of international legal rules and princip les, .:ind should accordi119Jy be deleted. It would be enough to retain the phrase "generally recognized" which had a clear technical connotation. With a further amendment, which was purely edil:.orial, paragraph 49 should read as follows: "In all matters relating to the code, States shall fulfil, in good faith, their international obligations,· including those arising from generally recognised international legal rules and principles." . I ••• EiC .10/1990/ 5 English Page 30 The amended text commanded general support, but other alternative formulatio ns were suggested, namely: "In all matters relating to the code States shall fulfil, in good faith, their obligations under international law." and ''In all matters relating to the code, States shall fulfil, in good faith, their international obligations". With regard to those formulations, it was pointed out that the terms "international obligations" or "obligations under international law" should not be construed as implying the internationalization of all obligations, such as obligations arising under contracts between States and ~ransnational corporations. 2. Non-interference in internal political affairs The importance of prohibiting transnation al corporation interference in the national affairs of host States was acknowledged. A question was raised as to whether the concept of non-interference was feasible since it could imply severe limitations on normal business relations between a transnational corporati on and its host State. However, it was the overwhelming sense of the symposium that the formulations of the code -namely, paragraphs 16 and 17 of the Chairman's draft - accommodated any legitimate corporate activities in the host State and were broad enough to encompass the divergent policies and practices of host countries in that regard. The said paragraphs 16 and 17 read as follows: ''16, Transnational corporations shall not interfere in the internal affairs of 
**Analysis**
The text appears to be discussing the development of a code of conduct for transnational corporations, focusing on their obligations and responsibilities towards host states and international law. The topics covered include the corporation's obligations under international law, non-interference in internal political affairs, and the need for broad formulations to accommodate diverse policies and practices.

**Category**
International trade, Industry