The following is excerpted from a 1 February 2013 speech by DG Pascal Lamy of the World Trade Organization.
Director-General Pascal Lamy, in a speech to the Chittagong Chamber of Commerce in Bangladesh on 1 February 2013, said that “removing barriers to trade and cutting red tape in half, which is what a multilateral Trade Facilitation Agreement could deliver, could stimulate the US$22 trillion world economy by more than $1 trillion.” He added that “this has real economic deliverables for a country such as Bangladesh that has the potential to exploit its comparative advantage in labour and in the garments industry.”
This speech is available in its entirety at:
http://www.wto.org/english/news_e/sppl_e/sppl265_e.htm