RESTRICTEDWORLD TRADE
ORGANIZATIONWT/WGTI/M/18/Corr.11
3 September 2002
(02-4669)
Working Group on the Relationship
between Trade and Investment
REPORT ON THE MEETING HELD ON 3-5 JULY 2002
Note by the Secretariat
Corrigendum
Page 66, paragraph 262
The paragraph should be replaced by the following text:
"The representative of Cuba wished to make some comments of a preliminary nature on the
subject.  Her delegation started from the premise th at the GATS, from the moment of its inception,
provided both developed and developing-country Members with discretion to undertake their own
commitments and obligations. At the same time, Cuba agreed with other Members to the effect thatinvestment liberalization was neither the mandate nor the objective of this Working Group. Her
delegation was worried that a GATS type positive list approach, as well as its negative list approach,
would not really be reconcilable with Members' rights, particularly the rights of developing-country
Members, to decide how - and, most importantly , for how long - they would regulate foreign
investment in the interests of their development policies and programmes, without being pressured by
their trading partners in their quest to achieve ever higher levels of liberalization and market opening.
In this sense, Cuba shared Malaysia's difficulty in accepting the idea of progressive liberalization asembodied in the GATS.  This led to her delegation's second concern, already expressed by Zambia,
which was that it would be very prudent to look at the results of the bilateral services negotiations,
which had in principle already started, in order to assess whether the GATS, a relatively new
agreement in the multilateral trading system, really  provided a coherent approach to the particular
needs and circumstances of developing countries."
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1 In English only.