RESOLUTION 1990/70
Member Name E90r070
27 July 1990
37th Plenary Meeting
1990/70. Activities of transnational corporations in South Africa
The Economic and Social Council,
Recalling its previous resolutions on the activities of transnational corporations in South Africa, in particular resolution 1988/56 of 27 July 1988, in which it urged all transnational
corporations to stop immediately all forms of collaboration with the racist minority regime in South Africa and called for specific actions by Member States and transnational corporations to end
such collaboration,
Noting with grave concern the brutal perpetuation of the inhuman system of apartheid in South Africa and the continued denial of the civil and political rights of the majority of the population in
that country,
Welcoming the Declaration on Apartheid and its Destructive Consequences in Southern Africa, adopted by the General Assembly at its sixteenth special session, which contains guidelines on how to end
apartheid in a peaceful manner,
Bearing in mind the fact that continued investments, trade, technological co-operation and other forms of covert or overt activity by transnational corporations inside and outside South Africa
sustain apartheid,
Noting with deep regret the unfriendly decision of the Government of the United Kingdom of Great Britain and Northern Ireland to lift unilaterally the ban of the Commission of the European
Communities on new investments in South Africa, contrary to the political consensus in the Declaration on Apartheid and its Destructive Consequences in Southern Africa that existing measures aimed
at encouraging the South African regime to eradicate apartheid should not be relaxed until there was clear evidence of profound and irreversible change,
Also noting with deep regret the unprincipled decision of the Government of Hungary, a founding member of the Special Committee against Apartheid, to initiate commercial and economic contacts with
the apartheid regime of South Africa,
Recalling that some transnational banks and other international financial institutions have rescheduled South African loans in contemptuous disregard for the overwhelming interest of the
international community in dismantling apartheid peacefully and speedily,
Also recalling that some transnational companies that have supposedly departed from South Africa have actually maintained non-equity links, such as franchises, licences and royalty agreements, with
former subsidiaries,
Having examined the report of the Secretary-General concerning the resonsibilities of home countries with respect to the transnational corporations operating in South Africa in violation of the
relevant resolutions and decisions of the United Nations,
1.
...
Continua