I have the honour to convey to you and to all the representatives here the warm greetings of His Majesty Jigme Singye Wangchuck, King of Bhutan, and his good wishes for the success of the forty-seventh session of the General Assembly. I should first like to congratulate you, Sir, on your election as president of the forty-seventh session of the Assembly. Your unanimous election is testimony to the high regard the international community has for your country and the Assembly's confidence that your leadership will provide the necessary direction on many important issues that we shall take up during this session. I should like to take this opportunity to place on record our deep appreciation to Mr. Samir S. Shihabi, for the excellent manner in which he conducted the proceedings of our last session. I wish to extend our warm welcome to the Governments and peoples of all the new Members of " ° United Nations. The large number of new Members is testimony not only to t' 3 historic changes that are taking place in the world, but also to the universality and importance of the United Nations. We welcome them and look forward to the opportunity to work together. During the last three years the world has witnessed the disappearance of the ideological conflict that had divided it and pervaded every aspect of social and economic life for much of this century. While these sweeping changes have brought new opportunities for peace, stability and progress, hopes have been dampened on the one hand by the unleashing of old hostilities and new conflicts, and on the other by the further impoverishment of millions of people for whom the changes in the international scene have little meaning. The social and economic situation remains dismal not only in many developing countries but also in many developed countries which are suffering from a prolonged recession. Though the opportunity for peace and progress has never been better, the challenges of inequity and poverty, which are the main reasons for instability and conflict, continue to be daunting as ever. In many ways the United Nations has been the greatest beneficiary of the changes in international affairs. After many years of blatant disregard and even disrespect by many and a lack of confidence in its abilities by others, the international community is now increasingly turning to the United Nations. There is greater willingness on the part of everybody to work through the Organization. In this context we should like to record our appreciation to our previous Secretary-General, Mr. Perez de Cuellar, for having created this opportunity and increased respect for the United Nations. We should also like to express our admiration and appreciation to our present Secretary-General, Mr. Boutros Boutros-Ghali, for taking immediate steps to make the Organization relevant and more responsive to the needs of the world, particularly in the area of conflict. We share his views on the need for immediate peace-keeping and peace-making and for greater emphasis on conflict resolution. Above all, we share his view on the need to give equal importance and attention to conflict and suffering wherever they may be in the world. The situation in the Middle East continues to be a major concern for global peace. While the unnecessary and senseless aggression against the peaceful people of Kuwait has been reversed, the issue of prisoners and disarmament remains. This new confrontation has added another dimension to the region, where peace and stability have already been denied for a long time. We fully appreciate the efforts of the sponsors of the dialogue that is taking place on the Middle East. We sincerely hope that the talks will defuse the conflict and pave the way for peace in the region. However, this process will not be successful unless the question of Palestine and occupied Arab lands is addressed and the legitimate rights of the Palestinians to self-determination in their homeland are guaranteed. Equally, the territorial integrity of Lebanon and the security and safety of all States in the region, including Israel, must be assured. Only then will there be meaningful peace in the region. In South Africa, while there has been progress towards change, the process has been continuously marred by a heavy toll in human lives. The violence must stop and the talks should continue. The inevitable course of change should not be restrained any further. While the cold war has ended, one of its last remnants still stands in the division of the Korean peninsula. We welcome the recent exchanges between the two countries and believe they will eventually lead to unification. We fully support the pragmatic steps set forth by President Roh Tae Woo of the Republic of Korea in his address to this session and share his vision of the Korean peninsula presenting itself as one nation before this body in the near future. The supply of arms over the years has made it possible for conflicts in Somalia and other regions of the world to continue despite the major changes in the international scene. The results have been tragic, and we cannot but emphasize the immediate need for humanitarian assistance and for resolution of the problems. The disappearance of the bipolar world has provided the best opportunity for ending the arms race and bringing about complete disarmament. The chance to direct all efforts and resources from the production of weapons of mass destruction towards the service of humanity must not be allowed to slip by. While there has been reduction of major weapons, the production and supply of smaller arms have continued to thrive in many parts of the world. Developing countries can ill afford to spend their resources on such unproductive and destructive enterprises. The tragedies of war and conflict are not the only factors contributing to human suffering. While they may be dramatic and require immediate attention, more suffering is taking place on a day-to-day basis, involving millions of people in the world. Just as it is important to end conflict, it is essential that the problems of poverty be addressed. The decade of the 1980s produced few, if any, positive results in the field of socio-economic development; consequently, the living conditions of only a few are better than when the decade started. The International Development Strategy for the 1990s, adopted by the General Assembly at its eighteenth special session; the Cartagena Commitments agreed to at the Eighth Conference of the United Nations Conference on Trade and Development (UNCTAD VIII); the Rio Declaration of the Earth Summit; and the Jakarta Message of the Tenth Summit Conference of the Non-Aligned Movement all call for renewed efforts in international development in the decade ahead. On the otherwise discouraging scheme there have been two important events: the World Summit for Children, in September 1990, and the United Nations Conference on Environment and Development, held in Rio de Janeiro in June this year. The children's Summit clearly drew our attention to the need to redouble our efforts to give our children the necessary care, attention and