United Nations


General Assembly
Security Council

Distr. GENERAL  

22 June 1995


Fiftieth sessionFiftieth year  
Items 23, 24, 26, 28, 29,
  44, 46, 57, 65, 70, 80,
  86, 92, 96, 97, 98, 99,
  101, 107, 108, 114, 116,
  119, 122 and 149 of the
  preliminary list*
  THE 1990s

  *  A/50/50/Rev.1.
95-18768 (E)   260695/...
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          Letter dated 19 June 1995 from the Permanent Representative of
          Canada to the United Nations addressed to the Secretary-General

  I have  the honour  to transmit herewith  the final documents,  in English
and French,  of the  G-7 Summit  held at  Halifax from 15  to 17  June 1995.
They  consist  of  the  Summit  Communique  (annex  I)  and  the  Chairman's
Statement (annex II).
  I should be grateful if you  could arrange to have the text of the present
letter and its  annexes circulated  as an official  document of the  General
Assembly, under items 23, 24,  26, 28, 29, 44, 46, 57,  65, 70, 80,  86, 92,
96,  97,  98,  99,  101,  107,  108, 114,  116,  119,  122  and  149 of  the
preliminary list, and  of the Security Council.   I should also be  grateful
if  these documents  could be  made  available to  the Economic  and  Social
Council for the high-level segment of its substantive session of 1995.
                                                  (Signed)       Robert   R.

                                                                /. . .
Page 3

            [original:  English and French]

   Halifax Summit


June 15 -17, 1995

*       The present  annex is  being published  as received,  without formal
Page 4



1.               We,  the  Heads  of State  and  Government  of  seven major
industrialized  nations and  the President of the  European Commission, have
met in  Halifax for our 21st  annual Summit.  We have gathered at  a time of
change  and opportunity,  and  have  reaffirmed  our commitment  to  working
together and with our partners throughout the world.


2.         The central purpose of our economic policy is to improve the well
being  of  our people,  allowing them  to  lead  full and  productive lives.
Creating  good  quality  jobs  and  reducing  unemployment,  which   remains
unacceptably high in too  many of our countries, is thus an urgent  priority
for all  of us.  We are  committed to establishing  an economic  environment
conducive to the accomplishment of this goal.

3.         We  remain encouraged by the continued  strong growth in  much of
the world's  economy. While  there has  been some  slowing, in  most of  our
countries  the conditions  for continued  growth appear to  be in  place and
inflation is  well under  control. We will pursue  appropriate macroeconomic
and structural policies to maintain the momentum of growth.

4.         Yet problems remain.  Internal and external imbalances,  together
withunhelpful fluctuationsin financialand currency markets,could jeopardize
 achievement of sustained,  non-inflationary growth as well as the continued
expansion of international trade.

5.         We remain committed to the medium-term economic strategy that  we
earlier agreed upon. Consistent with it, we are  determined to make the best
possible  use of the  current economic expansion by  taking steps to promote
durable job  creation. This  requires determined  action  to further  reduce
public deficits, to maintain a non-inflationary environment and to  increase
national savings for the  funding of a high level of global investment. Each
country has to keep its own house in order.

6.           We endorse  the conclusions reached by G7  Finance Ministers in
Washington  and  ask   them  to  maintain  close  cooperation  in   economic
surveillance and in exchange markets.

7.         Good fiscal  and monetary policies will not on their  own deliver
the  full  fruits  of  better  economic  performance.  We  must  also remove
obstacles to  achieving the longer-term potential  of our  economies to grow
and create secure, well-paying jobs. This  will require measures to  upgrade
the skills of our labour force, and  to promote, where appropriate,  greater
flexibility in  labour markets and  elimination of unnecessary  regulations.
At  Naples we  committed ourselves  to a  range of  reforms in  the areas of
training   and   education,  labour   market   regulation   and  adjustment,
technological  innovation  and enhanced  competition.  As  we  pursue  these
reforms, we welcome the initiation by the  OECD of a detailed review of each
member economy's structural and employment policies.

                                                            /. . .
Page 5

8.         As a follow up to our discussions, we  agree to ask ministers  to
meet in France  before our next  Summit to  review the progress made  in job
creation  and  consider how  best  to  increase employment  in  all  of  our

9.            We are  also committed  to ensuring  protection for  our aging
populations and  those in need  in our  societies. To this end,  some of our
countries must  take measures  to ensure  the sustainability  of our  public
pension  programs  and  systems  of  social support.  Similar  attention  is
required in some  of our countries  to ensuring the availability  of private
sector pension funds.

10.        We welcome the results  of the G-7 Information Society conference
held  in Brussels in  February, including  the eight  core policy principles
agreed to  by Ministers, and encourage implementation of the series of pilot
projects  designed  to  help  promote  innovation  and  the  spread  of  new
technologies. We  also welcome  the involvement  of the  private sector.  We
encourage a dialogue with developing  countries and economies  in transition
in establishing  the Global Information  Society, and  welcome the  proposal
that an  information  society conference  be  convened  in South  Africa  in
spring 1996.

