My delegation greets and congratulates you, Sir, for presiding over the deliberations of the fifty-fifth session of the United Nations General Assembly — the Millennium Assembly. We pay tribute to your predecessor, Mr. Theo-Ben Gurirab, the distinguished Foreign Minister of Namibia, for his effective and dynamic conduct of the fifty-fourth session of the United Nations General Assembly, including the preparations for the Millennium Summit and the President's Report. Congratulations are also extended to our distinguished Secretary-General, who with great vision conceptualized the Millennium Summit, the execution of which was a great triumph for the United Nations. A hearty welcome is extended to the small sovereign State of Tuvalu, as it joins the family of nations. The Millennium Summit and this fifty-fifth session of the United Nations General Assembly are historic events that provide a unique opportunity to view humanity's progress and face the challenges before us. Indeed, the Summit Declaration sets out a global vision for the twenty-first century. My delegation welcomes the inclusion of commitments to fight poverty, disease, ignorance, injustice, violence and degradation of the environment, among others. In the matter of poverty and disease, the United Nations must address the inequalities that exist around the world. In this twenty-first century, more than 1.2 billion people live on less than one dollar a day. Millions of children and the elderly go to bed hungry. Disease and sickness wreak havoc on the lives of children, men and women. Today the HIV/AIDS pandemic cuts short the lives of millions of people who could be making useful and productive contributions to our world. Trade is vital to the livelihood of Grenadians. For the banana-exporting countries of the Caribbean subregion, which includes Grenada, the export of bananas accounts for a significant percentage of foreign exchange. However, our economies are threatened by the callous ruling of the World Trade Organization (WTO) against the European Union banana regime of assistance to our small growers. Our struggling farmers, with limited acreage, find it difficult, if not impossible, to compete with a transnational corporation. Our farmers need an adjustment period in order to effect the requisite structural changes needed by the new trade regime. We look to the United Nations to call upon the WTO to take into consideration the special structural problems faced by the small banana producers of the Caribbean. 2 We call for corporate responsibility. We appeal for measures to encourage the sustainability of small economies and economies in transition. We urge a more equitable global partnership. You may recall that the Heads of State and Government, including the Prime Minister of Grenada, stressed recently in this very hall the urgency of releasing poor developing countries from their debt burden. The leaders expressed an interest in finding new approaches and new thinking with respect to this problem. A solution should be vigorously pursued with deliberate speed. Debt forgiveness is not a financial loss to the global economy. Rather, it provides an opportunity for stimulation in the depressed and stagnant parts of the world's economy. Investing the dividends realized by debt forgiveness in the economy of the debtor developing countries — especially the least developed and those with economies in transition — would be a major investment in global development. Another area that needs urgent and immediate assistance from the international community is that of natural disasters. The costly restoration of infrastructure and rehabilitation of the productive sectors, especially agriculture and tourism, and the high cost of recovering and rebuilding make the attainment of sustainable development a monumental task. My delegation calls upon the United Nations and its agencies, the International Monetary Fund, the World Bank and other international agencies, as well as the private and public sectors in global partnership, including the Global Compact, to contribute to a wellstructured disaster relief fund, a relief fund that can respond quickly and effectively. A large percentage of the needs of the developing countries in the Caribbean subregion and elsewhere can be met. We look forward to positive developments envisaged from globalization, trade liberalization, information technology and sustainable development. These and other well-conceived programmes must be seriously pursued. Lip service is not enough. As the Secretary-General noted in his report to the fifty-fifth General Assembly on the work of the Organization: “To some, globalization is imbued with great promise; to others, it appears deeply threatening.” (A/55/1, para. 13) The international community must help to ensure that the have-nots are on board this fast-moving train of globalization. All Member States need to share in the opportunities provided by globalization. This would act as a vehicle for international peace and economic security. Removing some of the barriers to trade and capital flow are prerequisites to successful reduction of poverty and disease in the developing countries. This can be mutually beneficial to developed and developing countries. Trade has been the engine of economic growth and development from the days of bartering to the present day of e-commerce and globalization. We therefore regard the unilateral interference in our offshore services sector as an attempt to hinder our trade in services and our role in the global economy. In that connection, my delegation recalls the words of my Prime Minister about the unfair charges levelled against our offshore financial-services sector. “A cartel of high-tax nations, comprising the richest and most powerful countries, has launched a destructive and high-powered attack on our country, accusing us of anti-competitive tax practices. Threats, imperialistic pressures and abuse of power in multilateral organizations are being used to force many small States, including Grenada, to give up our fiscal sovereignty. They have used adverse publicity techniques deliberately to condemn and harm our economies. They have threatened various sanctions, sought to block access to capital funds in multinational organizations and to impose financial protectionism and total ostracism.” That is fiscal imperialism. It tramples on the principle of sovereign equality. It is contrary to international law, and it undermines freedom of competition, global investment and trade liberalization. The role of education in poverty alleviation, in the application of science and technology and in the vast area of information sharing and communications is vital. The Government of Grenada, recognizing the social, cultural and economic potential of education, is investing an increasing proportion of its limited resources to prepare its people to participate in, and benefit from, the information and technology revolution. Towards that end, the Government of 3 Grenada is seeking the assistance of the United Nations Development Programme, the World Bank and agencies and donors of goodwill to establish a new programme of distance learning by means of global computer interconnectivity. Grenada attaches great importance to the convening in 2001 of the United Nations High-level Intergovernmental Event on Financing for Development. My delegation welcomes the attempt to address monetary, trade and financial issues in a holistic manner and in the context of globalization and sustainable development. The international community should not miss this opportunity to focus attention and resources on the pursuit of development, peace and stability. And here, my delegation reaffirms that the root cause of conflict within nations and among nations can be found in some of the injustice done to the weaker members of the international community by the stronger ones. Unless the basics of life — food, clothing, shelter, health and employment — are attained, human rights and the Universal Declaration of Human Rights will be meaningless to those who suffer such extreme deprivations. This is especially so in the context of economic, social and cultural rights, which are downplayed in favour of civil and political rights. Since all human rights are universal, indivisible, interdependent and interrelated, attention to the full range of rights will contribute better to the observance and enjoyment of this noble goal. I join my Prime Minister in paying tribute to, and publicly thanking, the Government and the people of the Republic of China on Taiwan for the assistance given to Grenada with respect to agriculture, marine resources, education, health, culture and infrastructure. The friendship and sincerity of the Republic of China on Taiwan have been a source of strength and endurance for our two countries. 1t is in this spirit that Grenada calls once more for the return of the Republic of China on Taiwan to full membership of the United Nations. A people that diligently works to achieve such high levels of human and technological development and a people that makes such positive contributions to the global economy must become a full Member of this great organization, the United Nations. Finally, we must seek to ensure that the Organization is responsive to the ever-changing global environment. Let us ensure that we address the needs of our peoples. And let us move forward with a United Nations that is prepared to fuel the engine that would bring about more equitable participation in the global community. Let us always put people first and be guided by God.