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Statement by H.E.Ambassador Wang Yingfan, Permanent Representative of China to the UN, at the 26th Annual Meeting of Foreign Ministers of G-77

2002/09/20

Mr. Chairman,

Ladies and Gentlemen,

First of all, on behalf of the Chinese government, I would like to congratulate G77 on the convening of its 26th ministerial meeting. I am confident that under your distinguished leadership, this meeting will be crowned with success. We would also like to congratulate on his/her election as Chairman of G77 for the coming year.

Mr. Chairman,

As we enter the 21st century, peace and development remain the two overriding themes of our times. Today, the rapid advances of globalization and information technology have opened up broad prospects for the world economy and human progress. Regrettably, development has been very uneven in the world and the developing countries are still faced with numerous serious challenges, such as increasing impoverishment, resources and technology penury, the deepening digital divide and the growing gap between the North and the South. To make matters worse, the prospect for a new round of negotiations at the WTO is not yet clear and the continued economic slowdown experienced by the US and Japan might create new uncertainties for the developing countries in their external environment.

Under this backdrop, effectively resolving the development problems of the developing countries is both an exigency of the long-term stability and development of the world economy and a basis for safeguarding world peace and security. As an important coordinating mechanism for developing countries in the multilateral economic, trade and development field, G77 should make full use of the UN to play an active role in safeguarding the legitimate rights and interests of the developing countries and promoting the establishment of an enabling external environment. In this context, I would like to offer a few thoughts on the priorities of G77's future work at the 57th General Assembly and beyond.

Firstly, we need to be action-oriented in working for the implementation of the UN development objectives and mandates.

A series of major United Nations conferences, including the Millennium Summit, the Conference on Financing for Development and the Summit on Sustainable Development, have forged broad consensuses on questions of urgent concern to the developing countries, i.e. development financing, the elimination of poverty, sustainable development, technology transfers and capacity building. The Millennium Declaration, the Monterrey Consensus and the Johannesburg Declaration on Sustainable Development and Plan of Implementation have laid down concrete objectives, schedules and road maps for international development c