Mr. President,
Cuba supports the adoption by consensus of draft resolution L.1.
We reaffirm that States have a fundamental role in developing and implementing laws, policies and regulations to ensure that transnational corporations comply with their international human rights obligations.
Transnational corporations and other business enterprises must conduct their activities in accordance with the purposes and principles of the Charter of the United Nations and with international human rights standards.
The Guiding Principles on Business and Human Rights need to be complemented, as soon as possible, by a legally binding instrument that adequately regulates the impact of transnational corporations on human rights.
The adoption of an international treaty on transnational corporations and human rights would in no way undermine the implementation of the Guiding Principles. On the contrary, it would strengthen the international framework to ensure full respect for human rights by transnational corporations.
Thank you.