11.         International institutions  have been central to  our pursuit of
stability, prosperity  and equity  for the  past 50  years.   Last year,  in
Naples, we called for a review  of the international institutions  to ensure
that they  are  equipped to  deal effectively  with  the  challenges of  the
future. Today, in Halifax, we are proposing some concrete steps toward  this
goal. All  countries have a stake  in effective,  efficient institutions. We
pledge our full  energies to strengthening  the institutions  in partnership
with their entire membership to  enhance the security and  prosperity of the

Strengthening the Global Economy

12.         The  world economy  has changed beyond all  recognition over the
last fifty  years.  The process  of globalization,  driven by  technological
change, has led to increased economic  interdependence: this applied to some
policy areas  seen  previously  as  purely  domestic,  and  to  interactions
between policy areas.  The major challenge confronting  us is to manage this
increased  interdependence  while working  with the  grain  of markets,  and
recognizing  the growing number  of important  players.   This is especially
important in the pursuit of global macroeconomic and financial stability.

13.        Close consultation  and effective  cooperation on  macroeconomics
policies  among the G7  are important  elements in  promoting sustained non-
inflationary  growth avoiding the  emergence of  large external and internal
imbalances, and promoting greater exchange market  stability.  Our Ministers
have adopted  a number of  changes to the  structure of  their consultations
over  time, in  order to  strenghten policy cooperation,  including enhanced
consultation with the IMF.

Page 6

14.  The growth  and integration of global capital markets have created both
opportunities  and new  risks. We  have a  shared interest  in ensuring  the
international community
remains able to manage  the risks inherent in the growth of private  capital
flows, the increased
integration of  domestic  capital  markets,  and the  accelerating  pace  of
financial innovation

15.              The  developments in  Mexico  earlier this  year  and their
repercussions  have sharpened  our focus  on  these  issues. We  welcome the
recent more  positive turn  of events  in Mexico,  as well  as the  positive
developments in a number of emerging economies.

16.         The prevention of crisis is the preferred course of action. This
is  best achieved through  each country  pursuing sound  fiscal and monetary
policies. But it also requires an improved early warning system, so that  we
can act more quickly  to prevent or handle  financial shocks. Such  a system
must  include  improved and  effective  surveillance  of  national  economic
policies and financial  market developments,  and fuller disclosure of  this
information to market participants. To this end, we urge the IMF to:
*establish  benchmarks  for  the  timely publication  of  key  economic  and
financial data;

*establish a procedure for  the regular public  identification of  countries
which comply with these benchmarks;

*insist  on full and timely  reporting by member  countries of standard sets
of  data, provide  sharper policy  advice  to  all governments,  and deliver
franker messages to countries that appear to be avoiding necessary actions.

  17.       If  prevention fails,  financial  market distress  requires that
multilateral  institutions  and major  economies  be  able to  respond where
appropriate in  a quick and  coordinated fashion  Financing mechanisms  must
operate  on a  scale  and with  the  timeliness  required  to manage  shocks
effectively. In this context, we urge the IMF to:

  *establish a  new standing procedure  -- "Emergency Financing  Mechanism"-
which  would  provide  faster  access  to  Fund  arrangements  with   strong
conditionality and larger upfront disbursements in crisis situations.
18.  To support this procedure, we ask:

  *the G- 10 and other countries with the capacity to support the system  to
develop  financing arrangements with  the objective  of doubling  as soon as
possible  the  amount  currently  available  under  the  GAB  to  respond to
financial emergencies;

19.  To ensure  that the IMF has  sufficient resources to  meet its  ongoing
responsibilities, we urge continued discussions on a new IMF quota review.
                                                            /. . .
Page 7

20.             Solid  progress  on  the  elements  discussed  above  should
significantly  improve our  ability to  cope with  future financial  crises.
Nevertheless, these  improvements may  not be  sufficient in  all cases.  In
line with this, and  recognizing the complex legal and other issues posed in
debt  crisis situations  by the  wide  variety  of sources  of international
finance involved, we would  encourage further review by  G- 10 Ministers and
Governors  of other procedures  that might  also usefully  be considered for
their orderly resolution.

21.         We continue to support  the inclusion of all IMF  members in the
SDR system.  Moreover, we  urge the  IMF to initiate  a broad review  of the
role and  functions of the SDR  in light of  changes in  the world financial

22.             Closer  international  cooperation  in  the  regulation  and
supervision  of financial institutions and markets is essential to safeguard
the financial  system and  prevent an  erosion of  prudential standards.  We

  *a deepening of  cooperation among regulators and supervisory agencies  to
ensure  an  effective  and  integrated  approach,  on  a  global  basis,  to
developing  and  enhancing  the  safeguards,   standards,  transparency  and
systems necessary to monitor and contain risks;

  *continued  encouragement   to   countries   to  remove   capital   market
restrictions,  coupled with  strengthened policy  advice from  international
financial institutions on the appropriate supervisory structures;
  *Finance  ministers   to  commission   studies  and   analysis  from   the
international   organizations  responsible   for  banking   and   securities
regulations and to report on the  adequacy of current arrangements, together
with proposals for improvement where necessary, at the next Summit.

23.   We  also  recognize that  international financial  fraud is  a growing
problem. We are committed  to improving communication between regulators and
law enforcement agencies.

Promoting Sustainable Development

24.  A  higher quality of  life for all  people is the  goal of  sustainable
development.  Democracy,   human   rights,   transparent   and   accountable
governance,  investment  in people  and  environmental  protection  are  the
foundations  of sustainable  development.  The primary  responsibility rests
with each country  but bilateral and multilateral international  cooperation
is  essential to reinforce  national efforts.  We are  committed to securing
substantial flows of funds and to improving the quality of our assistance.

25.       IDA plays  an indispensable role in helping to  reduce poverty and
integrate the poorest countries  into the global economy. We urge all  donor
countries to  fulfil promptly their  commitments to IDA-10 and  to support a
significant  replenishment   through  IDA-11.   We  look   forward  to   the
recommendations of  the Development Committee's  Task Force on  Multilateral
Development Banks.

