UN General Assembly
1975

105. It is fitting to recall in this respect that in point 5 of the Tack-Kissinger declaration it is recognized that "the geographical position of its territory constitutes the principal resource of the Republic of Panama". Similarly, in point 6, both countries have agreed that "the treaty will also stipulate that the Republic of Panama will assume total responsibility for the operation of the Canal when the treaty comes to an end". In the agreement that exists between the two points I have mentioned the foundations are laid for the effective exercise by Panama of its right to economic self-determination. 106. These principles contained in the joint Tack- Kissinger declaration clearly establish the formula with which the negotiations must culminate, which is a Panamanian Canal under Panamanian control. This formula would be in accordance with the pronouncement of the Secretary-General before the Security Council on 20 March 1973, when he advocated a solution for the Panama Canal question which, in his opinion: