I wish to convey to Mr. Ganev the most sincere congratulations of the Government of Honduras on his well-deserved election to the presidency of the General Assembly at its forty-seventh session. Through him we should also like to extend our best wishes to the Bulgarian people, who, like other peoples of Eastern Europe, are today, after much effort and self-sacrifice, helping to keep alive the flame of freedom, democracy and progress in that continent. To the new Members of our Organization, we extend a most cordial greeting. We are fully convinced that through the United Nations we shall be able to establish growing links of friendship and cooperation. Our Organization is grounded on principles of equality, shared responsibilities, and the promotion of international peace and security. We hope that Serbia and Montenegro will best achieve those objectives by meeting the legitimate expectations of the international community that an end will be put to the war, persecution and intolerance in the countries of former Yugoslavia, and that they will be able to become Members of this great family of nations. Moreover, in a world of changing realities, one which is none the less marked by its attachment to universality and peaceful coexistence, my Government, like other Central American countries, believes that we should open the way for the Republic of China, with more than 20 million inhabitants and authorities established in Taipei, to participate in the work of our Organization and its specialized agencies as that country does in various regional forums and international mechanisms. Membership in the United Nations does not constitute diplomatic recognition of sovereignty, and there have been and are precedents in the history of the United Nations for the simultaneous presence of countries which are in search of their historical unity but which, while they remain separated, have not been denied the opportunity to make their contribution to the complex fabric of international relations and obligations which bring together the peoples of the Earth through the United Nations. We are beginning a new era in the life of this Organization. For us, the "Agenda for Peace" of our distinguished Secretary-General is a noteworthy effort embodying both vision and realism that will enable us to make progress in forging a more secure and prosperous world. The Government of Honduras warmly supports the proposals on preventive diplomacy and on strengthening the logistical and financial capacity of the United Nations for peace-keeping and for peace-building when peace is threatened, when peace has been breached, or when the persistence of situations of confrontation make peace vulnerable. In accordance with those aims, Honduras also urges greater support for and use of the international organs for the legal settlement of disputes such as the International Court of Justice, which has only recently handed down a judgment providing a definitive solution to a long-standing border dispute between El Salvador and Honduras. The peoples and Governments of both countries intend to comply in good faith with this judgement. Honduras has also decided to lend its armed forces and police for peace-keeping missions and is at present satisfactorily participating in the conciliation mission in Western Sahara of the United Nations Mission for the Referendum in Western Sahara (MINURSO). With the end of a bipolar world and of the cold war, the terrible threat of a nuclear holocaust has dissipated. However, atomic weapons and other powerful weapons of mass destruction continue to overfill the arsenals of large and medium-sized Powers. My country therefore urges those who possess nuclear weapons to pursue, and as appropriate to initiate, serious and verifiable programmes for the reduction and destruction of such weapons, and the dismantling of possible vehicles for them. We also urge that the non-proliferation Treaty system be made more general and strengthened, with guarantees of verification; this applies also to the regional systems such as the Treaty of Tlatelolco. We shall also join in the broad movement that is being generated at this session towards seeking and achieving the prohibition of the development, production, stockpiling and use of chemical weapons. In the Persian Gulf, the reasons for the vigorous response by the international community in defence of the sovereignty and legitimate rights of Kuwait still exist in several respects. More than ever before, the United Nations should redouble its efforts to bring about faithful compliance with the relevant resolutions of the Security Council ensuring an end to threats of aggression and guaranteeing for the countries of the Gulf an environment of peace and a future free of coercion and uncertainty. In the Middle East, in southern Africa and in Cambodia, processes of peace and reconciliation continue to move forward. Candidly acknowledging past injustices, trusting in the mediating efforts of the United Nations, and convinced that the fruits of peace are beneficial to their populations, the leaders of all the parties involved in these conflicts should now more than ever before strive to bring about equitable solutions to the differences that separate them, in order to guarantee a speedy restoration in their respective regions of stable and secure conditions of good neighbourliness. The signing of the Chapultepec Peace Agreements in January this year between the Government of El Salvador and representatives from the insurgent The President returned to the Chair. movement has brought an end to armed confrontation in our neighbouring country and has opened the way for a complete reconciliation in the spirit of freedom and democracy for the Salvadorian people. Honduras associated itself in the well-deserved tribute paid to former Secretary-General Javier Perez de Cuellar for his mediating efforts. We have given and shall continue to give our full support to Secretary-General Boutros Boutros-Ghali in the fulfilment of the various stages of the peace agreement, including demobilization of formerly opposed forces and