                                                            / . . .
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26.     Multilateral  institutions   play  a   crucial  role   by  providing
intellectual leadership and
policy  advice, and  by marshalling  resources  for countries  committed  to
sustainable development.
The  United Nations and the Bretton Woods institutions should build on their
respective strengths.
The  UN offers a unique  forum for consensus  building on global priorities,
is an advocate for core
values, and  responds  to development  and humanitarian  needs. The  Bretton
Woods institutions
have a particular role in promoting  macroeconomic stability, in  supporting
environments for sustainable development and in mobilizing and  transferring
resources for
development. We will  work with the organizations  and all their members  to
ensure relevant
multilateral institutions:

  *make  sustainable  development  a  central  goal  of  their policies  and
programmes,  including by  intensifying  and deepening  the  integration  of
environmental considerations into all aspects of their programmes;

  *encourage countries  to follow sound  economic, environmental and  social
policies and  to create the appropriate  legal and  structural framework for
sustainable development;

  *encourage  countries to  follow participatory development  strategies and
support   governmental   reforms  that   assure   transparency   and  public
accountability, a stable rule of law, and an active civil society;

  *encourage  the development of a healthy private sector, expand guarantees
and  co-financing  arrangements to  catalyze  private  flows,  and  increase
credit for small and medium-sized enterprises;
   *continue  to  provide  resources  for  the  infrastructure  needed   for
sustainable  development, where  these  are not  available from  the private

27.   We agree on  the need  to actively support  the peace  process in  the
Such support  would  include the  establishment  of  a new  institution  and
financing mechanism
enhancing regional cooperation. We therefore urge  the Task Force already at
work to continue its
deliberations with  an aim to arriving  at a suitable  proposal in time  for
the Amman summit next
Reducing Poverty

28.          An overriding priority is to improve the  plight of the world's
poor. Persistence  of extreme  poverty and  marginalization  of the  poorest
countries  is   simply  not  compatible   with  universal  aspirations   for
prosperity   and  security.  Sub-Saharan  Africa   faces  especially  severe
challenges.  We will  work  with others  to encourage  relevant multilateral
institutions to:

                                                              / . . .
Page 9

  *focus concessional resources  on the poorest countries, especially  those
in Sub-Saharan Africa, which have a  demonstrated capacity and commitment to
use  them effectively, and  take trends  in military  and other unproductive
spending into account in extending assistance;

direct  a substantially  increased proportion  of their  resources to  basic
social programmes and other measures which attack the roots of poverty.

29.   We welcome  the Paris Club response to  our encouragement last year to
improve the  treatment of  the debt  of the  poorest countries and  urge the
full and constructive implementation of the  Naples terms. We recognize that
some of  the poorest  countries have substantial multilateral  debt burdens.
We will encourage:

  *the Bretton  Woods institutions  to develop a  comprehensive approach  to
assist  countries with  multilateral  debt problems,  through  the  flexible
implementation of existing instruments and new mechanisms where necessary;

  *better use of all  existing World Bank  and if resources and adoption  of
appropriate measures in  the multilateral development banks to advance  this
objective and to continue concessional ESAF lending operations.

30.   Open  markets throughout  the world  are also  crucial  to accelerated
economic growth  in  the  developing  countries.  Multilateral  institutions
should work  to assist  the integration  of the poorest  countries into  the
world trading  system.  We  encourage  the WTO  to  monitor and  review  the
Uruguay Round's impact on the least developed countries.

Safeguarding the Environment
  31.           We  place top priority  on both  domestic and  international
action to safeguard  the environment. Environmental protection triggers  the
development  and   deployment  of  innovative  technologies,  which  enhance
economic efficiency  and growth  and help  create long  term employment.  In
their  policies,  operations and  procurement,  G-7  governments  must  show
leadership in improving  the environment. This  will require the appropriate
mix   of   economic   instruments,  innovative   accountability  mechanisms,
environmental impact assessment  and voluntary measures. Efforts must  focus
on pollution prevention,  the "polluter pays" principle, internalization  of
environmental costs,  and the  integration  of environmental  considerations
into policy and decision making in all sectors.

32.          We underline the importance of meeting  the commitments we made
at the 1992 Rio Earth  Summit and subsequently, and the  need to review  and
strengthen them, where appropriate. Climate change  remains of major  global
importance. We will work with others to:

fulfil  our existing  obligations under  the Climate  Change Convention, and
our commitments to meet the agreed ambitious timetable and objectives to

                                                            / . . .
Page 10

               follow up the Berlin Conference of the Parties,

  *implement  the  medium   term  work  program  adopted  pursuant  to   the
Convention on Biological Diversity;

  *conclude successfully  the work  of the  CSD  intergovernmental panel  on
forests, and  promote a successful UN  Conference on  Straddling Fish Stocks
and  Highly Migratory Fish  Stocks and  international consensus  at the next
CSD session on action to deal with the problems of the world's oceans.

33.   We encourage  a clearer  delineation of the  mandates of  the CSD  and
UNEP. CSD should be the global forum for identifying and agreeing upon  long
term strategic goals for
sustainable development. UNEP  should act as an international  environmental
voice  and catalyst;  it should  focus  on  monitoring, assessment,  and the
development of international environmental law.

