I am pleased and honoured to address the Assembly on behalf of the Government and the people of the Commonwealth of Dominica. I wish to extend my congratulations to you, Sir, and your country, the Republic of Korea, on your election to the high office of President of the fifty-sixth session of the General Assembly, confident that your proven diplomatic skills will serve you well in guiding the affairs of the General Assembly with efficiency and purpose. Your immediate predecessor, Mr. Harri Holkeri, is most deserving of our thanks and appreciation for the very able manner in which he presided over the Millennium Summit and the fifty- fifth session of the General Assembly. Permit me further to congratulate the Secretary-General, Mr. Kofi Annan, on his election to a second term and on the award of the Nobel Peace Prize to him and the United Nations. This general debate is being conducted in unusual circumstances. The horrendous terrorist acts of 11 September 2001 have altered the lives of many in ways traumatic and fundamentally tragic. I must again extend deepest condolences and pledge the full support and solidarity of the Government and the people of the Commonwealth of Dominica to the Government and the people of the United States of America and to all bereaved families, including those who lost their loved ones on flight 587. The ripple effects of those acts have resonated in locations far removed from New York City, Washington, D.C., and Pennsylvania, aggravating economic and social conditions and seriously disrupting efforts aimed at meeting the many challenges confronting the United Nations and the international community. In short, in one way or another and to a lesser or greater degree, we are all victims of those acts of terrorism that were visited upon the United States of America two months ago. The Commonwealth of Dominica condemns, without reservation, what is undoubtedly the worst terrorist act of our times. We are in strong accord with the sentiments and mandates contained in Security Council resolutions 1368 (2001) and 1373 (2001) and General Assembly resolution 56/1, all of which call 2 upon the international community to take unified and cooperative action to prevent and eradicate acts of terrorism. We understand the need for the exercise of the right of self-defence in pursuit of those objectives, and we support the actions being taken to bring justice to the perpetrators, organizers and sponsors of the terrorist acts of 11 September 2001. Cognizant of the importance of international cooperation in the fight against terrorism, Dominica has proceeded to establish a task force to put in place the necessary legislative and executive measures for the implementation of Security Council resolution 1373 (2001). But to be effective beyond the immediate crisis, counter-terrorism measures, mechanisms and strategies must be sustained through a comprehensive approach that seeks to create and strengthen, through the United Nations, a legal framework against international terrorism, complemented by strenuous efforts aimed at improving the social and economic conditions which adversely affect the poor and dispossessed. Beyond the immediate peace and security issues affected by the events of 11 September, there has been a considerable impact on the global economy, which has been thrown into an accelerated decline, with consequences that are particularly disturbing for small developing countries like the Commonwealth of Dominica. In the Caribbean there is strong evidence of damage to vital sectors of our economy, such as tourism, financial services and agriculture. The actual and projected losses of jobs in the region are in the thousands, and for those countries that were already experiencing fiscal pressures the prospect of higher unemployment and decreased revenues is daunting. Complicating the problem is the great concern that in the fight against terrorism and in the drive to enforce counter-terrorism measures, certain areas in which developing countries in the Caribbean region have a competitive advantage, such as the financial services sector, may be subjected to inordinate pressure and be unfairly targeted and linked to illegal activities such as money-laundering. We are convinced that well- regulated, competitive tax jurisdictions should be treated separately and distinctly from illegal activities such as money-laundering. The Commonwealth of Dominica remains firmly committed to the struggle against international terrorism to the same extent that we strive to ensure that our financial services sector, a major pillar of our economic diversification thrust, does not provide support to the perpetrators of criminal activity in the financing of terrorism. The current effort against international terrorism is important, and our focus on that activity is warranted. There are, however, other dimensions of the global agenda which should command the attention of the international community and the United Nations. They cannot be relegated to the back burner of our concerns. They comprise a wide range of economic, social, political and humanitarian problems faced on a daily basis and, for the most part, by the poor and disadvantaged of the world. Indeed, some of them are likely to be exacerbated by the fight against terrorism, and their successful resolution will continue to be the greatest challenge of the United Nations and the international community. At the Millennium Summit last year there was general agreement on the issues needing urgent attention and the goals to be achieved. One year later those goals appear to be as far from being realized as ever. Commitment appears to be lacking on all fronts. The objective of a 50 per cent reduction in the number of persons living in poverty worldwide by the year 2015 suffers from the perennially tepid effort to deal with the root causes of poverty. Contributions from the industrial countries