At the outset, I wish to extend my sincere congratulations to His Excellency Mr. Razali Ismail of Malaysia on his unanimous election to the high post of the presidency of this session of the General Assembly. I also wish to express my appreciation to His Excellency Mr. Freitas do Amaral for his excellent stewardship of the historic fiftieth session of the General Assembly. The current session is being held at a time when the contours of a new international system are still being shaped. The twentieth century has witnessed the generation of enormous wealth. However, its distribution among regions, individual States and groups within States remains uneven. Scientific and technological developments have led to great strides in the advancement of human society while they have posed potentially disruptive threats to its survival. Trends towards globalization and integration are accompanied by the forces of fragmentation and marginalization. The winds of sweeping democratic change have touched the greater part of the family of nations. By and large, the world today finds itself at a momentous juncture, at a time of both opportunities and challenges. Today no country can afford to stay aloof from the tremendous transformations that are going on. In Mongolia, this year ushered in a new era. As a result of general elections held last summer, State power has been peacefully transferred to democratic political forces for the first time in 75 years. This marks the logical culmination of the 1990 democratic revolution and lays a solid foundation for stable democratic development. It is 10 also a result of the simultaneous pursuit of both political and economic reforms. The reform process is complex, time-consuming and challenging. Mongolia is not alone in facing the challenges inherent in laying the foundations of an open, democratic, just and humane society and in creating conditions for accelerated social and economic development. Like many other developing countries undergoing fundamental changes, Mongolia is faced with a host of problems: a low level of development, poverty, unemployment, an external debt burden and an underdeveloped national economic structure vulnerable to fluctuations on the world market. In spite of those hardships, the Government of Mongolia is determined to undertake decisive measures to speed up the reform process. The Government of Mongolia, while preserving the continuity of its multipillared foreign policy, is resolved to pursue an active, balanced foreign policy based on national interests. Mongolia will continue its strong support for the multifaceted activities of the United Nations as one of the main pillars of its foreign policy. A few days ago the international community witnessed a landmark event designed to attain the goal of a nuclear- weapon-free world. I refer to the adoption by the General Assembly of the Comprehensive Nuclear-Test-Ban Treaty. This morning I had the privilege of signing the Treaty on behalf of Mongolia. It is of paramount importance, in our view, that all the declared nuclear Powers and threshold States accede to the Treaty so that the many years of hard work that went into it may yield tangible results. With a view to contributing to an effective implementation of this important Treaty, Mongolia will actively participate in its international monitoring system. We believe that the creation of more nuclear-weapon- free zones in different regions of the world will contribute to the strengthening of regional and international peace and security. Therefore, we commend and support the Declarations of Africa and South-East Asia as nuclear- weapon-free zones. In 1992, Mongolia declared its territory a nuclear-weapon-free zone, and I am pleased to note here that the nuclear-weapon States, along with other countries, have welcomed and supported our initiative. Mongolia intends to formalize and upgrade the status of the zone to the international level. In a broader context, it is essential to provide assurances to non-nuclear-weapon States against the use or threat of use of nuclear weapons, in the form of an international instrument. The advisory opinion of the International Court of Justice on the illegality of the use or threat of use of nuclear weapons, as well as the important recommendations contained in the report of the Canberra Commission, could serve as a sound basis in further negotiations on non-proliferation and nuclear disarmament. While expressing Mongolia’s satisfaction with the Chemical Weapons Convention that will soon come into force, I should like to stress the importance of its ratification by States with substantial arsenals of chemical weapons so that the Convention can be more effective in eliminating this type of weapon of mass destruction. Turning to regional issues, I should like to underline in particular our deep concern over the uncertain situations in the Balkans and on the Korean peninsula. The recent events in the Middle East are adversely affecting the peace process that is under way. We believe that the parties concerned should exercise utmost restraint and resolve the problems by political negotiation, as envisaged in the Madrid and Oslo agreements. The peaceful advancement of the human family and its safety can no longer be assured in a world characterized by abject poverty, external debt burdens, a growing technological and economic gap between the rich and the poor, widespread hunger and malnutrition, increasing violence and discrimination, crimes and drug use. It would probably be axiomatic to say that no one can ensure his or her own security at the expense of others. However, merely acknowledging this fact can hardly help solve the problem. There must be real