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NEWS: 1998 PRESS RELEASES PRESS/91 |
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This erroneous statement has been supplied by a number of special interest groups which oppose the MAI. In an attempt to get across their point of view, these groups have associated Mr. Ruggiero with a negotiation which is taking place in a separate forum outside the WTO. The OECD is an organization of 29 of the world's most advanced economies. The WTO is an organization of 132 members, 80% of which are developing countries and economies in transition. There is no negotiation currently underway in the WTO which focuses on investment. On 16 January in London, Mr. Ruggiero gave a speech at Chatham House in which he quoted John Jackson, the highly respected law professor from the University of Michigan. John Jackson has described the multilateral trading system as a 'constitution' for the world economy. At no point in that speech, nor in any other, did Mr. Ruggiero make a reference to the MAI and its role in the global economy. |
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