Ministerial Conference - Japan - Statement Circulated by Mr. Masahiko Koumura, State Secretary for Foreign Affairs
- Japan
- 2008/06/19
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World Trade
Organization WT/MIN(98)/ST/116
20 May 1998 (98-2174) MINISTERIAL CONFERENCE
Second Session
Geneva, 18 and 20 May 1998 Original: English
JAPAN
Statement Circulated by Mr. Masahiko Koumura,
State Secretary for Foreign Affairs
JAPAN'S POSITION ON WTO ISSUES
THE PRIMACY OF MULTILATERAL TRADING SYSTEM
For the last 50 years the multilateral trading system has been a solid basis for world growth and prosperity. The WTO has functioned well since its foundation to further the objectives underlying the multilateral trading system, and achieved such remarkable success stories as the conclusion of ITA, basic telecommunication and financial services negotiations. The effective role the dispute settlement mechanism has played is also worthy of particular mention. This Second Session of the Ministerial Conference should be an occasion to celebrate the success of the multilateral system as well as to reaffirm its primacy in ensuring global economic growth.