UN General Assembly
1995

important prerequisites for economic development and of the social development it entails, the development cycle, however, will not be complete without consolidating the underpinnings of democracy and social justice which lead to further development and thereby promote peace and stability. Proceeding from His Majesty King Hussein’s belief in the close relationship between peace, democracy and development, Jordan’s earnest participation in the peace process went hand in hand with the strengthening of democracy and the consolidation of political plurality in Jordan. As is known, the peace process which started in Madrid four years ago has resulted, inter alia, in the conclusion of the Jordanian-Israeli Peace Treaty, which restored to Jordan all its territorial and water rights and laid the foundation for a balanced relationship based on mutual and equal interests between Israel and Jordan. This, of course, reflects positively on the peace, stability and welfare of the peoples of the region. Efforts are now under way to bring about a huge qualitative jump in regional economic development in the Middle East. The States of the region are showing great