No national effort alone can suffice, in view of the global conditions that today determine the development of our nations. Today the global economy is facing an energy crisis resulting from the high prices of oil. That crisis is having a direct impact on our people. This is the only forum in which the voice of a country of 11 million inhabitants is heard.

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Addressing these challenges is allowing us to focus on the future. Honduras is a conscientious country, a country of law, a country in which we invite you to invest. Anyone who invests in Honduras will be offered opportunities, order, transparency, and clear rules. We are adhering to the International Monetary Fund guidelines. In the seven months that my country has been in office, we have increased our international reserves to the tune of $1.3 billion, and that is an increase of 13%. We returned to the International Center of Arbitration, CIADI, on the 6th of March 2026. We'd been members of that center since 1989, and we returned to resolve our problems with a sense of solemn responsibility. With these steps, we sought to reiterate that in Honduras, rules apply to everyone, and rules are followed. On that basis, Honduras can offer concrete investment opportunities in logistics, industry, energy, infrastructure, agroindustry, mining, tourism, to name just a few sectors. We are the center of America. We stand between two oceans. We are optimizing Puerto Cortés— that is a port in our Caribbean-Atlantic area— and it is the port with greatest potential for growth in the country, and one of the largest, most important ports in Central America. We are investing to strengthen our road infrastructure so that we can create a logistics corridor to join the Atlantic with the Pacific. This project and its location means that we can offer to the world safe, reliable, and efficient supply chains. Honduras is one of the world's key textile exporters. We manufacture the clothes of well-known brands. We also manufacture cable harnesses and automobile parts that are sold around the world. They've come from Honduran factories. Around 200,000 Honduran people work in those industries. These factories, maquilas, and other forms of industry require stable energy at competitive prices. It is for that reason that the National Congress recently adopted a reform to our electrical energy law. That reform had been championed by the Presidency. In light of the above, we invite both national and foreign investment: investment in the development of Honduras's energy sector, investment in the generation, transmission, and distribution of energy. Our land is fertile land.

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We want to develop these resources with clear rules, in full respect of the environment and for the benefit of our communities. Our extraordinary biodiversity, natural riches, and cultural heritage make us a country with a vast wealth of potential for tourism. We have crystal-clear waters and reefs in the Bay Islands. We have the Great Copan Ruins and the legacy of the Mayan civilization. And all of these things mean that we offer the world a unique combination of nature, history, and culture. And above all, we have the most valuable asset that any nation can hold: a young, hardworking, and capable population. A population who demands, and quite rightly so, the opportunity to use their talent in their own country. We want to see investment. We want investment to arrive in the country and to stay. We want investment that creates jobs and which brings knowledge to the table to train our young people. My commitment is to facilitate investment in Honduras. Honduras is in a period of renewal.

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We aim to build a strong state and a diversified and modern economy that keeps pace with global technological and digital transformations. And accordingly, we are working to employ all successful expertise and innovative experiences in the world of economics, finance and business, in service of a renaissance of economic and financial reform for my country We also do this to provide a safe environment for national and foreign investment. This vision is based on the great potential Iraq possesses. In terms of resources and investment opportunities in the fields of energy industry, agriculture, transport and technology. Not to mention Iraq's exceptional geographical location. Which connects its economy to the world. In this context. Our vision aims to move Iraq to a stage where it can be an effective production partner in the region by gradually reducing the role of the rentier economy. Strengthening open market policies. Developing production and export capacities. And investing in infrastructure and services. On this basis, we have developed the appropriate roadmap To support the private sector. Provide the necessary legal, tax and customs facilities and guarantees for the growth of business and foreign trade. And build effective partnerships with the global market to accelerate achieving sustainable development. In the field of global energy. Iraq's influence is prominent as our government is adopting an ambitious program to increase the production of crude oil in a manner consistent with the size of our proven reserves. Our government is also working to develop gas fields and expand refining capacities and our capacities to produce derivatives, and we are also working to improve our petrochemical industry capacities. Our ambition is for Iraq to be a global hub for energy production and to leverage its potential to promote regional and international security and stability in a sustainable manner. Nevertheless, we express concern regarding developments concerned with freedom of transport and maritime navigation. And the crisis this has caused in terms of the rise of global energy prices. In order to contain the subsequent risks and the consequences on our peoples, we are working to diversify our oil export ports and develop energy lines and corridors linking Iraq, Turkey, Jordan and Syria. In order to reach global markets with the aim of contributing to energy security and diversifying supply routes. Excellencies. Economic diversification on the basis of genuine partnerships is a central strategic objective of our economic policy.

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Here from the United Nations. We say to the world. Invest with Iraq. Iraq has resources, markets, a good location, and the necessary will to build a new economy. Our government is hard at work to develop mutually beneficial partnerships. Create employment opportunities, transfer technology and knowledge, and develop Iraq's productive capabilities. Ladies and gentlemen. The security of states and the maintenance of peace are a shared responsibility.

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The negative consequences of unjustified unilateral sanctions also affect small countries such as ours, which are at the stage of formation and development. In some cases, such practices led to interference in the internal affairs of independent states and contradict to the fundamental principles of international law. Some major states, in pursuit of their own interests, put pressure on smaller countries, such as Kyrgyzstan, attempting to force them to bargain over certain matters and issuing ultimatums. In this context, I would like to take this opportunity to note the decision made by the president of the United States, His Excellency Mr. Donald Trump, after taking office to halt funding of non-governmental organizations around the world. As a result, interference by NGOs in the internal affairs and policies of the developing countries has practically ceased. President Trump's decisions have created conditions for strengthening the sovereignty of states and enabling them to independently choose their own path of development. Therefore, taking this opportunity, I would like to express my appreciation to Mr. Trump for ending the funding of the NGOs. Distinguished colleagues, decisions to impose sanctions should be taken in accordance with the UN charter and exclusively within the mandate of the Security Council. We believe that the mandate to impose sanctions against the state should belong exclusively to the United Nations. In my view, this is the only possible way to improve the international sanctions system. First and foremost, we should introduce a mandatory mechanisms under which all sanctions and measures are reviewed in advance by the organization. The prior review of sanctions would help ensure that their potential humanitarian, economic and social consequences are taken into account. An important element of the proposed mechanism should be the enhanced transparency and accountability. States initiating sanctions should clearly indicate the legal basis for such measures, explain their necessity and objectives, and define clear criteria and conditions for their eventual removal. I believe it would be appropriate to establish, under the auspice of the United Nations, the Unified International mechanism for monitoring sanctions and reviewing them on a regular basis. Only then can the central role of the United Nations in maintaining international peace and security be strengthened and its mandate enhanced. This would also help eliminate the risk that sanctions being used arbitrarily by one country against another for political or economic gain. No state should act arbitrarily. The United Nations must be strong. Every country should tremble when the United Nations intends to impose sanctions. Only then, the strict international order can be established in the world. Otherwise, some decisions of the United Nations may no longer be taken seriously, while states simply act according to their own discretion. Every decision of the United Nations should be implemented without delay. If a state fails to implement such decisions and other countries cease cooperation with it, the effectiveness of sanctions will increase. Only then will a decision will be implemented promptly, and the United Nations will become a strong and respected organization. Otherwise, existing sanctions will become a sort of children's toy.

