spite of the principle established by Article 33, sub-paragraph 2 of the International Telecommunications Convention, of 1973, that in the use of frequency bands for space radiocommunications, the members shall take into account that the frequencies and the orbit for geostationary satellites are limited natural resources that must be used efficiently and economically to allow the equitable access to this orbit and to its frequencies, we can see that both the geostationary orbit and the frequencies have been used in a way that does not allow the equitable process of the developing countries that do not have the technical and financial means that the great powers have. Therefore, it is imperative for the equatorial countries to exercise their sovereignty over the corresponding segments of the geostationary orbit. 2. Sovereignty of Equatorial States over the Corresponding Segments of the Geostationary Orbit In qualifying this orbit as a natural resource, equatorial states reaffirm "the right of the peoples and of nations to permanent sovereignty over their wealth and natural resources that must be exercised in the interest of their national development and of the welfare of the people of the nation concerned," as it is set forth in Resolution 2692 (XXV) of the United Nations General Assembly entitled "permanent sovereignty over the natural resources of developing countries and expansion of internal accumulation sources for economic developments." Furthermore, the charter on economic rights and duties of states solemnly adopted by the United Nations General Assembly through Resolution 3281 (XXIX), once more confirms the existence of a sovereign right of nations over their natural resources, in Article 2 sub-paragraph 1, which reads:
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