The overall development situation which remains stagnant for the last one year despite the international community's persevering efforts has triggered great concerns, the delegate said.

He identified issues that should be called to due attention to cope with the present global economic situation.

He spotlighted the importance of establishing a fair and equal, new international economic system as soon as possible.

He also underlined the need to boost multilateral economic ties and cooperation for development among member nations on the basis of respecting individual nation's socio-economic systems.

It is also important to enhance the function and role of the UN in tiding over the present economic crisis.

He went on:

A drive is making great headway in the DPRK to build an economic power and improve the standard of people's living under the wise leadership of Kim Jong Un, supreme leader of the party, the state and the army.

The DPRK government set a goal of turning the country into an economic power based on knowledge in the near future by relying on latest science and technology and is putting forward Korean-style strategy for development and innovative proposals for its implementation. This is in line with the worldwide trend toward the sustained development.

The DPRK government, which regards it as the supreme principle of the state activities to steadily improve the standard of people's living, will in the future, too, push forward multifaceted exchange and cooperation with all member nations to achieve prosperity and wellbeing common to mankind by establishing the fair international economic relations.