Preventing and Responding to Crises

34.   Disasters and  other crises  complicate the  development challenge and
have exposed  gaps  in our  institutional  machinery.  To help  prevent  and
mitigate emerging  crises,  including those  with human  rights and  refugee
dimensions, we will ask:

  *the  UN Secretary General  to explore  means to improve  the analysis and
utilization  of  disaster and  conflict-related  early warning  information,
particularly through the High Commissioners on Human Rights and Refugees;

  *the  Bretton  Woods  institutions  and  the   U.N.  to  establish  a  new
coordination procedure,  supported as  necessary by  existing resources,  to
facilitate a  smooth  transition from  the emergency  to the  rehabilitation
phase of a crisis, and to cooperate more effectively with donor countries;

  *the  bodies involved  in  the  provision of  humanitarian  assistance  to
cooperate more  closely with the Department  of Humanitarian  Affairs in its
assigned coordination role.

Reinforcing Coherence, Effectiveness and Efficiency of Institutions

35.   To fulfil  their missions  effectively into  the future,  multilateral
institutions must continue to  undertake reforms and to improve coordination
and  reduce overlap.  The international  financial institutions  have  shown
flexibility in responding to the changing needs  of the world economy; there
nevertheless remain  a number of areas  where improvements  are desirable to
better  prepare  the   institutions  for  the   challenges  ahead.  We  will
  *the World Bank and the regional development banks to decentralize their
Page 11

    operations wherever possible;

  *the IMF  and World Bank to concentrate on their  respective core concerns
(broadly,  macroeconomic  policy for  the IMF  and  structural and  sectoral
policies for the World Bank);

  *revision of  the Ministerial  committees of  the  IMF and  World Bank  to
promote more effective decision-making;

  *the  World Bank Group to integrate more effectively the activities of the
International Finance Corporation and  the Multilateral Investment Guarantee
Agency into its country assistance strategies;

  *the  multilateral   development  banks  to  coordinate  their  respective
country programmes  more effectively with  bilateral and other  multilateral

36.  So as to allow the United Nations better to  meet the objectives in its
Charter,  we will  encourage  broadening  and deepening  the reform  process
already underway, and will work with others to:

  *complete  the  Agenda for  Development,  which  should  set  out a  fresh
approach   to   international   cooperation   and   define  the   particular
contribution expected of UN bodies;

  *develop  a more  effective  internal  policy coordination  role  for  the
Economic and Social  Council (ECOSOC); encourage deeper cooperation  between
UN  and  specialized  agencies  both  at  headquarters  and  in  the  field;
consolidate and streamline organizations in the  economic and social fields,
such as  humanitarian relief and development  assistance; and encourage  the
adoption  of  modern management  techniques,  with  a more  transparent  and
accountable Secretariat;

  *update  and focus mandates to avoid duplication;  eliminate overlaps with
new organizations, eg.  UNCTAD with WTO, and  consider the roles  of certain
institutions  in  light  of  evolving  challenges,  eg.  Regional   Economic
Commissions and UNIDO;

We call  upon Member  States to  meet their  financial obligations and  urge
early agreement on reform of the system of assessment.

37.   To increase overall coherence,  cooperation and  cost effectiveness we
will work with others to encourage:

  *rationalization  of  data collection,  analysis,  priority  setting,  and
reporting  activities,  and greater  complementarity  in  the  provision  of
assistance at the country level;

                                                   / . . .
Page 12

  *improved   coordination  among   international  organizations,  bilateral
donors and NGOs;
  *all  institutions to formulate  and implement plans to effect significant
reductions in operating costs over the next few years.


38.   These are our initial  proposals to  prepare multilateral institutions
for the challenges of  the next century. We intend to promote them actively,
working together with the wider international  community in all  appropriate
organizations. In  particular, in  the UN,  we commit  ourselves to  working
with other members to  advance these goals. We will use the 5Oth anniversary
celebrations  in October 1995  to build  consensus on  these priorities with
others. We will take stock at our meeting next year in France.


39.   We recognize  that new  investment and  increased trade  are vital  to
achieving  our growth  and employment  objectives.  In  a global  market, op
portunities for  domestic and foreign producers  and suppliers  of goods and
services depend as much  on domestic policies  as on external barrie rs.  In
order to  improve market access,  we intend to  work for  the reduc  tion of
remaining internal and external barriers.

40.  We will implement the Uruguay Round Agreements fully, and reaffirm  our
commitment to resist protectionism  in all its forms.  We will build  on the
Agreements to  create new opportunities for  growth, employment  a nd global
cooperation.  We will  work  together and  with  our trading  part  ners  to
consolidate the  WTO  as an  effective  institution,  and are  committed  to
ensuring a well-functioning  and respected dispute settlement mechanism.  We
endorse closer cooperation  between the WTO and other international economic
institutions. We recognize the importance  of enhancing the  transparency of
the WTO.

 41.   We support accession  to the WTO  in accordance  with the  rules that
apply to  all of  its members and on  the basis of meaningful  market access
commitments.  We  are  committed  to  ensuring  that  our  participation  in
regional  trade  initiatives  continues  to  be  a  positive  force  for the
multilateral system.

