circumveneed. Wide differences of oplnion exist among the countries on the lnterpretatlon of GATT rules and on the balance of righls and obligations under them, 113, Regarding lhe preferential access of developing countries to lheir markets, nany developed countrles, uhile generally accepting the need for such preference' point to the high level of protection that developing countries offer to lheir onn domestic economies, The position of many developed countries appears to be that these barriers must also be lowered, especially in che more advanced developing countrles, so that developed count(ies can have lncreased access to their narketE. In other r,rords, there appears to be a ri.sinq call for reciprocity in trade liberalizing neasures, in concrast to the position of the developing countries, t hich malntain that such measures do not have the same effects on the developing as on tbe developed countries. I'lcne the les6, chere i8 recognition among developed countries, as among developing, chat protective fteasures hampering internati'onal trade need to be rolled back. The question is hoi{ to bring this about. 11.4. A number of developed countries have called for a new round of multilateral trade negotlations in order Eo further liberalize international trade. Apart from its intrinsic merilT a nee round ls seen by some of these countries as Po1itlcally neceEsary in their efforts to combat the current surge of protectionist sentimenCs. These coungries also feel Chat such negotiaCions should cover services as well as trade in goods in a comprehensive manner. At the same time, a number of developed c'ountries have stressed careful preparations for nev., negotiations and che need for consensus regarding scope and Participation. 115. On the gueslion of money, finance and debt the developed countries in general emphaslze the importance of sound dooestic pol.icies and conlinuing adjustmentA/40 /7 08 EngIi sh Paqe 27
**Analysis**
The text discusses the interpretation of GATT rules, trade liberalization, and the call for reciprocity in trade measures. It also mentions the importance of sound domestic policies and continuing adjustments in the context of finance, money, and debt. The text appears to be focused on the economic aspects of international relations, particularly in the context of trade and development.

**Category**
International trade, Economic development