THE HEAD of the WTO praised Slovakia for its proactive search for constructive solutions for the agricultural market and its reformist stance on economic problems, the news wire TASR wrote.
Supachai Panitchpakdi, director general of the World Trade Organisation, expects the organisation's member countries to begin discussing a framework agreement on access to the market for agriculture products as early as this coming July, he said after talks with Economy Minister Pavol Rusko in Bratislava.
Panitchpakdi said the 140 WTO countries were now discussing a number of highly complex issues that call for multilateral solutions.
"Bilateral arrangements and free trade zones turn out to be failing to meet the requirements of the globalising market," Economy Minister Rusko said after the meeting.
This is why it is important the WTO succeed in accomplishing its mission to form a worldwide trade zone operating under common rules that are internationally acceptable, the Minister added.
The WTO's five-day meeting held last September in the Mexican city of Cancun failed to agree on cutting more trade barriers, mainly due to the differing opinions of poor and rich countries.
Compiled by Beata Balogová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
6. Apr 2004 at 9:50