42.    The  momentum  of trade  liberalization  must be  maintained.  We are
committed  to the successful completion of current  negotiations in services
sectors  and, in  particular, significant  liberalization in  financial  and
telecommunications services.  We will proceed with followup work foreseen in
the Uruguay Round Final  Act. We encourage  work in areas such as  technical
standards, intellectual property  and governmen t procurement; an  immediate
priority is  the negotiation  in the  OECD of  a high standard  multilateral
agreement on  investment. We will begin  discussions on  investment with our
partners in  the  WTO. We  recognize  that  initiatives such  as  regulatory
reform  have  a  particularly  important   contribution  to  make  to  trade
liberalization   and  economic   growth  by   removing  administrative   and
structural impediments to global competition.
Page 13

ed to increased economic interdependence: this  applies to some policy areas
seen previously as purely domestic, and to interactions betw


43.  Consistent  with the goal  of continued trade  liberalization, we  will
pursue work on:
  *trade  and  environment  to  ensure  that  rules  and  policies  in these
different areas are compatible;

  *the scope for multilateral action in the fields of trade and  competition

  *trade, employment and labour standards.

44.   We  will  work  together  with  our  partners  in the  WTO  and  other
appropriate fora to create the basis for an ambitious first WTO  Ministerial
Meeting in Singapore in 1996.


45.   We  recognize the  progress  of many  countries in  transition  toward
democratic,  market-based  societies.  Early  and  determined  macroeconomic
stabilization  has proven  the most  effective  strategy  to allow  an early
return  to growth. To consolidate  these gains, the  process of far reaching
structural reform must be pursued vigorously.  We will continue our  support
for economic  reform in the economies  in transition,  and their integration
into the  global trade and  financial systems. We  recognize their need  for
improved market access.

46.   We welcome  the good  start Ukraine  has made on  its bold  program of
economic reform. The recent Stand-By Arrangement  with the IMF provided  the
basis  for substantial  financial  support by  the  international  financial
institutions  and bilateral  donors. We  encourage Ukraine  to continue  its
reform  efforts  in  dose  cooperation  with  the  international   financial
institutions.  Assuming  the continuation  of  strong  economic  reform,  an
additional  $2   billion  in  commitments   could  be   available  from  the
international financial institutions by the end of 1996.

47.    We  are  encouraged  by  Russia's  renewed  commitments  to financial
stabilization  and  economic reform.  Continued  political  reform  is  also
necessary.  We  believe  that  a  stable  political,  regulatory  and  legal
environment, and the development of a  modem financial sector, together with
the  full implementation of  the policy  measures outlined  in the recently-
signed I~ Stand-By  Arrangement, u  ill promote Russian economic  recovery.
We welcome the  June 3 Pans  Club debt rescheduling agreement  and recognize
the  relevance  of  a  comprehensive  multilateral  treatment  of   Russia's
external  public debt. We  also note Russia's  interest in  working in close
cooperation with the Paris Club.


48.  Each country  is responsible for the  safety of its nuclear facilities.
We welcome  progress to date in  improving levels of  nuclear safety in  the
countries of central and eastern

                / . . .
Page 14

Europe and the Newly  Independent States. We  congratulate President  Kuchma
of Ukraine  on his decision to  close the Chernobyl  nuclear power plant  by
the year 2000.  We reaffirm the  commitments of  support made  last year  at
Naples  under  the  G-7  Action Plan  for  Ukraine's Energy  Sector.  We are
pleased to  note the replenishment  of the  EBRD Nuclear Safety  Account and
the  commitment of  bilateral resources  for shortterm  safety upgrades  and
preliminary  decommissioning work  for the  closure of Chernobyl.  We invite
other donors to join  with the G-7 countries in contributing funds for  this
49.   In order  to assist  the closure  of Chernobyl,  we will  continue our
efforts   to  mobilize   international   support  for   appropriate   energy
production, energy  efficiency and nuclear  safety projects. Any  assistance
for replacement  power for Chernobyl will  be based  on sound cost-effective
and environmental  criteria. The World Bank  and EBRD  should continue their
cooperation with  Ukraine in devising a realistic long-term energy strategy.
They should increase their  financial contribution in support of appropriate
energy sector reform and energy conservation  measures, and mobilize private
sector support for energy investments.


50.   We have accepted the invitation  of the President of France to meet in
Lyon from June 27th to 29th, 1996.
                                                 Halifax, June 16, 1995

                                                             /* . .

Page 15

[Original:  English and French]

Halifax Summit


      June 17,1995

  *      The present annex  is being  published as  received, without formal
Page 16


1.In this 50th anniversary of the end of  the Second World War and the birth
of  the United Nations,  we discussed  in a spirit  of cooperation political
issues  of  global  importance.  Noting  with  satisfaction  what  has  been
achieved through reconciliation and cooperation, we confirmed our desire  to
work together ever more closely in finding solutions.

Commitment to Multilateral Engagement

2.We  reaffirm  our commitment  to  the  UN,  whose  Charter  lays down  the
fundamental  principles  for  an  international  order  based on  peace  and
security, sustainable development, and respect  for human rights. We support
measures to strengthen the  UN, which is  called upon  to play an ever  more
important role in the post Cold War period, and will work with other  Member
States to  build,  through concrete  reforms  of  the institutions,  a  more
effective and  efficient organization  to meet  the challenges  of the  next
half-century.  We  call   upon  Member  States   to  meet   their  financial
obligations and urge early agreement on reform of the system of assessment.

