Belgium echoes the congratulations that have been extended to Mr. Miguel d’Escoto Brockmann on his election as President of the General Assembly at its sixty-third session, and wishes him every success. During the past year, the international community has faced unprecedented challenges. As we gather here in New York, a major crisis of confidence is shaking the financial markets. This has an impact, of course, on the world economy. The spectre of a global recession has been added to the already onerous challenges that have arisen in recent times, such as the food crisis, the A/63/PV.13 15 08-53122 spike in energy prices, global warming, terrorism and the danger of nuclear proliferation. In addition, our world is changing and becoming increasingly multipolar. In that regard, 8 August 2008 will remain symbolic: the very day on which China offered us the unique spectacle of the opening of the Olympic Games, Russia and Georgia were colliding in a conflict with harmful repercussions for peace on the European continent. The very foundations of the balance that had existed since the 1990s seemed to be called into question. This uncertain situation has far- reaching consequences for international organizations. We could imagine that, in the face of these enormous challenges, all the world’s countries would come together to combat them jointly. Unfortunately, that is hardly what is happening. Belgium believes that only through close cooperation and enhanced multilateralism will we be able to respond to these challenges. More than ever, whether we like it or not, we are in a situation of mutual dependence. Crises affect all of us, and the actions taken by some have an impact on everybody else. That is particularly true for the current serious financial crisis. If we can stabilize the financial markets in the coming few days through proactive measures, that will benefit not only the major banks and their employees, but also the entrepreneurs, consumers and citizens of the whole world, including those in the least developed countries. Those countries have already been heavily affected by the sharp increase in the prices of agricultural and energy products and are the least equipped to deal with a tightening of credit conditions. Stabilizing the markets is certainly necessary, but it must not make us lose sight of the lessons to be learned from the crisis and the corresponding medium- and long-term measures to be taken to ensure that the world does not again become victim to financial management that at times is risky and immense speculation with borrowed money. We are well aware that the crisis goes far beyond the capacity of a single country, however powerful it may be. Better regulation of financial markets and the drawing up of control regulations are essential, in particular with regard to short selling, hedge funds and structured products. That is a task that can be undertaken only at the international level, in close cooperation among the world’s economies. Understand what I am saying: Belgium is convinced of the advantages of globalization and free trade. We must not forget that thanks to that globalization of trade, in recent decades the world has seen remarkable development and that hundreds of millions of men and women have escaped extreme poverty and today have a better daily life, even if the sharing of wealth still remains too unequal. The developed countries have the duty to spearhead a better organization of the financial world. The European Union has already taken steps in that direction, and we welcome that. However, there remains much to do. Here, I make an appeal that we embark on that task together, with energy and dedication. The emergence of new economies is an asset for the world. Ever more countries are determined to become players in the international system. They must take their due place, as the French President emphasized last Monday on behalf of the European Union (see A/63/PV.5). It is also in everyone’s interest to demonstrate responsibility. I would like to stress today that the emerging economic Powers, from Brazil to India and from China to South Africa, have, more than we do and more than ever, a need for trade that is both open and fair to continue to develop their economies at the pace they deserve, without however causing imbalance in the pillars of international trade. Here too, we must again find the constructive political will necessary to restart the Doha trade negotiations that unfortunately failed in Geneva last July. We all must also show ourselves to be responsible players, in order to try and find solutions to the challenges posed by the food crisis and the huge increase in energy prices and to combat the causes and effects of climate change. Those challenges we face, issues that are extremely complex and closely interlinked, are different facets of one and the same question, a question that is at the heart of the concerns of my country: that of sustainable development. None of us can resolve these problems alone. They call for solutions at the world level. It is thus crucial that we successfully conclude in December 2009 the negotiations for a global agreement on climate, as we pledged in Bali. Nor is it by closing in upon ourselves that we shall reduce the huge inequalities that still characterize A/63/PV.13 08-53122 16 global development. Better distribution of the fruits of economic growth is a world responsibility that concerns us all. The Millennium Development Goals must remain our main guiding principle. The Follow- up International Conference on Financing for Development to Review the Implementation of the Monterrey Consensus, which will take place in Doha at the end of this year, will be an important moment. The developed countries must do more, and I reiterate Belgium’s determination to achieve the objective of devoting 0.7 per cent of its gross domestic product to official development assistance by 2010. However, this is a shared responsibility, which first and foremost falls to the Governments of the countries involved. That is why Belgium will