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The governance of strategic resources ought to be an issue of peace, development, and global security from now on. The energy transition, the electrification of transport, energy storage, as well as the expansion of digital and AI infrastructure are accelerating demand for copper, cobalt, lithium, nickel, and other critical minerals. As the largest global producer of cobalt and a major copper-producing power, the DRC is at the heart of this transformation. Congolese cobalt is already being used in batteries, power grids, digital equipment, and technologies that are crucial for the decarbonization of the global economy. It would be both unjust and dangerous for added value, jobs, know-how, and technologies to remain concentrated far away from the communities that are making these changes possible. We cannot build a decarbonized economy through blood-stained minerals. And we will not bring about a just transition by reproducing a greenwashed version of our past dependencies. The DRC, therefore, rejects the old model that limits producer countries to crude extraction while processing, research, technology, and the bulk of the profits are concentrated elsewhere. Our ambition is clear. We no longer wish to be simply the basement of the world's economy. We plan to become a workshop, a laboratory, and a sovereign partner. We'd like to process more cobalt and copper on our territory, develop precursors for batteries and industrial components, train our engineers, support our researchers, and include our enterprises in global value chains. We'd like to build, together with our African and international partners, competitive regional businesses that create jobs, skills, and shared prosperity. This ambition, first and foremost, entails taking up our own responsibilities. The DRC is pursuing the modernization of mining governance through the transparency of contracts, extractive revenue, and effective beneficiaries, improving mining registries, the deployment of traceability mechanisms, and the fight against fraud. We're also accelerating the formalization of small-scale mining, the regulation of traders, organization of cooperatives, and by securing exploitation zones. The battle against child labor in mines, in this regard, is a moral and national obligation. Together with the International Labor Organization, UNICEF, and our other partners, we are strengthening our identification, monitoring, and remediation mechanisms, as well as the training of our inspectors, school attendance of children, and economic solutions for their families. Our goal is unambiguous. We need to achieve zero children in the mines. This responsibility is one that lies with the Congolese state, but it also involves businesses, traders, refiners, manufacturers, financial institutions, and destination markets. The real proof of a responsible supply chain is not the electric vehicle sold downstream. It is the child who no longer descends into the mines upstream. That is why the DRC proposes creating, under UN auspices and together with the African Union, as well as producer, processor, and consumer countries, a global framework for just, traceable, and resilient critical mineral value chains. Based upon the sovereignty of producer states, it ought to guarantee traceability of minerals, responsibility of economic actors, protection of workers and communities, as well as a more equitable sharing of added value thanks to local processing and technology transfer. The corridor of Lobito ought to become one of the tools to further this ambition. We commend the commitment of Angola, Zambia, the USA, the European Union, the African Development Bank, financial institutions, and the private sector to promote its implementation.

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Supply chains built up over decades of interdependence are being reorganized or fragmented as a result of geopolitical tensions. The multilateral trading system has been weakened, and the WTO can no longer fully carry out some of its essential functions. Yet what is at stake here is not merely a technical issue of trade policy. The question is whether relations between states will continue to be governed by common rules, or if they will increasingly depend on the weight and power of each individual state. For Switzerland, this is a fundamental issue. That is because my country is an open economy with few natural resources. A large part of its prosperity, therefore depends on trade, but also on the stability and predictability of the rules that make such trade possible. Economic resilience requires us to diversify relationships, forge new partnerships, and keep trade between different regions of the world as open as possible. This is particularly important for economies with fewer resources or limited market access. Access to markets knowledge and technology can create opportunities that would not otherwise exist. These abstract concepts encompass quite concrete realities a business that can take on an apprentice, a family that can secure a more stable income, a producer who can trade beyond their local market. Young people for whom the range of possibilities suddenly widens. That is also what we mean when we talk about a global economy. Trust is built when the rules offer everyone a genuine opportunity to participate.

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Bhutan brings another advantage one that cannot be bought. Trust. Trust built through peace, political stability, the rule of law and a record for honouring our commitments. For long term investors, trust creates something invaluable. Predictability. Bhutan has spent generations building that trust. GMC puts it to work.

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It is designed for both. Because the world's best people choose more than a workplace, they choose where to build their lives. Taken together, these advantages create the conditions for businesses to grow and investors to prosper. Lower uncertainty, abundant clean energy, access to growth. The ability to attract global talent, and the freedom to create the markets others will later enter. That is how GMC turns its values into commercial advantage. Now, you may reasonably ask.

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We are all in. But every startup needs one more critical ingredient. Co-founders. And that, Excellencies, is why this salesman is standing before you. We want your capital. Your technology, your talent, your ideas, your enterprise. And let me be absolutely clear. We want you to make money. GMC is not a retreat from capitalism, technology or ambition. It is designed to harness all three without sacrificing nature, culture or human well-being. Those who come early can help create the industries and markets that others will later enter. They can help define GMC's economic journey and share in the value they create. That is the first mover advantage. At GMC, commercial success and human flourishing are designed to build on one another.

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That is why Bolivia is fighting to overcome this crisis and be able to produce and export. We want investment, employment, technology. We want resources. We want to integrate into the world. We want to do that while also preserving something that no economic growth can replace. And that is its people, its territory, and its extraordinary biological diversity. Ladies and gentlemen Bolivia has one specific feature which is also perhaps an opportunity. We are a country with a small population but with vast diversity. The Andes, the Altiplano, the Amazon. We make up 60% of the water that the Amazon receives comes from Bolivia, one of the greatest cultural wealths of the continent and the world, and not just from one culture. Many cultures within a single nation. And we have strategic natural resources, which could be important for the energy and technological transition for the world. Each of the cell phones, the mobile phones that you have here in the room today 10% of the tin that is in those cell phones comes from Bolivian tin. We have the capacity to provide the world with the resources that it needs to be able to develop a better world. Bolivia does not want to repeat the history of countries that exported their natural resources for decades and remained poor. We do not simply want to extract minerals from the earth so that other countries can add value to them. The ideology, and this is very important. I spoke earlier about organized crime and the mafia in Bolivia.

