text: means~ as expressed by the President of my country yesterday: WI must think in terms of peace if relations are to be established between the States of the Middle East, Wag ancl Kuwait ia particular , which will guarantee the peace and security of the region. K&l/10 WPV.2943 36 e (Canada): I should like to begin by expressing my great pleasure that this historic meeting is beiug presided over by the Foreign Minister of Canada's good friend and next-door neighbour the Soviet Union. Our meetinq this afternoon at t&e level of Foreign Ministers marks an extraordinary moment in the hiatory of the United Nations and of the Security Council. It is a clear testimony to the gravity with which we all view the perilous situation in the Persian Gulf. Since Iraq carried out its unilateral and unprovoked invasion of the sovereign State of Kuwait, the Security Council has worked ceaselessly to try to achieve a peaceful settlement of this grievous threat to international peace ana security. Canada condemns unequivocally the invasion of Kuwait by Iraq. The invasion was clearly an act of overt aggression by one State against its neighbour, a flagrant violation of iaternationeil law and a challenge to the principles of the international otder on which world peace depends. Our challenge here today is to continue our collective efforts in persuading Saddam Hussein to withdraw from Ruwalt and having the legitimate Government restored. We can take collective pride in the unanimity with which this body has spoken time and time again during the paet two months. Our Voice has been echoed by the overuhelming majority of the Member States of the United Nations. This crisis is unquestionably grave, but the united response of countries of East and West, North and South, etanding together, holds great hope for future collective action through the United Kationa. 
analysis: The text appears to be a statement or a speech made by the Foreign Minister of Canada, condemning the invasion of Kuwait by Iraq and expressing the need for a peaceful settlement. It does not mention economic development, natural resources, or any specific industry. The focus is on international relations, security, and the crisis in the Persian Gulf. The text also mentions the United Nations and the collective efforts of countries to address the crisis.