text: 75. His delegation had nevertheless been disappointed that the debates on the issue had become repetitive harangues that scarcely contributed to the work of the Committee. The draft resolution on economic activities implied that all foreign I ... A/C.4/40/SR.l0 English Page 16 (Mr. Martin, Canada) economic activities and, in particular, those of transnational corporations, were evil. That was patently absurd and representatives of a number of States which were not members of the Western group had said so. 76. Canada believed that transnational corporations could have a beneficial impact on development and technology transfer. Much of the expertise which Canada was making available to developing countries in such areas as transportation and communications was to be found in Canadian transnational corporations which had therefore been successfully used as implementing bodies in Canada's development assistance programmes. Such bodies could hardly be described as having a detrimental impact. Some transnational corporations had homes in the developing countries themselves. He would also like to know how transnational corporations differed from other economic entities, such as those of socialist countries, which were involved in international transportation or banking. 77. His delegation had serious reservations about the draft resolution and regretted that it had not been able to endorse it. The economic activities ot only one group of countries had been addressed in the deliberations of the Special Committee and in the draft resolution, to the mysterious exclusion ot those of certain other countries. In addition, certain paragraphs of the resolution had extra-territorial implications and could not be implemented under Canadian legislation. Canada could not support the contention that foreign economic activity was ipso facto illegal under international law as stated in operative paragr.ph 14. For those reasons, his delegation had abstained on the draft resolution while supporting its main objectives. 78. His delegation, as in previous years, had voted against the draft decision on 
analysis: The text discusses the economic activities of transnational corporations, their impact on development, and the implications of a draft resolution on the Committee. It also touches on the theme of international cooperation and the limitations of implementing certain economic activities under national legislation. These topics suggest that the text is related to economic development, international trade, and possibly science and technology.