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We want a long term relationship with jobs, training, technology infrastructure, productivity, a future. That is why Bolivia is open to the world and we want the world to come to Bolivia. But we are open with dignity, not based on demagogical speeches based on our past. What Bolivia wants is a firm and strong future respecting our traditions and our original and indigenous peoples, but also giving them opportunities to grow with dignity and to develop our nations.

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Ladies and gentlemen, in order to recover trust, we must make headway together on the key issues that benefit our citizens. World trade, without a shadow of a doubt, is one of the best expressions of the freedom to produce, transport, and trade products from one nation to another. We're proud of being a country that connects the world through trade. Having the canal that unites two oceans, that transports goods from all countries of the world without any distinction, that is an icon of integration.

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And this is a crisis that is leading to global repercussions. It would be very easy for me not to speak about this issue because the Panama Canal has benefited as a result of this situation. But I have never been guided by selfishness or speculation in a matter that is so sensitive for the entire world. The reality is harmful, not just as a result of the attacks on innocent people, such as crews of vessels, but also for millions of people who are running out of food or having to pay more for food and fertilizers, and workers who are having to pay more for fuel as a result of the inflation, which is the most regressive phenomenon that exists. I feel indignation as a Panamanian. We are staunch defenders of sovereignty, after all. And we also have a treaty of neutrality for the canal, which is in our constitution and which ultimately is the guarantee of free trade and the equality for this passage for all nations of the world. As you can therefore see, Panama believes in these principles and actively works to ensure that this happens in practice.

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This is indispensable as we make it more democratic and effective and closer to its peoples. As is well known in Cuba, we are facing a multidimensional aggression from the United States government, a permanent, abusive and ruthless hostility that has lasted for almost seven decades. Since January 2026, this aggression has strengthened and become more cruel and more dangerous with the imposition of an energy blockade that, by resorting to intimidation and coercion, prevents any country from exporting fuel to Cuba, an equivalent to a naval blockade which is classified under international law as an act of war. Through the adoption of successive measures, the government of the United States has been applying new prohibitions on all countries with regard to products and services that cannot be exported or transported to Cuba. More than 7000 containers remain stranded in different ports, many of them loaded with foodstuffs, medicines and medical devices, and some of them have even been paid for by private Cuban companies. It is an unusual and unprecedented action. A superpower unilaterally deprives all states of their right to export the commodities that they wish to the country that they wish to export them to, and continuously and comprehensively violates freedom of trade and navigation. Added to this is the intimidation of entrepreneurs of different countries so that they abandon against their will their investments and businesses in Cuba. The obstacles and tricks to prevent the arrival in Cuba of absolutely legitimate commercial shipments, the pressures to prevent the entry of visitors and tourists, and the efforts aimed at restricting as much as possible Cuba's legitimate access to financing, technology and markets.

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Second we stand for international cooperation that is peaceful, fair and based on equality. A new nationalism would be a misguided path. Whatever its prophets may preach, the truth is that it would make our lives narrower, poorer and less secure. Instead, global trade relations need to be diversified and deepened in the framework of a fair trading order. No country should have to accept raw materials being used to force obedience or supply chains becoming instruments of pressure. None of us is powerless in the face of this. Where we cooperate, we free ourselves from one sided dependencies and open up new spaces of freedom. With our partners in the European Union, we have begun this work through new trade accords, cooperation agreements and partnerships. These partnerships are built on mutual respect, on common rules and a shared respect of international law. They also take into account the fortunate fact that many countries of the Global South are developing with extraordinary success. The same principle for partnership and cooperation also applies for technology. Access to computing power, data, expertise and infrastructure will increasingly shape who can innovate and who merely has to accept the rules set by others.

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We regard the confidence placed in us as both a great responsibility and an opportunity to work together with the states of the group to give fresh impetus to the practical implementation of the programme of action in such priority areas as transport and energy connectivity. We proceed from the need to translate the agreements reached into concrete infrastructure, trade and investment projects. We propose considering the establishment in Turkmenistan, under the auspices of the United Nations of International Centre for Sustainable Trade, Logistics and Custom Cooperation. Such a centre could serve as a practical platform for harmonizing procedures, exchanging best practices, digitalizing transit and expanding developing countries access to global markets. Our country also proposes the establishment, under the auspices of the United Nations of Transregional Transport Corridor, linking South and Central Asia with Europe through the Caspian Sea Middle corridor. We are confident that its development would help diversify routes, strengthen connectivity, expand trade and promote global economic ties among the regions. Excellencies, distinguished delegates. Environmental security, climate change and the sustainable use of energy resources are integral components of common security.

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My third observation is that a new economic world order is taking shape. Instruments once used for economic integration, such as trade, technology, energy investment and supply chains, have become instruments of geopolitical competition. There was perhaps, at times, a naive belief that interdependence would bring about stability and peace. Now the focus on opportunities has been replaced by the focus on threats. We've entered a world of coercion where dependencies are vulnerabilities. Countries seek choke points that can be weaponized to pressure others. But dependencies are complex. No nation, not even the biggest ones, can go it alone. All coercive actions come at a cost. And even if a mightier state dominates in one domain, a smaller state can respond in another. In the new geopolitical environment, the economic order of the post World War II era is seeking new forms. A new order must be based on a realistic understanding of the power balance in the world. We in the West must acknowledge that the global South and East are an expanding economic and political force. Many nations around the world have made remarkable advances in competence and know how. We should put this collective expertise to work for the global common good. Countries are right to be wary of dangerous dependencies, but our focus on the threats should not lead us to abandon cooperation. We should strive for an economic world order built on institutions and agreements. Multilateralism is also needed in the global economy. Now, this was the first part. It's all good and well to diagnose the problem.

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We cannot call upon security in and of itself to bear the burden of peace. Economic recovery needs to be the other pillar. This is why we welcome the decision taken by the administration of President Donald Trump to extend through 2028 the trade preference known as HOPE/HELP. We are deeply grateful for this gesture of friendship, which is an important step for our economic recovery, and we call for it to be extended by ten years. We also want to extend our gratitude to the United Kingdom for the Developing Countries Trading Scheme, and we call upon more countries to put in place similar mechanisms that are capable of transforming access to markets and to opportunities for trade and investment. Haiti needs investment to craft its future. This is why today Haiti is calling for a paradigm shift. We need to move from aid to investment, from assistance to production, from dependency to partnership, and we must gradually transform resources mobilized in order to manage the crisis into investments that can create jobs and sustainable opportunities, in particular for our young people and our women. Because when you no longer hear the sound of the guns, you need to hear the sounds of peace: engines that are starting, construction sites that are beginning work again, bustling markets, women that are running businesses, young people that are working, the laughter of children that are playing, and our streets that again, are rediscovering the rhythm of our music and our life. Those who have had the privilege of knowing Haiti know that this country exists behind the images of crises. There's a people that is welcoming and has a vibrant culture with unique knowledge, with stunning beaches and heritage, and exceptional richness. We need to recreate the conditions so that the world can come to Haiti again to discover it, invest in it, do business there and stay there and come back.

