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ALLOCUTIONS - RENATO RUGGIERO DG 1995-1999 Santiago,18
April 1998 |
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I am very grateful to President Frei for having invited me and the World Trade Organization to be here with you today. I consider this invitation another sign of how regional and multilateral initiatives can support each other. I appreciate very much the opportunity to share with you this historical moment for the Americas, a moment built on the decisions taken by you four years ago in Miami. Your decision to launch negotiations to create the Free Trade area of the Americas will certainly have profound implications not only for your countries but also for the entire world economy. There is no doubt that the FTAA project is a fundamental movement towards trade liberalization and increased prosperity for the American Hemisphere. There
is another important aspect that flows from your
debates. The starting point of this historical
collaboration and interdependence is, as usual, trade
liberalization; the elimination of barriers
dividing countries, economies and people. But at
the same time you have raised your sights beyond the
trade horizon and you look to other human, social and
political issues which our citizens consider more and
more essential in international cooperation. It is undeniable that the integration of the world economy and the new technologies are increasingly moving us toward a globalized and interdependent world. Our countries and our industries need global rules to prosper in global markets. It is also politically important because we have to know what kind of world we want to shape, taking into account the reality of global integration and technological advances. Do we want a world divided into four or five different regional trading areas, each one with its own rules and benefitting from free trade inside, but still with barriers to trade from outside? Or do we want one single global free trade area with multilateral rules approved by all participants and with an enforcement capacity? I am sure that the Free Trade Area of the Americas will become a powerful force in favour of the global path when the time will be right. We
are celebrating in May in Geneva the 50th Anniversary of
the creation of the multilateral system. Over 50
years the system has proven its success in contributing
to world economic growth. It has done so by
reducing trade barriers worldwide, increasing the
participation of developing countries in the global
economy, and creating a framework of consensus-based
trade rules which is now almost universal. |
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