Multilateral Trade Negotiations

Abstract

There is growing awareness as regards the linkage between trade, money, finance and development. There is recognition of the importance of trade policies playing a greater role in resource allocation and, as such, making it, together with the monetary and fiscal policies, an integral part of national economic policies. Such linkages require co-operative action at the national and international levels. There is also the question of protection and particularly increasing obstacles against trade oriented growth of developing countries. We believe that the GATT framework can respond to these new trends. It is precisely for this reason that the Uruguay Round is in many respects different and more important compared to the previous Rounds we have known in the past. These negotiations have the objective to go far beyond the traditional exchange of quantifiable concessions on specific subjects, and to deal with the real qualitative, disciplinary and institutional dimensions which will constitute the framework of the coming decades.