continue to work actively in promoting the concept of good governance. In that regard, the issue of natural resources is particularly important to me. It is not a matter of calling into question the sovereignty of any country. But sovereignty also carries with it responsibilities — indeed, responsibilities first and foremost. Natural resources may be a driving force of development to draw populations out of poverty if their exploitation is undertaken in a transparent way to benefit the economy of the country. Unfortunately, experience shows that frequently that is not the case and that illegal exploitation often fuels conflict. Therefore, we must work towards achieving greater transparency and fighting illegal exploitation. That is why Belgium organized last year a debate on that subject in the Security Council (see S/PV.5705), and why it would like extensive debate on natural resources during the current session of the General Assembly. As a member of the Security Council, Belgium has had the opportunity to be at the heart of the international system. That has bolstered our conviction that we can meet those great challenges only through increased international cooperation and has further strengthened our determination to work for effective multilateralism. The key to that effectiveness is not to be sought only in structures and mechanisms. It lies also and above all in our political will to make them work and together to find solutions to our common problems. Here, I note with regret a certain turning inwards, even a return to sovereignty-based concerns. I want to be clear: I have great respect for the sovereignty of States. That goes without saying. That is one of the fundamental principles upon which our international system is founded. However, being a sovereign State also means that a State must shoulder its responsibilities in the international community, even more so with regard to its own population. Being a sovereign State does not mean that it can neglect the needs of its citizens in terms of development, security, the rule of law and human rights. Sovereignty does not give carte blanche for conduct that is incompatible with the values and commitments to which we have subscribed within the United Nations. Sovereignty must be a force for good, and not an excuse for a State not to meet its responsibilities and to avoid its international and humanitarian obligations. Otherwise, it becomes what I would call souverainism: an abuse of sovereignty behind which to hide and escape its duties. Too often the argument of respect for sovereignty prevents the international community from acting when the situation in a country is deteriorating before our eyes, resulting in the population suffering and an increase in serious human rights violations. The examples are well known and strike us all. Myanmar, Darfur, Zimbabwe and the eastern Congo all confront us with a responsibility to protect, a responsibility that the international community is called upon to exercise when a sovereign State cannot or, worse, refuses to assume that responsibility. That can be undertaken through humanitarian instruments, the civil administration of crises, peacekeeping or peace- restoration missions, or, earlier on, crisis prevention. In that context, I wish to speak of combating impunity. Belgium is convinced that there cannot be lasting peace without justice. That principle guides our foreign policy. It is achieved in the first place by bolstering the rule of law and justice at the national level before, during and after a conflict. For the gravest crimes, we actively support the development of international criminal law. This is not the time to let any doubts persist with regard to our active support for the International Criminal Court by putting forward, as some do, other, more regional solutions. That is particularly true now when the Court is preparing its first trial. Peace and security are the responsibility of the international community as a whole, and it is in that spirit that Belgium approached its mandate in the Security Council, nearly two years ago: seek constantly, in a constructive and non-dogmatic manner, A/63/PV.13 17 08-53122 the best way to move things forward. It is particularly pleased with the progress in crisis management and the extraordinary expansion of peacekeeping operations. From that perspective Belgium calls for a renewal of the United Nations Organization Mission in the Democratic Republic of the Congo with a strengthened mandate, which is a key factor in maintaining in the eastern Congo the prospects for settling the crisis and avoiding a Somalian scenario. Belgium also welcomes efforts of regional organizations and their collaboration with the United Nations. I am thinking, for instance, of the European Union alongside the United Nations in Chad and the Central African Republic. We need to make further progress with regard to an integrated and comprehensive approach to conflict resolution. The establishment of the Peacebuilding Commission is a real step forward in that area. That is why Belgium has assumed the chair of the country- specific configuration on the Central African Republic. Major progress has been made, but much remains to be done, in particular in order to better help countries during that delicate phase when they are emerging from crisis. We will soon celebrate the sixtieth anniversary of the Universal Declaration of Human Rights. That will be the time for us to remember the values that it represents and that we all share, and to which we all subscribed and which we should implement for the benefit of our citizens and for greater well-being throughout the world. It is a responsibility that we must remember, particularly since it seems to be called into question at a time when we are faced with the major challenges that I have just described. Together and on the basis of our shared values, we should assume those responsibilities. That is the real challenge. It is not through less, but more international cooperation and multilateralism that we will achieve solutions.