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31874
Multilateral
Multilat ral
Table of contents
Indice
[Volume 1867]
FINAL ACT EMBODYING THE RESULTS OF THE URUGUAY ROUND
OF MULTILATERAL TRADE NEGOTIATIONS
ACTE FINAL REPRENANT LES RESULTATS DES NEGOCIATIONS
COMMERCIALES MULTILATERALES DU CYCLE D'URUGUAY
ACTA FINAL EN QUE SE INCORPOR N LOS RESULTADOS
DE LA RONDA URUGUAY DE NEGOCIACIONES COMERCIALES
MULTILATERALES
ANNEX 1
ANNEXE 1
ANEXO 1
SCHEDULES/LISTES/LISTAS
1 AUSTRALIA
II! BRAZIL
ÎV MYANMAR
CANADA
VI SRI LANKA
VI! CHILE
VIII CHINA
IX CUBA
XI! INDIA
XIII NEW ZEALAND
XIV NORWAY
XV PAKISTAN
XX UNITED STATES
XXI INDONESIA
XXIII DOMINICAN REPUBLIC
xxrv FINLAND
XXIX NICARAGUA
XXX SWEDEN
XXXI URUGUAY
XXXII AUSTRIA
XXXV PERU
XXXVII TURKEY
XXXVIII - JAPAN
XXXIX MALAYSIA
XLII ISRAEL
XLIII NIGERIA
XLVII GABON
XLIX SENEGAL
LI MADAGASCAR
LU C TE D'IVOIRE
LIV ZIMBABWE
LIX SWITZERLAND-LIECHTENSTEIN
LX KOREA
LXII ICELAND
Lxm EGYPT
LXIV ARGENTINA
LXV POLAND
LXVI JAMAICA
LXVII - TRINIDAD AND TOBAGO
LXIX ROMANIA
LXXI HUNGARY
LXXIII - SINGAPORE
LXX V - SURINAME
LXXV - PHILIPPINES
LXXVI - COLOMBIA
LXXVH - MEXICO
LXXVIII - ZAMBIA
LXXIX - THAILAND
LXXXI - MOROCCO
LXXXII - HONG KONG
LXXXIII - TUNISIA
LXXXIV - BOLIVIA
LXXXV - COSTA RICA
LXXXVI - VENEZUELA
LXXXVII - EL SALVADOR
LXXXVIH - GUATEMALA
LXXXDC - MACAU
xc NAMIBIA
XCI PARAGUAY
XCII CZECH REPUBLIC
CXXIII SWAZILAND
XLVIII - BENIN
L - MAURITANIA
LUI - NIGER
LXX - BANGLADESH
CVI - CONGO
CXXIV - TANZANIA
CXXVI - UGANDA
ANNEX 1A (cont.)
ANNEXE 1A (suite)
ANEXO 1A (cont.)
AGREEMENT ON AGRICULTURE
ACCORD SUR L'AGRICULTURE
ACUERDO SOBRE LA AGRICULTURA
[Volume 1868]
AGREEMENT ON TEXTILES AND CLOTHING
ACCORD SUR LES TEXTILES ET LES VETEMENTS
ACUERDO SOBRE LOS TEXTILES Y EL VESTIDO
[Volume 1869]
AGREEMENT ON SUBSIDIES AND COUNTERVAILING MEASURES
ACCORD SUR LES SUBVENTIONS ET LES MESURES COMPENSATOIRES
ACUERDO SOBRE SUBVENCIONES Y MEDIDAS COMPENSATORS
AGREEMENT ON SAFEGUARDS
ACCORD SUR LES SAUVEGARDES
ACUERDO SOBRE SALVAGUARDIAS
SCHEDULES/LISTES/LISTAS
ALGERIE (LISTE)
ANTIGUA AND BARBUDA (SCHEDULE)
ARGENTINA (LISTA)
AUSTRALIA (SCHEDULE)
(ART.II EXEMPTIONS)
AUSTRIA (SCHEDULE)
(ART.II EXEMPTIONS)
BAHRAIN (SCHEDULE)
BANGLADESH (SCHEDULE)
BARBADOS (SCHEDULE)
BELIZE (SCHEDULE)
BENIN (LISTE)
(EXEMPTIONS ART.II)
BOLIVIA (LISTA)
(EXENCIONES ART.II)
BRAZIL (SCHEDULE)
(ART.II EXEMPTIONS)
BRUNEI DARUSSALAM (SCHEDULE)
(ART.II EXEMPTIONS)
BURKINA FASO (LISTE)
CAMEROUN (LISTE)
CANADA (SCHEDULE)
(ART.II EXEMPTIONS)
CHILE (LISTA)
(EXENCIONES ART.II)
CHINA (SCHEDULE)
(ART.II EXEMPTIONS)
COLOMBIA (LISTA)
(EXENCIONES ART.II)
CONGO (LISTE)
(EXEMPTIONS ART.II)
COSTA RICA (LISTA)
(EXENCIONES ART.II)
C TE D'IVOIRE (LISTE)
(EXEMPTIONS ART.II)
CUBA (LISTA)
(EXENCIONES ART.II)
CYPRUS (SCHEDULE)
(ART.II EXEMPTIONS)
CZECH REPUBLIC (SCHEDULE)
(ART.II EXEMPTIONS)
DOMINICA (SCHEDULE)
REP BLICA DOMINICANA (LISTA)
(EXENCIONES ART.II)
EGYPT (SCHEDULE)
(ART.II EXEMPTIONS)
EL SALVADOR (LISTA)
(EXENCIONES ART.II)
EUROPEAN COMMUNITIES
AND THEIR MEMBER STATES (SCHEDULE*
{ART.II EXEMPTIONS)
FIJI (SCHEDULE)
Vol. 1867, 1-31874
10 United Nations — Treaty Series • Nations Unies — Recueil des Traités 1995
FINLAND (SCHEDULE)
(ART.II EXEMPTIONS)
FRANCE AU TITRE DE
LA NOUVELLE-CALEDONIE (LISTE.