education if we are to ensure a better future for humanity. The Earth Summit clearly established the common stake we all have in the well being of the planet. It recognized that, while the responsibility for preserving the delicate ecological balance falls on all nations, at the same time those responsible for its degradation and abuse must be held accountable. Our planet can no longer sustain a high level of exploitation, and there must be a willingness on the part of those placing a high demand on natural resources to reduce consumption. At the same time more resources are necessary to improve the conditions and meet the basic needs of billions of people in developing countries, particularly the more than 1.1 billion people who live in absolute poverty. As further misuse of the earth's finite resources would be disastrous, the only alternative is a greater willingness to share. The high pace of population growth and the resulting increase in demand on resources is a serious threat to the environment and to the future. Developing countries, where 4.3 billion of today's population of 5.5 billion live, and where nearly all the next billions will be added in the decades ahead, must take all measures to ensure that population and development are balanced in a sustainable manner. The next three to four decades will be the most challenging humanity has ever faced, as they will determine the long-term survival of our planet. Just as we have a common stake in the environment and social well being, our futures are also tied in terms of overall global economic health. The slow recovery in the North from a long protracted recession has affected all countries. Similarly, the economic strength of developing countries clearly affects economic opportunities for the North. The long established target of 0.7 per cent of gross national product for official development assistance has not been reached by most donor countries and is not likely to be during this century. Official development assistance, whether through bilateral or through multilateral channels, has been set back not only in terms of slow growth but also in terms of slow disbursement resulting from increasing modalities and conditionalities. The question of debt still awaits comprehensive solution after more than a decade of discussion. Both the need for debt relief and the requirement of additional credit must be dealt with in a fair and comprehensive manner. The serious imbalances in international trade in terms of prices for commodities as well as volume of trade must be made more stable. Trade is one of the few avenues available to developing countries for progress, and must not be restricted. It is also necessary that access to knowledge and technology be made easier. Our discussions on development and political change must take into account the human and social dimensions. There is increasing social tension and disregard for human dignity arising out of poverty, high population growth and resulting unemployment, migration and competition for scarce resources. The wholesome well being of individuals and their rights can be assured if there are stable social, economic, political and natural environments. We look forward to the Second World Conference on Human Rights, in 1993, and the proposed world summit for social development to address these important issues in an integrated manner. In my own country, Bhutan, development activities started only in the 1960s. Since then, major changes have taken place: an effective fiscal and financial management system, a basic network of social services, roads connecting all population centres, and a growing export sector comprised of energy, minerals and agricultural products have been established. The development of human resources and the preservation of our rich environment have been given special attention. Despite the considerable progress, our economic infrastructure remains inadequate, and the country's communications and transport systems require expansion. In addition to the problems all least developed countries face, Bhutan is further handicapped by being landlocked. Bhutan has always taken full responsibility for its own development, and we will continue to do so, but the progress we have made thus far would not have been possible without generous support, particularly that of India, Japan, Switzerland, Denmark, Kuwait, Austria, Norway, the Netherlands, Germany, the United Kingdom and Australia and various agencies and bodies of the United Nations, in particular the United Nations Development Programme, the United Nations Children's Fund, the International Fund for Agricultural Development, the United Nations Capital Development Fund, the World Health Organization, the World Food Programme, the Food and Agriculture Organization of the United Nations, the United Nations Volunteers, the United Nations Population Fund, the United Nations Department of Technical Cooperation for Development and the United Nations Educational, Scientific and Cultural Organization. I take this opportunity to express the sincere gratitude and appreciation of the people and Government of the Kingdom of Bhutan to our development partners. One of the important issues before the Assembly is the establishment of the Commission on Sustainable Development. We fully welcome such a commission, but we must emphasize that its mandate and relationship to existing organizations must be very clear, and its task must contribute tangibly and substantively to socio-economic development. Let it not be one of the multitude of international organizations struggling to bring about development. The strengthening, revitalization and reorganization of the United Nations must extend to all its organs and organizations. In this context we welcome the concrete steps that our Secretary-General has taken in streamlining the Secretariat. The United Nations is finally being geared to undertake its peace-keeping, peace-making and humanitarian relief work effectively. We urge that a similar effort be made to ensure that the multitude of organs and agencies involved in development be streamlined and revitalized with the same vigour. We have listened carefully to the various views on reforming and democratizing the United Nations. This is an extremely important matter that must take into account the significant historical changes and the current membership of the international body. There is need for a new enlightened balance among the principal organs of the United Nations. The General Assembly must be provided with more responsibility, and the International Court of Justice with more authority. Finally, the United Nations is no longer the hostage of ideological conflict and now has new found respect and confidence. While this opportunity must not be missed, the path ahead is a long one, and the United Nations must move quickly to make itself relevant and capable of meeting the responsibilities it has long not been permitted to carry out. But above all the United Nations must be fair in fulfilling the aspirations and meeting the hopes and needs of all its Members, big and small.