Commission onTransnational CorpQrations ofissuesrelated tQtheactivities oftransnational banks, "Taking intoaccount thelinkage existing between theactivities of transnational banksontheonehand,andfinancial flowofresources to,and theexternal indebtedness cf,thedeveloping countries ontheother, "Requests theSecretary-General toprepare areport onthecontribution thattransnationa1 bankscouldmaketQwards asolution totheexternal debt crisisofdeveloping countries, inthecontext Qfrecentproposals forthe reduction ofthestockandservice ofdebt,forsubmission totheCommissiQn onTransnatiQnal Corporations atitssixteenth sessiQn." 135.Atits13thmeeting, on14April,theCommission hadbeforeitadraft resolution (E/C.10/1989/L.14), submitted bytheChairman oftheCQmmission onthe basisofinformal consultations heldondraftresolution E/C.10/1989/L.IO. 136.Atthesamemeeting, theChairman madeastatement inwhichhewithdrew draft resolution E/C.10/1989/L.14. 137.Alsoatthesamemeeting, therepresentative ofSwitzerland madeastatement inwhichhereintroduced draftresolution E/C.lO/1989/L.14. 171Inaccordance withrule72oftherulesofprocedure oftheEconomic and SocialCouncil. "; -51- BestHardCopyAvailable J 138.Therepresentative oftheUnited Kingdom ofGreatBritain andNorthern Ireland madeastatement. 139.Theobserver forMalaysia, onbehalf oftheStates Members oftheUni~Jd Nations thataremembers oftheGroupof77,proposed amending thedraftresolution byinserting thewords"forsubmission totheCommission onTransnational Corporations atitssixteenth session" afterthewords"toprepare" inthe operative paragLaph. Thisamendment wasaccepted bythesponsor. 140.Therepresentative ofMexico proposed theaddition ofthewords"withserious debt-servicing problems" attheendofthelastpreambular paragraph andafterthe words"certain othercountries" intheoperative paragraph. Theamendment was accepted bythesponsor. 141.Therepresentative oftheUnited States ofAmerica madeastatement inwhich herequested aroll-call voteonthedraftresolution, asamended. 142.Atthesamemeeting, theCommission adopted draftresolution E/C.10/l989/L.14, asorally amended, byaroll-call voteof33to1,with1abstention {seechap.I, sect.A.,draftresolution VIII). Thevoting wasasfollows: Infavour: Brazil, Burundi, Byelorussian SovietSocialist Republic, Cameroon, China, Colombia, CostaRica,Cuba,Czechoslovakia, France, Gabon, German Democratic Republic, Germany, Federal Republic of,Ghana, India, Indonesia, Iran(Islamic Republic of), Iraq,Italy, Jamaic[', Japan, Mexico, Netherlands, Norway, Peru, Poland, Switzerland, Tunisia, Turkey, Uganda, UnionofSoviet Socialist Republics, United Kingdom ofGreatBrita.in andNorthern Ireland, Venezuela. Against: United States ofA~merica. 143.Afterthedraftresolution wasadopted, statements weremadebythe representatives ofCanada, Japan, Norway, France (onbehalf alsooftheFederal Republic ofGermany, Italy, theNetherlands andtheUnited Kingdom ofGreatBritain andNorthern Ireland) andtheUnionofSovietSocialist RepUblics. 144.Inthelightoftheadoption ofdraftresolution E/C.10/l989/L.14, draft resolution E/C.10/1989/L.lO waswithdrawn bythesponsors. B.Roleoftransnational corporations inotherservices !I 1I j..145.TheCommission considered item10(b)ofitsagendaatits6thand 7thmeetings, on10April1989.Ithadbeforeitthereport ofthe Secretary-General ontransnational corporations inservices otherthanbanking (E/C.I0/l989/l4). 146.Inintroducing theitem,theActing Assistant Director ofthePolicy Analysis andResearch Division oftheCentre referred tothepriorities andobjectives of developing countries whichformed thebackground totherelationships between developing countries andtransnational corporations inservices. Developing -52- countries hadfocused theirattention mainly oninfrastructural services catering"""""1 tobasicsocial needsorproviding support toagricultureandindustry. However, ~! somemiddle-income andhigher-income countries werebeginning toattachgreater ~j