GABON (LISTE)
(EXEMPTIONS ART.ID
GHANA (SCHEDULE)
GRENADA (SCHEDULE)
GUATEMALA (LISTA;
(EXENC ONES ART.U)
GUYANA (SCHEDULE)
HONDURAS (LISTA)
(EXENC ONES ART. )
HONG KONG (SCHEDULE)
(ART.II EXEMPTIONS)
HUNGARY (SCHEDULE)
(ART.II EXEMPTIONS)
ICELAND (SCHEDULE)
(ART.H EXEMPTIONS)
INDIA (SCHEDULE)
(ART.H EXEMPTIONS)
INDONESIA (SCHEDULE)
(ART.II EXEMPTIONS)
ISRAEL (SCHEDULE)
(ART.II EXEMPTIONS)
JAMAICA (SCHEDULE)
(ART. II EXEMPTIONS)
JAPAN (SCHEDULE)
KENYA (SCHEDULE)
KOREA, REP. OF (SCHEDULE)
(ART.II EXEMPTIONS)
KUWAIT (SCHEDULE)
(ART.II EXEMPTIONS)
LIECHTENSTEIN (SCHEDULE)
(ART.II EXEMPTIONS)
MACAU (SCHEDULE)
MADAGASCAR (LISTE)
MALAYSIA (SCHEDULE)
(ART. II EXEMPTIONS)
MALTA (SCHEDULE)
(ART.H EXEMPTIONS)
MAROC (LISTE)
(EXEMPTIONS ART.II)
MAURITIUS (SCHEDULE)
MEXICO (LISTA)
(EXENCIONES ART.II)
MOZAMBIQUE (SCHEDULE)
MYANMAR (SCHEDULE)
NAMIBIA (SCHEDULE)
NETHERLANDS WITH RESPECT
TO ARUBA (SCHEDULE)
NETHERLANDS WITH RESPECT
TO NETHERLANDS ANTILLES (SCHEDULE)
ACUERDO INTERNACIONAL DE LA
CARNE DE BOVINO
1. Having met in order to conclude the Uruguay Round of Multilateral Trade Negotiations,
representatives of the governments and of the European Communities, members of the Trade Negotiations
Committee, agree that the Agreement Establishing the World Trade Organization (referred to in this
Final Act as the " WTO Agreement "), the Ministerial Declarations and Decisions, and the Understanding
on Commitments hi Financial Services, as annexed hereto, embody the results of their negotiations
and form an integral part of this Final Act.
(a) to submit, as appropriate, the WTO Agreement for the consideration of their respective
competent authorities with a view to seeking approval of the Agreement in accordance
with their procedures; and
3. The representatives agree on the desirability of acceptance of the WTO Agreement by all
participants in the Uruguay Round of Multilateral Trade Negotiations (hereinafter referred to as
"participants") with a view to its entry into force by 1 January 1995, or as early as possible thereafter.
Not later than late 1994, Ministers will meet, in accordance with the final paragraph of the Punta del
Este Ministerial Declaration, to decide on the international implementation of the results, including
the timing of their entry into force.
4. The representatives agree that the WTO Agreement shall be open for acceptance as a whole,
by signature or otherwise, by all participants pursuant to Article XTV thereof. The acceptance and
entry into force of a Plurilateral Trade Agreement included in Annex 4 of the WTO Agreement shall
be governed by the provisions of that Plurilateral Trade Agreement.
5. Before accepting the WTO Agreement, participants which are not contracting parties to the
General Agreement on Tariffs and Trade1 must first have concluded negotiations for their accession
to the General Agreement and become contracting parties thereto. For participants which are not
contracting parties to the General Agreement as of the date of the Final Act, the Schedules are not
definitive and shall be subsequently completed for the purpose of their accession to the General
Agreement and acceptance of the WTO Agreement.
6. This Final Act and the texts annexed hereto shall be deposited with the Director-General to
the CONTRACTING PARTIES to the General Agreement on Tariffs and Trade who shall promptly
furnish to each participant a certified copy thereof.
DONE at Marrakesh this fifteenth day of April one thousand nine hundred and ninety-four,
in a single copy, in the English, French and Spanish languages, each text being authentic.
For the People's Democratic Pour la République algérienne Por la Repûblica Argelina
Republic of Algeria: démocratique et populaire: Democrâtica y Popular:
Mustapha Mokraoui
For the Republic of Angola: Pour la République d'Angola: Por la Repûblica de Angola:
J. Eduardo Pinnock
For Antigua and Barbuda: Pour Antigua et Barbuda: Por Antigua y Barbuda:
J.A.E. Thomas
For thé Argentine Republic: Pour la République argentine: Por la Repûblica Argentina:
Guido Di Telia
R. Francis McMullan
For the Republic of Austria: Pour la République d'Autriche: Por la Repûblica de Austria:
Wolfgang Schlûssel
1 Subject to ratification.
For thé State of Bahrain: Pour l'Etat de Bahrain: Por el Estado de Bahrein:
Habib A. Qassim
(Subject to ratification) 2
For the People's Republic Pour la République populaire Por la Republica Popular
of Bangladesh: du Bangladesh: de Bangladesh:
Shamsul Islam
Warwick O. Franklin
For the Kingdom of Belgium, Pour le Royaume de Belgique, Por el Reino de Bélgica,
the French Community of la Communauté française de la Comunidad Francesa de
Belgium, the Flemish Belgique, la Communauté Bélgica, la Comunidad
Community of Belgium, the flamande de Belgique, la Flamenca de Bélgica, la
German-language Community Communauté germanophone Comunidad Germanohablante
of Belgium, the Walloon de Belgique, la Région de Bélgica, la Région Valona
Region of Belgium, the wallonne de Belgique, la de Bélgica, la Région Flamenca
Flemish Region of Belgium, Région flamande de de Bélgica y la Région de
and the Brussels-Capital Belgique et la Région Bruselas Capital de Bélgica:
Region of Belgium: Bruxelles-Capitale de
Belgique:
R. Urbain
(Subject to ratification)
Jean Tamer
For the Republic of Benin: Pour la République du Bénin: Por la Republica de Bénin:
Yacoubou A. Fassassi
For the Republic of Bolivia: Pour la République de Bolivie: Por la Republica de Bolivia:
M. Reyes Chavez
For the Republic of Botswana: Pour la République du Botswana: Por la Republica de Botswana:
P.H.K. Kedikilwe
For the Federative Republic Pour la République federative Por la Republica Federativa
of Brazil: du Brésil: del Brasil:
C.L.N. Amorim
For the Republic of Burundi: Pour la République du Burundi: Por la Repûblica de Burundi:
Claudine Matuturu
F.-Xavier Ngoubeyou
Roy MacLaren
L. Odoudou Ignabode
For the Republic of Chad: Pour la République du Tchad: Por la Repûblica del Chad:
For the Republic of Chile: Pour la République du Chili: Por la Repûblica de Chile:
For the People's Republic Pour la République populaire Por la Repûblica Popular
of China: de Chine: de China:
Gu Jongjiang
For the Republic of Colombia: Pour la République de Colombie: Por la Repûblica de Colombia:
Juan M. Santos
For the Republic of the Congo: Pour la République du Congo: Por la Repûblica del Congo:
Maurice Mouabenga
Roberto Rojas
Amara Essy
For the Republic of Cuba: Pour la République de Cuba: Por la Repûblica de Cuba:
Cabrisas Ruiz
For the Republic of Cyprus: Pour la République de Chypre: Por la Repûblica de Chipre:
A.P. Michaeldies
For the Czech Republic: Pour la République tchèque: Por la Repûblica Checa:
Vladimir Dlouhy
For the Kindgom of Denmark: Pour le Royaume du Danemark: Por el Reino de Dinamarca:
For the Dominican Republic: Pour la République dominicaine: Por la Repûblica Dominicana:
Federico A. Cuello
For the Arab Republic Pour la République arabe Por la Repûblica Arabe
of Egypt: d'Egypte: de Egipto:
M. Mohamed Mahmoud
M.A. Salaverria
G. Romaios
L. Brittan
