text: It is in this spirit that Peru welcomes the Lome Declaration and Programme of Action on Security, Disarmament and Development, recently adopted by the countries members of the Organization of African Unity (OAU) with a view to drawing up regional or subregional agreements for the reduction of military expenditures. Peru wishes to reaffirm its keen interest in the International Conference on the Relationship between Disarmament and Development, which is to be held next year, and is ready to play an active part in the future work of the Preparatory Committee which, in our view, should be open to all Member States. In conclusion, our delegation expresses its deep gratitude to the Secretary-General for the timely presentation of reports on the reduction of military budgets, security concepts and the naval arms race, which are being carefully studied by our national authorities. We do not doubt that man's inherent disposition to enter into dialogue and each agreement when life is at stake will make considerable progress possible so that we will be able to remember this year of the fortieth anniversary as a monumental landmark in this march of solidarity towards peace and disarmament, and that under your inspired leadership, Sir, our Committee will fulfil its very important responsibilities. JVM/5 A/C.l/40/PV.ll 13 Mr. PHAM NGAC (VietNam): At the outset, Sir, permit me to join previous speakers in warmly congratulating you on your election to the chairmanship of this important Committee. I wish also to extend my congratulations to the other officers of the Committee. My delegation concurs in the assessment, which was largely underscored during the debate in the plenary meetings of the current session of the General Assembly as well as in the First Committee, of the fact that our world has been managed for 40 years without a world war, but at the same time takes note of the sad reality 
analysis: The text appears to be a speech or statement made by a representative of Peru to the United Nations General Assembly, likely within the First Committee, which focuses on disarmament and international security. The speech discusses disarmament, security, and development, with a focus on reducing military expenditures and promoting international cooperation. The language is formal and diplomatic, indicating that the category is likely related to international relations and global governance.