- Title: FRANCE: MEETING FOR MEMBERS OF THE OECD
- Date: 23rd May 1995
- Summary: PARIS, FRANCE (MAY 23, 1995)(RTV - ACCESS ALL) 1. SV EXTERIOR OF THE ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT (OECD) BUILDING 0.07 2. SV ARRIVALS OF MINISTERS INCLUDING EUROPEAN TRADE COMMISSIONER SIR LEON BRITTAN. 0.39 3. SV ROUNDTABLE WITH MINISTERS INCLUDING BRITTAN, OECD'S SECRETARY-GENERAL JEAN-CLAUDE PAYE AND UNITED STATES TRADE REPRESENTATIVE MICKEY KANTOR 1.00 4. SV KANTOR LEAVING MEETING AND TALKING WITH REPORTER AS HE WALKS 1.09 5. SV KANTOR BRIEFING REPORTER AND SAYING DISPUTE IS DIMINISHING 6. SV EXTERIOR OF OECD BUILDING 1.57 Initials Script is copyright Reuters Limited. All rights reserved.
- Reuters ID: LVA4ANXZ44R4C6T8SOUV5R0QR39L
- Location: PARIS, FRANCE
- Country: France
- Duration: 00:01:59
- Story Text: Distracted by the United States (U.S.)-Japan car trade row and disappointed by slowing economic recoveries, ministers from the rich nations of the OECD knuckled down on Tuesday (May 23) to a discussion of social dangers facing them all.
The Organisation for Economic Co-operation and Development's (OECD) members met in Paris for the start of their two-day annual meeting.
The OECD, a think-tank on both social and economic policies, last year published a landmark "Jobs Report", the first stage of an attempt to identify the causes of unemployment and prescribe country-by-country cures.
While discussions on the U.S.-Japan trade dispute are expected to be kept firmly out in the corridors at the OECD meeting, ministers will focus in their formal talks on growth and unemployment, general trade issues and on widening the OECD's membership.
Ministers were later due to discuss negotiations for a multilateral agreement on investment (MAI), which would bind governments to the principle of treating foreign-owned businesses in the same way as local ones.
On Tuesday the OECD marked down its economic growth estimates for the whole 25-nation organisation to 2.7 per cent in 1995 from three per cent and to 2.7 per cent next year from the 2.9 per cent forecast in December.
The cut owes much to the U.S.-dollar's slide, which will severely limit upturns in the heavyweight economies of Japan and Germany.
U.S. Trade Representative Mickey Kantor also attended the talks. He told a reporter the U.S.-Japan trade dispute was diminishing U.S. citizens' confidence in trade.
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