text: sector to be made available for developnental purposes. The size of the disarmament dividend can be tremendously enlarged and social and economic difficulties that may arise greatly minimized if the process of conversion is planned is advance. We recognize that the internal demands of the najor military spenders will inevitably be the first claimant of the peace dividend. Far from being concerned by it, we regard this situation as a welcome development, as it, too, would have a salutary effect on the world economy. At the same time, we should take advantage of the present favourable situation to make appropriate institutional arrangements within the United Nations for giving concrete shape to the idea of a link between disarmament and developnent, which has been accepted in principle by the international community. Multilateral institutions designed to promote economic co-operation should be strengthened and made really effective. The present asymmetrical treatment of the developing countries in these institutions should be redressed. Whenever necessary, they should be updated and revamped, taking into account the current reality. It is essential to restore to the international nonetary system its essential underpinning of exchange-rate stability and official liquidity. JB/18 A/S-18/PV.2 84-85 (Mr. Guj ral, India) India has a vital stake in an open and liberal trading system within the f.rarnework of the General Agreement on Tariffs and Trade, and regards the current Uruguay Round of multilateral trade negotiations as of critical importance in this context. We are participating in these negotiations in good faith and in pursuit of the common objective of preserving and strengthening the multilateral trading system. The declaration launching these negotiations clearly recognizes that the purpose of the Uruguay Round is not only to liberalize trade but also to keep in mind the developnental needs of the developing countries. It was also agreed that 
analysis: The text discusses the relationship between disarmament and development, highlighting the importance of planning the conversion of military resources to civilian uses to minimize social and economic difficulties. It also touches on the need for multilateral institutions to promote economic cooperation and the importance of the Uruguay Round of trade negotiations. These themes suggest that the text is primarily focused on economic development and international trade.