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Salve, om namo Buddhaya rahayu. May peace be upon all of us. 81 years ago, from the ashes of the Second World War, Indonesia and the United Nations were born. We emerge from a world devastated by war with a shared conviction that never again should humanity lose its future to war and division. And we shared a founding promise to build a future of peace. For eight decades, we have worked to turn that promise into progress. Nations freed themselves from colonialism. Globalization connected our economy, technology transform our societies and development improves the lives of billions. But progress has never been linear. We have lived through financial crisis, a global pandemic, climate disasters, geopolitical rivalries, and conflicts around the world. With every transformation and every crisis, one lesson remains clear for peace and prosperity to endure, multilateralism must be resilient. It must be able to adapt, to respond, and most importantly, to deliver. Because multilateralism that cannot deliver will lose people's trust. And without trust, multilateralism will never endure. Building resilient multilateralism begins at home, begins with resilient nations.
South-South cooperation remains an important complement to ODA. Partnerships among developing countries have enabled us to share expertise, technology, innovation and practical solutions suited to our circumstances. The support of Papua New Guinea, Indonesia, India and our Pacific family embodies the true spirit of South-South solidarity and we value it deeply. We also acknowledge the partnership of multilateral organisations, NGOs and the private sector in supporting development work in Solomon Islands. At home, my government is working hand in hand with churches to build stronger, more inclusive communities. Cooperation and partnership at every level and across borders are critical to nation building, and my government remains fully committed to them. Mr. president, as a small island developing state, our vulnerability remains a fundamental reality. A single natural disaster can erase years of investment and progress and push the nation backwards. The Multidimensional Vulnerability Index captures the special circumstances of SIDS in a way that income measures alone does not. We call on international financial institutions to integrate the MVI into their financing decisions for SIDS without further delay. Mr. president, last year, the world spent more than $3 trillion on its militaries. That is more than 16 times all ODA. In less than 18 days, the world spends more on arms than developed countries provide in a full year of climate finance. In the same year that military spending reached its highest share of global output since 2009, development aid had its steepest fall on record. Bilateral aid to the least developed countries fell by a quarter. This imbalance must be corrected. Redirecting even a small share of this spending would fully capitalize the Pacific Resilience Facility and the Loss and Damage Fund, secure the Green Climate Fund's third replenishment and meet ODA targets.
The Marshall Islands affirms the recent Pacific Islands Forum communique position regarding West Papua, including the 2018 invitation by Indonesia to the UN Human Rights Commissioner. Further, the Marshall Islands strongly welcomes recent calls for a ministerial summit between ASEAN and the Pacific Islands Forum to take forward our 2023 agreement. Our two regions can stand united as neighbours and close friends.
Thank you very much. As heads of state, we know all too well that trust is not something that can be decreed through resolutions. Confidence and trust is won on the ground when institutions fulfill their promises, when international law is applied without selectivity, and when peoples see that the multilateral system delivers concrete actions and results. Just an anecdote: in 1992, when I was a young man minister in our country at that time, I participated in Indonesia, in Bali, in the first post-transformation meeting of the non-aligned movement. And at that time, everything was very vague and difficult, and the world had no better organization for a group of countries like that, like ours. And we were fighting against apartheid, against colonialism, neocolonialism disputes in the Middle East. At the end of the day, we were fighting against problems across the world. And Panama was in the final stages of completing the sovereign canal of our country. And the ambassador, Dr. César Cuéllar, here at the United Nations, he was here. And then what happened? Well, there was a very frank and short response: support us in international public law. And here we are today, many years later, here we are again talking about the same thing. We firmly believe in useful multilateralism that is not an end in itself, but rather an effective tool to grow the development of peoples and to preserve peace. If we take a look now at the Straits of Hormuz, this clearly shows shortcomings in the implementation of international law. We see clearly the impossibility of providing solutions when crises first arise.
Let me deal with the first point. The consistent compliance with international law. Consider UNCLOS, the UN Convention on the Law of the Sea. In fact, UNCLOS is one of the great achievements of multilateral law making. It was concluded under the presidency of Professor Tommy Koh of Singapore, who called it the Constitution for the oceans. For over four decades, it has set out the legal framework for activities in all our oceans and seas. But the current war in the Persian Gulf has put us close to a severe stress test. The Strait of Hormuz is closed. We have to collectively reject this. Transit passage through straits used for international navigation is a right for all of us. It's not a privilege subject to fees and tolls. And this is customary international law, which means it is binding on all states whether or not they consider themselves parties to UNCLOS. How we deal with the Strait of Hormuz will have implications for navigational rights and freedom around the world. At stake is the legal architecture for freedom of navigation and overflight, and we cannot allow any single country to exercise a veto on these navigational rights and freedoms. Beyond the legal and political implications, the economic impact is also very stark. The Strait of Hormuz carried around a fifth of the world's oil supplies, as well as critical supplies for other industries everywhere. Its disruption has meant higher energy prices for all of us broken disrupted supply chains and stranded seafarers. And this is why shared rules like UNCLOS matter. Defending them is not just a matter of principle or debate. It is in our collective interests. The largest economies depend on the open sea lanes as much as the smallest. And we in Singapore hold ourselves to the same standard. The Strait of Singapore is less than two nautical miles at its narrowest and yet nearly a quarter of the world's seaborne trade passes through the Strait of Singapore. Singapore, Indonesia and Malaysia, the three littoral states of the Straits of Malacca and Singapore, have worked with other users of these straits to keep the straits open, secure and accessible to everyone for decades, including through the Cooperative Mechanism on the Safety of Navigation and Environmental Protection in the Straits of Malacca and Singapore. Madam President, excellencies, the second point is that we should and must reform existing institutions and processes where necessary. In fact, free trade is another success story of the post-war multilateralism.
