Equatorial Guinea is participating in the debates of the sixty-first session of the General Assembly in the firm conviction that this world Organization remains the only forum with the authority necessary to resolve any situation facing the international community. Attempting to usurp that authority is irrational; it means negating the universal principles of international law, which govern our world with justice and equity. That is why, before addressing any of the issues on our agenda, I wish to pay a well-deserved tribute to His Excellency Mr. Kofi Annan, the Secretary-General, and to His Excellency Mr. Jan Eliasson, President of the General Assembly at its sixtieth session, for the arduous task that they accomplished in the face of the conflicts that have threatened the peace and stability of the planet during 2006. We should also like to welcome the election of Her Excellency Sheikha Haya Rashed Al-Khalifa, Legal Adviser to the Royal Court of Bahrain, who will preside over the General Assembly at this session. We believe that her election is an implicit recognition of the seriousness, dedication and dynamism that characterize her country’s quest for global equilibrium and its respect for the principles of international law, human freedom, the right of peoples to self- determination, national independence and sovereignty, mutual respect among nations, and international cooperation to promote development and respect for human rights. This session opens at a time of uncertainty for humanity, due to the many conflicts and the increasing socio-political imbalance threatening the lives of millions of people throughout the world. Humanity today finds itself in a complex situation that raises several questions. What is the current role of the United Nations, given the absence of priorities in its decision-making process? What has been gained since the end of the cold war? What kind of future can humanity hope for in a world of so-called globalization, governed by a political and economic system characterized by inequality and a lack of cooperation in eradicating poverty in the weakest nations? What kind of future is there for the developing countries when the gap in the acquisition of technology for development continues to grow, or when sprawling intelligence services are constantly devising plans to keep the world under the political dominance and economic influence of the most powerful nations? Those and similar questions must be the focus of attention of politicians and this world body if we are to straighten this crooked path in international relations. Presently, there is no judge capable of adjudicating any international conflict equitably and impartially. From 23 06-52885 our point of view, the authority of the United Nations has been taken hostage by certain interests that are monopolizing the world. Nevertheless, I am convinced that we still have time to rescue the situation if we do not wish to see the international community completely derailed, because the results obtained to date are not satisfactory. We must first democratize this world Organization by reinstating its rightful authority on the international scene. We must also set an objective value to the globalization of politics by adopting new, equitable political and economic strategies to protect the legitimate interests of the weakest States. If we do not, we must be prepared to endure a world crisis as a result of our inability to sustain the current pressures and jarring disparities among nations. Many conferences held in various political, economic and social forums have identified a number of strategies to reduce the gap that separates us all, but such strategies have always been met with the complete indifference of those who are supposed to execute them. We ought not be surprised, then, by the phenomenon of terrorism that threatens the world today, because, although its methods and destructive effects on humans are condemnable, it remains the recourse of the oppressed and a reaction of those who oppose prevailing injustices that have been denounced throughout the last quarter of a century. The ongoing mass migration of peoples from the South to the North is another consequence of the huge imbalance caused by the present unjust international economic system. That migration will never cease if the North does not help the South to develop with programmes of support and solidarity. We would like to see democracy, equity and solidarity in a more harmonious world become the rule that would enable international relations to function, especially those governed by the Bretton Woods institutions, the World Trade Organization, the relationship between the European Union and the nations of the African, Caribbean and the Pacific, and all other economic relations between the North and the South. Moreover, nature has endowed the world with immense natural resources that are perfectly sufficient to allow all to live in dignity. We do not have to resort to draconian rules of exchange that favour some and discriminate against others. Those who seek to monopolize resources that belong to humanity and who still believe in the larceny of the past, or rather in their own ability to perpetuate illegal exploitation by force, are the same people who today support and maintain vast mercenary organizations that fall upon the weaker nations in order to create internal political instabilities for their own selfish interests. Indeed, my country has been a victim of such plotting because we own crude oil, the product that is today dividing and destroying the world. My country was able to avert a mercenary invasion on 6 March, 2004, that was organized by powerful countries that continue to dispute among themselves and to nurture ambitions to gain free control of the world’s petroleum. Fortunately, our security services were alerted in time and were able to prevent the anticipated genocide. Those directly responsible for the attempted coup are serving time in prison, while the brains behind the whole thing are still at large and thumb their noses at justice. Nevertheless, my Government does not believe that this natural resource belongs to us alone. My country benefits from barely 30 per cent of the proceeds from that exploitation, because, as we have explained time and again, due to an unjust system of exchange, the operating contracts give the lion’s share of those profits to our partners of the North. In that regard, I noted at the sixtieth session of the General Assembly that if the responsibility of transparency is to be borne equitably, there is a need to demand the same from the operators of the extracting industries and compliance with the contracts and regulations that guarantee equal benefits between the parties concerned. To conclude, the message from Equatorial Guinea is that we must respond as human beings, because we still have time to make this planet Earth a better place for human beings. Therefore, let us turn our backs on greed, hegemonic ambition and the lack of sensitivity to the sight of such horror and misery that is rife in our world, so that we can respond to this system of injustice and inequality, and so that, as human beings, we will be able to join hands and face, with solidarity, intelligence and wisdom, the challenge to spare humanity from the scourges of war, poverty and underdevelopment.