[asia-apec 490] Re: WTO: APEC Supports Multilateral Trading System

[Gatt Watchdog]

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From: "Mark Ritchie" <mritchie at iatp.org>
Subject: WTO: APEC Supports Multilateral Trading System
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>Date: Fri, 26 Jun 1998 00:18:52 -0700
>To: mritchie at iatp.org
>Subject: WTO: APEC Supports Multilateral Trading System
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>                   APEC Supports Multilateral Trading System
     
>                      (Xinhua English Newswire; 06/23/98)
    
>
>   Asia Pacific Economic Cooperation (APEC) trade ministers Tuesday agreed
to  
>continue an on-going program of activities which support work in the World  
>Trade Organization (**WTO**).
>
>   The ministers at their two-day meeting which ended here Tuesday
welcomed the 
> statement presented by the APEC Chair at the conference, which underlines  
>APEC's commitment to open regionalism and multilateral trading system, the  
>meeting's chair and Malaysian International Trade and Industry Minister
Rafidah 
> Aziz said at a press conference after the meeting.
>
>   The ministers welcomed the agreement to embark on a work program which  
>includes the implementation of existing Uruguay Round Agreements, the
built-in  
>agenda, and recommendations concerning other possible future work on the
basis  
>of the work program initiated in Singapore and recommendations made by
members  
>on other matters.
>
>   She said the ministers recognized the importance of APEC's on-going
program  
>of activities which support work in the **WTO**, in particular seminars and  
>training activities on the implementation of **WTO** agreements.
>
>   The ministers agreed that these activities should be continued and that  
>APEC's on-going information exchange on electronic commerce would be an  
>important contribution to the **WTO**.
>
>   The ministers also reaffirmed the importance of promoting a broad-based
and  
>balanced understanding of the impact of liberalization, taking into account  
>both benefits and the associated adjustment costs, she said.
>
>   The ministers responsible for trade from all the 18 APEC members
Australia,  
>Brunei, Canada, China, Chinese Taipei, Chile, China's Hong Kong, Indonesia,  
>Japan, South Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, the  
>Philippines, Singapore, Thailand and the United States  attended the meeting.
>
>   Three members-designate  Peru, Russia and Vietnam  as well as observers
from 
> the Association of Southeast Asian Nations, South Pacific Forum and the 
>Pacific  Economic Cooperation Council were also present at the meeting.
>
>(Copyright 1998)
>
>                    _____via IntellX_____
>
>{A4:XinhuaEnglishNewswire-0623.02988}   06/23/98
>
>
>
>
>______________________________________________________________________
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Mark Ritchie, President
Institute for Agriculture and Trade Policy
2105 1st Ave. South,   Mpls, MN 55404 USA
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