3.The United  Nations must be able  to act more  quickly and effectively  to
address threats to international peace and security.  We, for our part,  are
determined to  coordinate more closely our  individual efforts  to assist in
the  prevention, management  and resolution  of conflicts.  A high  priority
should be  placed on the  early warning of crises,  political mediation and,
in accordance with realistic mandates, the  rapid deployment of UN  civilian
and  military personnel, including  peacekeepers, to  areas of  conflict. We
encourage further  efforts to  improve operational  planning and  procedures
for peacekeeping  missions  as well  as  to  modernize command  and  control
equipment, logistical arrangements  and facilities. We  also stress the need
for measures to  ensure the  security of UN  personnel, including the  early
entry into  force of the  recently-adopted UN  Convention for the  Safety of
United Nations  and Associated  Personnel. We  welcome the  growing role  of
regional organizations and arrangements in building stability and  security,
in  the  prevention and  management  of  conflicts,  and  we attach  special
importance to  reinforcing cooperation  between such  organizations and  the
United Nations.

                                                         /. . .
Page 17

Arms Control and Disarmament

4.We  welcome  the indefinite  extension  of  the  Nuclear  NonProliferation
Treaty  and the  commitment of States  party to the  universalisation of the
Treaty  as well  as  their decisions  to strengthen  the review  process and
adopt  a  set  of  principles  and   objectives  for  non-proliferation  and
disarmament. The  entry into  force of  START I is  a major landmark  in the
process  of nuclear arms control,  which was greatly helped  by the decision
of  Ukraine  to  accede to  the  NPT.  We  now look  forward  to  the  early
ratification of  START 11. We  support the safe and  secure dismantlement of
the nuclear weapons eliminated under START  I and we welcome the work of the
United States and  Russia on measures  to ensure  that the fissile  material
from these weapons is rendered unusable  for weapons purposes. The  disposal
of weapons-grade  plutonium deserves particular  attention and we  encourage
its further study.

5.We are encouraged by the  growing international recognition of the need to
complete without delay  universal, comprehensive and verifiable treaties  to
ban nuclear weapons tests and to cut off  the production of fissile material
for  nuclear weapons  and other  nuclear explosive devices.  Recognizing the
continuing  dangers  posed  worldwide  by  criminal  diversion  and  illicit
trafficking of  nuclear materials,  and drawing  on the  decisions taken  in
Naples and  the practical  work undertaken  by  our experts  since then,  we
resolve to  work together to strengthen  systems of  control, accounting and
physical security  for nuclear materials; to  expand our  cooperation in the
area of customs, law enforcement and  intelligence and to strengthen through
venues such as the IAEA and  INTERPOL the international community's  ability
to combat  nuclear  theft and  smuggling.  We  emphasize the  importance  of
bringing  the  Chemical  Weapons  Convention  into  force  at  the  earliest
possible  date,  and  call  for rapid  progress  in  developing verification
systems for the Biological and Toxin Weapons Convention.

6.The  excessive transfer of  conventional arms,  in particular  to areas of
conflict,  is one  of  our  main  preoccupations.  We  are appalled  by  the
continuing injuries to civilians  caused by antipersonnel landmines. We urge
States to become  party to the 1980  Conventional Weapons Convention and  to
participate  in its review  conference this fall in  an effort to strengthen
multilateral controls over  anti-personnel landmines. We urge all  countries
to support full implementation of  the UN Register of Conventional Arms, and
note that Article  26 of the UN Charter  calls for "the  least diversion for
armaments of the world's human and economic resources. Regional

                                                            /. . .
Page 18

organizations can help promote transparency and confidencebuilding  measures
that reduce  excessive stockpiling  of conventional weapons.  We shall  work
with others  for  effective and  responsible  export  controls on  arms  and
sensitive dual-use goods and technologies.

Promoting New Approaches

7.New approaches are needed  in the UN and  elsewhere to deal  with emerging
global   challenges  such   as   environmental   degradation,  unsustainable
population growth, mass displacement of victims  of conflict and involuntary
migration across  borders. Initiatives  such as the  UN Secretary  General's
Agenda  for Development that highlight the linkages between economic, social
and political issues  could make an  important contribution to international
stability. We commit ourselves to working  with other Member States to build
on it. We also recognize the  importance of nongovernmental organizations in
the  UN's work on  economic and  social development,  including human rights
and humanitarian  assistance, and believe that greater coordination of their
efforts  with those  of  the UN  and other  organizations would  benefit the
world  community. We  reiterate our  firm  belief in  the necessity  for the
international community  to promote efficient means  to respond promptly  to
humanitarian emergencies, and support the work of the WEU in this area.

8.Respect for the  rights of the  individual is  at the heart of  a durable,
secure and  prosperous international  order. We  will work  to promote  good
governance and  democratic accountability, which  are the surest  guarantees
of respect for universal human rights  and fundamental freedoms. We  condemn
all   forms   of  discrimination   and  intolerance,   including  aggressive
nationalism  and the  mistreatment of  persons belonging  to minorities.  We
call  upon all  States  to protect  the  rights  set  out in  the  Universal
Declaration  of  Human  Rights,  and  to   ratify  and  comply  fully   with
international Covenants and other multilateral human rights instruments.  We
reaffirm our support for the UN High Commissioner  for Human Rights and  his
coordinating role on human  rights throughout the UN system. We call for the
strengthening  of  international  mechanisms  of  accountability  for  human
rights  violations, and  on  governments  to  cooperate fully  with  courts,
tribunals and investigative commissions, including on the effective  pursuit
of individual cases within the bounds of international and domestic law.

