5. Developing countries, many of which have made significant economic progress through more open and rules-based trade, made possible by the WTO, are the first to suffer from a global trade slowdown such as the one observed in 2001. To prevent them from being marginalized in the global economy, in particular because of a growing “digital divide” in information and communication technologies (ICTs), they need better, if not often privileged, access to rich country markets across the range of products and services. In addition, Council of Europe member states should increase their resources for WTO efforts to help developing countries implement their various WTO obligations at the administrative level. A current account surplus or deficit may be affected by the economic cycle. Therefore, if our economy grows rapidly, the demand for imports will increase, as consumers can afford to buy more and businesses will need parts and stocks to grow. Similarly, U.S. exports are influenced by the economic growth of its trading partners. In short, if it grows faster than its trading partners, it will have a negative impact on the U.S. current account. Conversely, this will have a positive effect on the current account if U.S. trading partners grow faster. 65.

After the terrorist attacks on the United States on 11 September 2001, the anti-globalization movement was less noisy. Suddenly, globalization seems to have woken up, as major economies show worrying signs of contraction, world trade slows and international investors sit on their money, with developing countries the first to suffer. This situation should encourage both opponents of globalization and their supporters to abandon their hard fronts and seek a new dialogue. 73. The Bretton Wood institutions and the WTO – pillars of the post-war order with the United Nations – have been through difficult times in recent times. While there is a general consensus on the need for reform, the way forward leads to lively debates and many controversies. Although it is too early to embark on a more precise path of reform at this stage, it should be remembered that, in its last resolution 1101 (1996) on the WTO (well before Seattle), the WTO “committed itself, in achieving its objectives, to ensuring that the WTO is guided by the Council of Europe Convention on Human Rights and Fundamental Freedoms and its European Charter. , as well as other Council of Europe conventions in areas such as the protection of nature and animal welfare.

It is interesting to note in this regard that the Pan-American Summit held in Quebec in May 2001 to prepare the Free Trade Area of the Americas (CETA) actually contained, until 2005, a “democratic clause” that each FTAA country must have a democratically elected government to be controlled by the Organization of American States. Aid to trade. The debate over whether developing countries need aid or trade is over. 24. The breakthrough in Qatar is all the more important given the tense situation in world trade. In October 2001, the WTO published its International Trade Statistics 2001. The report shows that in 2001, world merchandise trade grew by only 2% over the previous year. This is expected to be compared to the record 12% increase in 2000.

37. We agree with the review in a working group under the auspices of the General Council on the relationship between trade and technology transfer and possible recommendations on possible steps that could be taken within the WTO mandate to increase technological flows to developing countries.