Progress on these issues will encourage final agreement in areas already close to conclusion, such as textiles, tropical products, safeguards and dispute settlement. Agreement to an improved dispute settlement mechanism should lead to a commitment to operate only under the multilateral rules. We will seek to ensure that regional integration is compatible with the multilateral trading system. As we noted at Houston, a successful outcome of the Uruguay Round will also call for the institutional reinforcement of the multilateral trading system. The concept of an international trade organization should be addressed in this context.
Open markets help to create the resources needed to protect the environment.
We therefore commend the OECD's pioneering work in ensuring that trade and environment policies are mutually supporting. We are convinced that OECD members must overcome in the near future and, in any case, by the end of the year, remaining obstacles to an agreement on reducing the distortions that result from the use of subsidised export credits and of tied aid credits. We welcome the initiative of the OECD in studying export credit premium systems and structures and look forward to an early report. This Information System is provided by the University of Toronto Library and the G8 Research Group at the University of Toronto. University of Toronto unless otherwise stated.