So while others have talked, I have acted. While others have spoken of peace, I have made peace. While others have ignored threats, I have confronted them. While others have talked of courage, America has shown it. While others have promised strength, I have used it to make America the most powerful country in the world. Working with many nations in this room, we are solving decades of intractable challenges, and we are settling years of unfinished business. And we're doing it well. There is no better example of a danger that was allowed to gather strength at the world's peril than the number one sponsor of terror, the Islamic Republic of Iran. For 51 years, the fanatical Iranian regime has ruled by bloodshed and mass murder, spreading death and carnage and chaos across the entire Middle East and beyond. They were the bully of the Middle East, but they are the bully no more. From the first day I entered the political arena, I've been unwavering. I will never allow Iran to have a nuclear weapon. Upon taking office last year, I immediately opened negotiations with Iran and offered them full economic cooperation in exchange for ending their nuclear program and support for terror. But they refused. They absolutely refused. That was a big mistake. Then in Operation Midnight Hammer, the U.S. military obliterated their nuclear program beneath mountains of rubble. And again, I urged Iran to make a deal. And again they refused. The regime continued building a vast missile and drone stockpile that threatened the security of every American service member in the region and everyone else in the region. They also made a missile that was capable of hitting Europe, and they were very proud of it. I hope the Europeans realize that Iran's goal was to complete their mad dash to a nuclear bomb from behind this conventional ballistic missile shield. If they had succeeded, that wicked regime would have been free to spread terror and death forever, knowing that any attempt to stop them would face an arsenal of nuclear annihilation. In America, we just marked the 25th anniversary of the worst terror attack in history, September 11th, which killed 3000 people just a few miles from here. It was an unbelievably terrible time. In two weeks, we will mark the third anniversary of the October 7th attack in Israel, where terrorists funded by Iran tortured, mutilated and killed 1200 very innocent civilians, including dozens of Americans and many babies, babies, little tiny, beautiful babies. Iran's supreme leader celebrated that massacre and called it a service to humanity. The same regime slaughtered over 72,000 of its citizens this year. Recently, 10,000 were killed for protesting. Just imagine such a vile regime were ever empowered to carry out large scale terror attacks from behind a nuclear shield. This was the reality we had to confront, a reality that far too many preferred to ignore. They all ignored it. Many presidents and many others just wanted to ignore it. They were unwilling to do anything about it, but they knew the problem. After giving Iran every chance for a deal, I took action to ensure that neither the United States nor any nation in this hall would ever have to face such a nightmare, such a catastrophic problem. As a result of Operation Epic Fury, all 159 ships of their navy are now lying at the bottom of the sea. Likewise, their air force is gone. Their radar is gone, their anti-aircraft equipment is gone. Their missiles and drone manufacturing capacity is almost gone. Their economy is gone. The only thing that isn't gone is inflation, which is destroying their country and is now well over 300%. Yet even after we agreed to a cease fire for nuclear discussions, Iran promptly violated it with brazen acts of terrorism against civilian ships from other countries. I want to thank the U.N. Security Council for voting overwhelmingly to pass a resolution condemning Iran's despicable terrorist attacks on commercial shipping. Thank you very much. That resolution, I'm pleased to say, received more co-sponsors from U.N. member nations than any Security Council resolution in history. That's something. Now, we must be equally united in maintaining pressure. The United States Navy has recently escorted more than 1 billion barrels of oil out of the Strait of Hormuz, and more oil is flowing than at any point since the start of the war. We're taking 22, 25, 30, 32 and 37 ships out, respectively, every single day, every single night. But I have a big decision to make. Will a deal be made with Iran that lets them rebuild and create a far greater country than it ever was before? Maybe one of the greatest in the Middle East, or even the world. Or do I annihilate the Islamic Republic and do it quickly, never giving them a chance to kill and destroy people and countries again? Do I drive them into hell with no chance of survival and no hope of future greatness or generations? But I believe we'll make a deal right after the election, because it doesn't make sense for them not to. They're waiting to see how I do in the midterm election. What they don't realize is that I'm not running. I did that already and won in a landslide. We won in a giant landslide, and I'll be here for two and a half years. The Republican Party is running and I'll be helping them, but I am not running. I gave absolutely no credence and will not give credence to the election. When it comes to Iran, it doesn't even enter my mind. The only thing that does is that Iran will never have a nuclear weapon. The cowards and traitors. Thank you. Thank you. The cowards and traitors would love to say the United States is low on munitions, but that's not true. We have more munitions than we could ever possibly even think of using, and we're building them at levels that we have never done before. We are adding to our stockpiles faster than we have ever been able to do before. Top of the line stuff. In addition, in the very near future, massive munition plants will be opening. There are 