9.We  restate our resolve to defeat all forms of terrorism. Following recent
outrages,  we  agree to  share  more  intensively  our  experiences of,  and
lessons  learned from,  major terrorist  incidents,  and to  strengthen  our
cooperation  in  all areas  of  counter-terrorism,  including  research  and
technology.  We call  upon all  States  that  assist terrorists  to renounce
terrorism and to deny

/. . .
Page 19

financial support, the use of their territory or any other means of  support
to terrorist  organizations. We attach  particular importance to measures to
impede  the ability  of terrorist  organizations  to  raise funds,  and urge
other governments  to strenuously  enforce laws  against terrorist  activity
and join existing treaties and conventions  against terrorism. In pursuit of
these shared  aims, we  charge our  terrorism experts  group to report  to a
ministerial  level  meeting on  specific,  cooperative  measures  to  deter,
prevent,  and investigate  terrorists acts.  These  sessions should  be held
prior to our next meeting.

10.Transnational  criminal  organizations  are  a  growing  threat  to   the
security of our nations. They undermine  the integrity of financial systems,
breed corruption, and  weaken emerging democracies and developing  countries
around the world. To counter their  criminal activities effectively, we will
work   to  reinforce  existing  institutions,  strengthen  our  cooperation,
exchange  of  information, and  assistance  to  other  nations.  Sanctuaries
provided  by some  countries  to transnational  criminal  organizations  and
their  agents create a major difficulty in the implementation of justice. We
all agree to  cooperate more  closely together, and  with others, to  ensure
that they  cannot  escape justice  by  crossing  borders. We  encourage  all
governments to  adhere to and  implement relevant international  conventions
and  the recommendations of  the Financial  Action Task  Force. We recognize
that  ultimate success  requires all  Governments to  provide for  effective
measures  to prevent the  laundering of  proceeds from  drug trafficking and
other serious  crimes. To  implement our  commitments in  the fight  against
transnational  organized  crime,  we  have  established  a  group  of senior
experts with  a  temporary mandate  to  look  at existing  arrangements  for
cooperation both  bilateral and multilateral,  to identify significant  gaps
and  options for improved  coordination and  to propose  practical action to
fill such gaps. The group will report back to the Summit in 1996.


11. After five decades of division, we now have the historic opportunity  to
establish in all of Europe democracy,  market economy, stability, peace  and
prosperity. We  strongly support the contribution  of the  European Union to
stability  and  cooperation  through  its  Europe  Agreements  with  Central
European countries  and the  Baltic States  as well  as through  Partnership
Agreements  with Russia,  Ukraine  and other  newly  independent  States. We
encourage  States to take  full advantage  of the  opportunities afforded by
the Pact on  Stability in  Europe and NATO's  Partnership For Peace  program
for  enhancing security and stability  in the whole  of Europe. We encourage
other  multilateral fora and  arrangements to  assist in  the integration of
Europe. We are  pleased with the  steps taken  at the  Budapest Summit  last
year to strengthen the  capabilities of the OSCE,  and we will contribute to
the OSCE study into a security model for Europe for the 21st century.

                                                             /. . .
Page 20

12.We are  deeply concerned by the  continuing escalation  of hostilities in
Bosnia especially  in the  area of  Sarajevo. We  appeal to  all parties  to
establish an immediate moratorium on military  operations in order to  allow
political negotiations,  without which  no lasting solution is  possible, to
resume as quickly as  possible on the  basis of the Contact Group  proposals
which we urge the Bosnian Serbs to accept.

13.We  condemn  the  taking  of  UN hostages  by  the  Bosnian Serbs,  their
deplorable  shelling  of  civilian  populations  and  their  obstruction  of
UNPROFOR's freedom  of movement. We  demand the  immediate and unconditional
release of  the remaining  hostages, and  hold the  Bosnian Serb  leadership
accountable for  their safety.  We call on  the Bosnian  government and  all
other parties  to  renew the  Cessation  of  Hostilities Agreement,  and  to
ensure the free passage of humanitarian assistance.

14.We  welcome  the  decision  of  the  UN  Security  Council  to strengthen
UNPROFOR  and to provide  it with  a rapid reaction capacity  to enhance its
security and  its ability to protect  civilians, facilitate  the delivery of
humanitarian  assistance and  promote conditions  for  a lasting  peace. The
Rapid Reaction  Force  will  be  under  UN  command, as  stipulated  in  the
Security  Council resolution,  and  operate in  accordance  with  UNPROFOR's
existing mandate.

15.We call  for renewed impetus to  be given urgently  to the peace  process
and, in this  connection, we welcome  the appointment  of Carl  Bildt as  EU
negotiator,  and  offer our  strong  support  to  him and  to  UN negotiator
Thorvald Stoltenberg in their efforts to achieve a durable settlement.

16.We  call for early mutual recognition between the republics in the former
Yugoslavia  within   their  existing  internationally  recognized   borders;
recognition between Bosnia and the Federal  Republic of Yugoslavia would  be
an  important first step,  and we  urge President Milosevic to  take it. The
Bosnian-Croat  Federation  is  a  way  to  advance  reconciliation,  and  we
continue to  support steps  to help stabilize  the situation  in the  former
Yugoslav Republic of Macedonia.

