text: example, it was claimed that the activities of foreign economic interests in the Territory were justifiable and their motivation benevolent. However, history showed that self-interest and the profit motive sustained and perpetuated the colonial system, resulting in the entrapment of colonial territories and people. Namibia provided conclusive proof that the benefits brought by multinational corporations were illusory. The claim that they acted as so-called "engines of development" was a total fallacy. The reports of various bodies, especially of the United Nations Centre on Transnational Corporations and the United Nations Council for Namibia, indicated that as much as 60 per cent of Namibia's gross domestic product was repatriated abroad as company profits, interest payments and expatriate salary remittances. Namibian workers continued to be subjected to disparities in / ... A/C.4/40/SR.l0 English Page 6 (Mr. Taqal, Malaysia) pay, intolerable working conditions and repressive laws. The extension ot the apartheid system to Namibia guaranteed an abundant supply of cheap and enslaved labour and insured foreign companies of high profits. 22. Four transnational cor·porations accounted for 95 per cent of Namibia's mineral production and exports and held approximately 80 per cent ot its mineral assets. The economic life of Namibia was largely determined by foreign economic interests. Such collusion had given Pretoria an inducement to defy United Nations resolutions and sustain its colonial rule in Namibia. 23. His country had no aversion to toreign investment which improved the welfare of colonial peoples and facilitated the process of decolonization, but supported all United Nations initiatives to put an end to the activities of foreign economic interests that deprived colonial peoples of their fundamental rights, including the right to self-determination and independence. His delegation joined other members of the Committee in calling for economic sanctions against South Africa under Chapter VII of the United Nations Charter. 
analysis: The text appears to be discussing the economic exploitation of a colonized territory, specifically Namibia, by foreign corporations and governments. It highlights the disparity in wealth and power between the colonizers and the colonized, and the ways in which this exploitation perpetuates colonial rule. The text also touches on the theme of economic sanctions as a means to challenge colonialism.