Consider the following. We have both embraced open markets, and indeed the creation of global markets, with the extraordinary pace of change in key sectors such as information technology. We both welcome the broadly positive transformation of south east Asia which globalisation has helped to bring about in your part of the world, and the radical changes in former Communist countries in our part of the world. But we also recognise, instinctively, that globalisation is not a panacea. Globalisation needs to be harnessed, directed, to work with the grain of sustainable development, not least to ensure that we safeguard the planet for future generations.
Trade liberalisation is a good thing.
We have to maintain the momentum. There is plenty of work to do across the board. As in the past, Rounds are by far the best means of lowering barriers, because everyone has a mixture of defensive and offensive interests. That means grasping this opportunity to tackle investment, competition, trade facilitation, for example. But this is not a question of pandering to the power of the NGOs.