The General Assembly,
 
      Guided by the principles of the Charter of the United Nations,
particularly those which call for the development of friendly relations among
nations, and the achievement of cooperation in solving problems of an economic
and social character,
 
      Recalling its numerous resolutions in which it called upon the
international community to take urgent and effective steps to end coercive
economic measures,
 
      Gravely concerned over the recent enactment of extraterritorial coercive
economic laws in contravention of the norms of international law and the aims
and purposes of the United Nations,
 
      Believing that the prompt elimination of such measures is consistent
with the aims and purposes of the United Nations and the relevant provisions
of the World Trade Organization,
 
      1.    Reaffirms the inalienable right of every State to economic and
social development and to choose the political, economic and social system
which it deems most appropriate for the welfare of its people, in accordance
with its national plans and policies;
 
      2.    Calls for the immediate repeal of unilateral extraterritorial laws
that impose sanctions on companies and nationals of other States;
 
      3.    Calls upon all States not to recognize unilateral extraterritorial
coercive economic measures or legislative acts imposed by any State;
 
      4.    Requests the Secretary-General to submit to the General Assembly
at its fifty-second session a report on the implementation of the present
resolution;
 
      5.    Decides to include in the agenda of its fifty-second session the
item entitled "Elimination of coercive economic measures as a means of
political and economic compulsion".