determination and political will, coupled with collective action, to face the challenges ahead. The recent international conferences on children, the environment, human rights, population, social development and human settlements organized under the auspices of the United Nations have forged a clear vision and a forward-looking strategy for our common and concerted action toward the betterment of the human condition. Mongolia holds the view that this new framework for international development cooperation should find its due reflection in the Agenda for Development, which would ensure their integrated and comprehensive implementation and follow-up. Vital, in this regard, is a coherent coordination of the policies and activities of the various entities of the United Nations system and those of the Bretton Woods institutions at the global and national levels. The implementation of the decisions of the aforementioned conferences requires genuine political commitment on the part of the international community and its individual members to substantially increase the resources for sustainable human development. We believe that mobilization of added financial resources can be made possible by reducing global military spending and capturing the resultant peace dividend for human priority needs. Our common and shared future calls for the donor countries that have not yet done so to honour their long-standing commitment to the 0.7 per cent target. We welcome and support the World Trade Organization as a multilateral forum for defining an international trade policy aimed at coordinating and promoting the interests of countries with different levels of development. Mongolia will join this Organization shortly, which will allow it a greater involvement in world trade and economic integration. Likewise, Mongolia will actively endeavour to secure its proper place in the Asia-Pacific integration, a region characterized by high economic development and overall political stability. Handicapped by their geographical location, the land- locked developing countries face particular difficulties in their development efforts. Owing to their disadvantaged position, they risk being further isolated and marginalized from the globalization process. In this connection, I wish to emphasize the practical importance of implementing the Global Framework for Transit Transport Cooperation Between Land-locked and Transit-developing Countries and the Donor Community, endorsed by the General Assembly at its last session. South-South cooperation has become a potential instrument for accelerating the effective integration of developing countries into the global economy. I believe that the conference on finance, trade and investment to be held in Costa Rica next January will help to further enhance South-South cooperation by identifying its future priorities. With the acceleration of scientific and technological progress, the question of protecting the environment from mercantile human activities is acquiring an ever-increasing importance. Effective international cooperation aimed at offsetting the adverse effects of industrialization on countries, especially in environmentally sensitive regions; preserving their unique nature and ecosystems; shielding them from natural disasters; and mitigating the damage inflicted is the order of the day. Furthermore, this requires an allocation of additional resources and their effective utilization. Elaboration of a national strategy for sustainable development, in line with the Earth Summit Declaration and Agenda 21, is well under way in my country. Mongolia attaches particular importance to the special session of the General Assembly scheduled for 1997 to review the implementation of Agenda 21. In preparation for that session, a study could be conducted on the root causes of the considerable increase in natural disasters over recent years, as noted in the report of the Secretary- General on the work of the Organization. Today, it is vital to foster respect for and compliance with the norms of international law. In this regard, Mongolia welcomes the establishment of the International Seabed Authority and supports the creation of an international criminal court. We believe that the international community should elaborate the guiding principles of conducting international negotiations — the main instrument of bilateral and international diplomacy. Mongolia fully shares the view that the United Nations should be restructured, its activities modified and democratized, and its effectiveness and efficiency improved along the lines of the objectives set forth in the Declaration on the Occasion of the Fiftieth Anniversary of the United Nations. I hope that the ongoing deliberations in the high-level Working Groups of the General Assembly will result in the adoption of specific action-oriented recommendations that will make the United Nations better equipped, financed and structured to serve the ideals enshrined in the Charter. Security Council reform should be intensified through the introduction of greater transparency in its activities and the democratization of its working methods. The expansion of its composition must ensure the fair and equitable representation of various regions and groups of States as well as its increased effectiveness and efficiency. It goes without saying that, in the final analysis, this world Organization can be only as good as its Member States allow it to be. Less than four years separate us from the next millennium. The time has come for resolute action. The time has come to collectively undertake radical changes. The time has come to fulfil the dreams of our forefathers to build a better future for our children.