I would like to add my voice to those of previous speakers in congratulating you, Sir, on the occasion of your election to the noble post of President of the General Assembly. I am confident that you will carry forward the able legacy left by your predecessor, Mrs. Haya Rashed Al-Khalifa. Our warm tribute also goes to the Secretary-General, Mr. Ban Ki-moon, as he strives to reinvigorate our Organization. We all have the great belief that in the twenty- first century the United Nations will be a more effective Organization. The continued relevance of this Organization will, to a large extent, depend on our ability to attune it to our concerns and make it responsive to our needs. The United Nations must continue to serve the interests of all its Members States, regardless of whether they are big or small. Our approach to problems that transcend national boundaries should be based on a global consensus, while maintaining the key role of the United Nations in the cooperative management of these problems. We need to advance further and harmonize diverging views on the reform of the Security Council. The Council should be transformed into a democratic and respectful organ, reflecting its universal character, corresponding to present-day realities, and taking into consideration the need for balanced geographic representation in its membership. The reform package should strengthen the General Assembly as the policy-making organ of the United Nations. It is only through reinforcement of the Assembly’s role and mandate that we can successfully tackle some of the most pressing issues facing humanity, not least the process of globalization. This year, 2007, marks the fifteenth anniversary of Azerbaijan’s membership in the United Nations. I will use this apt occasion both for reflecting on our experience and for looking ahead. The development of our region is inextricably linked to energy security issues. We in Azerbaijan have been working for more than 10 years on our energy security. When we started our energy projects, the development of oil and gas fields and construction of pipelines, we could not imagine that our energy resources would be so crucial in supporting the causes of free competition and free market. But it so happens that we are right on time and ready to provide an important contribution to global energy security. Our firm dedication to the policy of economic, political and social reform allowed us to improve our economic performance significantly. Last year, we had a 34 per cent growth in gross domestic product (GDP), and more than 35 per cent this year. In four years, the State budget increased more than fourfold. We managed to decrease unemployment and poverty significantly. A 36.8 per cent increase in the population’s income and savings in financial institutions is a direct indication of the improvement in livelihood. Investments continue to play a catalytic role in the overall development of the country. In 2007, the level of investments from all financial sources has reached a growth of 10.6 per cent. Most important, as compared to previous years, the share of domestic investments currently accounts for a significant increase of 50.8 per cent, and a large part of it goes to the non-oil sector. These are very important steps towards achieving our goal of a diversified economy. We believe that the sustainability of growth and development in Azerbaijan not only is ensured by the availability of natural resources but also attests to the commitment and capacity of the Government to protect the rights of investors and to implement its commitments under various contracts in the multibillion range. Transparency and efficiency in oil revenue management constitutes an important part of the Government’s efforts to improve public service and accountability. Thus, it gives me great pleasure to inform delegates that the State Oil Fund of Azerbaijan, which leads the implementation of the Extractive Industries Transparency Initiative (EITI) in Azerbaijan, won the prestigious 2007 United Nations Public Service Award in the category of improving transparency, accountability and responsiveness in the public service. We believe that this success shows the efficiency of our Initiative, and we invite United Nations Member States to discuss the achievements made under the EITI. We plan to introduce a draft resolution on this subject during the current session. Using our geographical location and unique transportation possibilities, we are pioneering projects on bridging Europe and Asia. Countries to the east of the Caspian Sea have expressed a vivid interest in these projects, and the role of Azerbaijan in regional affairs has become more important and has been transformed into a stabilization factor. By dint of its political and historical background, Azerbaijan became home to various cultures and religions. Building on this rich experience, during its chairmanship of the Organization of the Islamic Conference Ministerial Council, our country provided substantial input to enhancing dialogue and broadening mutual understanding among nations, cultures and religions. We believe that by spreading knowledge about Islam and its values, cultural dialogue between the civilizations will contribute to mutual understanding and trust. In this regard, the framework of the Alliance of Civilizations provides a good opportunity for joint action and partnership. Azerbaijan currently holds the rotating chairmanship of the GUAM (Georgia, Ukraine, Azerbaijan and Moldova) group. Our priority is to espouse GUAM geopolitical and geo-economic advantages, utilize its role as a natural corridor bridging Europe and Asia and promote the development of civil societies and the economic cooperation of GUAM Member States. At the same time, GUAM serves as an effective instrument to increase the international community’s awareness about risks and challenges that its Member States have been facing. In this regard, I would like refer to agenda item 16 of the current session relating to the protracted conflicts in the territories of Azerbaijan, Georgia and Moldova. These conflicts have almost the same origin, similarly-developed scenario and dangerous outcome. They all started from the manifestation of aggressive separatism, were accompanied by ethnic cleansing against civilians and resulted in the violation of the sovereignty and territorial integrity of these States. GUAM is firmly convinced that the settlement of these protracted conflicts must be based on territorial integrity within their internationally recognized borders. Together with GUAM colleagues, Azerbaijan will defend this fundamental principle of international law, initiate formal discussions in the General Assembly and mobilize support of the United Nations Member States. The Armenian-Azerbaijani Nagorny Karabakh conflict remains the most serious challenge to the security of our region. As a result of the conflict, we are still facing the continued occupation by Armenia of a significant part, almost 20 per cent, of the internationally recognized territories of Azerbaijan. We are hosting approximately one million refugees and internally displaced persons, who were notoriously ethnically cleansed and brutally expelled from their homes of origin in Armenia and in the occupied territories of Azerbaijan. Azerbaijan’s position on conflict settlement is fully based on the norms and principles of international law, plus four relevant resolutions of the United Nations Security Council that provide for the restoration of the sovereignty and territorial integrity of Azerbaijan and the establishment of vast opportunities for the Azerbaijani and Armenian communities of the Nagorny Karabakh region of Azerbaijan. Negotiations on conflict resolution, which since 1992 have been carried out within the framework of the OSCE Minsk Group, have so far not yielded any results. The more time passes, the more difficult it is for us to observe from our side of the line of contact the attempts of the current Armenian leadership to consolidate the results of the occupation of our territories, their attempts to destroy everything associated with the Azerbaijani legacy in these territories and to carry out illegal activities thereon. The United Nations shall not tolerate such action. From this high podium, I would like to address the Armenian nation in order that they recognize that their policy of breaching peace and stability in the region has very dangerous, counter-productive and disastrous implications for the long-term perspective of development, above all, for Armenia. I am confident that Azerbaijan will restore its sovereignty and territorial integrity. It is only a question of time. Finally, on this issue, I would like to express our gratitude to Member States for their unequivocal support extended in September 2006 to General Assembly resolution 60/285, entitled “The situation in the occupied territories of Azerbaijan”. Although Armenia dissociated itself from the resolution after joining the consensus on it, we still believe that establishing the proper conditions for the environmental operation may become a significant confidence-building measure. As a member of the Human Rights Council, Azerbaijan attaches great importance to the efficient functioning of the Council. It is our common task and responsibility to ensure that this institution lives up to the expectations vested in it and becomes a truly objective, vigorous and credible universal human rights body. We are looking forward to finalizing the institution-building of the Council so that it becomes fully operational and devotes attention to the issues directly within its mandate. In the course of the last two years, the United Nations has continued to represent a unique platform for international standard-setting in the field of human rights by adopting two major documents — namely, the International Convention for the Protection of All Persons from Enforced Disappearance and the Convention on the Rights of Persons with Disabilities. Undoubtedly, adoption of those important instruments represents a significant step forward in a long historical process. Already a signatory to the first Convention, Azerbaijan is currently considering signing the latter.