For the Republic of Fiji: Pour la République des Fidji: Por la Repûblica de Fiji:
Kaliopate Tavola
For the Republic of Finland: Pour la République de Finlande: Por la Repûblica de Finlandia:
Pertti Salolainen
For the French Republic: Pour la République française: Por la Repûblica Francesa:
G. Longuet
For the Gabonese Republic: Pour la République gabonaise: Por la Repûblica Gabonesa:
Patrice Nziengui
For the Federal Republic Pour la République fédérale Por la Repûblica Federal
of Germany: d'Allemagne: de Alemania:
For the Republic of Ghana: Pour la République du Ghana: Por la Repûblica de Ghana:
Emma Mitchell
For the Hellenic Republic: Pour la République hellénique: Por la Repûblica Helénica:
Theodores Pangalos
For the Republic of Trinidad Pour la République de Trinité- Por la Repûblica de Trinidad
and Tobago: et-Tobago: y Tabago:
Ralph Maraj
For the Republic of Tunisia: Pour la République tunisienne: Por la Repûblica de Tûnez:
Habib B. Yahia
Subject to ratification
For the Republic of Turkey: Pour la République turque: Por la Repûblica de Turquîa:
Yener Dinçmen
Richard Kaijuka
For thé United Arab Pour les Emirats arabes Por los Emiratos Arabes
Emirates: unis: Unidos:
S.A. Ghobash
For the Republic of Iceland: Pour la République d'Islande: Por la Repûblica de Islandia:
For the Republic of India: Pour la République de l'Inde: Por la Repûblica de la India:
Pranab Mukherjee
For the Republic of Indonesia: Pour la République d'Indonésie: Por la Repûblica de Indonesia:
S.B. Joedono
Charles McCreevy
For thé State of Israel: Pour l'Etat d'Israël: Por el Estado de Israël:
M. Harish
For the Italian Republic: Pour la République italienne: Por la Repûblica Italiana:
Paolo Baratta
P. Robertson
T. Hâta
For the Republic of Kenya: Pour la République du Kenya: Por la Repûblica de Kenya:
R. Laibon M'Munkindia
For the Republic of Korea: Pour la République de Corée: Por la Repûblica de Corea:
Chulsu Kim
For thé State of Kuwait: Pour l'Etat du Koweït: Por el Estado de Kuwait:
Walid A. Al Wahib
For the Kingdom of Lesotho: Pour le Royaume du Lesotho: Por el Reino de Lesotho:
Andréa Willi
Georges Wohlfart
V. Rodriguez Pessoa
Jacques Sylla
For the Republic of Malawi: Pour la République du Malawi: Por la Repûblica de Malawi:
M.W. Mbekeani
Rafïdah Aziz
For the Republic of Mali: Pour la République du Mali: Por la Repûblica de Mali:
Ahmad Ag Hamani
For the Republic of Malta: Pour la République de Malte: Por la Repûblica de Malta:
Anthony E. Borg
For the Islamic Republic Pour la République islamique Por la Repûblica Islâmica
of Mauritania: de Mauritanie: de Mauritania:
A.K. Bachoo
Ministers decide to recommend adoption by the Ministerial Conference of the decision on improvement and
review of notification procedures set out below.
Members,
Desiring to improve the operation of notification procedures under the Agreement Establishing the World
Trade Organization (hereinafter referred to as the "WTO Agreement"), and thereby to contribute to the transparency
of Members' trade policies and to the effectiveness of surveillance arrangements established to that end;
Recalling obligations under the WTO Agreement to publish and notify, including obligations assumed under
the terms of specific protocols of accession, waivers, and other agreements entered into by Members;
Agree as follows:
Members affirm their commitment to obligations under the Multilateral Trade Agreements and, where applicable,
the Plurilateral Trade Agreements, regarding publication and notification.
Members recall their undertakings set out in the Understanding Regarding Notification, Consultation, Dispute
Settlement and Surveillance adopted on 28 November 1979 (BISD 26S/210). With regard to their undertaking therein
to notify, to the maximum extent possible, their adoption of trade measures affecting the operation of GATT 1994,
such notification itself being without prejudice to views on the consistency of measures with or their relevance to rights
and obligations under the Multilateral Trade Agreements and, where applicable, the Plurilateral Trade Agreements,
Members agree to be guided, as appropriate, by the annexed list of measures. Members therefore agree that the
introduction or modification of such measures is subject to the notification requirements of the 1979 Understanding.
A central registry of notifications shall be established under the responsibility of the Secretariat. While Members
will continue to follow existing notification procedures, the Secretariat shall ensure that the central registry records
such elements of the information provided on the measure by the Member concerned as its purpose, its trade coverage,
and the requirement under which it has been notified. The central registry shall cross-reference its records of notifications
by Member and obligation.
The central registry shall inform each Member annually of the regular notification obligations to which that
Member will be expected to respond in the course of the following year.
The central registry shall draw the attention of individual Members to regular notification requirements which
remain unfulfilled.
Information in the central registry regarding individual notifications shall be made available on request to any
Member entitled to receive the notification concerned.
The Council for Trade in Goods will undertake a review of notification obligations and procedures under the
Agreements in Annex 1A of the WTO Agreement. The review will be carried out by a working group, membership
in which will be open to all Members. The group will be established immediately after the date of entry into force
of the WTO Agreement.
For the Kingdom of the Pour le Royaume des Por el Reino de los
Netherlands: Pays-Bas: Paîses Bajos:
Y. van Rooy
P. Burdon
E. Belli Pereira
For the Republic of Niger: Pour la République du Niger: Por la Repûblica del Niger:
Maliki Barhouni
For the Federal Republic of Pour la République fédérale du Por la Repûblica Federal de
Nigeria: Nigeria: Nigeria:
For the Kingdom of Norway: Pour le Royaume de Norvège: Por el Reino de Noruega:
Grete Knudsen
For the Islamic Republic of Pour la République islamique Por la Repûblica Islâmica del
Pakistan: du Pakistan: Pakistan:
Ahmad Mukhtar
For the Republic of Paraguay: Pour la République du Paraguay: Por la Repûblica del Paraguay:
Luis M. Ramirez-Boettner
For the Republic of Peru: Pour la République du Pérou: Por la Repûblica del Peru:
Efrain Goldenberg
Rizalino S. Navarro
For the Republic of Poland: Pour la République de Pologne: Por la Repûblica de Polonia:
Leslaw Podkanski
DECISION ON ANTI-CIRCUMVENTION
Ministers,
Noting that while the problem of circumvention of anti-dumping duty measures formed part of the negotiations
which preceded the Agreement on Implementation of Article VI of GATT 1994, negotiators were unable to agree
on specific text,
Mindful of the desirability of the applicability of uniform rules in this area as soon as possible,
Decide to refer this matter to the Committee on Anti-Dumping Practices established under that Agreement
for resolution.