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In the economic realm, Canada is focused on what we can control building a stronger economy, diversifying our trade and catalyzing $1 trillion of investment in Canada over the next five years. We are exploring new opportunities with partners in the Indo-Pacific, the Gulf region and Latin America. This includes building renewed partnerships with large economies like India and China. We are strengthening ties between Canada and Europe alongside the European Union. We are building an alliance for the future. Thanks to our strategy for Africa, we are boosting our trade links with our African partners. We are making concrete progress. Canadian exports to markets outside of North America have significantly increased this year. Canada has secured more than 20 new economic and defense partnerships. And at the first ever Canada Investment Summit earlier this month, we secured nearly $500 billion in new financing commitments to investment in Canada. As an energy superpower we are providing energy supplies to many of our partners around the world while supporting the transition to a more environmentally sustainable future. Because in a rapidly changing world, Canada is a reliable partner. And we are ready to work together. We are also ready to work together on enhancing international security. Canada's stepping up and taking greater responsibility for our own defense.

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Lower trade costs in these decades have boosted global real GDP by an estimated 6.8%, and in the case of low income countries, by around 33%. Under the GATT and subsequently the WTO, disputes even between unequal powers could be settled by adjudication rather than the exercise of unilateral coercion. But we all know the multilateral trading system has frayed. This year's WTO conference in Yaoundé could not even reach consensus on several key issues, including the moratorium on the customs duties for electronic transmissions, which lapsed. Tariffs and supply chain restrictions have also returned as instruments of coercion. The consequences of all this cannot be overstated for Singapore. Trade is three times our GDP. For many in this hall, access to markets and technology are absolutely essential for our development. When the rules governing trade are eroded, all of us will pay the price. I know that consensus amongst 193 states is difficult, but it remains the gold standard.

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We need more flexible coalition of states and partners who are willing and able to move forward, whilst remaining open to others to join when they are ready. Such coalitions already serve large and small economies alike. The RCEP, the Regional Comprehensive Economic Partnership, is the largest trade agreement in the world. The CPTPP, the Comprehensive and Progressive Trans-Pacific Partnership now stretches from Asia to Latin America to the United Kingdom, and in July 19th, small and medium sized trading nations of the Future of Investment and Trade Partnership met in Auckland. Not to negotiate a grand bargain, but to systematically reduce trade frictions and to strengthen supply chain resilience.

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For my country, Belgium, it is anything but technical. As early as the 19th century, the port of Antwerp had immense potential, but ships sailing up the River Scheldt had to pay a toll. In 1863, an international agreement abolished that toll once and for all. The abolition was to apply to all flags, all of them. An international route has real value only if it remains open. Passage cannot depend each time on a fresh contest of power. That is precisely what freedom of navigation represents today. It is not merely the abstract right of a ship to travel from a point to another. It allows economies that may share neither the same interest nor the same alliances to remain connected. It allows a landlocked state to take part in global trade. It allows grain, medicines, gas and industrial components to cross several maritime areas without the passage having to be negotiated at every stage. That seems perfectly normal while everything is working, but it takes only one route closing for us to remember how much it matters. Think of the Strait of Hormuz, the Bab el-Mandeb Strait at the entrance of the Red Sea, the Suez Canal, the Bosporus, the Strait of Malacca or the Panama Canal. More than 80% of global merchandise trade by volume is carried by sea. When a ship is attacked, when a strait becomes dangerous, or when a carrier has to sail around an entire region, the effects are felt thousands of kilometers away in our ports, of course, but also in the price of energy, fertilizer and food. The price of a tank of fuel, the price of a loaf of bread, even having a bread.

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Third, the coalition for Global Energy Supply Chains. Recently, there have been repeated blockades of sea routes in the Strait of Hormuz and the Red Sea. This has underscored the stark reality that the weaponization of key energy and logistics supply routes can send severe shock waves to the lives of ordinary people around the world. Freedom of navigation and safe passage through international straits is a right grounded in international law and serves as a bedrock of the global economy. Attacks on merchant vessels and threats to the lives and safety of crew members cannot be justified under any circumstances. While making greater use of existing frameworks such as the International Energy Agency, the Republic of Korea will build a more robust framework of cooperation for energy supply chains to prevent the supply chain crisis from escalating into a broader threat to the global economy and people's livelihoods. By nature, these problems cannot be resolved by any one of us alone. At the same time, we cannot afford to sit idly by and wait for all nations to arrive at a single solution. The most urgent and realistic path is for countries with the capacity and willingness to supply global public goods, to join hands and broaden the scope of cooperation.

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Our network of free trade agreements provides access to a market of approximately 2.3 billion consumers. To support and further advance connectivity agenda, Georgia plans to invest USD 7 billion by 2032 in major transport infrastructure, modernizing the railway, developing the Anaklia Deep Sea Port, building a new international airport in Tbilisi and expanding the highway network. At the same time, we believe that physical and digital connectivity are two parts of the same strategic agenda. Through a Black Sea submarine fiber-optic connection and next generation data infrastructure, Georgia aims to strengthen secure, resilient and diversified digital links between Europe and Asia.

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For many years, we have engaged in dynamic trade in the free and open seas spanning the Pacific Ocean to the Indian Ocean, and together we have built a strong and prosperous region. This holds true also in the Atlantic Ocean and Mediterranean Sea. We wish to extend this to Africa as well, to turn it into a main artery for growth and prosperity. To that end, exactly ten years ago former Prime Minister Abe Shinzo advocated a free and open Indo-Pacific FOIP at the Tokyo International Conference on African Development TICAD held in Kenya. However, due to the recent intensification of geopolitical tensions, free trade has been hampered and stable energy supplies and supply chains in general have been disrupted. Amid this situation, in May this year, I announced the updated free and open Indo-Pacific FOIP.

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Japan is proposing a vision for strengthening supply chains, which encompasses not only the development of alternative supply sources, but also the enhancement of countries ability to respond to supply disruptions, in particular in the field of critical minerals. One example is the Resilient and Inclusive Supply Chain Enhancement Partnership RISE. Under this initiative, we are cooperating with countries that produce critical minerals to enable them to play a greater role in mining, refining and processing. In June, we established RISE+ under the World Bank Group and pledged a contribution of 20 million USD to help develop the infrastructure essential for critical minerals production.

