I should like at the outset to extend my warmest congratulations to Mr. Ganev of Bulgaria on his election as President of the General Assembly at its forth-seventh session. I am sure that with his experience and skill he will guide the Assembly to a successful conclusion. I should like also to take this opportunity to express my deep appreciation to his predecessor, Mr. Samir S. Shahibi, who carried out his tasks with dedication and commitment. He made an invaluable contribution to the revitalization of the work of the General Assembly. It is also a pleasure for me, on behalf of Malaysia, to extend a warm welcome to the delegations of those countries that recently joined us as Members of the United Nations. . In the last two to three years we have seen dramatic developments and changes around the world. In many ways we are at a historic point, where we must make fateful choices that will determine the future of mankind. There are opportunities to develop a new era of international cooperation based on a collective desire to seek social and economic progress in a peaceful and stable environment. There are renewed hopes in the ability of the United Nations to play a central role in the maintenance of peace and security, while at the same time being the catalyst for the revival of international develolpment cooperation. The end of East-West rivalry and the success of the role of the United Nations in settling a number of regional disputes understandably gave rise to euphoria about a new world order. Unfortunately, events of the last two years prove that such euphoria has been rather short-lived. Numerous and complex challenges, as well as uncertainties, are still unfolding. Sadly, the dawn of the new post-cold-war era is looking more and more like the old world order, characterized as it was by open conflicts based on clashes between competing nationalists and ethnic forces. Certain parts of Europe are once again becoming areas of tension and destruction, with ugly ethnic and nationalistic strife in the former Yugoslavia and a number of component States of the former Soviet Union. There are also disturbing unresolved local conflicts in other parts of the world in Afghanistan, Liberia, Mozambique and Somalia. Indeed, our initial hope and confidence that the end of the cold war would encourage and bring about better cooperation at the United Nations are on the wane. Experience over the last several months has raised serious concern about certain developments at the United Nations. Too much emphasis, for instance, is given to the role of the United Nations in the maintenance of international security, and there is less focus on the social and economic dimensions of peace. There is also concern over the dominant role of certain permanent members in the decision-making process in the Security Council, pushing the scope of the Council's activities into areas considered by many to be beyond its mandate. There is also growing concern that the Security Council particularly the permanent members - has a tendency to select when and where to apply collective measures under the Charter to uphold the rule of law and restore international peace and stability. One obvious example of such selectivity is the case of Bosnia and Herzegovina. The Council has yet to respond to requests by a number of countries of the Organization of the Islamic Conference for an emergency meeting, with formal debate, to consider the situation in Bosnia and Herzegovina, much less to invoke Article 42 of Chapter VII of the Charter. To uphold the rule of law, the Council should reverse the aggression by Serbia-Montenegro against Bosnia and Herzegovina and should initiate legal proceedings against Serbian leaders and individuals responsible for "ethnic cleansing" and other war crimes against Bosnian Muslims and Christians. The London Conference has yet to prove effective, and even the latest Security Council action, expanding the size and mandate of the United Nations Protection Force in Bosnia is limited to the protection of humanitarian relief. It is Malaysia's strong belief that humanitarian relief, however effective it may be, will not bring an end to aggression and atrocities, which are causing so much destruction and loss of life, as well as outflows of refugees to neighbouring countries. The case of Bosnia and Herzegovina has highlighted the need for, and the importance and validity of, preventive diplomacy. If the United Nations is expected to play an effective role in the maintenance of international peace and security, there must be greater recourse to preventive diplomacy. Selectivity or double standards in dealing with potential conflicts and with the parties involved would lead us nowhere and would only make a mockery of the United Nations. We are all conscious of the fact that the grave situation in Somalia was largely ignored by the Security Council until the Secretary-General took the Council to task. Millions of Somalians have been suffering for months, and many are dying by the day in a tragic civil war that is raging out of control. Somalia is in many ways a casualty of cold-war politics and is now left to struggle on its own. In this instance the United Nations must assist not only in bringing humanitarian relief as is being done - but also in restoring normality. Continuation of the civil war in Somalia is of no good to any party, and we urge the warring parties to settle their conflicts speedily and peacefully for the sake of their people and country. There is a Malaysian proverb that aptly describes the futility of such a situation: "The victor becomes charcoal, and the loser the ashes." Two international issues that have long been on the agenda of the United Nations are Palestine and South Africa. The current Middle East peace process is showing signs of progress as, for the first time, negotiation, begin to enter into substantive questions touching on the principle of land for peace. The time has come for the United Nations to be involved in confidence-building measures