XN000022-1994-08-05 — Page 5

m

FRIDAY, AUGUST 5, 1994

IT

FOR ITS OWN EITHER UNDER- OF MARKET

"YES, CHINA WANTS TO HAVE BETTER AND MORE CERTAIN ACCESS TO THE

MARKETS, BUT WORLD'S

PROTECTION ALSO WANTS SOME INCLUDING

ARE SERVICE INDUSTRIES, WHICH INDUSTRIES, DEVELOPED OR OTHERWISE VULNERABLE DURING THE EARLY STAGES REFORMS.

MR MILLER NOTED THAT THESE SO-CALLED MARKET DISRUPTION WERE NOTHING NEW.

"SAFEGUARDS"

AGAINST

EVERYONE HAS WAIVERS THAT SPECIAL INTEREST

"WITH THE POSSIBLE EXCEPTION OF HONG KONG, NO ONE CAN AFFORD TO TAKE A 'HOLIER THAN THOU ATTITUDE IN THESE DISCUSSIONS. SKELETONS IN THE CUPBOARD, THE LITTLE EXCEPTIONS, THE THEY HAVE FELT OBLIGED TO TAKE IN RESPONSE TO SOME GROUP BACK HOME," HE SAID.

"EUROPE

TEXTILES RIDICULOUSLY

AND NORTH AMERICA HAVE PROTECTED THEIR INDUSTRIES CLOTHING

WITH FOR SOME 30 YEARS BOTH TARIFFS AND WITH QUANTITATIVE RESTRAINTS.

AND HIGH

BEING

"AGRICULTURE HAS BEEN ANOTHER EXCEPTION AND IS ONLY JUST BROUGHT UNDER GATT RULES AND DISCIPLINES FOLLOWING THE URUGUAY ROUND.

17

COMPLEX

THE

'ACTION HAS ONLY RECENTLY BEGUN TO STRIP AWAY A WHOLE OF PROTECTIVE RULES AND REGULATIONS FROM THE SERVICES MARKETS OF DEVELOPED WORLD. THE JONES ACT' REMAINS A MONUMENT TO THE DIFFICULTY OF WITHDRAWING PROTECTION TO AN INDUSTRY ONCE IT HAS BEEN GRANTED."

RE-

A

NEVERTHELESS, MR MILLER STRESSED THE IMPORTANCE OF CHINA'S

PARTIES JOINING THE GATT ON THE RIGHT TERMS, AND HE NOTED THAT THE CONCERNED WERE TAKING A POSITIVE ATTITUDE IN THEIR EFFORTS TO FIND SOLUTION IN GENEVA.

TO

OF CHINA'S IMPROVE THE AND PROCEDURES. OVERSEAS

"GETTING CHINA INTO THE GATT/WTO WILL PROVIDE ALL

WITH

AND TRADING

WILL BETTER MARKET ACCESS PARTNERS TRANSPARENCY OF CURRENTLY COMPLEX AND VARYING RULES IT WILL ALSO PROVIDE CHINESE EXPORTERS WITH BETTER ACCESS MARKETS, HE SAID.

BE

CHINA'S

AND THE

PROCESS OF

"BUT JUST AS

AS BOTH OF IMPORTANT

THESE WILL COMMITMENT ΤΟ A SYSTEM OF MULTILATERAL TRADING OBLIGATIONS POSITIVE

THIS WOULD HAVE ON THE CONTINUING IMPLICATIONS

REFORM.

"ALL GOVERNMENTS

HAVE FOUND

PROTECTION.

AND FREE

OF ALL GATT CONTRACTING PARTIES THAT THE GATT HELPS THEM TO RESIST DOMESTIC DEMANDS FOR SIMPLY BELONGING TO THE CLUB HELPS KEEP THE PROTECTIONIST AT BAY, HELPS KEEP GOVERNMENTS POINTED IN THE RIGHT DIRECTION, TRADE AND OPEN MARKETS.

TOWARDS

14