17.We remain concerned about the risk  of further fighting in  Croatia. Both
the Croatian government and the Croatian  Serbs must exercise restraint.  We
urge the  parties to honour the  March 29, 1994  ceasefire and to  cooperate
with  the United  Nations in implementing  UNCRO's new mandate.  We call for
further development of  the Economic Agreement between the two sides and the
opening  of  political  talks  to  achieve   a  settlement  respecting   the
internationally recognized  borders of Croatia  while establishing  autonomy
for  the Serb  population  on the  basis of  the  principles  underlying the
Zagreb-4 Plan for Croatia.
Page 21

Middle East and Africa

18.The Israel-Jordan Peace Treaty is an  important building block for  peace
throughout the  region.  It is  imperative that  the momentum  for peace  be
maintained. We encourage  the conclusion  of peace  treaties between  Israel
and  Lebanon  and  Syria.  We  pledge  our  firm  support  for the  Israeli-
Palestinian Declaration  of Principles. We urge  Israel and the  Palestinian
Authority  to  conclude,  as  agreed  between  them,  the  arrangements  for
elections  in the Palestinian  Autonomous Territory  and the redeployment of
Israeli  Defence Forces. We  also recognize  the importance  of the economic
basis  for peace, notably  the need  for regional  integration. We reiterate
our call to the League of Arab States to end its boycott of Israel.

19.We call  upon the  Government of  Iran to  participate constructively  in
regional  and world affairs,  and to  desist from  supporting radical groups
that seek  to destroy  the  Middle East  Peace Process  and destabilize  the
region. We also call on the Iranian Government  to reject terrorism and,  in
particular, to withdraw its support from the continuing  threats to the life
of  Mr. Salman Rushdie  and others associated with his  work. We call on all
States  to avoid any  collaboration with Iran which  might contribute to the
acquisition of a nuclear weapons capability.

20.We  reiterate our  resolve to  enforce  full  implementation of  each and
every  relevant UN  Security Council  resolution concerning  Iraq  and Libya
until they  are complied  with, and  recall that  such implementation  would
entail  the  reassessment of  sanctions.  We  urge  Iraq  to reconsider  its
rejection of UN Security  Council Resolution 986 which would permit the sale
of oil and purchase of humanitarian goods.

21.We  support  the  positive  steps  of  the  Algerian  Government  towards
economic  reform, and  believe that  peace  and  stability provide  the only
durable  foundation for  success. We  call for  an  end  to the  violence in
Algeria,and  urge  all  parties  that  accept  non-violent  and   democratic
principles to pursue political reconciliation through peaceful dialogue  and
a genuine electoral process.

22.We  applaud the  peaceful and  democratic  transition  of power  in South
Africa, the  successful holding of elections  elsewhere in Southern  Africa,
and  the Angolan peace  process. These developments-provide good grounds for
optimism about Africa's longer term prospects.  We will continue to  support
efforts by African  leaders to prevent conflict  and enhance the welfare  of
their populations through  democratization, structural reform, and  economic
liberalization .

Page 22

23.We condemn extremists in Burundi and Rwanda and support measures to  hold
them  accountable for  their actions,  including through  the  International
Tribunal  for  Rwanda.  We   call  for  greater  international  support  for
humanitarian  assistance  for the  Rwanda/Burundi  region.  We  support  the
convening of a UN and OAU-sponsored Conference  on Stability and Security in
the Lakes Region.

24.We welcome the emerging  dialogue and cooperation  in and with the  Asia-
Pacific  region in  various forms  including  the  ASEAN Regional  Forum. We
welcome China's  growing participation  in international  and regional  fora
dealing with  political,  economic and  security  issues.  Each of  us  will
pursue  our  respective dialogues  with China  in  the interests  of a  more
stable  and  prosperous  world.  We look  forward  to a  smooth  transfer of
government in  Hong  Kong  in  1997,  with  the object  of  maintaining  its
economic prosperity and social stability.

25.We call  on North  Korea to  observe the  agreements reached  at the  NPT
Review  and Extension  Conference. We  believe the  Agreed Framework between
the United States and North Korea offers a  real prospect for resolving  the
North Korea  nuclear problem, and we  are encouraged  by recent developments
in this  regard. We  call on  North Korea  to fulfil  its commitment  to the
regime of IAEA safeguards and to uphold the  terms of the Agreed  Framework.
The support  of the international community  can be  demonstrated inter alia
through   participation  in   the   Korean   Peninsula  Energy   Development
Organization  (KEDO).  We  also believe  that  progress  in  the  SouthNorth
dialogue will contribute to peace and security on the Korean Peninsula.

26.We are  concerned about the  potential for conflict  in Kashmir and  urge
all parties  to  pursue a  peaceful settlement.  To help  lower tension  and
build  confidence  on  the  subcontinent,  as  well  as  to  strengthen  the
framework  of  global  security,  we  urge  India  and  Pakistan  to support
international arms control norms, accede to the NPT  and refrain from taking
further  steps towards ballistic  missile deployment  or any  other measures
that might precipitate a regional arms race.

27.We  call on  the Government  of Myanmar to  release Aung San  Suu Kyi and
other political prisoners, without conditions, and  to engage in a  dialogue
of reconciliation  aimed at the full and early realization  of democracy and
national unity.

28.The South  China  Sea has  become  increasingly  an area  of  territorial
dispute.  We call  upon  all  parties  to  resolve  their differences  in  a
peaceful manner respecting international norms.

Page 23


29.We encourage implementation by  the States of the  Americas of the  Miami
Summit Plan of Action to  strengthen democratic institutions,  eliminate the
threat of  terrorism, eradicate poverty  and discrimination, conserve  their
natural environment, and  negotiate the Free Trade  Area of the Americas. We
support the Government of Mexico's bold  steps towards political reform  and
dialogue. We commend the  efforts of the Guarantor Group of the Rio Protocol
to help Peru and Ecuador achieve a permanent peace between them. We  support
international cooperation in  Haiti's economic  and democratic  development,
and look  forward to free and  open legislative elections scheduled for June

Halifax, June 17, 1995


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