FRIDAY, JUNE 25, 1993
8
SUCCESSFUL CONCLUSION OF URUGUAY ROUND PROVIDES PACIFIC REGION MEANS TO PROSPER
* * *
*
A SUCCESSFUL URUGUAY ROUND WILL OFFER THE PACIFIC BEST MEANS AVAILABLE TO HELP IT PROSPER.
REGION THE
TRADE
GROWTH ENCOURAGE MARKETS, INTELLECTUAL PROPERTY MORE EFFECTIVELY.
PRESSURE, SOLVE OFFERS THE MEANS TO ADDRESS PROTECTIONIST IT
MORE
NEW EFFECTIVELY, DISPUTES
HELP DEVELOP
AND EXPANDED IN CROSS-BORDER SERVICES AND PROTECT
WAS THIS
CHRISTOPHER
STATED BY DEPUTY DIRECTOR-GENERAL JACKSON, YESTERDAY
AT (THURSDAY)
ECONOMIC FORUM VII ORGANISED BY THE PACIFIC PUERTO VALLERTA, MEXICO.
TRADE,
OF
MR THE TRADE POLICY COOPERATION COUNCIL IN
MR JACKSON
IDENTIFIED
FIVE KEY ITEMS
THAT
THE
REGION WAS
OFFERED BY THE DRAFT FINAL ACT INITIATED BY THE GATT DIRECTOR-GENERAL, ARTHUR DUNKEL IN DECEMBER 1991.
FIRSTLY, A STRENGTHENED MULTILATERAL TRADE ORGANISATION.
"THE
STATUS GATT HAS LACKED A FIRM LEGAL FOUNDATION; ITS NEVER BEEN SUFFICIENTLY DEFINED."
HAS
"WE
NEED
INCLUDE
NEW
SUFFICIENT
A REDEFINITION, EXPANDING THE SCOPE TO AREAS BROUGHT UNDER THE MULTILATERAL UMBRELLA AND GIVING AUTHORITY TO RESTORE CREDIBILITY TO THE SYSTEM," HE SAID.
SECONDLY, THERE WILL BE TIGHTER DISCIPLINES AND GREATER CLARITY IN THE MULTILATERAL RULES.
OF
BECOME A
"IN THE KEY AREA OF DISPUTE SETTLEMENT, FOR EXAMPLE,
IMPLEMENTATION ESTABLISHMENT OF PANELS, ADOPTION OF THEIR REPORTS AND
RECOMMENDATIONS WILL
FASTER AND LARGELY AUTOMATIC
THE
PROCEDURE," HE SAID.
CREDIBILITY, "THE
AUTHORITY
SEEN
AND VALUE OF THE MULTILATERAL SYSTEM DEPEND CRITICALLY ON A DISPUTE SETTLEMENT SYSTEM WHICH IS TO WORK, SMOOTHLY AND FAIRLY.
"
THIRDLY, IT WILL PROVIDE A GREATER MEASURE OF AGREEMENT ON HIGHLY SENSITIVE SUBJECT OF AGRICULTURE.
THE
++
*WE HAVE SOME OF THE WORLD'S MOST COMPETITIVE AGRICULTURAL REGIMES. AND MANY IN THE REGION, AMONG BOTH THE DEVELOPING DEVELOPED, HAVE SUFFERED FROM GROSS DISTORTIONS IN THIS SAID.
AND THE MARKET, HE
THE TRADE FRICTIONS IT CAUSES, AND THE STILL GREATER
IS IT
NEED STORING UP FOR THE FUTURE,
ΤΟ FRICTIONS URGENTLY, HE ADDED.
POTENTIAL
BE ADDRESSED
"THE DISTORTIONS ARE SO GREAT, THE ISSUES SO POLITICALLY SENSITIVE
IT' WOULD BE QUITE UNREALISTIC TO URUGUAY ROUND WILL SETTLE THEM ALL.
THAT
IMAGINE
THAT THE
/"BUT IT
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