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When a family sat down for an evening meal, there was a shortage of cooking gas. On the one hand, there are melting glaciers and failing harvests, to floods arriving without warning. On the other hand, a global supply chain punishes poor people for causes beyond reason. Intercontinental missiles arrive on time. Rifles and ammunitions cross borders, clear every bottleneck, meet each deadline. But a peasant in Nepal cannot procure his fertilizer or fuel at market price at a time of need. We have built a world with flawless logistics for war and broken logistics for food. And this is not Nepal's private misfortune. Ask Bangladesh. Ask Bhutan. Ask India. Ask the Maldives. Ask Pakistan. Ask Sri Lanka. Ask any other country in our region, and you will hear the same account: hit by the climate we did not warm, and again hit by the wars we did not start.

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Cameroon also has the intention of contributing to the full expansion of the African Continental Free Trade Area, has the acronym being AfCFTA. We are one of the first countries in the continent to have ratified its statute in order to strengthen development and trade cooperation among African countries. Moreover, my country reiterates its solidarity when it comes to the African Union's common position for better representation of the African continent in the United Nations Security Council. My country also has the intention of continuing to participate in peacekeeping operations led by the United Nations, as well as training and building capacities of African staff that serve in these operations.

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Our continent holds vast mineral wealth, immense agricultural potential, extraordinary renewable energy resources, and the world's youngest population. We are a market of more than 1.5 billion people, increasingly connected through the African Continental Free Trade Area. These are not merely African assets. Properly developed, they are part of the answer to the world's search for food security, clean energy, resilient supply chains, and a new source of growth. Africa's resources must become the beginning of African industry, not the end of Africa's contribution to the value chain. Extraction defined too much of our past. Investment must underpin our future. This transition is already taking shape. Cocoa-producing nations are moving from bean to brand. Cotton producers are building garment value chains. And Africa has made its position clear. The clean energy transition must not become another extractive transition. The African Continental Free Trade Area must be more than a market for what Africa already produces. It must become the platform on which Africa makes more of what it now imports. Kenya intends to be part of that transformation. In the next one week, we expect to break ground on the East African refinery in Lamu. A refinery capable of producing 700,000 barrels of oil a day, an investment of approximately $16 billion. Its significance extends beyond one project or one country. It represents the Africa we seek to build: adding value at home, creating jobs for our people, and building industries capable of serving continental and global markets.

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Mr. president. All these issues, however far apart they may seem are bound by one fundamental truth. Security and prosperity are not two parallel objectives. Instead, they are one single objective pursued along two paths. There can be no prosperity without security and no sustainable security, without interconnected economies and societies in peace. This is not a Gulf perspective dictated by our geography. Instead, it's a lesson that humanity has learned from its wars, a lesson that Europe learned when it built its peace, not through treaties alone, but on interests so intertwined that separating them became costlier than preserving them. It is in this light that we view freedom of navigation. A waterway is not merely a security issue of concern for coastal states. It is an artery of development through which the food, medicine and energy of entire nations flow. When a single waterway is disrupted, the cost is felt by a family in a country that does not have a coastline. An economy that is difficult to disrupt is difficult to coerce, and interdependence, once firmly established, becomes a shield against coercion. This approach is not a position shaped by the current circumstances.

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We will work with all Member States to advance essential consensus based priorities for Guinea-Bissau as a developing country, multilateralism and respect for international law are not mere concepts. They are an existential necessity. Ladies and gentlemen, Guinea-Bissau follows with concern the humanitarian consequences of the measures imposed against Cuba. We therefore reiterate our call for the lifting of the economic commercial and financial embargo, as well as other restrictive measures that affect the Cuban people and essential sectors of that country's economy.

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Ladies and gentlemen, we are concerned by the unjust manner and indicative of great human insensitivity in which Cuba has been treated over decades as a victim of an embargo that continues and worsens the living conditions of the Cuban people. Cuba is not a terrorist state. It neither produces nor possesses nuclear weapons, chemical or bacteriological weapons that could constitute an imminent or real threat to the national security of other countries, including the neighboring countries. On the contrary, Cuba contributed to the fall of South Africa's racist and segregationist apartheid regime a regime broadly and unanimously condemned by the international community and consequently became one of the signatories to the Quadripartite agreement of New York of 22nd December 1988. As the embargo is chiefly responsible for the calamitous situation in which Cuba and the Cuban people find themselves, and since it is inhumane, unfair and violates all the principles and norms of international law, we once again call for the end to the embargo against Cuba.

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There is also need for refraining from the use or threat of use of international relations, and avoiding the imposition of coercive sanctions merely on the basis of political disagreements or the exploitation of these sanctions as instruments to achieve specific political or economic objectives. Sudan has lived under sanctions imposed pursuant to chapter seven for more than two decades. These sanctions have negatively affected its economy, security and territorial integrity. They have undermined Sudanese sovereignty and status, exacerbated cycles of violence, affecting the protection of civilians and vulnerable sectors, and hindered national reconciliation. The continued disregard for and violation of the purposes and principles of the UN charter through the use or threat of use of force in international relations and through interference in the internal affairs of States in various forms, and through disregard for the established principles of international law threaten confidence in the multilateral international system and in the charter of the United Nations itself.

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A humanitarian conscience cannot be indifferent to the circumstances of ordinary households, particularly children, the elderly and other vulnerable persons whose difficulty deepens with each passing day that the present impasse remains unresolved. We call for constructive engagement that places the well-being of the Cuban people at its centre, and opens a path toward meaningful relief, improve living conditions and renewed opportunities. This requires Cuba and the United States of America to address the very difficult but not insurmountable challenges of ending of sanctions, the removal of the embargo and blockade against the Cuban people, and, importantly, the necessary reforms required to ensure the continued well-being of the Cuban people. Some of such reforms, Grenada notes, are already being undertaken.

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If any of them are undermined, peace will inevitably be weakened. After eight decades of the UN, this should have become a second nature. Instead what we are actually seeing is a weaponisation of everything. A mindset of extreme competition has set in undermining institutions and establishing choke points. It extends from the world of finance to constricting market access, disrupting supply chains and withholding technology. Resources and connectivity have become particularly subject to leveraging. As a result, nations are now more focused on de-risking and diversifying. Now, while this may secure their interests to varying degrees, the overall atmosphere is no longer that of trust or goodwill.

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This project will play a catalytic role in the African continental free trade area. To sustain and scale up the success we have achieved in renewable energy, connectivity, food security, manufacturing, and urban development, Ethiopia calls for genuine and sustained regional and international cooperation. Despite this tremendous achievement, Mr. President, we have come to recognize that our efforts to build a strong economy cannot generate sustained development without reliable and dependable access to the sea. We believe that maritime access can be managed for the common benefit and progress of all countries in the region.

