgroupmeeting in ordertoadvisetheSecretariat onmodelcontractual clauses ofcountertrade andrelated legislation andonmethods offinancing ofcountertrade. D.UNIDROIT: principles forinternational commercial contracts 15.TheUNIDROIT StudyGroup on progressive codification ofinternational tradelawcontinued itsworkongeneral principles applicable tointernational commercial contracts. The Group helditstwelfth meeting from3to7July 1989. Themeeting examined therevised articles anddraftexplanatory report ofChapter V,Section I:performance ingeneral, andapproved thearticles in theirfinalversion. Thenextsession oftheWorking Groupwillbeheldin Romefrom30Aprilto5May1990andwillbedevoted toanexamination ofthe revised draftarticles anddraftexplanatory reportofChapterIll: Interpretation, ofChapter V,Section 2:Hardship andofChapters VI,Section 1:General provisions onnon-performance (UNIDROIT 1990 CD.69~Doc.6). E. ICC: liquidated damages andpenalty clauses 16.The ICC Commission onInternational Commercial Practice hascompleted a guideon"Liquidated Damages andPenalty Clauses" (ICCPublication No.478). TheGuideexamines thestateofthelawonliquidated damages andpenalty clauses insomeofthelegalsystems mostimportant tointernational trade.
**Analysis**
The text appears to be discussing various international agreements, contracts, and guidelines related to trade and commerce. It mentions the United Nations Conference on Trade and Development (UNCTAD), the International Chamber of Commerce (ICC), and the UNIDROIT Study Group on progressive codification of international trade law. The text also references specific documents and studies on international countertrade contracts, buyback arrangements, and liquidated damages and penalty clauses. These topics suggest a strong focus on international trade and commerce, with potential implications for economic development.

**Category**
International trade