TNAG-1494-FCO40-2052-Future-of-Hong-Kong-General-Agreement-on-Tariffs-and-Trade-(-1986 — Page 29

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strengthen the råle of GATT, improve the multilateral trading

system based on the principles and rules of the BATT and bring

about a wider coverage of world trade under agreed, effective and

enforceable multilateral disciplines;

increase the responsiveness of the BATT systea to the avolving

international economic environment, inter alia, through

facilitating necessary structural adjustment, enhancing the

relationship of the BATT with the relevant international

organizations; and taking account of changes in trade patterns

and prospects, including the growing importance of trade in high

technology products, serious difficulties in commodity markets,

and the importance of an improved trading environment providing,

inter alia, for the ability of indebted countries to seat their

financial obligations

(iv) foster concurrent cooperative action at the national and

international loveis to strengthen the inter-relationship between

trade policies and other economic policies affecting growth and

development, and to contribute towards continued, effective and

determined efforts to improve the functioning of the

international monetary system and the flow of financial and real

investment resources to developing countries.

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