a to have the courage to explain clearly to their public opinion that the necessary international redistribution of resources will entail a curtailing of economic growth which may be unacceptable unless it corresponds with a change in society in our countries, implying a more equitable distribution of income and wealth, and a real improvement in the quality of life ;
b to co-ordinate effectively their economic policies at the appropriate European and wider international level, with a view to stimulating productive investment and bringing about a better balance between the growth of expenditure and production, whilst taking into account the differing situations in the various sectors of the economy ;
c to apply selective employment and social policies for those sectors of the economy particularly hit by the present economic recession and/or by anti-inflationary measures ;
d to use the Council of Europe to concert those aspects of these policies for which this organisation is particularly competent, such as non-discrimination between indigenous and immigrant workers, retraining, social legislation ;
e to pursue the reform of the international monetary system, and to support the current initiatives for the setting up of multilateral medium-term financing arrangements in the framework of EEC and IMF designed to finance balance-of-payments' deficits ;
f to avoid having recourse to unilateral measures of trade restrictions and artificial export stimulations, in accordance with the declaration adopted by the Council of OECD on 30 May 1974 ;
g to take the initiative within the Council of OECD to extend this agreement beyond its date of expiration (30 May 1975) ;
h to co-ordinate their energy policies- through the appropriate international agencies- so as to decrease significantly their reliance on oil imports, in particular by intensifying their medium and long-term co-operation in the fields of research and development, uranium enrichment and rational utilisation of energy ;
i to foster the present trade negotiations within GATT, in particular with a view to decreasing substantially trade distortions created by non-tariff barriers ;
j to facilitate the dialogue between industrialised countries, oil-exporting countries and oil-poor developing countries, with a view to finding solutions to the specific problems of these three groups of countries through constructive long-term economic, monetary and technical co-operation ;
k to promote, in particular within UNCTAD, the definition of a set of agreed rules on the distribution of world income which can be obtained from a prosperous and open world economy.
