text: specific guota. The exports of nany developirrg countries benefit substantially from the Conmunity's Scheme. It would obviously tend to undermine these arrangemenls if third St,ates, perhaps rnore highly developed, could put forward claims to sinilar duty-free access to the Community market on the basis of a fibst-f avoured-na tion clause. 4. Similarly under the Iorn6 Convention, a series of measures are provided by the Community for the benefit of developing countries in Africa, the Caribbean and the Pacific. 5/ Besides the provision of access to t,he Community market for t,he export,s of these countries under favourable terms, their economic development is aided under the Lorn6 Convention by the STABEX system, for exanple' a compensatory financing system linked to cornmodity exporEs. 9/ In view of the range and importance of the existing trading arrangements, any disturbance of these arrangements, or risk of calling then in question that could cause serious problems, for a substantial number of developing countries, is Eherefore to be avoided.A/40/444 English Page 21 5. In the light of iEs considerable practice in tbis area and the significance of t,hat pracEice for the Conmunityrs trading partners, notably the developing counlries, the Community would like to state, as it has on previous occasionsr that the drafE articles submitEed by the InEernational Law Commission do not in its view deal appropriately with a number of points, of which the following are Ehe rnost important. 6. First, the draft articles do not include express recognition of Ehe well-known principle that the existence of a npst-favoured-nation clause, or of a clause providing for national treatment, does not entitle a third State to claim the benefits of nembership of a customs union or similar regional integraEion arrangement. A considerable number of such bodies have been established, involving
analysis: The text appears to be discussing the benefits and arrangements provided by the European Community to developing countries, specifically in terms of trade and economic development. It highlights the importance of maintaining existing trading arrangements and the potential risks of disrupting them. The text also references the Lorn6 Convention and the STABEX system, which suggests a focus on international trade and economic cooperation.