75
(c)
(d)
(e)
(f)
(g)
(h)
(i)
(j)
accordance with sound principles of conservation, the avoidance of
unnecessary waste;
the expansion of opportunities for participation in such activities
consistent in particular with articles 144 and 148;
participation in revenues by the Authority and the transfer of
technology to the Enterprise and developing States as provided for
in this Convention;
increased availability of the minerals derived from the Area as
needed in conjunction with minerals derived from other sources, to
ensure supplies to consumers of such minerals;
the promotion of just and stable prices remunerative to producers
and fair to consumers for minerals derived both from the Area and
from other sources, and the promotion of long-term equilibrium
between supply and demand;
the enhancement of opportunities for all States Parties, irrespective
of their social and economic systems or geographical location, to
participate in the development of the resources of the Area and the
prevention of monopolization of activities in the Area;
the protection of developing countries from adverse effects on their
economies or on their export earnings resulting from a reduction in
the price of an affected mineral, or in the volume of exports of that
mineral, to the extent that such reduction is caused by activities in
the Area, as provided in article 151;
the development of the common heritage for the benefit of mankind
as a whole; and
conditions of access to markets for the imports of minerals produced
from the resources of the Area and for imports of commodities
produced from such minerals shall not be more favourable than the
most favourable applied to imports from other sources.
Article 151
Production policies
1.
(a) Without prejudice to the objectives set forth in article 150 and
for the purpose of implementing subparagraph (h) of that
article, the Authority, acting through existing forums or such
new arrangements or agreements as may be appropriate, in
which all interested parties, including both producers and
consumers, participate, shall take measures necessary to
promote the growth, efficiency and stability of markets for
those commodities produced from the minerals derived from the
Area, at prices remunerative to producers and fair to consumers.
All States Parties shall cooperate to this end.
(b) The Authority shall have the right to participate in any
commodity conference dealing with those commodities and in
which all interested parties including both producers and
consumers participate. The Authority shall have the right to
become a party to any arrangement or agreement resulting from
such conferences. Participation of the Authority in any organs
established under those arrangements or agreements shall be in
respect of production in the Area and in accordance with the
relevant rules of those organs.
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