in the occupied territories, including the dispatch of observers, as well as the extension of social and economic assistance beyond the current limited efforts of the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) to help the Palestinians during the period of transition towards self-rule and independence. Similarly, in South Africa, the process of change towards democracy and majority rule has reached a critical impasse, which calls clearly for a more assertive and tangible United Nations role. Malaysia welcomes the decision of the Security Council to send observers to help to create confidence and to facilitate the process of change. But we believe that the United Nations should be able to do more in extending confidence-building measures particularly in restoring law and order as well as in looking at the needs of black South Africans living in squalid conditions, long neglected under the apartheid system. On the question of Cambodia, Malaysia, being part of the Association of South-East Asian Nations (ASEAN) and the region, has a special interest in Cambodia's peace, stability and economic well-being. Bilaterally, Malaysia stands ready to join hands with its Cambodian neighbours in economic and technical cooperation. We are also fully supportive of the United Nations role in Cambodia and we are doing what we can to both assist and support the United Nations peace-keeping efforts. To date we have already contributed a total number of 1,060 men to the United Nations Transitional Authority in Cambodia (UNTAC). The task before UNTAC is certainly not an easy one in facilitating the process of national reconciliation and paving the way for the setting up of a freely elected democratic Government. Actions of some Cambodian parties could well threaten the Paris peace Agreements. Clearly, the Paris Agreements must be fully implemented and the United Nations is there to ensure such a course. Also the United Nations, as represented by UNTAC on the ground, in its unique role in Cambodia, must gain the full confidence of all parties in order to facilitate implementation of the Agreements in the peace process. The situation in Bosnia and Herzegovina, and in Somalia, is a serious test of the credibility of the United Nations concept of collective security. At a time when there is such enormous expectation concerning, and reliance on, the United Nations collective security system to ensure the maintenance of international peace and security, there is an urgent need to examine the Charter and functioning of the collective security system. Under Article 24 of the Charter, Members of the United Nations confer the responsibility for maintaining international peace and security on the Security Council and the Council acts on their behalf. The general membership of the United Nations surely has the right to expect transparency and accountability in the work and actions of the Council. A major reform of the Council to achieve such transparency, accountability and democracy is overdue. The Council's present membership of 15 must be increased to a level that is more representative of the United Nations general membership, which has now grown to 179 countries. The representation of Europe in the Council far outweighs the size of Europe. The present constitution of the permanent membership largely reflects the situation immediately after the end of the Second World War and has now become untenable and anachronistic. The veto power which guarantees the exclusive and dominant role of the permanent five in the Council must be examined anew. Malaysia will contribute to examining in all aspects the structures of the United Nations. We regard as timely the decision of the recent tenth non-aligned summit meeting in Jakarta to establish a high-level working group to pursue the restructuring, revitalization and democratization of the United Nations and will give it our full support. Malaysia would also support a collective effort by the General Assembly to study the content and conseguence of the extremely valuable contribution of the Secretary-General in his report "An Agenda for Peace". We hope that a collective examination in a democratic fashion will help to define clearly the important principles contained in the document and the actions contemplated as a programme of action for the United Nations in a changing world order. The time has also come for us to treat the financial crisis facing the United Nations as a matter of utmost urgency if the Organization is to be the foundation and centrepoint of the post-cold-war world order. The increasing demands on the United Nations to undertake peace-keeping operations around the world are overstretching its scarce resources. Arrears for both regular and peace-keeping budgets now stand at around US$1.75 billion and they are affecting adversely the ability of the United Nations to perform its tasks. Of particular concern is the fact that more than half of the total arrears is owed by two of the five permanent members. Malaysia, like many other developing countries, welcomes the bilateral agreements reached between the United States and Russia on nuclear-weapons reduction and arms control. As a strong proponent of a universal disarmament process within the United Nations framework, Malaysia welcomes the positive work of the Conference on Disarmament on the proposed chemical weapons Convention and we are happy to cosponsor a draft resolution on it at this session of the General Assembly. Malaysia also believes that the process of transparency and confidence-building would contribute to the general goal of disarmament and peace, and we support the idea of a United Nations register on armaments. Such a register, however, should not be limited only to the sale and transfer of conventional weapons but should also include the production and stockpiling of conventional weapons and in due course cover non-conventional weapons. The suitability of the United Nations as the focal point for international cooperation to build a new world order