UN General Assembly
1992

cooperation. The Bahamas therefore welcomes the decision to establish a United Nations commission on sustainable development to monitor the follow-up action after Rio. The Bahamas, an archipelagic State of pristine aquamarine water, with a vibrant tourist industry, is committed to the protection of its own natural environment as well as the promotion of the global environment. My Government sees eco-tourism as a powerful instrument for sustainable development of the Bahamas, and we are fully committed to protection of the environment. The Bahamas therefore gives its assurance that it will scrupulously abide by the conventions signed at Rio, and its commitment to sustainable development remains absolute. The World Economic Survey of 1992 indicates that world output has declined for the first time since the Second World War. World trade has experienced slow growth. Countries continue to wrestle with economic recession and the decline in world financial markets. Failure to complete the Uruguay Round of negotiations will undoubtedly lead to increased protectionism. These are areas of concern to us all, as are the uncertainties