Allow me at the outset to congratulate Mr. Opertti upon his election to his prestigious position. I am convinced that he will guide us wisely through the fifty-third session of the General Assembly. The world community is now confronted with several dangerous situations which threaten the existence of millions of people, situations which demand immediate action by our Organization. I would like to draw special attention to the plight of the people of Kosovo and the alarming situation in several countries in Africa, where wars have caused appalling suffering and directly threaten the development and advancement of the whole continent. Our Organization is also confronted with issues of a universal nature which can determine the future of humankind, such as the protection of the environment and the delicate balance between economic growth and the conservation of natural resources. In this respect, the protection of the oceans and the marine ecosystem is one of the most important tasks facing us today. The fact that this is the International Year of the Ocean allows me to draw the Assembly?s attention to the fact that the oceans are the single largest source of protein and a crucial part of Earth?s ecosystem. We have to come to grips with the reality that the ocean?s bounty is finite and that the ocean is not a bottomless receptacle of human waste and pollution. Pollution of the seas from land-based sources remains a daunting problem. However, effective implementation of the Washington Global Programme of Action will certainly bring about much improvement in this respect. Pollution by persistent organic pollutants is another major concern. Prompt completion by the year 2000 of a legally binding instrument dealing with some of these pollutants will be an important step towards reducing and eventually eliminating this kind of pollution. Accidents in which radioactive material from nuclear waste treatment plants has spilled into the sea have demonstrated clearly the dangers of such facilities. Under 34 no circumstances should such plants be allowed to operate near the ocean. It is my hope that our generation will take the necessary measures so that future generations inherit clean oceans free from contamination. Nations with similar interests must strive for agreements on sharing and sensibly managing common stocks and fisheries on the high seas. We must ensure that the harvesting of living marine resources can continue and that economic development and conservation go hand in hand. In order to ensure a vibrant and profitable fisheries sector, States need to introduce the principles of private enterprise into the fishing industry and make its products compete on the free market. In Iceland we have devised a market-driven fisheries management system which encompasses both conservation of our resources and their sustainable use. The fishing stocks in the exclusive economic zone around Iceland have been steadily growing since a system of individual transferable fishing quotas was implemented in order both to achieve desired economic objectives and to protect our resources. However, fisheries in many parts of the world are overexploited. In my view, this is mainly due to the fisheries sector?s being inundated with government subsidies, resulting in excess fishing capacity and the distortion of market principles. No other single action could bring about such positive results, in a short time, towards achieving sustainable development in fisheries as the elimination of government subsidies. I would like to note that when we read United Nations publications dealing with the state of the world?s fisheries we are continually confronted with the expression “overfishing”, not “fishing”. This implies, first, that fisheries everywhere are utilized to the hilt, and, secondly, that States in general have failed in the management of the resources inside their economic zones. This gives a wrong picture of the situation. I wish to draw the Assembly?s attention to an interesting study issued a few weeks ago by the World Wildlife Fund on the root causes of the depletion of fish resources in many parts of the world. The study states that overcapacity in fishing fleets is a key factor and that Government subsidies of this industry is another. It rightly points out that one solution to this problem would be to issue each fishing vessel tradeable rights to a percentage of the catch. It goes on to say that this system has worked well in New Zealand, Australia and Iceland. In the negotiations on the Kyoto Protocol to the United Nations Framework Convention on Climate Change we stressed that the further harnessing of Iceland?s abundant, clean and renewable energy sources could contribute towards the global effort to limit greenhouse gas emissions. Iceland has for decades placed special emphasis on the utilization of clean and renewable energy sources, such as geothermal energy and hydropower. Of its own accord, and through extensive investment, Iceland has replaced fossil fuels for space heating and electricity generation with clean and renewable energy sources. Those efforts, made prior to 1990, have severely limited the possibilities for Iceland to further reduce the emission of greenhouse gases. In our view, it must be recognized that the economy of some countries is dependent on few natural resources. They therefore have fewer options to secure their economic base by comparison with countries with diverse economies. It is both illogical and unfair to deny countries the right to harness and utilize clean and renewable energy. Such a result would run counter to the objective of the Convention