For Saint Vincent and Pour Saint-Vincent-et- Por San Vicente y las
thé Grenadines: Grenadines: Granadinas:
For the Republic of Senegal: Pour la République du Sénégal: Por la Repûblica del Senegal:
Moustapha Niasse
For the Slovak Republic: Pour la République slovaque: Por la Repûblica Eslovaca:
Peter Magvasi
D-L. Keys
For the Kingdom of Spain: Pour le Royaume d'Espagne: Por el Reino de Espana:
J. Gomez-Navarro
For the Democratic Socialist Pour la République socialiste Por la Repûblica Socialista
Republic of Sri Lanka: démocratique de Sri Lanka: Democrâtica de Sri Lanka:
A.R. Munsoor
R.B. Kalloe
For the Kingdom of Sweden: Pour le Royaume de Suède: Por el Reino de Suecïa:
Ulf Dinkelspiel
(Subject to ratification)
For the Swiss Confederation: Pour la Confédération suisse: Por la Confederation Suiza:
J.-P. Delamuraz
For thé United Republic of Pour la République Unie de Por la Repûblica Unida de
Tanzania: Tanzanie: Tanzania:
C.D. Msuya
For the Kingdom of Thailand: Pour le Royaume de Thaïlande: Por el Reino de Tailandia:
S. Panitchpakdi
For the Togolese Republic: Pour la République togolaise: Por la Repûblica Togolesa:
For the Republic of Trinidad Pour la République de Trinité- Por la Repûblica de Trinidad
and Tobago: et-Tobago: y Tabago:
Ralph Maraj
For the Republic of Tunisia: Pour la République tunisienne: Por la Repûblica de Tûnez:
Habib B. Yahia
Subject to ratification
For the Republic of Turkey: Pour la République turque: Por la Repûblica de Turquîa:
Yener Dinçmen
Richard Kaijuka
For thé United Arab Pour les Emirats arabes Por los Emiratos Arabes
Emirates: unis: Unidos:
S.A. Ghobash
Timothy Sainsbury
For thé United States Pour ies Etats-Unis Por los Estados Unidos
of America: d'Amérique: de America:
Michael Kaiitor
For the Eastern Republic Pour la République orientale Por la Repûblica Oriental
of Uruguay: de l'Uruguay: del Uruguay:
Sergio A. Bonilla
Alberto Poletto
For the Republic of Zaire: Pour la République du Zaïre: Por la Repûblica del Zaire:
T.B. Tangale
For the Republic of Zambia: Pour la République de Zambie: Por la Repûblica de Zambia:
D. Patel
H.M. Murerwa
Participants in the Uruguay Round have been enabled to take on specific commitments with respect to financial
services under the General Agreement on Trade in Services (hereinafter referred to as the "Agreement") on the basis
of an alternative approach to that covered by the provisions of Part III of the Agreement. It was agreed that this approach
could be applied subject to the following understanding:
(ii) it does not prejudice the right of any Member to schedule its specific commitments in accordance
with the approach under Part III of the Agreement;
(iv) no presumption has been created as to the degree of liberalization to which a Member is committing
itself under the Agreement.
Interested Members, on the basis of negotiations, and subject to conditions and qualifications where specified,
have inscribed in their schedule specific commitments conforming to the approach set out below.
A. Standstill
Any conditions, limitations and qualifications to the commitments noted below shall be limited to existing
non-conforming measures.
B. Market Access
Monopoly Rights
Each Member shall list in its schedule pertaining to financial services existing monopoly rights and shall
endeavour to eliminate them or reduce their scope. Notwithstanding subparagraph l(b) of the Annex on Financial
Services, this paragraph applies to the activities referred to in subparagraph l(b)(iii) of the Annex.
2. Notwithstanding Article XIII of the Agreement, each Member shall ensure that financial service suppliers
of any other Member established in its territory are accorded most-favoured-nation treatment and national treatment
as regards the purchase or acquisition of financial services by public entities of the Member in its territory.
Cross-border Trade
3. Each Member shall permit non-resident suppliers of financial services to supply, as a principal, through an
intermediary or as an intermediary, and under terms and conditions that accord national treatment, the following services:
(i) maritime shipping and commercial aviation and space launching and freight (including satellites),
with such insurance to cover any or all of the following: the goods being transported, the vehicle
transporting the goods and any liability arising therefrom; and
(b) reinsurance and retrocession and the services auxiliary to insurance as referred to in subparagraph 5(a)(iv)
of the Annex;
(c) provision and transfer of financial information and financial data processing as referred to in
subparagraph 5(a)(xv) of the Annex and advisory and other auxiliary services, excluding intermediation, relating
to banking and other financial services as referred to in subparagraph 5(a)(xvi) of the Annex.
1. Ministers recognize that the giobalization of the world economy has led to ever-growing interactions between
the economic policies pursued by individual countries, including interactions between the structural, macroeconomic,
trade, financial and development aspects of economic policymaking. The task of achieving harmony between these
policies falls primarily on governments at the national level, but their coherence internationally is an important and
valuable element in increasing the effectiveness of these policies at national level. The Agreements reached in the
Uruguay Round show that all the participating governments recognize the contribution that liberal trading policies
can make to the healthy growth and development of their own economies and of the world economy as a whole.
2. Successful cooperation in each area of economic policy contributes to progress in other areas. Greater exchange
rate stability, based on more orderly underlying economic and financial conditions, should contribute towards the
expansion of trade, sustainable growth and development, and the correction of external imbalances. There is also
a need for an adequate and timely flow of concessional and non-concessional financial and real investment resources
to developing countries and for further efforts to address debt problems, to help ensure economic growth and
development. Trade liberalization forms an increasingly important component in the success of the adjustment
programmes that many countries are undertaking, often involving significant transitional social costs. In this connection,
Ministers note the role of the World Bank and the IMF in supporting adjustment to trade liberalization, including
support to net food-importing developing countries facing short-term costs arising from agricultural trade reforms.
3. The positive outcome of the Uruguay Round is a major contribution towards more coherent and complementary
international economic policies. The results of the Uruguay Round ensure an expansion of market access to the benefit
of all countries, as well as a framework of strengthened multilateral disciplines for trade. They also guarantee that
trade policy will be conducted in a more transparent manner and with greater awareness of the benefits for domestic
competitiveness of an open trading environment. The strengthened multilateral trading system emerging from the
Uruguay Round has the capacity to provide an improved forum for liberalization, to contribute to more effective
surveillance, and to ensure strict observance of multilaterally agreed rules and disciplines. These improvements mean
that trade policy can in the future play a more substantial role in ensuring the coherence of global economic policymaking.
4. Ministers recognize, however, that difficulties the origins of which lie outside the trade field cannot be redressed
through measures taken in the trade field alone. This underscores the importance of efforts to improve other elements
of global economic policymaking to complement the effective implementation of the results achieved in the Uruguay
Round.
5. The interlinkages between the different aspects of economic policy require that the international institutions
with responsibilities in each of these areas follow consistent and mutually supportive policies. The World Trade
Organization should therefore pursue and develop cooperation with the international organizations responsible for
monetary and financial matters, while respecting the mandate, the confidentiality requirements and the necessary
autonomy in decision-making procedures of each institution, and avoiding the imposition on governments of cross-
conditionality or additional conditions. Ministers further invite the Director-General of the WTO to review with the
Managing Director of the International Monetary Fund and the President of the World Bank, the implications of the
WTO's responsibilities for its cooperation with the Bretton Woods institutions, as well as the forms such cooperation
might take, with a view to achieving greater coherence in global economic policymaking.