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Sanctions, support packages, our joint weapon production, all of these matters. Of course matters. All of this makes us stronger. When someone gives Russia more money through trade, they give this war more time. That is exactly why we insist on limiting trade with the aggressor and why we are burning Russia's revenues ourselves. Many of you here seen more than once how the abuse of the veto at the UN weakens the world and pushes peace further away. When Russia has money, it always says no. No to diplomacy. And this is also a kind of veto on peace. Not an official right, but real. And when someone in the world weakens sanctions, weakens sanctions against Russian oligarchs, it may make life more comfortable for rich Russians, but it also gives the war more time. More time for Putin to send poor people into the kill zone. So Russia's revenues must remain a target. Russia's budget deficit is now bigger than in any other year, and most Russian regions are already bankrupt. Russia planned major operations on the front this summer. All of them failed.

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Global solidarity must be concurrent with respect of each other's sovereignty. Tanzania stands against the proliferating trend of some states to assume the responsibility of policing and imposing unilateral sanctions on others, thus undermining the principles of sovereignty and peaceful co-existence. As stated previously, Tanzania reaffirms its position to oppose the use of such coercive measures against any Member State and reaffirms its unwavering solidarity with Cuba, Zimbabwe and all other states that are subjected to such unjustifiable constraints. In line with our resolve to leave no one behind, we call for an immediate and unequivocal lifting of these measures that cause hardships, constrain development and obstruct full enjoyment of human rights.

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Our continent possesses the world's youngest population, vast arable lands, unparalleled cultural vitality and the critical minerals required to drive the global green energy transition. But, Mr. Speaker, let me warn Africa will not remain a passive arena for a new scramble for resources. Critical mineral extraction in Africa must not replicate the colonial era exploitation. We will process our minerals at home. We will build local industries that create dignified jobs for our youth, and we retain the value of our natural resources in Africa. The African Continental Free Trade Area, whose secretariat Ghana is proud to host, is our engine for intra-African trade, structural transformation and industrial growth. As we heal historical wounds, we must address the alarming breakdown of the current global order. We are witnessing a dangerous shift towards unilateralism, lawlessness and the erosion of multilateral norms. The United Nations must learn from the lessons of the League of Nations. The UN charter must reign supreme over the cynical doctrine that might makes right. The veto power must never serve as a license for impunity. Sovereign equality cannot be a privilege that is reserved only for nations that are aligned with global superpowers.

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These restrictions continue to inflict hardship on the Cuban people, contravene the human rights commitment of the UN, and run counter to the cooperative spirit of the 2030 agenda for Sustainable Development. The continuation of those economic sanctions deprive Cuba of essential development, partnership and support needed for recovery and future progress, and we call for the lifting of those sanctions. Tuvalu also support the call for necessary reform of the UN Security Council to ensure that it is more representative, inclusive, transparent and accountable and better aligned with the reality of the 21st geopolitical landscape. Mr. president, to conclude, I wish to assure this Assembly that Tuvalu stands in solidarity with the rest of the Member States to play its part in restoring trust and managing transformation to ensure the United Nations delivers for all.

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Wars can disrupt food, fuel, energy, trade, supply chains far from the battlefield. Economic decisions made in the world's largest economy can reach an ordinary family in a small developing country. A mother buying food can feel the consequences. A farmer buying fuel can feel the consequences. Our small businesses facing higher transport costs can feel the consequences. And the developing countries trying to build roads, schools and hospitals can feel the consequences. This is why leadership in powerful nations carry responsibilities beyond your national borders. With great power comes great responsibility. Papua New Guinea respectfully asks leaders of the world's major powers to remember the ordinary people whose lives can be affected by decisions made far away from them. When wars disrupt food, fuel and trade, families far from the battlefield can experience higher prices and economic uncertainty. When climate changes, communities that have contributed little to global greenhouse gas emissions can nevertheless face rising seas, extreme weather, threats to food security, and damage to lives livelihoods. Mr. president, my appeal to leaders everywhere is really simple. Put human welfare ahead of war. Put humanity ahead of narrow geopolitical interests.

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Mr. president, peace and stability provide the foundation for economic development. Zambia is positioning itself as an attractive destination for investment and trade with opportunities in mining, critical minerals, agriculture, agro processing, manufacturing, energy infrastructure, tourism and digital services. Our ambition is to move beyond the export of raw materials and primary commodities towards value addition, industrialisation, job creation and technology transfer as key enablers of our economic transformation agenda. We welcome investments that creates jobs, develops skills and builds sustainable value chains. Our message to investors is Come to Zambia, invest with us, produce with us trade with us and grow with us. We are open for development. Mr. president, I now turn to climate change and environmental resilience, water and sanitation. For Zambia, climate change is not an abstract concept.

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In the same vein, the Lao PDR reiterates its principled position against unilateral coercive measures. The prolonged economic, commercial and financial embargo against the Republic of Cuba continue to inflict hardship on its people. We call for the immediate and unconditional lifting of these sanctions including logistic and energy blockades and removal of Cuba from the list of state sponsors of terrorism. Such steps are essential first humanitarian measures toward restoring trust and reaffirming the primacy of international law.

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Mr. president, excellencies, it is impossible to separate Israel's land seizure practices from the dismantling of Palestinian institutions and the depletion of its financial resources. All of these are tools that lead to one same result, weakening our people's ability to remain steadfast and stay on their land. This leads to undermining our people's national institutions and preventing the realization of its state. The Israeli government is withholding more than $6 billion that belonged to the Palestinian people. We are demanding the immediate release of all our withheld funds, the guarantee of their regular and full transfer, and the lifting of the financial and economic restrictions and the blockade imposed on our people and our institutions in accordance with the Paris Economic Protocol, which was agreed upon following the Oslo Convention.

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We also followed with concern the persistence of the economic, commercial and financial restrictions affecting Cuba and call for their lifting for the benefit of the development and well-being of the Cuban people to whom we express our solidarity. Excellencies Sao Tomé and Principe will remain faithful to the charter of the United Nations international law, peace, human rights and multilateralism, standing as a voice of dialogue and moderation, and as a committed partner for stability in the Gulf of Guinea. On the eve of the elections in Sao Tomé and Principe, it is important to acknowledge the progress made in a challenging context.

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We aspire to build space for progress and growth, together with partners from all regions around the world. For this reason, we continue to build the most dense network of trade agreements in the world, covering 84 countries from around the planet. In the last 12 months alone, we've concluded negotiations and signed agreements with India, Australia, Philippines, Mercosur, Mexico, among others, benefiting billions of people. But the value of what we can do with our partners needs to go trade.

