First of all allow me to say how pleased we are at your election as President of the General Assembly at its forty-ninth session. Since you are such an eminent statesman, we are certain that this session will be a resounding success. We hail the work accomplished by Ambassador Samuel Insanally of Guyana, who presided over the recently concluded session of the General Assembly. We are grateful to Mr. Boutros Boutros-Ghali, Secretary-General of the Organization, for the fine job he is doing, reflecting his constant concern with helping to build a more just and progressive world society on the basis of the purposes and principles of the San Francisco Charter. This past May, the Panamanian people completed an irreproachable electoral process. The results now make it possible for us to undertake the democratic reconstruction of the State, with broad-based and cooperative participation by all of Panama’s various social groupings. This has made it possible for us to develop promising new relations of understanding and cooperation with the Government of the United States, grounded in a common resolve to fulfil on schedule the timetable established by the Torrijos-Carter Treaties on the Panama Canal and associated territories. Furthermore, we are seeking to extend our relations, as partners and friends of the United States, into fields that will facilitate the solution of regional and world problems affecting the stability of areas of common interest to both nations. With maturity, and an intense sense of dignity and patriotism, the Government of Panama is embarking on a new era in our relations with the United States. Thus these Treaties today are becoming once more for our two nations what we intended them to be when they were signed 17 years ago: the feasibility of a great Power and a small country working together, peacefully, to achieve mutually beneficial results on matters that previously gave rise to confrontation. Furthermore, this is in keeping with the principles of international law and gives us all new cause for hope concerning the new era the world is now seeking to establish. Pursuant to those Treaties, the Government headed by Mr. Ernesto Pérez Balladares intends in a responsible manner to put into effect the timetable of reversion to Panama of all the lands, waters and installations that form the Canal and its contiguous area. Similarly, we intend to ensure full demilitarization of the waterway and, consequently, we are planning as of now the prompt conversion of the foreign military installations there into industrial and trading posts of international interest, whose operations will be carried out just a few scant yards from the vessels that pass through day by day, heading towards all points of the compass. The decisions we have taken will ensure that this strip of territory will become one of the most attractive areas for investment in the Atlantic, the Americas, and the Pacific Basin. Despite Panama’s intense economic and cultural energy, it is a small country. Hence developing this project will require international cooperation. In the short term, the new Panamanian Government intends to coordinate this cooperation in order to take the best possible advantage of a tremendous potential. In this context, we shall convene in 1997 the World Congress on the Panama Canal to commemorate the twentieth anniversary of the signing of the Torrijos-Carter Treaties. This event will bring together the users of the Canal and the potential users of the associated facilities - shipbuilders, industrialists, financiers, technical experts, planners and leaders of higher education - to consider the scope and orchestration of the entire development project for the Panama Canal and the Panamanian nation. This Congress will also be an arena for the display of technology-, media- and communications-related products, as well as for interoceanic and intercontinental trade. It will therefore be of particular importance in gauging the scope of the new world trend which we now call "globalization". For this reason, we intend to plan this Congress with the cooperation of the United Nations as well as that of the two countries which, in their time, were engaged in the construction of the Canal - France and the United States. There is another facet to this situation, however. We Panamanians have convincingly proved our ability to efficiently administer and operate the existing Canal; we shall demonstrate this once again at the World Congress. Yet we wish to make further use of these skills, and this desire forms the basis for the projects tied in with the current, final phase of implementation of the Torrijos- Carter Treaties: by this, I mean the international university conglomerate that we call the "Ciudad del Saber", "the City of Knowledge". In this area, and with the excellent infrastructure facilities that will soon revert 22 to Panama, we can bring together, in the best possible physical environment, faculties and departments of the major universities interested in studying subjects related to the next century and its prospects - subjects such as communications and telecommunications, naval and air transport, computer technology, international trade, the environment and sustainable development, as well as economic and business relations between our Americas and the Pacific basin. Thus conceived, the City of Knowledge will replace military bases and foreign soldiers with an international conglomerate of universities and a great army of students and teachers from all corners of the world. This will be the best possible way to celebrate the end of the cold war and the development of new world circumstances, while at the same time making the new era accessible to many thousands of our young people. We are certain that this project will receive the necessary international cooperation and the support of the United Nations system. There is another issue of similar, worldwide interest that deserves the attention of this forum. Although it is an interoceanic passageway, the Panama Canal is fed exclusively by fresh water. For this reason, its existence, the quality of its services and the possibility of expanding them depend on the renewal of its forests and the attention to the environment that is indispensable to feeding its basin, guaranteeing the water supply and making it possible for the Canal to operate. This basin has suffered disturbing deterioration, which, should it continue, could jeopardize the services provided to the world by the Canal. Conscious of its responsibilities, our country has begun a series of national and international consultations with a view to devising a campaign that would secure the technical and financial resources needed to ensure the environmental conditions required for the improvement and optimal use of the Canal. This campaign could perhaps serve as a symbol of international cooperation in ensuring appropriate use of resources necessary to mankind. Our country has recently rejoined the Rio Group - of which we were one of the initial promoters - as a full member. With respect to foreign policy, we fully concur with the purposes, declarations and agreements adopted by this group. We Panamanians are sincerely resolved to expand our political dialogue and economic cooperation with neighbouring countries. To this end, we are pursuing the process of integration with the countries of Central America in all ways that can be mutually beneficial. Because of its history and traditions, as well as for reasons of geographical proximity and economic affinity, Panama will be promoting links and integration with its South American