are woefully inadequate, and the required adjustment of the strategies of the international financial institutions is slow in coming. The outcome is less than desirable in creating and maintaining an enabling environment for the more effective management of projects geared to poverty reduction. That lack of commitment is evident in other areas. A year after the Millennium Summit and six months after the General Assembly special session on HIV/AIDS, the international community seems to have lost interest in a crisis that the Secretary-General labelled the greatest public health challenge of our times. As front-page news, HIV/AIDS claimed attention for only a short time after the special session, but the disease claimed millions of lives last year and created millions of orphans in sub-Saharan Africa, which continues to have the highest rates of infection. The Caribbean region ranks a close second. The Global Fund for AIDS and Health proposed by the Secretary-General is clearly not realizing its spending target of $7 billion to $10 billion, and will not be able to achieve the stated goal of reversing the 3 spread of HIV/AIDS by 2015, as declared by world leaders at the Millennium Summit. The majority of people infected with HIV/AIDS live in the developing world and the high incidence of HIV/AIDS infection is considered a function of poverty. The circularity of the problem has tremendous implications for economic development, poverty reduction and efforts to raise living standards in developing countries. The accepted premise is that international development cooperation plays a vital role in the development of the mechanisms necessary for enhancing the trade competitiveness of developing countries, strengthening financial systems, and developing human resources, but that role is clearly undermined by the declining trend in official development assistance (ODA). Once again we see the lack of commitment to the fulfilment of a stated goal. It is generally accepted that were industrialized countries to meet their promised official development assistance of 0.7 per cent of gross national product (GNP), the countries of the developing world would be much nearer to solving many of the problems with which they are plagued. As a substitute for the failed promise, developing countries have been told to place greater reliance on foreign direct investment, most of which bypasses the most needy and the smallest economies. The Commonwealth of Dominica falls into that category of States for which official development assistance is vitally critical to the development of their economies. That is why the Commonwealth of Dominica and other States in the region attach such importance to the convening of the International Conference on Financing for Development, which will be held in Mexico from 18 to 22 March 2002. Given the changing global realities that are impacting adversely on the economies of developing States, the Conference will provide an opportunity for us to assess the impact of declining official development assistance and for creating new mechanisms for financing development. Over the past several years and in many different forums, particularly in the World Trade Organization (WTO), we have been calling for the formal recognition of the special problems facing small vulnerable economies. We fear that without such recognition it will be impossible for small States to be fully integrated into the multilateral trading system of the globalized world. Our fears have been confirmed both by the generally poor performance of small States under WTO arrangements and by a very authoritative report by the World Bank and Commonwealth Secretariat on the issue of smallness and vulnerability. The unique characteristics of small vulnerable economies, which have been articulated in numerous studies, give a clear indication of the challenges that these economies face in improving their development prospects and in adjusting to liberalization and globalization. Many of these economies are at a crossroads. The reality is that trade preferences are eroding; official flows are declining, while historical ties with former partners in development are fading. It is therefore imperative that in order to prevent further marginalization of small economies, steps must be taken in the multilateral trading system and elsewhere to address the concerns of those economies and to ensure their growth and development. The exclusion of the Republic of China on Taiwan from membership of the United Nations makes little sense in today’s world of globalization and interdependence, particularly in light of the fact that this sovereign State, with a democratically elected Government, is the world’s seventeenth largest economy, the fifteenth largest in international trade, the eighth largest foreign investor, the fourth largest in terms of foreign exchange reserves, and the third largest exporter of information technology (IT) products. The Commonwealth of Dominica intends no interference in the internal affairs of any Member State, nor can such interpretation be validly applied to our action. Our plea is a simple call for justice for the 23 million people of the Republic of China on Taiwan and an appeal for the recognition of their right to be treated in international affairs no differently from citizens of any other country. The eleventh of September 2001 will undoubtedly be remembered for the horrifying nature of the terrorist acts, the magnitude of the senseless destruction of lives and property and the forced recognition of our common vulnerability. But the heroism, the extraordinary fortitude and selflessness of ordinary men and women, and the demonstrated triumph of the human spirit over the worst manifestation of evil, inspire us to hope that with dedicated commitment we can create for all mankind a world that is measurably better than that which we have today. The time to begin is now.