text: the territorial Governments to take up membership in these bodies once the Trusteeship Agreement comes to an end. B. Economic advancement 1. Overall economic policy Harmonization of economic development 265. The Council takes note of the fact that economic planning is now the prerogative of the Territory's four constitutional Governments. It notes also that the Federated States of Micronesia and the Marshall Islands have worked out long-term development plans with the assistance of UNDP. 266. On this occasion, the Council earnestly hopes, as the representative of one entity has indicated, that the implementation of those plans will provide an Opportunity for strengthening harmonization procedures among the elected Governments. Development projects must be harmonized and co-ordinated in order to prevent duplication. To that end, the Council requests the Administering Authority to encourage establishment of an economic development office for the whole Territory. 267. The Council therefore welcomes the intergovernmental consultations begun on the initiative of various entities on issues of common interest, such as the regulation of fishing, communications and higher education, in the spirit of the "Saipan Accords", which were signed by the Presidents of the Federated States of Micronesia, the Marshall Islands and Palau. 268. The Council notes with satisfaction that the Federated States of Micronesia and the Marshall Islands have committed themselves to using 40 per cent of the funds available under the terms of the compact of free association for economic development. Provision of more reliable information 269. The Council notes with satisfaction that the statistics on the various activities in the Territory have been presented in standard tables and under standard headings in accordance with the form observed by the united Nations in its reference work World Statistics in Brief. 270. The Council emphasizes, however, that those data remain incomplete because 
analysis: The text primarily discusses the economic development of the Territory, specifically the harmonization of economic development, establishment of an economic development office, and commitment to using funds for economic development. Additionally, it touches on the provision of reliable information and statistics on various activities in the Territory. This suggests that the text is focused on economic development, but also has some tangential references to other categories.