On 29 May 1974, Sir Christopher Soames, Vice-President of the Commission of the European Communities, gives an address at the OECD Ministerial Meeting in Paris. In his address he focuses on the commitment of European governments to greater international cooperation and to the need to increase aid to developing countries, including in matters of trade. He also emphasises the European Communities’ dependence on trade, the need to reduce inflation, and the need to liberalise trade and develop international cooperation to encourage economic development within the European Communities and more efficient global economic management.