great deal of importance to our particiPation in various subregional and regional JB/24 A/S-18/PV.8 115 (Mr. Didi, Uqanda) economic groupings, such as the Preferential Trade Area, which covers countries of eastern and southern Africa, the Orqanization of African Unity and so on. Further, the imPlementation of the Caracas Proqramme of Action adopted in 1981 can enhance economic co-operation amonq developinq countries. Every effort should be made to translate declared objectives into practical co-operative actions. We commend the role of the South Commission in that reqard. The revitalization of the economic qrowth and develoPment of develoPinq \ countries must be a shared responsibility of all countries, develoPed and developing alike, as well as of international financial institutions. We must seize this opportunity to aqree on concrete measures that will OPen new avenues and opportunities for equitable and balanced international economic relations. This requires that the international community go beyond the level of simply makinq commitments and urgently provide the necessary tangible support. As we have had occasion to state at this rostrum, the critical challenqe before us is to shape the international economic environment in such a way that it 1dll be for the mutual benefit of everyone, in both develoPed and develoPinq countries alike.· RM/25 A/S-18/PV.S 116 Mr~ MONGBE (Benin) (interpretation from French): I take pleasure in once again conveying to the President my delegation's congratulations. The deleqation of Benin performed that pleasant task at the time of his unanimous election to the presidency last autumn, and at the sixteenth special session of the General Assembly devoted to the question of af.)artheid the deleqation of Benin also exPressed to him the pleasure it felt at seeinq him quide the work of the General Assembly with such competence, skill and expedition -qualities that also quarantee 
**Analysis**
The text appears to be discussing the importance of international economic cooperation, specifically in the context of developing countries. It mentions various economic groupings, the implementation of a program of action, and the need for tangible support to achieve equitable and balanced international economic relations. The tone suggests a focus on economic development and international cooperation.

**Category**
Economic development, International trade