If we do not make substantial progress on both issues this week, with new offers tabled, then our meeting will not be the big success we all want. Looking ahead, we must make financial services a permanent part of the WTO's disciplines. WTO must also pick up the new subjects like investment and competition. I hope once we have been able to take a hard look over the next few years, we will see that the time has come to move to negotiations in these areas. Investment indeed seems to me the top priority for WTO in the years ahead.
Investment brings benefits to all.
Sixty per cent of foreign direct investment flows from the EU and the rest of the OECD are to non-OECD countries. Non-OECD countries provide 30 per cent of the world's new FDI each year. It is an interest we all share. It is also an issue which is primarily for the WTO because it involves the development of an appropriate framework of binding rules. We should be under no illusion that all firms, whatever their size, prefer to invest in large markets and in secure markets.