At the outset, I would like to join previous speakers in expressing my sincere congratulations to His Excellency Mr. Nassir Abdulaziz Al-Nasser on his election as President of the General Assembly at its sixty-sixth session. We are confident that under his able leadership, our deliberations will be guided towards a successful conclusion. I would like also to take this opportunity to warmly congratulate His Excellency Mr. Ban Ki-moon on being unanimously chosen by the General Assembly to serve a second term as Secretary-General. The Royal Government of Cambodia acknowledges with great admiration his outstanding leadership and untiring efforts to overcome the many current global challenges. Cambodia warmly welcomes the Republic of South Sudan as a new Member of the United Nations. We will continue to dispatch more peacekeepers under with United Nations peacekeeping operations to help with humanitarian activities and demining in that friendly new State. We live in an interconnected world where global challenges such as economic and financial crises, climate change, energy and food security, terrorism and the proliferation of weapons of mass destruction, among others, have become increasingly complex and continue to haunt the entire world. The global economy remains somewhat fragile, and there are many risks and challenges to a durable exit from the crisis. The growth of the world economy has decelerated in 2011, and the global economy now faces three major challenges: sovereign debt, slow growth and social instability. The problem of unemployment has been very severe in the advanced economies, and inflation is emerging in the developing economies. That has created havoc in many parts of the world, as continued instability in the financial sector, especially in the 11-51384 22 United States and the euro zone, has dampened global trade. That has an effect on exports, in particular of developing countries. Therefore, a wide range of policy responses and long-overdue reforms must be implemented to accelerate growth and bring the global economy out of the crisis. The crisis has reaffirmed the importance of reform in global economic and financial governance, including strengthening the institutional role of the International Monetary Fund. Asia has become an essential partner in the global economy and has taken the lead in advancing global recovery. For instance, Cambodia’s economy is growing, after a decline in 2008 and 2009, with an expected growth rate of 8.7 per cent this year. With strong, robust economies, East Asia and the Association of Southeast Asian Nations are well positioned to assume their responsibilities to contribute to addressing the global economic and financial crisis. Although some significant successes have been achieved in attaining the Millennium Development Goals (MDGs), most developing countries, in particular least developed countries (LDCs), will continue to face many huge hurdles on their path to reach the MDG targets. Continued economic and financial instability in the developed world has exacerbated uncertainty in funding for development projects in poor countries. Persistently high fuel oil prices are straining every economic aspect of developing countries. The worsening food security situation is holding back progress in reducing malnutrition and child mortality. The burden of debt repayment constitutes another major challenge for the LDCs in meeting the MDG targets. Faced with these tremendous challenges, poverty reduction remains the highest and foremost global priority. It requires steady economic growth and a more pro-poor policy. In the context of the global effort to meet the Millennium Development Goals, Cambodia has been listed among the 20 countries making the most absolute progress on the MDGs. Last year it was accorded the 2010 MDG Award by the MDG Awards Committee in New York for its outstanding progress towards achievement of Goal 6. There is no doubt that climate change, with its devastating impact worldwide, has become a constant threat to our existence. Drought and flooding have become more frequent and more severe in many parts of the world, affecting millions of people. The current horrific drought in the Horn of Africa represents another most painful tragedy caused by global warming. The threat of climate change is a reality and a huge challenge for the global community. It is regrettable that many of the promises made during the Copenhagen and Cancún meetings of the United Nations Climate Change Conference to assist developing countries cope with climate change remain to be delivered in a timely manner. Now, while the world is facing further financial turmoil, let us not forget that actions on climate change cannot wait. Climate change is progressing every day, triggering more frequent natural disasters. The developing countries are hoping for timely support for their efforts to address, adapt to and mitigate the effects of climate change and to develop clean energy. They call on the developed world to honour their commitments under the Copenhagen and Cancún conferences. The seventeenth Conference of the Parties to the United Nations Framework Convention on Climate Change in Durban, South Africa, in November must not become another delusion but a place to demonstrate our collective will to share the responsibility and to achieve a real breakthrough in facing climate change. While obstacles remain to achieving a binding accord, Cambodia hopes that the Kyoto Protocol, which is due to expire next year, will be extended during the Durban conference. Cambodia, for its part, successfully launched its own initiative, which is called Cambodia Climate Change Alliance, in 2009, with the objective of strengthening our national institutions to deal with climate change risks. Cambodia is also implementing numerous projects within the framework of the United Nations Collaborative Programme on Reducing Emissions from Deforestation and Forest Degradation in Developing Countries while actively promoting adaptation and mitigation measures through our project to promote climate-resilient water management and agricultural practices in rural Cambodia. Food and energy security remain major