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For Somalia, disruptions in the Strait of Hormuz have serious economic and humanitarian consequences. As an import dependent country reliant on the Middle East for much of our food fuel trade, Somalia is already facing rising prices, inflation, and increasing transport and insurance costs, while drought linked to climate change is affecting over 6 million people in Somalia. The disruption has also contributed to an estimated 40% decline in our customs based revenue, a critical source of financing Somalia's economic reform, growth and poverty reduction. Ensuring free and fair navigation through the strait is therefore essential to protecting vulnerable economies like Somalia and sustaining stability, advancing development and delivering basic services. Sustainable development requires strong institutions. In Somalia, we have created institutions capable of translating international commitments into national results.

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This is why, as a government, we are dealing with the consequences of energy price pressures by passing decrees to protect Croatian citizens and economy from energy shocks created far away from our shores. As distant as they may seem, these shocks are real as they ripple into domestic inflationary pressures affecting everything from wages and pensions to food prices and basic services. This is why freedom of navigation, maritime security and the strict implementation of the United Nations Convention on the law of the sea matter to everyone. For us, freedom of navigation and maritime security are both a national interest and a global responsibility.

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The suffering of the Cuban people should command our deepest solidarity. We reiterate our call for an end to the blockade on the Cuban people. The designation of Cuba as a state sponsor of terrorism is similarly unfounded and should be removed from that list. Unilateral coercive measures have negative spillover effects that seriously undermine third countries. Similarly, we also call for the urgent removal of sanctions against Zimbabwe. Our current reality demands that we act collectively to protect existing international institutions of justice from sanctions and intimidations, such as the International Criminal Court. These institutions fulfill important mandates for the benefit of all humanity.

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We view this experience not as a reason for complacency, but as a commitment to share with others. As we engage in the work of the G20, we view this forum as key to rebuilding trust in international relations and developing responses to the most important challenges of the modern world, from economic security through supply chain resilience to the stability of the trading system. In this context, an important step toward a more representative governance structure was the decision to expand this format so that every region could be represented. In 2023, the African Union was admitted to the G20. This was a good decision. It has strengthened the voice of the African continent, and it better reflects the actual processes taking place in the global economy. Now it is the time for the voice of Central Europe, which has been absent from this forum until now, to be heard in the G20 as well. This is a region that is developing dynamically and has a slightly different perspective and set of experiences compared to its Western partners and friends.

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This strategic maritime passage is a vital artery for international trade and any obstruction to free movement of shipping could seriously affect supply chains and energy security. Although Djibouti has observed no disruption to passage through the strait to date, my country's authorities remain particularly watchful with regard to the current tensions affecting the region. Mr. president, the climate emergency is one of the most pressing challenges facing our international community. For Djibouti as an African coastal country, this emergency is indivisible from development.

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Azerbaijan has emerged as a key transport and logistics hub between Europe and Asia, contributing to major regional connectivity initiatives, investing in modern transport infrastructure and expanding cooperation with regional partners. Since 2022, we have witnessed an increase in cargo volumes along the Middle Corridor by almost 90%. Strategic infrastructure projects along the Middle Corridor spearheaded by Azerbaijan, including the Baku International Sea Trade Port and the Baku-Tbilisi-Kars railway, are helping to create more resilient, diversified and sustainable supply chains between Asia and Europe. This growth demonstrates the Middle Corridor's considerable potential as a key driver of regional connectivity, trade facilitation and sustainable economic development.

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Mr. president, the same principle of fairness applies to Africa's critical minerals. Critical minerals are indispensable to the global energy transition, yet too much value is still added elsewhere. Processing at source, fair value chains, technology transfer and local industry would turn natural wealth into skilled work, stronger economies and hope for our young people. The green transition must not reproduce the extractive terms of the past. For the youth, this is immediate. A young person without work, opportunity or a stake in the future becomes vulnerable to the recruiter, the smuggler and the dangerous journey across the Mediterranean.

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In this same spirit of peace and respect for people's rights to development, Vietnam has always stood in solidarity with the state and people of Cuba. We call upon the U.S. to end the unilateral embargo and sanctions and the energy blockade against Cuba, and remove Cuba from the list of state sponsors of terrorism. We also call upon the international community to support Cuba in overcoming the sanctions induced crisis. Second, we must advance development that is equitable, humane and inclusive and sustainable.

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Africa must move beyond its historical role as an exporter of raw materials towards greater value addition, manufacturing, technological innovation, and knowledge driven growth. Our abundant natural resources must become engines of shared prosperity rather than sources of perpetual dependency. Mr. President, no nation, however formidable its defenses, can secure itself completely against dangers sustained beyond its borders. Terrorism, organized crime, cyber attacks and illicit finance exploit the gaps between our national responses, drawing strength from the divisions that weaken collective action.

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In 81 years, this organization has had nine secretaries general, all of them men. None has come from the Caribbean. We in the Bahamas believes that the time has come for both to change. Mr. president, in our own hemisphere, the Bahamas again calls for the lifting of the strengthened blockade against Cuba and an end to the fuel blockade and Cuba's removal from the unilateral lists of alleged state sponsors of terrorism. The Cuban people are suffering, and that's why we call for that. We call on all states to respect Latin America and the Caribbean as a zone of peace. And we must speak of Haiti.

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Protectionism produces no winners. Building walls, erecting barriers, decoupling and cutting off supply chains disrupt global industrial and supply chains, and harm the interests of all parties. We must firmly safeguard the WTO centered, rules based multilateral trading system, build an open world economy, jointly foster and strengthen new growth drivers, and see that economic globalization is inclusive and delivers benefits to all.

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Since that day, hundreds of Venezuelan political prisoners have been freed. They've let them out of jails, and we're working closely with the leaders of Venezuela to forge a much better future for the Venezuelan people. Last month, we signed the largest oil deal in history, covering 65 billion barrels of oil, which will benefit both Venezuela and the United States enormously and help drive down the cost of energy all over the world. And that is starting to perk right now. It's coming out. The biggest oil companies in the world are going in, and the numbers are absolutely incredible. When you add the United States and Venezuela together, we have more than 60% of the oil in the world. So it's perhaps the biggest deal. It was a war, but it's perhaps the biggest deal ever made. To the victor belong the spoils. You've all heard that our actions in Venezuela are proof that the United States will no longer permit threats to America to gain a foothold anywhere in the Western Hemisphere. And if necessary, we will use our unmatched military might to secure the vital national interests of the United States. As you know, Venezuela had the finest equipment in the world from other countries. And guess what? It didn't work. Didn't even come close to working.

