UN General Assembly
1977

293. El Salvador participated and will continue to participate very actively in the Third United Nations Conference on the Law of the Sea. The work of the Conference on such important matters as the evolution and codification of this new field of law is of capital importance for the economic development of all the peoples of the world. The body to be established to exploit the sea-bed for the benefit of all must have the necessary powers duly to safeguard the interests of the international community. These and other aspects of the subject must be considered at the forthcoming meetings of the Conference in Geneva on the basis of the composite informal negotiating text, and it is to be expected that at that time we shall overcome the obstacles which have heretofore impeded conclusion of such an important instrument as that on the law of the sea. That instrument appears even more necessary when we consider that delay in signing and implementing it could give rise to unilateral action by maritime Powers which could be detrimental to the interests of other nations.