Ministers decide to recommend adoption by the Ministerial Conference of the decision on improvement and
review of notification procedures set out below.
Members,
Desiring to improve the operation of notification procedures under the Agreement Establishing the World
Trade Organization (hereinafter referred to as the "WTO Agreement"), and thereby to contribute to the transparency
of Members' trade policies and to the effectiveness of surveillance arrangements established to that end;
Recalling obligations under the WTO Agreement to publish and notify, including obligations assumed under
the terms of specific protocols of accession, waivers, and other agreements entered into by Members;
Agree as follows:
Members affirm their commitment to obligations under the Multilateral Trade Agreements and, where applicable,
the Plurilateral Trade Agreements, regarding publication and notification.
Members recall their undertakings set out in the Understanding Regarding Notification, Consultation, Dispute
Settlement and Surveillance adopted on 28 November 1979 (BISD 26S/210). With regard to their undertaking therein
to notify, to the maximum extent possible, their adoption of trade measures affecting the operation of GATT 1994,
such notification itself being without prejudice to views on the consistency of measures with or their relevance to rights
and obligations under the Multilateral Trade Agreements and, where applicable, the Plurilateral Trade Agreements,
Members agree to be guided, as appropriate, by the annexed list of measures. Members therefore agree that the
introduction or modification of such measures is subject to the notification requirements of the 1979 Understanding.
A central registry of notifications shall be established under the responsibility of the Secretariat. While Members
will continue to follow existing notification procedures, the Secretariat shall ensure that the central registry records
such elements of the information provided on the measure by the Member concerned as its purpose, its trade coverage,
and the requirement under which it has been notified. The central registry shall cross-reference its records of notifications
by Member and obligation.
The central registry shall inform each Member annually of the regular notification obligations to which that
Member will be expected to respond in the course of the following year.
The central registry shall draw the attention of individual Members to regular notification requirements which
remain unfulfilled.
Information in the central registry regarding individual notifications shall be made available on request to any
Member entitled to receive the notification concerned.
The Council for Trade in Goods will undertake a review of notification obligations and procedures under the
Agreements in Annex 1A of the WTO Agreement. The review will be carried out by a working group, membership
in which will be open to all Members. The group will be established immediately after the date of entry into force
of the WTO Agreement.
— to undertake a thorough review of all existing notification obligations of Members established under
the Agreements in Annex 1A of the WTO Agreement, with a view to simplifying, standardizing
and consolidating these obligations to the greatest extent practicable, as well as to improving
compliance with these obligations, bearing in mind the overall objective of improving the transparency
of the trade policies of Members and the effectiveness of surveillance arrangements established to
this end, and also bearing in mind the possible need of some developing country Members for
assistance in meeting their notification obligations;
— to make recommendations to the Council for Trade in Goods not later than two years after the entry
into force of the WTO Agreement.
ANNEX
Tariffs (including range and scope of bindings, GSP provisions, rates applied to members of free-trade areas/customs
unions, other preferences)
Quantitative restrictions, including voluntary export restraints and orderly marketing arrangements affecting imports
Other non-tariff measures such as licensing and mixing requirements; variable levies
Customs valuation
Rules of origin
Government procurement
Technical barriers
Safeguard actions
Anti-dumping actions
Countervailing actions
Export taxes
Export restrictions, including voluntary export restraints and orderly marketing arrangements
Government-mandated countertrade
Any other measure covered by the Multilateral Trade Agreements in Annex 1A to the WTO Agreement
'This list does not alter existing notification requirements in the Multilateral Trade Agreements in Annex 1A to the
WTO Agreement or, where applicable, the Plurilateral Trade Agreements in Annex 4 of the WTO Agreement.
Ministers,
Noting the close relationship between the CONTRACTING PARTIES to the GATT 1947 and the International
Monetary Fund, and the provisions of the GATT 1947 governing that relationship, in particular Article XV of the
GATT 1947;
Recognizing the desire of participants to base the relationship of the World Trade Organization with the
International Monetary Fund, with regard to the areas covered by the Multilateral Trade Agreements in Annex 1A
of the WTO Agreement, on the provisions that have governed the relationship of the CONTRACTING PARTIES
to the GATT 1947 with the International Monetary Fund;
Hereby reaffirm that, unless otherwise provided for in the Final Act, the relationship of the WTO with the
International Monetary Fund, with regard to the areas covered by the Multilateral Trade Agreements in Annex 1A
of the WTO Agreement, will be based on the provisions that have governed the relationship of the CONTRACTING
PARTIES to the GATT 1947 with the International Monetary Fund.
1. Ministers recognize that the progressive implementation of the results of the Uruguay Round as a whole will
generate increasing opportunities for trade expansion and economic growth to the benefit of all participants.
2. Ministers recognize that during the reform programme leading to greater liberalization of trade in agriculture
least-developed and net food-importing developing countries may experience negative effects in terms of the availability
of adequate supplies of basic foodstuffs from external sources on reasonable terms and conditions, including short-term
difficulties in financing normal levels of commercial imports of basic foodstuffs.
3. Ministers accordingly agree to establish appropriate mechanisms to ensure that the implementation of the results
of the Uruguay Round on trade in agriculture does not adversely affect the availability of food aid at a level which
is sufficient to continue to provide assistance in meeting the food needs of developing countries, especially least-developed
and net food-importing developing countries. To this end Ministers agree:
(i) to review the level of food aid established periodically by the Committee on Food Aid under the
Food Aid Convention 1986 and to initiate negotiations in the appropriate forum to establish a level
of food aid commitments sufficient to meet the legitimate needs of developing countries during the
reform programme;
(ii) to adopt guidelines to ensure that an increasing proportion of basic foodstuffs is provided to least-
developed and net food-importing developing countries in fully grant form and/or on appropriate
concessional terms in line with Article IV of the Food Aid Convention 1986;
(iii) to give full consideration in the context of their aid programmes to requests for the provision of
technical and financial assistance to least-developed and net food-importing developing countries
to improve their agricultural productivity and infrastructure.
4. Ministers further agree to ensure that any agreement relating to agricultural export credits makes appropriate
provision for differential treatment in favour of least-developed and net food-importing developing countries.
5. Ministers recognize that as a result of the Uruguay Round certain developing countries may experience short-term
difficulties in financing normal levels of commercial imports and that these countries may be eligible to draw on the
resources of international financial institutions under existing facilities, or such facilities as may be established, in
the context of adjustment programmes, in order to address such financing difficulties. In this regard Ministers take
note of paragraph 37 of the report of the Director-General to the CONTRACTING PARTIES to GATT 1947 on his
consultations with the Managing Director of the International Monetary Fund and the President of the World Bank
(MTN.GNG/NG14/W/35).
6. The provisions of this Decision will be subject to regular review by the Ministerial Conference, and the follow-up
to this Decision shall be monitored, as appropriate, by the Committee on Agriculture.
