CONTENTS

Economic Perspectives

An Electronic Journal of the U.S. Department of State, Vol. 5, No. 1, February 2000

Focus Commentary
Facts and Figures Information Resources

Crafting a Global Trade Strategy: The U.S. and the WTO

FOCUS

PRESIDENT CLINTON ON GLOBALIZATION AND WORLD TRADE
Excerpts from Address to the World Economic Forum
Open markets and freer trade are the only way open to developed and developing countries alike.

KEEPING MARKET ACCESS ON TRACK
By David Aaron, Under Secretary of Commerce for International Trade
To launch a new World Trade Organization (WTO) trade round, the European Union (EU) must agree to negotiate its agricultural subsidies and reconsider its proposals on investment and competition policy.

INTERNATIONAL AGRICULTURAL TRADE: AT A CROSSROADS
By August Schumacher, Jr., Under Secretary of Agriculture for the Farm and Foreign Agriculture Services
WTO members need to address the obstacles that blocked progress at the December ministers' meeting in Seattle, including complaints from developing countries that they get few benefits from the current rules.

MAKING GLOBALIZATION WORK FOR WORKERS
By Alan Larson, Under Secretary of State for Economic, Business and Agricultural Affairs
The global trading system can and should work for developed and developing countries alike. A system that gives everyone the chance to share in the expansion of freedom that the global economy makes possible must include commitment to basic workers' rights.

THE LABOR DIMENSION AND THE WTO
By Andrew Samet, Deputy Under Secretary of Labor for International Labor Affairs
A multilateral approach working through the WTO and other international organizations is the best way to address the labor dimension of trade. The U.S. goal is to promote improved labor standards worldwide, not to introduce new forms of protectionism into the trading system.

INTEGRATING ENVIRONMENTAL PRIORITIES INTO TRADE
By John J. Audley, Environmental and Trade Policy Coordinator, U.S. Environmental Protection Agency
The United States seeks greater integration of environmental issues and trade policy, but acknowledges that most countries oppose such linkages.

COMMENTARY

SEATTLE DOES NOT MEAN AN END TO PROGRESS
By Max Baucus, U.S. Senator from Montana
While the WTO regroups, the United States should take specific actions to move trade liberalization forward, including supporting China's membership in the WTO.

WTO TRADE TALKS: MOVING BEYOND SEATTLE
By Jeffrey Schott, Senior Fellow, Institute for International Economics
No real winners emerged from December's failed WTO meeting in Seattle, not even WTO critics. Perhaps the biggest losers were developing countries that depend on a well-functioning trading system.

THE FARM TRADE CHALLENGE: UNCHANGED BY SEATTLE
By Bob Stallman, President, American Farm Bureau Federation
In any WTO agricultural trade negotiations ahead, U.S. negotiators should insist on starting from the text worked out at the December Seattle ministers' meeting.

DEVELOPING COUNTRIES DO WANT A TRADE ROUND -- IN THE RIGHT CIRCUMSTANCES
By Jabulani Sikhakhane, Editor at Large, Financial Mail (South Africa)
Developing countries preferred the collapse of the Seattle WTO ministerial to a negotiating round skewed in favor of the developed countries.

FACTS AND FIGURES

A CHRONOLOGY OF EVENTS LEADING UP TO THE WTO

POST-URUGUAY ROUND DEVELOPMENTS

INFORMATION RESOURCES

KEY CONTACTS AND INTERNET SITES

ADDITIONAL READINGS

Economic Perspectives

An Electronic Journal of the U.S. Department of State

Volume 5, Number 1, February 2000

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Publisher

Judith Siegel

Editor

Jonathan Schaffer

Managing Editor

Bruce Odessey

Associate Editors

Wayne Hall


Kathleen Hug

Contributing Editors

Eileen Deegan


Merle Kellerhals


Phillip Kurata


Martin Manning


Mildred Neely


Warner Rose

Art Director

Sylvia Scott

Cover Design

Joseph Hockersmith

Graphic Adviser

Joseph Hockersmith

Editorial Board

Howard Cincotta


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Leonardo Williams

U.S. Department of State
Office of International Information Programs
February 2000

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