Directions: Read the passages carefully and complete the statement given underneath by choosing the appropriate option from the following.

In 1964 the United Nations Conference on Trade and Development was held. For the first time the poorer nations of the world came together to act as a pressure group on trading matters. The Conference made the following recommendations. The Developing countries should be given free access to world markets for their manufactures and semi manufactures by the elimination of quotas and tariffs. International commodity agreements should be made for each major primary commodity in world trade to stabilise commodity prices. Moreover, compensation schemes, whereby the underdeveloped countries are compensated for the declining prices of their primary products, were recommended for consideration. The Conference also resolved that the developed countries should aim to provide at least 1 per cent of their national income as aid for the underdeveloped countries.

With reference to this Conference, one development mentioned in the passage was that ______________.