Ministers agree that the participants maintaining restrictions falling under paragraph 1 of Article 2 of the
Agreement on Textiles and Clothing shall notify full details of the actions to be taken pursuant to paragraph 6 of Article 2
of that Agreement to the GATT Secretariat not later than 1 October 1994. The GATT Secretariat shall promptly
circulate these notifications to the other participants for information. These notifications will be made available to
the Textiles Monitoring Body, when established, for the purposes of paragraph 21 of Article 2 of the Agreement on
Textiles and Clothing.
Ministers decide to recommend that the Secretariat of the Worid Trade Organization reach an understanding
with the Intemational Organization for Standardization ("ISO") to establish an information system under which:
1. ISONET members shall transmit to the ISO/IEC Information Centre in Geneva the notifications
referred to in paragraphs C and J of the Code of Good Practice for the Preparation, Adoption and
Application of Standards in Annex 3 to the Agreement on Technical Barriers to Trade, in the manner
indicated there;
2. the following (alpha)numeric classification systems shall be used in the work programmes referred
to in paragraph J:
( a )
a standards classification system which would allow standardizing bodies to give for each standard
mentioned in the work programme an (alpha)mimeric indication of the subject matter;
( b )
a stage code system which would allow standardizing bodies to give for each standard mentioned in die work
programme an (alpha)nurneric indication of the stage of development of the standard; for this purpose, at
least five stages of development should be distinguished: (1) the stage at which the decision to develop a
standard has been taken, but technical work has not yet begun; (2) the stage at which technical work has
begun, but the period for the submission of comments has not yet started; (3) the stage at which the period
for the submission of comments has started, but has not yet been completed; (4) the stage at which the period
for the submission of comments has been completed, but the standard has not yet been adopted; and (5) the
stage at which the standard has been adopted;
( c )
an identification system covering all international standards which would allow standardizing bodies to give
for each standard mentioned in the work programme an (alpha)numeric indication of the international standard(s)
used as a basis;
3. the ISO/IEC Information Centre shall promptly convey to the Secretariat copies of any notifications
referred to in paragraph C of the Code of Good Practice;
4. the ISO/IEC Information Centre shall regularly publish the information received in the notifications
made to it under paragraphs C and J of the Code of Good Practice; this publication, for which a
reasonable fee may be charged, shall be available to ISONET members and through the Secretariat
to the Members of the WTO,
Ministers decide that in conformity with paragraph 1 of Article 13 of the Agreement on Technical Barriers
to Trade in Annex 1A of the Agreement Establishing the World Trade Organization, the Committee on Technical
Barriers to Trade established thereunder shall, without prejudice to provisions on consultation and dispute settlement,
at least once a year review the publication provided by the ISO/IEC Information Centre on information received according
to the Code of Good Practice for the Preparation, Adoption and Applicationof Standards in Annex 3 of the Agreement,
for the purpose of affording Members opportunity of discussing any matters relating to the operation of that Code.
In order to facilitate this discussion, the Secretariat shall provide a list by Member of all standardizing bodies
that have accepted the Code, as well as a list of those standardizing bodies that have accepted or withdrawn from
the Code since the previous review.
The Secretariat shall also distribute promptly to the Members copies of the notifications it receives from the
ISO/IEC Information Centre.
DECISION ON ANTI-CIRCUMVENTION
Ministers,
Noting that while the problem of circumvention of anti-dumping duty measures formed part of the negotiations
which preceded the Agreement on Implementation of Article VI of GATT 1994, negotiators were unable to agree
on specific text,
Mindful of the desirability of the applicability of uniform rules in this area as soon as possible,
Decide to refer this matter to the Committee on Anti-Dumping Practices established under that Agreement
for resolution.
Ministers recognize, with respect to dispute settlement pursuant to the Agreement on Implementation of Article
VI of GATT 1994 or Part V of the Agreement on Subsidies and Countervailing Measures, the need for the consistent
resolution of disputes arising from anti-dumping and countervailing duty measures.
Ministers invite the Committee on Customs Valuation established under the Agreement on Implementation
of Article VII of GATT 1994 to take the following decision:
Reaffirming that the transaction value is the primary basis of valuation under the Agreement on Implementation
of Article VII of GATT 1994 (hereinafter referred to as the "Agreement");
Recognizing that the customs administration may have to address cases where it has reason to doubt the truth
or accuracy of the particulars or of documents produced by traders in support of a declared value;
Emphasizing that in so doing thecustoms administration should not prejudice the legitimate commercial interests
of traders;
Taking into account Article 17 of the Agreement, paragraph 6 of Annex III to the Agreement, and the relevant
decisions of the Technical Committee on Customs Valuation;
Decides as follows:
1. When a declaration has been presented and where the customs administration has reason to doubt the truth
or accuracy of the particulars or of documents produced in support of this declaration, the customs administration
may ask the importer to provide further explanation, including documents or other evidence, that the declared value
represents the total amount actually paid or payable for the imported goods, adjusted in accordance with the provisions
of Article 8. If, after receiving further information, or in the absence of a response, the customs administration still
has reasonable doubts about the truth or accuracy of the declared value, it may, bearing in mind the provisions of
Article 11, be deemed that the customs value of the imported goods cannot be determined under the provisions of
Article 1. Before taking a final decision, the customs administration shall communicate to the importer, in writing
if requested, its grounds for doubting the truth or accuracy of the particulars or documents produced and the importer
shall be given a reasonable opportunity to respond. When a final decision is made, the customs administration shall
communicate to the importer in writing its decision and the grounds therefor.
2. It is entirely appropriate in applying the Agreement for one Member to assist another Member on mutually
agreed terms.
Minisiers decide to refer the following texts to the Committee on Customs Valuation established under the
Agreement on Implementation of Article VII of GATT 1994, for adoption.
Where a developing country makes a reservation to retain officially established minimum values within the
terms of paragraph 2 of Annex 1IÏ and shows good cause, the Committee shall give the request for the reservation
sympathetic consideration.
Where a reservation is consented to, the terms and conditions referred to in paragraph 2 of Annex III shall
take full account of the development, financial and trade needs of the developing country concerned.
1. A number of developing countries have a concern that problems may exist in the valuation of imports by sole
agents, sole distributors and sole concessionaires. Under paragraph 1 of Article 20, developing country Members
have a period of delay of up to five years prior to the application of the Agreement. In this context, developing country
Members availing themselves of this provision could use the period to conduct appropriate studies and to take such
other actions as are necessary to facilitate application.
2. In consideration of this, the Committee recommends that the Customs Co-operation Council assist developing
country Members, in accordance with the provisions of Annex II, to formulate and conduct studies in areas identified
as being of potential concern, including those relating to importations by sole agents, sole distributors and sole
concessionaires.
Ministers decide to recommend that the Council for Trade in Services at its first meeting adopt the decision
on subsidiary bodies set out below.
Acting pursuant to Article XXIV with a view to facilitating the operation and furthering the objectives of the
General Agreement on Trade in Services,
Decides as follows:
1. Any subsidiary bodies that the Council may establish shall report to the Council annually or more often as
necessary. Each such body shall establish its own rules of procedure, and may set up its own subsidiary bodies as
appropriate.