18 of them being built by the greatest defense companies in the world right now 18 under construction. Some of them very quickly will be completed. They're almost there. And that rapid construction will be leading to very rapid deployment of missiles of every type and ammunition of every type, and will be able to supply our allies at a much faster rate than we're doing right now. I call on all nations to join us in enforcing the complete economic isolation of Iran, until they stop their attacks on commercial shipping, relinquish their nuclear ambitions, and cease their support of terror. The terrorist regime is behaving badly, not because they are strong and confident, but because they are weak and desperate. If we stand united, we will soon see a world free of the last 51 year menace of Iranian terror. And oil prices will come plummeting down even lower than they were at the start of the conflict. And they were very low in the United States. They were really low. With courage and resolve, anything is possible. Big changes can happen and happen fast. One year ago, when I addressed the great leaders in this hall, the war in Gaza was still raging brutally. The hostages were still deep in Hamas tunnels and there was no end in sight. It was never going to be resolved. But here on the sidelines of the General Assembly, we took the first steps. That changed everything. A few weeks later, we ended the war in Gaza, saving untold thousands of lives. We also brought home all remaining hostages, both living and dead. Every single one of them. Thank you. Thank you. Everyone thought it was a miracle that we were able to do so. And people celebrated in the streets. I want to express my gratitude to the United Nations Security Council for their unanimous endorsement of our 20 point Gaza peace plan, and for officially approving the Board of Peace. Going to be a very significant group of people. Nearly 30 countries have joined the board, which I am honored to chair, and we're thankful to many of those member nations for contributing billions and billions of dollars to relief. And it goes right to the rebuilding and relief. Morocco, Bahrain, these are the countries that gave Qatar, Kuwait, Kazakhstan, Saudi Arabia, Turkey, Uzbekistan, and many more. That money goes right to the source, right where they need it, and they desperately need it. And those countries are very have been very generous, and others also are stepping up at numbers that nobody would even believe because they want to see people live. They want to see the humanitarian thing happen properly. They've been fantastic. I also want to thank those who have committed troops police and training to help stabilize Gaza, including Indonesia, Morocco, Albania, Kosovo, Kazakhstan, Egypt, Jordan and more. Since I took office, it has been my great honor to settle eight wars and in so doing, become friendly with the leaders of many of those countries. It was a great honor to do it. Numerous of these wars have gone on for many years and even decades. The reason I was able to make these settlements was the use of my relationships. Very special relationships to this day, very, very special trade, the use of tariffs and the threat of tariffs and various other reasons depending on the country. Among them, terms of settlement, Cambodia and Thailand, Kosovo and Serbia, the Democratic Republic of the Congo and Rwanda, Pakistan and India, Armenia and Azerbaijan. And of course, the war in Gaza, which, as I stated previously, includes the return of all hostages, both living and dead. Almost every one of these countries wrote me a letter of thank you. The Prime Minister of Pakistan, terrific man, said that Donald Trump was responsible for saving 30 million lives, and probably many more than that. The president of Azerbaijan said President Trump in six months, did a miracle. It was an absolute miracle that nobody thought could be done. The Prime Minister of Armenia said this breakthrough would simply not have been possible without President Trump's personal engagement and his resolute commitment to peace. A president of Cambodia stated President Trump's extraordinary statesmanship, marked by his commitment to resolving conflicts and preventing catastrophic wars through visionary, innovative diplomacy was most recently demonstrated in his decisive role in brokering an immediate and unconditional cease fire and peace. This timely intervention which averted a potentially devastating conflict, was vital in preventing a great loss of lives and paved the way towards the restoration of peace. The president of Rwanda said when President Trump saw the opportunity to contribute to peace, he immediately took it. This conflict has lasted for 32 years. Millions and millions of people have died. We got it settled. We've seen countless mediations and efforts, but none has succeeded in resolving the underlying issues. President Donald Trump issued a new and effective statement that really has brought great peace and space through really a breakthrough that we thought was impossible. We're working very closely with the leaders of Russia and Ukraine, and we will get that one done. It's going to happen, I think, more quickly than people understand. They've had it. 25000 young people, mostly soldiers a month, are dying 25000 a month. And I look at those battlefield pictures and I really don't want to see them anymore. It's so horrible to see 25,000 a month. Both sides. In addition, the United States and Iran will definitely get it done. We will get it done one way or the other. It's going to be done. It's going to be done fast. A lot has happened since we last gathered here one year ago. In January, at my direction, the United States military conducted a massive military operation penetrating deep into the Venezuelan capital, Caracas, descended on a heavily defended and fortified military base, one that was supposed to be flawless against attack, and arrested the outlaw dictator, real criminal Nicolás Maduro.
