23 October 1995
Statement by Renato Ruggiero on the QUAD meeting
this morning on the results of the "quadrilateral" trade meeting held over the
weekend in Ripley, England, Mr Renato Ruggiero, Director-General of the World Trade
I very much welcome the reconfirmed commitment by the Ministers of the world's four largest trading entities to the World Trade Organization...
As the Ministers point out, there is a vital and urgent need to broaden support for the multilateral system and trade liberalization. At the same time, I welcome the concept of a new WTO body to help ensure that regional trade initiatives contribute to, rather than detract from, efforts at the multilateral level.
Note: The Quadrilateral or Quad meetings bring together trade ministers from the United States, Japan, Canada and the Commission of the European Union.