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SAFEGUARDS
7. There has long been agreement that the current
safeguards provision, permitting emergency additional
protection for industries in difficulty as a result of
surging imports, needs to be overhauled. It is indeed
part of the unfinished business of the Tokyo Round
(1973-1979). The main point at issue will be whether
such protection must be imposed against all imports of
the products causing difficulty or only against imports
from those countries whose market share is increasing
rapidly.
DISPUTE SETTLEMENTS
8. GATT's dispute settlement mechanisms have in the
past shown themselves incapable of resolving
fundamental disputes, above all in EC/US agricultural
trade. Sometimes this has been because the rules of
GATT are unclear but the UK has argued that there is
·
also scope for improving the procedures themselves.
negotiating group will examine this issue.
A
NEW SUBJECTS
9. Major EC (and US) objective to include negotiations
on intellectual property, investment and services in
new round.
M29AAX(10)
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INTELLECTUAL
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