134. Development Comoittee addressed mainly the lssues of internat.ional lrade andcapital f lo\'rs. on the first, there l,as a consensus thac proriferation andcontinuation of non-tariff barriers, especiarly those appried in a discriminaloryfashion' eere harmful to the nurtiraterar trading sysrem and impeded the qrowthprospects of all countries. Consequently, the Committee urged that unfinishedbusiness from the 1982 \,rork progranmes of GATT should be compreted and a new roundof trade negotiations be set under L'ay. On the issue of capital floes, the WorldBank was encouraged to undertake discussions on a possible increase in its capitalbase and also on the creation of a multilateral investment guarantee agency topromote investment flows. In addition, it welcomed the Speciat Facility forsub-saharan Africa in support of domestic poricy reform and suggested thar stepsshould be taken to enhance the developmental impact of export credits. 2. ceneral Agleement on Tarilfs and Trade 135' GATT informed the secretariat, by making relevant documents available, of therecent efforts to liberalize internatienal trade under GATT auspices. includingthose refl'ected in the Ministerial Declaralion of l{ovember 1982 and decisions takenA/40/704 English Page 32 at the fortieth session of the Contracting parties in November 1984. Referrj.ng to the need for consistency betneen international trade, [pnetary and financing sysCems and policies emphasized in General Assembly resolution 39/2L8, GATT also pointed out that it co-operated with the IMF in oatters relating lo trade and finance, particularly in areas of ba lance-of-payments restrictions, RecenEly. a study entitled "Trade policies for a better future: proposals for action", conmissioned by GATT and undertaken by a group of independenE experts, has been completed and released. 3. The United Nations Conferqnce on Trade and Development 136. UNCTAD emphasized the interdependence of recovery and development on the one hand and growth. changes in productive structures and trade on the other. It calLed for improvement of the mechanism for transmitting recovery among countriesi co-ordinated acCion in the fi.elds of debt, trade, finance and commodities; pol.icies for short-term recovery that woulal also contribute to long-term developoent i vigorous growth in the major developed countriesi and removal of the technoLogical, financial and other constraints facing developing countries. A number of specific policy proposals were put forward, (a) Measures to reduce the burden of officiat development assistance debl 137. Among the specific measures to reduce the burden of ODA debt, UIiICTAD suggesled the outright cancel-lation of the whole or part of existing bilateral ODA debti Che
**Analysis**
The text appears to focus on economic development, international trade, and finance. It discusses the issues of international trade, capital flows, and debt relief, which are all closely related to economic development. The text also mentions the World Bank, GATT, and UNCTAD, which are all organizations involved in international economic development and trade.

**Category**
International trade, Economic development