is its noble objectives and universal character. For it is here that sovereign States are equal partners, and hence the Organization provides a good starting point for instituting democracy in inter-State relations and multilateral diplomacy. Unfortunately, since the collapse of communism there has been an increasing tendency on the part of the victors of the ideological rivalry to dictate their values relating to human rights and democracy to others, not only in the conduct of their bilateral relations but also in their activities at the United Nations and in its bodies. Malaysia believes that a comprehensive and constructive treatment of human rights issues must certainly take into consideration the cultural and religious values that influence the national outlook and development of Member States. We look forward to participating in the World Conference on Human Rights next year. The United Nations Convention on the Law of the Sea is an important instrument for the maintenance of law and order in maritime affairs and for international cooperation. As a littoral State, Malaysia would like to draw the Assembly's attention to the use of the Straits of Malacca as a waterway for international shipping. Larger and faster vessels capable of carrying cargoes of a previously unimaginable magnitude now ply the Straits in record numbers. Most of them are expected to share the same narrow waterway with fishing boats and the ever-growing number of pleasure craft. The increasing international traffic and the passage of large sophisticated vessels through our waters have certainly landed us with new problems, risks and responsibilities. In particular, the passage of tankers carrying dangerous and hazardous cargo adds to our worries and the risks to our environment. There have already been cases of collisions and spillage in the Straits, polluting our sea and shore and affecting our marine resources. The latest collison, last weekend, between two vessels in the Straits, involving an oil tanker and a container is a glaring example. When such accidents occur we have to do the clearing up, which is a financial burden, and endure the sudden harm and destruction to our marine resources caused by pollution. This is too much for the poor littoral States to bear alone. Obviously there is an urgent need to take a fresh look at existing international maritime law and regulations applicable to the Straits and find a mechanism to share the responsibility of ensuring the safety of navigation, as well as collectively to combat the growing piracy with effective surveillance through the use of advanced eguipment and with the improved resources at our disposal. To meet such objectives Malaysia is not suggesting the introduction of levies or collection of dues but is asking for the operational and financial responsibility for this to be shared eguitably among the maritime nations, users of the Straits and the littoral States. Any attempt at building a new world order must address the increasing inequity in the international economic system resulting in a widening North-South gap. The 1992 United Nations Pevelopment Programme human development report, for instance, in highlighting the increasingly difficult external economic environment and its adverse repercussions for developing countries, has stressed that the North must be held primarily responsible for this situation. The report pointed out that protectionism and subsidies in the developed countries resulted in a loss of $500 billion a year for the developing countries, ten times what they received in foreign assistance. The total external debt of developing countries has multiplied thirteenfold in the last two decades, from $100 billion in 1970 to around $1,350 billion in 1990. While the deadlock in the General Agreement on Tariffs and Trade (GATT) Uruguay Round has yet to be resolved, recent tendencies towards unilateral protectionist trade actions, the creation of new trade blocs and instability in the major currency markets would only worsen the already difficult global economic environment. Nothing short of a major reform and restructuring of the world economy, including the financial system, is required in order to bring about a strong revival and ensure its long-term stability. In recent years some progress has been made towards revitalizing and restructuring cooperation in the economic and social fields at the United Nations. But those changes, no matter how constructive and well-meaning, are not sufficient to revive international economic cooperation and to allow for global social development for as long as the developed countries are not prepared to initiate concrete changes at the policy level and to fulfil their obligations, particularly in terms of meeting the official development assistance targets. The Rio de Janiero summit on environment and development has raised the hopes of many that we have, within the context of the decisions of the summit and the establishment of the Commission on Sustainable Pevelopment, set the framework for launching a new global partnership with a view to economic development and the protection of the environment. However, real success is dependent upon the availability of new and additional resources as well as on the transfer of technology from the North to the South. As agreed at Rio, we are expecting our partners in the North to make their pledges during this session of the General Assembly. The world today has reached a defining moment in history. The imperatives of global interdependence require that we members of the international community work closely together in a new global cooperative spirit to move away from the past decades of ideological confrontation towards the building of a better world for all. In this regard the United Nations remains the best forum and vehicle for bringing about a new global consensus for international peace, security and development. Together, as a family of nations, we must have the vision and courage to address our common interest and future.