1. The German Democratic Republic considers the resErucEuring of internaEional economic relations on an equitable and democratic basis and the establishment of a new internat.ional economic order to be among the urgent tasks of the present day' which bears upon the vital interests of all peoples. It realizes that the acconplishment of that task is a conplex and long-term process, involving the relat.ions among nations, and that it must aim to establish such international economic relations as would allow the countries of the world to develop their economies globally and to advance in development under eonditions of peace and co-operation on Eerms of equality and Eo mutual advantage.A/40/446/Add. I English Page 4 2. The process of restructuring international economic relations is inseparably linked with guestions of safeguarding peace and disarmanent. In the DeclaratiQn of the member countries.of the Council for Mutual Economic Assistance (CMEA), under the heading "safeguarding Peace and International Economic Co-operation" of 14 June 1984, those countries reaffirmed their view that the fuelling of the arms race "is one of the main causes of the growing political and eeonomic instability in the world. ft increases the threat of nuclear nar, jeopardizes mankindrs very existence and is an ever heavier burden on the peoples of the oorld beeause it diverts huge material and financial resources and slows down econonic and social progress". This must be pointed out even more emphatically in the face of the existinq plans and activities for the militarization of outer space which, if inplemented, would lead to the further esealation of the arms race and its extension into new spheres, thus aggravating the international situation. In the view of the Gernan Democratic Republic, therefore, the effort to restructure the international economic relations on an equitable and democratic basis and to establish a new international economic
**Analysis**
The text discusses the restructuring of international economic relations, the establishment of a new international economic order, and the importance of safeguarding peace and disarmament. It highlights the impact of the arms race on the economy and the need for cooperation among nations to achieve economic development and progress. The text does not specifically mention natural resources, agriculture, forestry, fishing, health, education, employment, humanitarian aid, culture, or science and technology.

**Category**
Economic development, International trade