TNAG-2752-FCO40-3967-Organisation-for-Economic-Co-operation-and-Development-(OECD-1994 — Page 191

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example of the 1930s, engenders dangerous tensions and impedes development by

ocking parts of the economy and of the labour force into low productivity, low alue-added and poorly remunerated activities. A fundamental element in restoring confidence is therefore to ensure that international trade be allowed to promote further growth and development around the world.

11.

Ministers accordingly agree to:

do their utmost, individually and collectively, to ensure the rapid achievement of a substantial, comprehensive and balanced outcome of the Uruguay Round based on the Draft Final Act of December 1991;

prevent an expansion of trade frictions by exercising moderation, by seeking to defuse or to solve trade problems through multilateral discussions, including in the OECD, and by refraining from actions especially unilateral ones which could create undue tensions.

The multilateral framework needs to keep pace with new developments affecting trade. Ministers ask the OECD to:

12.

analyse and monitor the trend to regional trade agreements, which should contribute to open markets and strengthened international competition;

press ahead with action-oriented analysis of new issues arising at the interface of international trade and national policies including environment, competition, investment, taxation, industry, technology, and labour market policies.

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