Allow me to begin my statement by expressing the pleasure of the Government and people of Panama on your well- deserved election, Sir, as President of the General Assembly at its fifty-seventh session. We fully supported that election. We value your understanding of most of the issues that are the subjects of debate in this world arena and the opportunities afforded us by the experience that you have gained in your homeland, along with that in general of the peoples of Eastern Europe, a region that, in recent years, has been the crucible of the most complex problems and, at the same time, the most innovative solutions. I also pay tribute to the extraordinary work of Secretary-General Kofi Annan, who has made undeniable and productive efforts to achieve reconciliation among peoples living in the midst of conflict. I wish to express my satisfaction at having been able to stand with the American people at the commemoration of the first anniversary of the tragic events of 11 September. Images of the moving and, above all, authentic homage paid yesterday morning will remain graven indelibly in my memory. If the nationalities of the heroes had been noted along with their names, we would undoubtedly have understood more clearly that this crime was an assault not only on the United States of America, but on the whole of humankind. Terrorism has become the gravest threat to international security and to the environment of peace that has gradually gained ground throughout the world. This has come at the price of an immense sacrifice in 13 terms both of human life and of resources that should be devoted to promoting the collective well-being of our societies. That is why terrorism must be defeated utterly, using all means available to us, wherever it may be found. With such resolve, Panama has taken specific steps, ratifying the major international instruments against terrorism and adopting and implementing domestic legal norms designed to control the sources of financing. In the context of this collective endeavour, our country has chaired the Committee on Hemispheric Security of the Organization of American States, seeking thereby to adapt to our realities all instruments that are relevant to this issue, while strengthening mechanisms of cooperation in the fight against terrorism. In the light of that commitment, on 7 March we ratified the Rome Statute creating the International Criminal Court and deposited our instruments of ratification with the United Nations on 21 March. We firmly believe that, as stipulated by the Statute, we must end the impunity of those who commit appalling crimes against humanity, regardless of the charges brought by the victims and of the immunities that may have been extended to the perpetrator within or outside his own country. However, the fight against terrorism and the abuse of power that hinders democracy and undermines human rights must go hand in hand with genuine growth opportunities for the developing countries. The Republic of Panama has unreservedly assumed the commitment to broadly disseminate the Beijing Declaration and Platform for Action on women, as well as to implement the Platform's 12 critical areas of concern. We also reaffirm that the progress of nations must be based on sustainable development, guided by the commitments undertaken at Rio de Janeiro and the relevant processes culminating at Johannesburg, with all their agreements and initiatives. Our foreign policy is based on the fundamental values of our people, such as the promotion of democracy and good governance, solidarity and international cooperation. For that reason, we have embraced the free trade option, but, as we indicated in Monterrey in March 2002, a more equitable economic regime must be consolidated that will enhance opportunities for cooperation, address the question of our external indebtedness and stimulate free trade based on equity and symmetry. In that context, we currently host the interim secretariat for the Free Trade Area of the Americas, aspiring, as we have demonstrated, to become the site of the permanent secretariat in 2005. Panama is moving firmly in the right direction, addressing the far-reaching themes of the new millennium with the active participation of society. It is modernizing the State administration, tackling the need to modernize its educational and social security systems and developing its rural sector. At the same time, we are beginning to forge a new industrial strategy with tools that will give us access to international markets on a competitive footing in terms of price and quality. At the same time as the Panama Canal is being rapidly modernized to respond to the demands of world trade, we are enhancing our democratic stability through increasingly efficient and transparent processes. We respect and support human rights, particularly the freedom of expression, and we are taking innovative steps to guarantee a promising future for our society. In the context of all of these initiatives, which are repeated in country after country, the United Nations, without doubt, will have to play a much more aggressive role, sustaining and enhancing capacities for political dialogue and preventing the economic domain from assuming that role. For that reason, this revitalizing effort must be supplemented with sustained action, as has been recommended by the Group of Latin American and Caribbean States and other regional groups. Panama hails the way the Security Council has conducted its work over the past year and continues to believe that this important United Nations organ be composed of a larger number of members. However, as we did at the fifty-sixth session of the General Assembly, we stress today that consideration of permanent or non-permanent status must be linked to justifications in keeping with the new vision of the world and that changes must not be introduced that could lead to the permanent distribution of privileges that became manifestly obsolete years ago. 14 Like the rest of the world, we are concerned at the situation in the Middle East, in neighbouring Colombia and in many other parts of the world where international support is still being anxiously awaited. Our Government believes that the benefits of the United Nations system and its various bodies must be extended to the people of Taiwan, while fostering a broad debate with the aim of beginning formal, peaceful negotiations that will lead the people of China to resolve existing differences. Our delegation is particularly gratified at the presence of so many political leaders who have come here in a gesture of fraternal solidarity with all the citizens of the world who were victims of the madness and the evil of groups that do not understand the advantages of dialogue and civilized understanding. We will only be able achieve the lofty goals we are setting at this forum through the unity of those who aspire to live in a fraternal, prosperous and peaceful world. May God enlighten us and guide us in the search for that legitimate aspiration.