I am speaking for the first time as Head of State. However, in 1977 I appeared with my country’s delegation before the Trusteeship Council, seeking independence. In 1994, the trusteeship ended and we took our place as a Member of the United Nations. Our independence is testament to the success of the International Trusteeship System, for which we are grateful. The legacy of our experience is a Constitution that incorporates the rights and freedoms enshrined in the Universal Declaration of Human Rights: freedom, democracy, equal protection and the rule of law. We thank the permanent members of the Security Council, which recognized our sovereignty: the United Kingdom of Great Britain and Northern Ireland, the French Republic, the Russian Federation, the People’s Republic of China and the United States of America. The United States was our Administering Authority, and we express our deep appreciation to it for becoming our close partner under the Compact of Free Association, a relationship we cherish and one that we hope will endure. As a new and young Member, Palau has shouldered its responsibilities in the community of nations, including the deployment of peacekeepers to Darfur, Timor-Leste and the Solomon Islands. When signing international conventions and meeting our counter-terrorism obligations, as set forth by the Security Council, we remember and honour the legacy of the United Nations. While our political progress has been satisfactory since independence, I must report to you that we are now confronted with several looming threats to our continued peaceful way of life, and indeed to our very existence. Climate change, environmental degradation and the world financial crisis are challenges that we will only be able to overcome if we work with the international community. We associate ourselves with the statements of concern on climate change which we heard in this Hall earlier this week. We applaud the commitments made and note that we must use our best efforts to stop this slow-moving tsunami that threatens to engulf us. To this end, Palau and our neighbours in the Federated States of Micronesia and the Republic of the Marshall Islands have adopted a joint policy, known as Green Energy Micronesia (GEM) to move to renewable energy as a pillar of our collective energy security. Furthermore, Palau has signed the Statute of the International Renewable Energy Agency, and we look forward to the exciting work that will emanate from the United Arab Emirates. We are hopeful that the combined efforts of all our nations will lead to a fruitful outcome in Copenhagen. We note in particular the statement of the new Prime Minister of Japan, Mr. Yukio Hatoyama. Japan’s vision and commitment to save our planet are inspiring. This is one of the many reasons we support a permanent seat for Japan on the Security Council. We reiterate that climate change is indeed a cross-cutting issue and that all aspects of it, especially the security impact of climate change, need to be examined. This is why Palau and the Pacific Small Island Developing States initiated General Assembly resolution 63/281, on “Climate change and its possible security implications”. We look forward to meaningful action by the Security Council on that resolution. Palauans have lived throughout history in symbiosis with the sea. Now, though, the sea, which has long been the source of our sustenance, is simultaneously rising in rage to destroy us and becoming barren. This fury was caused by abuses by humankind, and we therefore must take every necessary action to allow the oceans to heal themselves. In days gone by, the traditional chiefs of Palau would declare a bul — a moratorium to protect a resource that had become scarce. This traditional concept, now popularly known as conservation, shows the way for us to move forward. As Mahatma Gandhi said, “Earth provides enough to satisfy every man’s need, but not every man’s greed”. This is why the world must declare a bul on destructive fishing practices like deep-sea bottom trawling, unsustainable harvesting of shark for their fins and overexploitation of tuna stocks. The odious fishing practice of bottom trawling, where a weighted net is dragged along the sea floor, crushing nearly everything in its path, is contributing to the rapid loss of a critical ecosystem, our coral reefs. We have outlawed deep-sea bottom trawling in Palau, but, no matter what we do in our own waters, there must be an international solution. For several years, we, along with our Pacific neighbours, have advocated a 09-52463 8 moratorium on this practice. The sustainable fisheries resolution adopted by the General Assembly in 2007 (resolution 62/177) urged nations and regional fishery management organizations to stop trawling in sensitive areas by 2009. We have waited for compliance, which has not come, and we now renew our call for a worldwide moratorium on this practice. An equally destructive fishing practice is shark- finning. We have banned it in Palau and call upon the world to address this issue in order to save sharks from extinction. The physical strength and beauty of sharks are a natural barometer of the health of our oceans. Therefore, I declare today that Palau will become the world’s first national shark sanctuary, ending all commercial shark fishing in our waters and giving a sanctuary for sharks to live and reproduce unmolested in our 237,000 square miles of ocean. We call upon all nations to join us. The need to save sharks and our environment far outweighs the need to enjoy a bowl of shark’s fin soup. It is anomalous that Palau is experiencing economic difficulty while it sits in the middle of the richest fishing grounds in the world, the Pacific Ocean. We can no longer stand by while foreign vessels illicitly come to our waters to take our greatest resource, our tuna stocks, without regard for their conservation and without regard for adequate compensation to the island States that own the fishing grounds and rely on this resource. Palau believes that the best model for a regional effort to conserve our tuna resources and maximize the benefits to us is the Organization of Petroleum Exporting Countries (OPEC). I will therefore work for the establishment of OTEC, the Organization of Tuna Exporting Countries, and I now call on our friends in OPEC to come forward and help us to understand and obtain fair value from our threatened resource and to make tuna fishing sustainable. I come now to the economic crisis that my country is facing. As a developing nation, we are grateful for the grants provided by our allies and partners to advance our development. They have been helpful. Mr. Martínez Bonilla (El Salvador) Vice- President, took the Chair. But we must acknowledge that outright grants do not always create meaningful employment. Jobs created are illusory and temporary. In the absence of a strong local economy, our children, our most valuable resource, are leaving our shores for opportunities elsewhere. The continuing downward cycle created by their departure must be stopped, or else it will destroy the very fabric of our society. Our allies and partners can help us stop this cycle by promoting the development of private enterprise through investment in our country. We need capital and entrepreneurial expertise. I implore our allies and partners to consider providing incentives to their nationals to encourage them to invest in our islands, to come to our islands and launch partnerships with our talented people to create a viable economy. Let us once and for all put aside the fiction that we need handouts. What we need are partners and investment to help advance our economy, put an end to the out-migration of our people and propel Palau towards economic self-sufficiency. We note with satisfaction the decision by the People’s Republic of China to invite Taiwan to attend the World Health Assembly. The health and safety of the world’s peoples are at the heart of the ideals of the United Nations. In order to further promote those ideals, we recommend that Taiwan be invited to participate meaningfully in the International Civil Aviation Organization (ICAO), the United Nations Framework Convention on Climate Change coming up in Copenhagen and other international organizations and forums. We have heard the voices of world leaders from countries small and large, powerful and vulnerable. We have heard the voice of science. Let us heed those voices, fulfil our obligations to our people, now and in the next generation, and work for a strong economy and a healthy planet.