UN General Assembly
1993

associate member of the CIS economic union, and is engaged in active negotiations within the framework of the Commission of the European Communities. However, the situation in the State remains extremely complicated. In overcoming the crisis, the international community, including our compatriots abroad - the representatives of the Ukrainian diaspora - could play an important role. Our legislation sets out favourable conditions for foreign investment in the Ukrainian economy, and a number of measures have been adopted concerning participation by our State in the European and world communities and the development of bilateral trade and economic relations. Forty-eighth session - 30 September l993 9 It is important to find areas that could appeal to our partners and to proceed to develop and implement specific cooperation programmes and projects. An example of this kind of cooperation can be seen in the activities that we have initiated with Commission of the European Communities and in the framework of the Black Sea economic cooperation. We are also ready to participate actively in carrying out the economic programmes being implemented within the