text: economic co-operation, of developments in Eastern Europe and the Soviet Union, particularly with a view to identifying ways and means through which developing countries might benefit from those developments. 19. The Commission took note of the report of the Secretary-General on home country incentives for investment in least developed countries (E/C.10/1990/4). It requested the Secretariat to participate fully in the review of the implementation of the Substantial New Programme of Action for the Least Developed Countries Ql and undertake further studies relevant to the role of transnational corporations in these countries. Ql See Report of the United Nations Conference on Least Developed Countries, Paris, 1-14 September 1981 (United Nations publication, Sales No. E.82.I.8), part one, sect. A. -16- Chapter III WORK RELATED TO THE CODE OF CONDUCT ON TRANSNATIONAL CORPORATIONS AND OTHER INTERNATIONAL ARRANGEMENTS AND AGREEMENTS 20. The Commission considered agenda item 4 at its 9th meeting, on g April 1990. It,had before it the report of the Secretary-General on the progress made in the work on the code of conduct on transnational corporations (E/C.l0/1990/5); and the report of the Secretary-General on international arrangements and agreements related to transnational corporations (E/C.l0/1990/6). 21. In his introductory statement, the Executive Director of the Centre explained the outcome of the informal consultations conducted by the Bureau and the enlarged Bureau of the special session of the Commission on Transnational Corporations in January and April 1990 with a view to determining the future of the negotiations on the code of conduct. The consultations had led to a decision to conclude the negotiations as soon as possible on the understanding that further negotiations would entail only minor changes in the present text of the code and would conclude before July 1990. The Economic and Social Council had decided to reconvene the 
analysis: The text appears to be discussing international cooperation and agreements related to economic development, specifically in the context of transnational corporations and their impact on developing countries. The mention of "home country incentives for investment in least developed countries" and "least developed countries" suggests a focus on economic development and cooperation.