2. Any sectoral committee shall carry out responsibilities as assigned to it by the Council, and shall afford Members
the opportunity to consult on any matters relating to trade in services in the sector concerned and the operation of
the sectoral annex to which it may pertain. Such responsibilities shall include:
(a) to keep under continuous review and surveillance the application of the Agreement with respect to
the sector concerned;
(b) to formulate proposals or recommendations for consideration by the Council in connection with any
matter relating to trade in the sector concerned;
(c) if there is an annex pertaining to the sector, to consider proposals for amendment of that sectoral
annex, and to make appropriate recommendations to the Council;
(d) to provide a forum for technical discussions, to conduct studies on measures of Members and to
conduct examinations of any other technical matters affecting trade in services in the sector concerned;
(e) to provide technical assistance to developing country Members and developing countries negotiating
accession to the Agreement Establishing the World Trade Organization in respect of the application
of obligations or other matters affecting trade in services in the sector concerned; and
(f) to cooperate with any other subsidiary bodies established under the General Agreement on Trade
in Services or any international organizations active in any sector concerned.
3. There is hereby established a Committee on Trade in Financial Services which will have the responsibilities
listed in paragraph 2.
Ministers decide to recommend that the Council for Trade in Services at its first meeting adopt the decision
set out below.
Taking into account the specific nature of the obligations and specific commitments of the Agreement, and
of trade in services, with respect to dispute settlement under Articles XXII and XXIII,
Decides as follows:
2. To this end, Members may suggest names of individuals possessing the qualifications referred to in paragraph
3 for inclusion on the roster, and shall provide a curriculum vitae of their qualifications including, if applicable, indication
of sector-specific expertise.
3. Panels shall be composed of well-qualified governmental and/or non-governmental individuals who have
experience in issues related to the General Agreement on Trade in Services and/or trade in services, including associated
regulatory matters. Panelists shall serve in their individual capacities and not as representatives of any government
or organisation.
4. Panels for disputes regarding sectoral matters shall have the necessary expertise relevant to the specific services
sectors which the dispute concerns.
5. The Secretariat shall maintain the roster and shall develop procedures for its administration in consultation
with the Chairman of the Council.
Ministers decide to recommend that the Council for Trade in Services at its first meeting adopt the decision
set out below.
Acknowledging that measures necessary to protect the environment may conflict with the provisions of the
Agreement; and
Noting that since measures necessary to protect the environment typically have as their obj ecti ve the protection
of human, animal or plant life or health, it is not clear that there is a need to provide for more than is contained in
paragraph (b) of Article XIV;
Decides as follows:
1. In order to determine whether any modification of Article XIV of the Agreement is required to take account
of such measures, to request the Committee on Trade and Environment to examine and report, with recommendations
if any, on the relationship between services trade and the environment including the issue of sustainable development.
The Committee shall also examine the relevance of inter-govemmental agreements on the environment and their
relationship to the Agreement.
2. The Committee shall report the results of its work to the first biennial meeting of the Ministerial Conference
after the entry into force of the Agreement Establishing the World Trade Organization.
Ministers,
Noting the commitments resulting from the Uruguay Round negotiations on the movement of natural persons
for the purpose of supplying services;
Mindful of the objectives of the General Agreement on Trade in Services, including the increasing participation
of developing countries in trade in services and the expansion of their service exports;
Recognizing the importance of achieving higher levels of commitments on the movement of natural persons,
in order to provide for a balance of benefits under the General Agreement on Trade in Services;
Decide as follows:
1. Negotiations on further liberalization of movement of natural persons for the purpose of supplying services
shall continue beyond the conclusion of the Uruguay Round, with a view to allowing the achievement of higher levels
of commitments by participants under the General Agreement on Trade in Services.
2. A Negotiating Group on Movement of Natural Persons is established to carry out the negotiations. The group
shall establish its own procedures and shall report periodically to the Council on Trade in Services.
3. The negotiating group shall hold its first negotiating session no later than 16 May 1994. It shall conclude
these negotiations and produce a final report no later than six months after the entry into force of the Agreement
Establishing the World Trade Organization.
4. Commitments resulting from these negotiations shall be inscribed in Members' Schedules of specific
commitments.
Ministers,
Noting that commitments scheduled by participants on financial services at the conclusion of the Uruguay
Round shall enter into force on an MFN basis at the same time as the Agreement Establishing the World Trade
Organization (hereinafter referred to as the "WTO Agreement"),
Decide as follows:
1. At the conclusion of a period ending no later than six months after the date of entry into force of the WTO
Agreement, Members shall be free to improve, modify or withdraw all or part of their commitments in this sector
without offering compensation, notwithstanding the provisions of Article XXI of the General Agreement on Trade
in Services. At the same time Members shall finalize their positions relating to MFN exemptions in this sector,
notwithstanding the provisions of the Annex on Article II Exemptions. From the date of entry into force of the WTO
Agreement and until the end of the period referred to above, exemptions listed in the Annex on Article II Exemptions
which are conditional upon the level of commitments undertaken by other participants or upon exemptions by other
participants will not be applied.
2. The Committee on Trade in Financial Services shall monitor the progress of any negotiations undertaken under
the terms of this Decision and shall report thereon to the Council for Trade in Services no later than four months
after the date of entry into force of the WTO Agreement.
Ministers,
Noting that commitments scheduled by participants on maritime transport services at the conclusion of the
Uruguay Round shall enter into force on an MFN basis at the same time as the Agreement Establishing the World
Trade Organization (hereinafter referred to as the "WTO Agreement"),
Decide as follows:
1. Negotiations shall be entered into on a voluntary basis in the sector of maritime transport services within the
framework of the General Agreement on Trade in Services. The negotiations shall be comprehensive in scope, aiming
at commitments in international shipping, auxiliary services and access to and use of port facilities, leading to the
elimination of restrictions within a fixed time scale.
2. A Negotiating Group on Maritime Transport Services (hereinafter referred to as the "NGMTS") is established
to carry out this mandate. The NGMTS shall report periodically on the progress of these negotiations.
3. The negotiations in the NGMTS shall be open to ail governments and the European Communities which announce
their intention to participate. To date, the following have announced their intention to take part in the negotiations:
Argentina, Canada, European Communities and their member States, Finland, Hong Kong, Iceland, Indonesia,
Korea, Malaysia, Mexico, New Zealand, Norway, Philippines, Poland, Romania, Singapore, Sweden,
Switzerland, Thailand, Turkey, United States.
Further notifications of intention to participate shall be addressed to the depositary of the WTO Agreement.
4. The NGMTS shall hold its first negotiating session no later than 16 May 1994. It shall conclude these
negotiations and make a final report no later than June 1996. The final report of the NGMTS shall include a date
for the implementation of results of these negotiations.
5. Until the conclusion of the negotiations Article II and paragraphs 1 and 2 of the Annex on Article II Exemptions
are suspended in their application to this sector, and it is not necessary to list MFN exemptions. At the conclusion
of the negotiations, Members shall be free to improve, modify or withdraw any commitments made in this sector
during the Uruguay Round without offering compensation, notwithstanding the provisions of Article XXI of the
Agreement. At the same time Members shall finalize their positions relating to MFN exemptions in this sector,
notwithstanding the provisions of the Annex on Article II Exemptions. Should negotiations not succeed, the Council
for Trade in Services shall decide whether to continue the negotiations in accordance with this mandate.
