International records / Foreign Relations of the United States
45. Memorandum of Conversation
would fit in with the dreams of many developing countries. After 25 years, an entirely new system could be adopted. For example, the resources could be exploited entirely by the Enterprise. The Secretary: I have asked my delegation to look into the Nigerian proposal. Mr. de Soto : The Nigerian proposal was discussed in Geneva and did not have much support. The Secretary: I think that the Nigerian proposal might be helpful in financing the Enterprise. I do not exclude the possibility of joint ventures. Mr. de Soto : I was not talking about the Nigerian proposal. Could you leave that decision op…
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