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PANAMA'S FOREIGN MINISTER RENEWS SUPPORT FOR OAS

  May 15, 2002

Panama's Minister of Foreign Affairs, José Miguel Alemán, speaking at the Organization of American States today, renewed his country's "faith in the inter-American system." He said Panama would continue actively supporting moves to help the hemispheric Organization better accomplish its mission.

In his presentation to a special session of the Permanent Council, the Minister explained Panama's perspectives on a wide range of issues, including the promotion of democracy in the Americas, combating terrorism, external indebtedness and hemispheric free trade. On the latter, he stressed the need for the proposed Free Trade Area of the Americas (FTAA) to deliver "truly shared and equitable benefits" especially to the lesser developed among the nations of the Americas. "With the existing imbalances and limited capacity for the weaker economies to compete, equitable distribution of free trade benefits will be extremely difficult," he stated.

Foreign Minister Alemán touched on another issue he said was of pressing concern—"the pernicious effect of the high level of our countries' indebtedness." He said the annual debt service burden was diverting much-needed resources from the social needs. He urged the OAS to follow up on the consensus among the leaders at the recent Summit on Financing and Development in Monterrey, Mexico, and suggested that a hemispheric conference to coordinate strategies would seem "timely and important."

Alemán spoke as well about the upcoming thirty second session of the OAS General Assembly to be held in Barbados, noting the discussion that will engage the heads of delegation around the multidimensional approach to security. He said Panama had decided to adopt human security "as the basis of our security policy."

The Permanent Council's Chair, Ambassador Margarita Escobar of El Salvador, welcomed the Panamanian dignitary and thanked him on behalf of the member nations for his presentation.

Reference: E-096/02