and be incompatible with Agenda 21. This year?s substantive session of the Economic and Social Council demonstrated clearly that the industrialized countries must make a concentrated effort to remove barriers to trade and integrate the developing countries into global markets. Many developing countries now have flourishing private sectors, competing in world markets. Last month I had the pleasure of visiting some countries in the southern part of Africa, of observing the enormous human and natural wealth of these countries and of learning first hand about the possibilities available to the people there. It is clear that peace has brought prosperity to those countries. My country is engaged in development cooperation in that area, focusing on human capacity-building as well as training and education in the field of fisheries. It should be stressed that, parallel to the privatization of the economy, there must be increased funding for building up social services, health care and education. It is my firm intention that Iceland shall increase its official development assistance to our partner countries in Africa. This fall, I had the pleasure of welcoming the first students, coming from three African countries, of the new United Nations University Fisheries Training Programme in Iceland. We hope that in the future students from all parts of the world will come for training in all aspects of the fishing industry. 35 I would especially like to draw attention to the importance of strengthening the position and role of women in society, mainly with regard to their education and active participation in the economy. In this respect, we have to tackle the problem of overpopulation with comprehensive solutions. The volatility in the world?s financial markets has led to severe recession in many countries and slowed economic growth in others. Globalization is a part of the development of the world today, and for all countries it entails both risks and benefits. The risks must be borne by all, and the benefits must be spread evenly and widely, especially to the poorest. Our Organization has seldom had more urgent tasks than preserving peace, security and human rights. I would like to express great concern over the nuclear tests recently conducted by two countries in South Asia, and I welcome recent statements by those States that they will adhere to the provisions of the Treaty on the Non-Proliferation of Nuclear Weapons and the Comprehensive Nuclear-Test-Ban Treaty. War has visited many countries since we gathered here last year. Keeping peace requires our constant vigilance. In several African countries war and ethnic tension have brought death and destruction. The cruel fate of children in war is more evident now than ever before. Once again the people of the former Yugoslavia are confronted with a problem of tragic proportions. In Kosovo thousands of refugees are facing hunger and a cold winter. Conflicts where the civilian population is targeted are abhorrent and leave scars that take a long time to heal. We now recognize that preserving peace demands more intensive measures than before, such as the strengthening of democratic institutions, policing, overseeing elections, establishing judiciary systems and monitoring human rights. In many countries it is as though the Middle Ages had never ended and the darkness of intolerance, cruelty and human rights abuses descends on people?s lives every day. The fiftieth anniversary of the Declaration of Human Rights should encourage us to be stalwart in our principles. Human rights are universal, and the veil of religion and tradition cannot and will not be accepted as an excuse for tolerating flagrant human rights violations. The international community must deal successfully with problems such as terrorism and war crimes. The world community has had to look on in horror as terrorists have, in cowardly fashion, targeted innocent people going about their everyday lives. We urge States to sign and ratify the counter-terrorism conventions. The adoption of the Statute of the International Criminal Court this summer in Rome shows the firm commitment of the international community to let law take precedence over lawlessness and justice over injustice. Once the court is firmly in place it is our hope that criminals who commit atrocious acts, such as crimes against humanity, genocide and war crimes, will have no escape from the long reach of international law. We urge all States to sign and ratify the Statute. We look forward to the effective implementation of the agreed outcome of the General Assembly?s special session on drugs. Enhancing judicial cooperation and law enforcement cooperation is essential, as well as bearing down on money-laundering worldwide. The elimination of illicit crops should be a high priority in the global drug control strategy. We strongly support the Norwegian and Canadian initiative to control the proliferation of small arms and light weapons. The huge number of these weapons should be of great concern to the international community. Our Organization must enter the next millennium as an effective and reformed Organization, with lean management, result-based budget, increased action potential in the most vital fields, strengthened finances and a clear commitment from all Member countries to pay their contributions without conditions. Finally, Iceland is committed to the ideals of the United Nations. We have always been ready to shoulder our responsibilities in every aspect of the Organization?s work because we believe that all Member countries should make their mark on events shaping the world we live in today.