TNAG-1494-FCO40-2052-Future-of-Hong-Kong-General-Agreement-on-Tariffs-and-Trade-(-1986 — Page 27

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MINISTERIAL DECLARATION

Ministers, meeting on the occasion of the Special Session of CONTRACTING

PARTIES at Punta del Este, have decided to launch Multilateral Trade

Negotiations (The Uruguay Round). To this end, they have adopted the

following Declaration. The Multilateral Trade Negotiations (MTN) will be

open to the participation of countries

indicated in Parts I and II of

this Declaration. A Trade Nagotiations Committae is established to carry

out the MTN. The TNC shall hold its first meeting not later than

31 October 1986. It shall meet ás appropriate at Ministéřial level. The

Multilateral Trade Negotiations will be concluded within four years.

PART I

NEBOTIATIONS ON TRADE IN 50DDŠ

The CONTRACTING PARTIES serting at Ministerial level

DETERMINED

to halt and reverse protectionisa and to redove distortions

to trade

DETERMINED

DETERMINED

also to preserve the basic principles and to further the

objectives of the BATT

also to develop a more open, viable and durable sultilateral

trading system

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