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MOTTAN 6639
MUTUAL RECOGNITION OF PROFESSIONAL AND TRADE QUALIFICATIONS
COMPATIBLE RULES ON COMPETITION, COMPANY LAW AND BUSINESS PRACTICE
AGREED INTELLECTUAL PROPERTY RULES, IF THE URUGUAY ROUND FAILED
TO PRODUCE THIS
A COMMON SET OF INVESTMENT PRINCIPLES
A MECHANISM FOR TALKING THROUGH TRADE CONFLICTS BETWEEN MEMBERS
A CODE DEFINING REASONABLE NATIONAL REQUIREMENTS FOR SANITARY STANDARDS, PACKAGING, CUSTOMS PROCEDURES AND DOCUMENTATION
A MEANS TO DISCUSS IMPEDIMENTS TO TRADE AND INVESTMENT BETWEEN
MEMBERS.
WHEN THE OUTCOME OF THE URUGUAY ROUND WAS KNOWN, A MEANS FOR MEMBERS TO NEGOTIATE ADDITIONAL REDUCTIONS IN TRADE BARRIERS IN PARTICULAR COMMODITIES AND SERVICES, SUCH AS NON-FERROUS METALS, STEEL, COAL, IRON ORE, FOOD AND HIGH TECHNOLOGY MANUFACTURED GOODS.
3. MR KEATING PROPOSED THAT APEC MEMBERS SHOULD DISCUSS A
FRAMEWORK AGREEMENT WHICH WOULD AIM TO ESTABLISH AN OPEN ECONOMIC ASSOCIATION IN THE PACIFIC REGION THROUGH A SERIES OF SPECIFIC AGREEMENTS COVERING THE AREAS HE HAD OUTLINED. HE SUGGESTED THAT A REGIONAL MARKET WOULD STILL ALLOW ROOM FOR INNER MARKETS SUCH AS THE AUSTRALIA-NEW ZEALAND CER, AFTA AND NAFTA.
MR KEATING SAID THAT HE WAS IN NO DOUBT THAT THE CLINTON ADMINISTRATION INTENDED TO PURSUE A VERY ROBUST MARKET- OPENING STRATEGY WITH ITS ASIAN TRADING PARTNERS. UNLESS THE US APPROACHED THIS IN THE RIGHT WAY, IT RISKED CAUSING RESENTMENT AND RESISTANCE. BILATERAL TRADE NEGOTIATIONS HAD AN IMPORTANT PLACE, BUT IF THE BENEFITS WERE RESERVED ONLY FOR THE US, THE ENTIRE WORLD TRADING SYSTEM WOULD EVENTUALLY BE PUT AT RISK. IF THE US NEGLECTED TO PROVIDE IN ITS OWN ECONOMY THE MARKET ACCESS IT DEMANDED IN OTHERS, SOONER OR LATER ITS TRADE PARTNERS WOULD RESIST. HE BELIEVED THAT THE CLINTON ADMINISTRATION WOULD INCREASINGLY COME TO SEE THE ADVANTAGES OF ENHANCED ECONOMIC INTEGRATION AROUND THE PACIFIC RIM. THIS YEAR'S MEETING OF APEC MINISTERS, TO BE HELD IN THE US, WOULD
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