continue tofindreasonnottoaccedetoit.Ofparticular interest arethe provisions relating totheexploitation andmanagement offisheries. PapuaNew GuineaandotherSouthPacific ForumFisheries Agencycountries havebeen negotiating amultilateral fisheries accessagreement withtheUnitedStates. Weareconcerned, however, thattheUnitedStateshasbeenreluctant to recognize the~ightsofcoastal Statesoverhighlymigratory species withintheir 200-mile economic zone.Furthermore, past e~perience hasshownthatcoastalstates faceaveryrealthreatofeconomic sanctions bytheUnitedStatesforexercising theirrightsovertheir200mileeconomic zone.PapuaNewGuineaappreciates that therehavebeensomechanges intheUnitedStatesattitude, andtherefore, looks forward toanearly,andfavourable, conclusion oftheabove-mentioned agreement. PapuaNewGuinearecognizes thattherecovery thathasbeenunderwayinparts oftheworldeconomy hasspreadunevenly, andhasby-passed entirely alargepart ofthedeveloping world. Inmanydeveloping countries growthanddevelopment have beenseverely hampered, andinsomecountries havehaltedaltogether. PapuaNew Guineaisconcerned attheveryrealriskofmanymoredeveloping countries facing anunmanageable crisisofdebtanddevelopment shouldtheeconomies ofthe industrial Statesfailtoachieve alasting recovery.AP/emv A/:jO/pv .28 17 (Mr.Giheno, PapuaNewGuinea) Inthisrespect, PapuaNewGuineawelcomes theviewexpressed bytheleaders ofindustrial count~ies represented attheBonnsummitinJunethattheprosperity ofdeveloped anddeveloping countries hasbecomeincreasingly linkedandtherefore weshouldallworktogether inaspiritoftruepartnership. Likeotherdeveloping states, PapuaNewGuinea's economic prospects arelargely determined byexternal economic factors whicharebeyondourcontrol. Consequently thenotionoftrue partnership ininternational economic co-operation hasaveryrealmeaning forour economic survival andtheprovision ~~basichumanneeds. Inthis,the40thanniversary oftheUnitedNations, PapuaNewGuineawould liketourgeallMembernations togivearealandpractical meaning tothat partnership. weneedpromptandpractical actionnowifweareserious about dealing effectively withtheimportant challenges thatconfront ustoday. Someof theproposals foractioninclude increasing theresources ofandlending by mUltilateral institutions, strengthening commodity exportearnings, moving decisively tomeeting theOfficial Development Assistance (OOA)targets and ensuring greater andmoresecureaccesstomarkets indeveloped countries. ThePapuaNewGuineaGovernment welcomes thecommitment madebyparticipants intheLondoneconomic summitlastyearandtheBonnsummitthisyeartourge resistance toandreduction ofprotection. But,asIhavealready suggested, what weseekispromptandpractical action. Inaddition, theGovernment ofPapuaNew Guineahasacceded toth~CommonFundsetupundertheauspices oftheUnited Nations Conference onTradeandDevelopment (UNCTAD). MyGovernment doesnotsee Whythereiscontinuing delayinbringing theFundintooperation. ,A/40/)}V.28 18 '#hatbetteryeartorecommit ourselves totheun~tedNations thanthis butitcanbedoae,anddoitwemust. Wecannothopeforanequitable and(Mr.Giheno, PapuaNewGuinea) PapuaNewGuineaappeals toallMemberstatesoftheUnitedNations toshowa inf~tincreased theimportance whichweattachtotheUnitedNations, and behindusouranimosities andmistrust towards eachother,anduniteonce mor~:asTheUnitedNations Charter commits ustopreserving peaceandfostering social Mr.KUTESA(Uganda): Iwishtoextendtoyou,Sir,mydelegation'sallsovereign States. ThisOrganization provides theonlyuniversal framework peacefUl worldifwebecomecomplacent aboutthestatusquo.Wemusttherefore putwithinwhichwecankeepthosepromises andpursuethosevitalidealsandgoals whichmakeyoueminently qualified forthetaskentrusted toyou.Ihavenodoubtthefounders didinSanFrancisco, withthecommongoalofpreserving theUnitedandeconomic development. AllweMembernations haveundertaken toresolve our areuptothattask,forwearenotonlyfortyyearsolderbut,hopefully, fortyAP/emv Nationsasaninstrument forpeaceandequity. PapuaNewGuineabelieves thatwe yearsWiser. si,cerecongratulations onyourelection tothepresidency ofthishistoric sessiondisputes peacefully andtoresPect theindependence andterritorial integrity ofgreater degreeofresponsibility, commitllent anddedication totheworld year-thefortieth anniversary oftheUnitedNations. Itisnotgoingtobeeasy,strengthened ourcommitment anddedication toitsprinciples andobjectives. sentiments expressed soeloquently byprevious speakers onyourpersonal qualities whatsover thatunderyourableleadership thedeliberations ofthiscommemorativecollectively. oftheUnitedNations General Assembly. Mydelegation sharesfullythewarmcommunity. AsforPapuaNewGuinea, recentnegative trendsanddevelopments have ,-----,-----------------~~------------IAP/eMY .A/f,O/W.28 19-20 .
**Analysis**
The text discusses economic development, international trade, and natural resources, with a focus on the exploitation and management of fisheries and the impact of economic sanctions on developing countries. The speaker also touches on the importance of cooperation and the role of the United Nations in promoting peace and development.

**Category**
Economic development, International trade