issues of global concern. Although the recent surge in energy costs has subsided, the price of fuel oil remains 23 11-51384 extremely volatile. High fuel oil prices are a major burden on poor countries, which lack financial resources and know-how to develop alternative and clean energy sources. As the world depends heavily on fuel oil, we should act in concert to prevent unruly speculation and price instability, which have devastating effects on developing countries’ efforts to reduce poverty and meet the MDG targets. It may be time to consider establishing a world body comprised of major fuel oil producers and consumers to ensure a reasonable price limit. The world should not be at the mercy of oil producers. A more holistic approach for addressing energy security is the transfer of relevant knowledge and technology to assist developing countries in exploiting alternative sources of energy. Reduced reliance on fossil fuel will also contribute significantly to slowing the pace of global warming and climate change while reducing emissions of the harmful greenhouse gases produced by burning fuel oil. On the other hand, energy security is closely linked to food security. Soaring fuel oil prices in recent years have not only caused food prices to rise but have also reduced land devoted to agriculture through the change to production of bioenergy as an alternative to fuel oil. A balanced approach must be taken to address that twin problem. Food insecurity is also caused and aggravated by the global financial and economic meltdown and increasing world population. The number of undernourished people in the world remains unacceptably high. Global population growth will inevitably lead to increased demand for both energy and food. For its part, Cambodia is doing its best to contribute to world food security by intensifying rice production as the top priority of Government policy. More and more rice will be available for export. Cambodia is also seeking to establish an association of rice exporters under the framework of the Ayeyawady- Chao Phraya-Mekong Economic Cooperation Strategy, comprised of five rice-exporting countries in South- East Asia: Cambodia, Laos, Myanmar, Thailand and Viet Nam. The association will contribute to stabilizing the food market and preventing speculation in food prices. With respect to global peace and security, one of today’s gravest threats to humanity is terrorism. Despite the enormous efforts made by the international community to prevent and combat acts of terrorism, such acts continue to occur daily almost everywhere in the world. No country has been spared by terrorism. Its networks comprise a vast and complex web of interlinked criminal activities, including money- laundering, weapons trafficking and organized crime. It is therefore time for us to consider whether the antiterrorism measures adopted to date have been sufficient. Cambodia fully supports United Nations efforts to create a global coalition against terrorism. In that context, Cambodia believes that there is an urgent need to finalize the draft United Nations global counter-terrorism convention, which has been discussed for many years within the Organization. The adoption of that convention would strengthen and broaden the legal frameworks to combat those crimes against humanity. On weapons of mass destruction, the international community has made notable progress in recent years in the area of arms control and disarmament. Cambodia welcomes the new Strategic Arms Reduction Treaty signed last year by the United States and Russia, which has made an important contribution towards eliminating weapons of mass destruction. However, existing nuclear weapon stockpiles remain a serious threat to humanity. Cambodia requests States that have not yet signed the Comprehensive Nuclear-Test-Ban Treaty and the Treaty on the Non-Proliferation of Nuclear Weapons to do so as soon as possible, for we all share the responsibility to guarantee a more secure world for all. In that context, Cambodia has participated for several years in demining operations in South Sudan, Lebanon and in other United Nations peacekeeping missions, including Chad and the Central African Republic. The Israeli-Palestinian conflict remains one of the most protracted and volatile conflicts in the Middle East. Cambodia calls on the two parties to manifest political will to overcome their mutual animosity in order create an atmosphere conducive to the resumption of peace negotiations in the interests of both Palestinians and Israelis. 11-51384 24 Cambodia has always supported the creation of the Palestinian State based upon its 1967 borders. In that spirit, Cambodia supports the rights of Palestine to become a full Member of the United Nations at this session of the General Assembly. Moreover, it must be acknowledged that neither Palestinians nor Israelis could live anywhere else. It would therefore be far better if both peoples could live side by side in peace and as good neighbours. Cambodia sees no other solution to that issue. The embargo against Cuba has lasted for too long. Today it is an anachronism, a terrible injustice against the Cuban people, who have been the first to suffer. That is why Cambodia is today renewing its call for lifting this embargo, which has brought the Cuban people nothing but suffering. It is time to end the sanctions and put an end to the long trial they have undergone. Given the changes in the world of today and the multiple challenges they bring, the main bodies of the United Nations should be reformed in order to deal with the problems we currently confront. Cambodia believes that such reform must be comprehensive. If we cannot arrive at a consensus on Security Council reform today, perhaps we should move forward with reform of the General Assembly, so as to give it more power and thus enable it to play a more meaningful role in tackling the great challenges of our time, as the most representative and democratic body of the United Nations. In regard to the Security Council, reforms should ensure that it reflects the realities of today’s world through equitable distribution of representation among permanent and non-permanent members.