integration into civil and political life of the insurgents in a framework of complete legality. With peace in El Salvador, Central America, under the sign of democracy, is returning to the path of integration and development. Our countries are aware of the countless challenges posed by the insufficiency of our productive infrastructure, poverty and inequalities. But we also know that with dedication and vision, and especially with unity, we shall be able to overcome them. That is why the Tegucigalpa Protocol (A/46/829, annex III) of 13 December 1991 has entered into force, establishing a system for Central America integration which, working in the summit meetings of Presidents of the Central American isthmus, will impart force and impetus to a broad movement towards integration. Honduras hopes that the ever-stronger voice of Central America will be heard and that our region, a region of peace, democracy, freedom and development, will join and participate actively in the new forms of global interdependence that are taking shape on the eve of a new millennium. For Honduras, an essential part of this integrated vision is the formation and implementation of national, regional and international strategies to fight poverty and to overcome long-standing problems that strike hardest at children, women and the elderly. If we justly aspire to economic development, and to growing expansion of trade in goods and services originating from all continents, we should likewise aspire to, and indeed make possible, real improvement in the quality of life of the inhabitants of our countries. Enhanced social well being should not be conceived of as a generous remedy that may prove insufficient to the communities receiving it, but rather as a joint undertaking to facilitate, through international cooperation, conditions for vocational training and better access to the opportunities that can be provided by open and growing economies. On 12 December 1991, in Central America, the Heads of State and Government of the seven countries of the isthmus assumed that very commitment, and, in the presence of various distinguished figures and executives of the United Nations and regional organizations, initiated a coordinated programme of human development with goals, objectives and resources defined for the present decade to culminate in the year 2000. Those initiatives of our subregion are universal in conception. That is why Honduras, like Chile and other friendly countries, will continue to give impetus to, and participate in, the appropriate preparations for and holding of a world conference on social and human development that may serve as a forum for reflection and initiatives to effectively set in motion international measures and policies in this respect. In an ever more integrated world, our countries, which share not only a rich cultural heritage exemplified by the common use of a single language, but also a democratic and modern vision of international relations, are naturally seeking to strengthen our links of fraternal friendship and our presence in the world. Those are the fundamental reasons that led us to constitute the Ibero-American Conference, which, following its founding declaration in Guadalajara, signed in July 1991 by the Heads of State and Government of the Hispanic-American countries, Brazil, Spain and Portugal, has now formally been constituted. Within the Ibero-American Conference, as a mechanism for interaction and cooperation, we have been designing programmes of mutual benefit primarily in the fields of education, exchanges of programmes via satellite, the creation of an indigenous fund and the launching of a broad programme of exchanges of scholars and researchers. The Summit of Heads of State and Government held in Madrid this year also gave support to growing and leading involvement by our countries in a world programme of human development. Maintenance of an open multilateral trading system is of vital importance to the expansion of world trade and the economic development of all countries. For that reason we must join our efforts to bring about the speedy culmination, on satisfactory terms, of the Uruguay Round of Multilateral Trade Negotiations. Stagnation of the negotiating process would have very serious consequences for world trade and would affect prospects and the structural programmes that many developing countries have undertaken at the cost of great sacrifice to find our proper place in the trend towards large trading blocs. This year there has been a dramatic fall in the prices of commodities essential to our economies. This leads us to stress the need to bring about better regulation of conditions of access guaranteeing the growth of sales of our competitive products at fair prices. In this context we must also, in our judgement, strengthen the transfer of technology for industrial development and more flexible terms in financing the modernization of industrial plant in developing countries. The urgent need to share responsibilities and to act together to guarantee global economic stability independently of the economic and political power of each nation, together with the growing convergence of views as to global priorities, were clearly and positively demonstrated at the Earth Summit held in Rio de Janeiro. The Government of Honduras takes great satisfaction from the common reflection on urgent environmental problems initiated at that conference, and we reiterate our support for the principles adopted by it and for Agenda 21, which comprehensively encompasses a whole programme of action in the environmental sphere and for sustainable development. We must persevere in this direction. The deterioration of nature must be halted. Together we can design conservation strategies that allow for the rational use of natural resources to meet the needs of employment and the economic growth of our populations. The new strategy of peace is also necessarily a new strategy of development. Only by growing together can we survive; only by pooling our efforts can we secure for future generations a better world in harmony and concord.