text: and favourable treatnent for developing countriesr exports. specificall.y, at different forums including the recently held fortieth session of the Conlractingparties of GATT, developing countries have called for a standstil.l on a1L proteclionist measures against their exporEs and the beginning of a roll-back of Ehese barriers. Developinq countries also feel that little has been done in the industriali.zed countries by \day of structural adjustnent which rdould not only facilitate exports from devel-oping countries but also lead to improved allocation of resources i.n developed coun!ries.A/40/708 EngL i sh Page 23 94. Developing countries also stress lhe necessity of improving and broadening tbe General-ized System of Preferences \rhich so far has had only limited success because of its multiplicity of restricti.ve rules. On the question of special treatnent of their trade' they argue lhat the case for preferential arrangements in their favour refttins valid and that reciprocity in trade relations between developed and developing countries, as called for by some countries, is highly inequitable for developing countr ies. 95. fihile enphasizing the link between trade and international monetary arrangenents, a number of developing countries have pointed out that efforts to curb protectionisn in the industrial countries would not produce the desired result withou! a corresponding effort to avoid the persi.stent ffuctuation and nisalignments of exchange rates that give rise to calls for j.ncreased protection. 96. A nelr round of multiLaleral trade negotiations is being suggested by some couneries. In Che absence of implementation of commitments already made and given the lack of progress in the current GATT work programme, developing countries have expressed reservations about the usefulness of such new initiacives. l,Iany developing countries have expressed reservations about including services in trade negotiat.ions in the immediate fulure, proposing paraLlel but separate negotiations. Some have expressed wi!,lingness to participate in a new round
analysis: The text discusses the trade policies and negotiations between developed and developing countries, with a focus on the latter's demands for fair treatment and the removal of protectionist barriers. The text also touches on the link between trade and international monetary arrangements, and the importance of structural adjustments in industrialized countries. These themes suggest that the text is primarily related to international trade and economic development.