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We must also empower Africa to play a more active role. Africa, with its 55 states and more than 1.4 billion inhabitants, cannot remain on the margins of the bodies that shape the rules of global trade. On behalf of the African Union, I reiterate our continent's call for full and equitable representation within the World Trade Organization. This is not a favor we are seeking. It is a demand for justice. It is also a guarantee of progress for the entire multilateral trading system. With the African Continental Free Trade Area, our continent has already demonstrated its capacity to develop rules and to integrate markets. It is now up to global trade governance to draw on this.

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For more than three decades, this Assembly has said that the economic embargo imposed on Cuba must end. Whatever disagreements exist, the collective punishment of an entire population denying medicine, denying trade, denying fuel, denying ordinary development cannot be reconciled with the charter we all signed. My government adds its voice to a call renewed year after year in this hall, for the embargo to end. When a devastating earthquake struck Venezuela earlier this year, claiming thousands of lives, Saint Vincent and the Grenadines stood up in solidarity, contributing emergency assistance through a coordinated CARICOM relief effort.

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The values enshrined in the United Nations Charter elevate this organization to be the epicenter for global multilateralism. For this reason, we oppose the imposition of unilateral coercive measures, which continue to penalize entire people in clear violation of the aforementioned Charter of the UN. We thus reiterate our position in support of the ending of the economic, commercial, and financial blockade imposed against Cuba. Likewise, we wish to express our solidarity with the brotherly people of Zimbabwe and reiterate our position in favor of the unconditional lifting of sanctions against Zimbabwe and other countries in the world.

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It has become possible for an international waterway through which nearly a quarter of the world's energy trade passes to be closed. It has also become possible for the lifelines of the global economy to be turned into tools of pressure and bargaining with people on every continent bearing the cost, despite being far removed from the causes of the conflict. This is a crisis that drives up the prices of food and medicine, and affects the livelihoods of peoples who have nothing to do with any of this.

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And we invite investors and development partners to join us through, for example, mutually beneficial public private partnerships. We want the partnerships that create added value, develop our national competencies, promote technology, transfer, respect our interests, and help us manage and develop our economy. Your excellencies, ladies and gentlemen, the Republic of the Congo also bears a special responsibility for the Congo Basin, which is the world's second largest environmental Lung. This exceptional ecosystem contains immense biodiversity and plays a crucial role in regulating the global climate.

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Relations among the major powers increasingly shape trade, technology, energy, critical raw materials, transport routes and digital infrastructure. What we called economic interdependence yesterday, we increasingly see today as a matter of national security. Globalization is not disappearing. It is being reshaped. Supply chains are changing. Production is once again becoming a geopolitical question. States are asking not only where something can be produced more cheaply, but who can be trusted, not only where energy comes from, but whether it will be available when crisis strikes. Not only who develops the next generation of technology, but who will set the rules under which it will operate. Alliances, too, are changing under the pressure of this same world. Macedonian citizens know where they belong. We are a NATO ally.

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We also call for the strengthening of the rules based multilateral trading system and for fair, transparent and equitable mechanisms for resolving trade disputes. Mr. president, the rapid evolution of digital and emerging technologies, including artificial intelligence, is already shaping economic, social and institutional developments across the globe. We support the General Assembly resolution establishing the Global dialogue on AI governance, and we welcome the work being done by the Independent International Scientific Panel on AI. For Mauritius, digital innovation is a developmental imperative.

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We know that sanctions undermine economic and financial freedoms and hinder human development. Three, we believe in respecting the rights of nature; that is the only way in which we can duly consecrate human life. Four, equally, the institutional failure of global trade is today patently clear, because no nation can thrive in supranational systems which do not promote national industry and which prioritize outsourcing and award that strategy. Five, international stability means that we must resolve our three-pronged energy trilemma: we must, at the same time, guarantee security of supply, affordable prices, and environmental sustainability.

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Those who are ill, innocent people, the poor, the least privileged in our society, are the targets of these sanctions. And this is what the United States seeks to do with all countries: to sacrifice the population of a country in order to achieve her illegitimate goals. If we seek true peace and stability, we must apply a single standard for all. Iran does not seek special treatment.

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And as the Prime Minister of a leading shipping nation, it is worth remembering a stark fact more than 90% of global trade is conducted by sea. If we systematically threaten the freedom of navigation and do not protect vital sea routes, the global economy risks coming to a grinding halt. And this is something that should be of great interest to every single country represented in this great assembly. Gentlemen, I would like to conclude with a few thoughts on the topic of artificial intelligence.

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I am asking this assembly to honour its word. And I cannot then fall silent when that word is broken for someone else. For 33 consecutive years, this assembly has called for an end to the embargo against Cuba. Naoero reiterates that call and we encourage dialogue grounded in full respect for sovereignty because sovereign equality must be more than a principle written in the charter.

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Excellencies, the hardship faced by the Cuban people demands our attention. Antigua and Barbuda called on our friends, the United States of America and Cuba, to return to the table of diplomacy and work as good neighbours would towards resolving their long standing dispute. The Cuban people must not bear the collective punishment for political disagreement.

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The economic blockade against our sister nation, compounded by restrictions on fuel, has severely damaged the Cuban economy. This crisis is unnecessary and unjustified. Belize renews its call for the lifting of the blockade and for Cuba's removal from the list of state sponsors of terrorism. In Palestine, the legal and moral test is unambiguous.

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The Strait of Hormuz shows us why: its closure raises energy prices, disrupts global supply lines and curbs growth far beyond the region itself, from petrol pumps in Minneapolis to Oslo, from Cape Town to Mumbai. International law is not a menu you can choose from at will. It must be upheld universally.

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We also must not forget how much progress has been driven by the economic freedom. Perhaps humanity's greatest gift is our capacity to create, to imagine something that doesn't exist and then bring it into being. Creativity is universal. What differs is whether societies give it room to flourish.

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This is what we sought to achieve at the G7 meeting France convened, bringing together countries of the South, ensuring that there is common ground, a dialogue going beyond the G7 with China, India, Brazil, South Korea, Kenya the list goes on so that we can improve our collective organization, ensure that we work on rare earth minerals, rare earth metals, critical minerals. As well as other areas. At the end of the day, we must shoulder this responsibility, ensuring that there is no rift between these two blocks.

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Now let's add to that unfair global trade where the rules are written to serve the interests of transnational corporations and also illegal unilateral sanctions that are suffocating entire nations. And those efforts are intensifying. But what is the U.N. doing? The organization has not been able to resolve a single serious conflict.

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Ladies and gentlemen, the pillars of multilateralism are being eroded. The World Trade Organization is being kept on life support. When governments capitulate vis a vis those who use tariffs as weapons of coercion and blackmail, consequences are harmful. In the age of misinformation, obscurantists resist the evidence of science.

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