must adequately address these negative developments, so that the growing trade disparities and imbalances between our economies may be rectified. Our immediate attention to prevailing trade problems is particularly important and necessary at this time, when there is growing integration of the world economy through international trade and financial activities. Many of our developing countries are either land-locked or sea-locked island countries. Their economies are basically agricultural, dependent on the export of primary and semi-processed products to unfavourable markets overseas. Their need to derive foreign exchange in order to purchase essential intermediate products and materials from overseas markets is paramount. They need to develop their domestic infrastructures and broaden their industrial and manufacturing bases, so that their economies can provide the necessary goods and services to the masses of people in their villages in the rural areas. JVM/13 A/S-18/PV. 9 52 (Mr; Lohia , Papua New Guinea ) In this regard, the need for vital and adequate for eiqn-exchanqe earninqs from international trade, foreign investment and official development assistance to developing countries is essential. The adequate availability of these resources can and would enable the developing countries to determine their economic policy directions towards achieving sustainable economic growth. These will also bring additional revenue for them to create further employment opportunities for the masses of their people, as well as the necessary social benefits. Papua New Guinea has been able to sustain a modest economic growth through a broad and sound economic-management strategy, assisted by a diversified trade and development policy. We could do better if the terms of trade in the international markets were equal or better. The developing countries need the assistance and support of the international community in increasing their level of international trade. Every effort must be made by the international community to reduce international trade imbalances between the developed and developing countries by 
**Analysis**
The text discusses the economic challenges faced by developing countries, particularly those that are land-locked or sea-locked island countries, and the need for international cooperation to address trade imbalances and promote sustainable economic growth. The text highlights the importance of international trade, foreign investment, and official development assistance in enabling developing countries to determine their economic policy directions and achieve sustainable economic growth.

**Category**
Economic development, International trade