freely and without external interferencei and to strengt.hen the collecEive economic security of States in order to eliminate economic aggression and pressure. 8. Some of these principles already form Ehe basis of existing internat,ional economic law, and others are gradually being embodied in agreements concluded between States. The codification ot norms in this area must Eherefore be sequential and reflecb the extent to which particular progressive norms are embodied in the treaty practices of States. 9. It seems to us that this task nay be entrusted to the United Nations International Law Commission, which has the necessary nachinery as well as experts who possess the experience and knowledge needed to solve this problem. 10. There is no greater task today than to preserve peace on earth, remove the threat, of nuclear !rar, halt the arms race and go on to reduce armaments. This is also the most important. condition for improving the international economic situation, for the interdependence between social and economic development and disarmament is obvious. The release of the resources expended on the arms race will open up new and addit.ional possibilities for financing development and for solving the global economic problems facinE mankind. 11. Only under conditions of peace can progress be achieved in solvinE the problems connected with the establishment of a new international econonic order. L2. AccordinEly, a codification of these norms and principles has our countryrs support because it will contribute to elirninat.ing inequality in the economic participation of the developing countries, as well as obtaining greater develoPment assistance as a right, and to reaping t,he benefits ot technical and scientific proEress. In this way, the community of States will establish a new international economic order based upon the principles of fairness and justice in their economic rela t ions. GERMAN DEI'IOCRATIC REPUBLIC lOriginal: Englishl [22 August 1985]
**Analysis**
The text discusses the importance of codifying international economic law to promote peace, reduce economic aggression, and ensure collective economic security. It highlights the need for a new international economic order that is fair and just, and emphasizes the importance of disarmament and development. The text also mentions the role of the United Nations International Law Commission in this process. These themes suggest that the text is primarily focused on economic development and international trade.

**Category**
Economic development, International trade