neighbours, with which it shares the ideals of Bolivar. At the same time, the great trading opportunities afforded us as a result of the reversion of the Panama Canal and its adjacent areas make it incumbent on us to strengthen our links with the countries of the Pacific basin, and to work together on projects and activities of mutual benefit. For similar reasons, Panama, which already has a special relationship with the United States - a relationship that is taking on special significance today - intends to seek membership in the North American Free Trade Association, whose current members, Canada, the United States and Mexico, are certain to play a significant role in ensuring the best possible use of the Canal areas that will revert to Panama. In recent times, the international community has noted symptoms of repeated crises in certain parts of the Caribbean area. Indeed, on certain specific conditions, Panama has offered parts of its national territory to help provide a temporary solution to the problem of the Haitian and Cuban raft and boat people. This gesture has been motivated solely by humanitarian considerations, without political or diplomatic implications. We shall continue to act in this manner, especially when it is useful in providing a grace period during which a peaceful, and agreed solution to the underlying causes of these problems may be found. In the case of Haiti, my Government is particularly gratified that an agreement was reached which allowed for the landing of multinational forces in accordance with the relevant Security Council resolution and without the trauma of an invasion by force. We believe, none the less, that Haiti’s problems will be solved only when all aspects of the Security Council resolution are fully implemented and, in terms of socio-economic issues, provided the international community helps eradicate the causes of the poverty and backwardness which persist there. With respect to the situation in the fraternal Republic of Cuba, we believe that the causes underlying the 23 conflict must be addressed. For this reason, my Government favours reforms which, through the exercise of self-determination, would guarantee the establishment of a multi-party democracy there. Furthermore, my Government is in favour of lifting the economic embargo that is such a burden on that country. Only by acting simultaneously on both fronts will it be possible to overcome this crisis. We are fully ready to assist the fraternal Caribbean nation of Cuba. With the conclusion of the cold war, the world is focusing most of its attention on other problems, new and old, which now make up the world agenda - problems such as the current restructuring of systems of economic relations and international politics. It must be stressed that in the handling of the phenomena known as "globalization", it is vital to establish a new order which will take into account the realities, interests, sovereign rights, and just aspirations of the small countries and the developing nations in general. Any development which, out of selfishness, indifference, inattention, or the like, fails to meet this requirement, will inevitably condemn us to a world riddled with yet further imbalance, marginalization and instability. Mankind’s hopes for the twenty-first century will be realized only if together we are able to build a much fairer, more equitable and more balanced future. This applies to all countries, be they rich or poor, weak or strong. Specifically, such a future requires that we embark immediately on a vigorous programme of common and coordinated actions to eradicate mankind’s greatest problem: poverty. Panama declares again today, before the Assembly, that it is willing to join the international programmes to combat poverty and promote solidarity and social equity, as well as those aimed at promoting a better quality of life for the sectors that are most deprived and least fairly treated. In particular, Panama will commit itself to efforts to improve the social situation of the family and of women and children. In respect of this universal aspiration, women in Panama have already attained positions of relative importance in both political and professional arenas. Today, for the first time in the history of our Republic, the deserving President of our legislative organ is a woman who is a popular leader, while in our last elections another prominent female politician was a candidate for the presidency of the Republic of Panama, and she now leads the major opposition party. We are also proud to see Panamanian professional women serving in the Cabinet of Mr. Ernesto Pérez Balladares and as judges on our Supreme Court of Justice. In short, women in Panama play a leading and powerful role in all aspects of our political and private life, and they are often at the forefront of our technical, scientific and professional development. For this reason we shall continue to support actions that make it possible for women to achieve full and effective equality of rights and opportunities in an increasingly competitive world. On another question, my country has decided to tackle firmly and unequivocally the problems of drug- trafficking, money-laundering and terrorism. We are currently devising a strategy to combat these terrible evils that imperil the very existence of our nations. We favour the development of joint, coordinated action on the international level. The community of nations faces a great challenge in these grave problems, and we fervently appeal to the Governments and the peoples of Latin America to create a powerful organization to combat them. In another area, Panama is particularly attentive to the discussions aimed at defining a new role for the United Nations and the corresponding structural reforms this world Organization requires. With regard specifically to the structure of the United Nations, Panama believes it is necessary to increase the representativity of its most important decision-making bodies. In particular, my country believes that the Security Council must be enlarged. Panama wishes to reiterate that, whatever approach is taken, Latin America’s participation in that body should be increased and Latin American countries should be given consideration as possible permanent members. I am pleased to state that the new democratic Government of Panama fully accepts the commitment to bolster and enhance its presence in international agencies, where it is a Latin American and Caribbean voice that remains faithful to the rightful aspirations of the developing countries. This decision is reflected in the speech delivered by Ernesto Pérez Balladares when he was sworn in as my country’s President. He said: "This is the new face that Panama is showing to its friends abroad. We are no longer at the stage of seeking solidarity on the Canal Treaty in order to regain the benefits of our geographic position. Now we want to begin our participation in the new world that is challenging us all and to make known the 24 potentialities of our geographic position, our desire to take advantage of all opportunities properly, fairly and respectfully, in the pursuit of an aggressive foreign policy free of complexes and capable of helping us surmount the challenges of the next century. We are friends to all. We are foes of none." We look with optimism on the development of mankind and, in particular, that of my country. We will pass the baton to our young people on our country’s path of progress, peace and justice. Finally, on this occasion I also take pleasure in wishing you, Mr. President, every success in your task of leading the General Assembly.