text: financed by voluntary transnational corporation contributions, to support environmental preservation. Such efforts highlight the feasibility of a consolidated international framework, utilizing both private and public sector resources and input, from which to launch co-operative en~eavors addressing global issues. 64. As with other issues that relate to the impact of international business developments, this new activity of the Centre points the way towards a code framework for co-operation among Governments, complemented by the active advice and assistance of transnational corporations, which could maximize recognized benefits of transnational business activities while preventing .or minimizing potentially negative effects. The extent of the exercise's success, as well as potential progress on other new transnational corporation agenda Jssues, will depend in large measure on whether the general debate on the code can move from the past to the present. From this prespective, the code negotiations could look forward to a code that will be able to examine and encourage internationaJ discussion on emerging issues, rather than being relegated to mediating old disputes where participants are already locked into rigid ideological positions. III. THE CODE OF CONDUCT AND THE URUGUAY ROUND. A. Interrelatio .nships 65. It seems likely that the code will be successfuliy _negotiated, despite· previous difficulties. One reason for such a possibility is that many o[ the issues involved in the Uruguay Round of multinational trade negotiations have, in fact, been for years under negotiation in the code exercise, and some degree of consensus has been reached on them. The interweaving of trade ancl investment questions -so substantially demonstrated over the course of the past _years -has been such that many of the features of a "level playing field" are in fact dealt with in the code negotiations. The Montreal Ministerial Declaration, for. example, calls for further identification of the trade restrictive and_ distorting effects of 
analysis: The text discusses the potential for cooperation between governments and transnational corporations to address global issues, with a focus on environmental preservation and the development of a code of conduct. It also mentions the Uruguay Round of multinational trade negotiations and the Montreal Ministerial Declaration. Given these themes, it appears that the text is more closely related to the fields of economic development, international trade, and natural resources and environment.