6. Any commitments resulting from the negotiations, including the date of their entry into force, shall be inscribed
in the Schedules annexed to the General Agreement on Trade in Services and be subject to all the provisions of the
Agreement.
7. Commencing immediately and continuing until the implementation date to be determined under paragraph 4,
it is understood that participants shall not apply any measure affecting trade in maritime transport services except
in response to measures applied by other countries and with a view to maintaining or improving the freedom of provision
of maritime transport services, nor in such a manner as would improve their negotiating position and leverage.
8. The implementation of paragraph 7 shall be subject to surveillance in the NGMTS. Any participant may bring
to the attention of the NGMTS any action or omission which it believes to be relevant to the fulfilment of paragraph
7. Such notifications shall be deemed to have been submitted to the NGMTS upon their receipt by the Secretariat.
1. Negotiations shall be entered into on a voluntary basis with a view to the progressive liberalization of trade
in telecommunications transport networks and services (hereinafter referred to as "basic telecommunications") within
the framework of the General Agreement on Trade in Services.
2. Without prejudice to their outcome, the negotiations shall be comprehensive in scope, with no basic
telecommunications excluded a priori.
4. The negotiations in the NGBT shall be open to all governments and the European Communities which announce
their intention to participate. To date, the following have announced their intention to take part in the negotiations:
Australia, Austria, Canada, Chile, Cyprus, European Communities and their member States, Finland, Hong
Kong, Hungary, Japan, Korea, Mexico, New Zealand, Norway, Slovak Republic, Sweden, Switzerland, Turkey,
United States.
Further notifications of intention to participate shall be addressed to the depositary of the Agreement Establishing
the World Trade Organization.
5. The NGBT shall hold its first negotiating session no later than 16May 1994. It shall conclude these negotiations
and make a final report no later than 30 April 1996. The final report of the NGBT shall include a date for the
implementation of results of these negotiations.
6. Any commitments resulting from the negotiations, including the date of their entry into force, shall be inscribed
in the Schedules annexed to the General Agreement on Trade in Services and shall be subject to all the provisions
of the Agreement.
7. Commencing immediately and continuing until the implementation date to be determined under paragraph 5,
it is understood that no participant shall apply any measure affecting trade in basic telecommunications in such a manner
as would improve its negotiating position and leverage. It is understood that this provision shall not prevent the pursuit
of commercial and governmental arrangements regarding the provision of basic telecommunications services.
8. The implementation of paragraph 7 shall be subject to surveillance in the NGBT. Any participant may bring
to the attention of the NGBT any action or omission which it believes to be relevant to the fulfilment of paragraph 7.
Such notifications shall be deemed to have been submitted to the NGBT upon their receipt by the Secretariat.
Ministers decide to recommend that the Council for Trade in Services at its first meeting adopt the decision
set out below.
Recognizing the impact of regulatory measures relating to professional qualifications, technical standards and
licensing on the expansion of trade in professional services;
Desiring to establish multilateral disciplines with a view to ensuring that, when specific commitments are
undertaken, such regulatory measures do not constitute unnecessary barriers to the supply of professional services;
Decides as follows:
1. The work programme foreseen in paragraph 4 of Article VI on Domestic Regulation should be put into effect
immediately. To this end, a Working Party on Professional Services shal! be established to examine and report, with
recommendations, on the disciplines necessary to ensure that measures relating to qualification requirements and
procedures, technical standards and licensing requirements in the field of professional services do not constitute
unnecessary barriers to trade.
2. As a matter of priority, the Working Party shall make recommendations for the elaboration of multilateral
disciplines in the accountancy sector, so as to give operational effect to specific commitments. In making these
recommendations, the Working Party shall concentrate on:
(a) developing multilateral disciplines relating to market access so as to ensure that domestic regulatory
requirements are: (i) based on objective and transparent criteria, such as competence and the ability
to supply the service; (ii) not more burdensome than necessary to ensure the quality of the service,
thereby facilitating the effective liberalization of accountancy services;
(b) the use of international standards and, in doing so, it shall encourage the cooperation with the relevant
international organizations as defined under paragraph 5(b) of Article VI, so as to give full effect
to paragraph 5 of Article VII;
(c) facilitating the effective application of paragraph 6 of Article VI of the Agreement by establishing
guidelines for the recognition of qualifications.
In elaborating these disciplines, the Working Party shall take account of the importance of the governmental and non
governmental bodies regulating professional services.
1. Ministers invite the Committee on Government Procurement established under the Agreement on Government
Procurement in Annex 4(b) of the Agreement Establishing the World Trade Organization to clarify that:
(a) a Member interested in accession according to paragraph 2 of Article XXIV of the Agreement on
Government Procurement would communicate its interest to the Director-General of the WTO,
submitting relevant information, including a coverage offer for incorporation in Appendix I having
regard to the relevant provisions of the Agreement, in particular Article I and, where appropriate,
Article V;
(c) the Member interested in accession would hold consultations with the Parties on the terms for its
accession to the Agreement;
(d) with a view to facilitating accession, the Committee would establish a working party if the Member
in question, or any of the Parties to the Agreement, so requests. The working party should examine:
(/') the coverage offer made by the applicant Member; and (ii) relevant information pertaining
to export opportunities in the markets of the Parties, taking into account the existing and potential
export capabilities of the applicant Member and export opportunities for the Parties in the market
of the applicant Member;
(e) upon a decision by the Committee agreeing to the terms of accession including the coverage lists
of the acceding Member, the acceding Member would deposit with the Director-General of the WTO
an instrument of accession which states the terms so agreed. The acceding Member's coverage lists
in English, French and Spanish would be appended to the Agreement;
(f) prior to the date of entry into force of the WTO Agreement, the above procedures would apply mutatis
mutandis to contracting parties to the GATT 1947 interested in accession, and the tasks assigned
to the Director-General of the WTO would be carried out by the Director-General to the
CONTRACTING PARTIES to the GATT 1947.
2. It is noted that Committee decisions are arrived at on the basis of consensus. It is also noted that the non-
application clause of paragraph 11 of Article XXIV is available to any Party.
Ministers,
Recalling the Decision of 22 February 1994 that existing rules and procedures of GATT 1947 in the field
of dispute settlement shall remain in effect until the date of entry into force of the Agreement Establishing the World
Trade Organization,
Invite the relevant Councils and Committees to decide that they shall remain in operation for the purpose of
dealing with any dispute for which the request for consultation was made before that date;
Invite the Ministerial Conference to complete a rull review of dispute settlement rules and procedures under
the World Trade Organization within four years after the entry into force of the Agreement Establishing the World
Trade Organization, and to take a decision on the occasion of its first meeting after the completion of the review,
whether to continue, modify or terminate such dispute settlement rules and procedures.
Participants in the Uruguay Round have been enabled to take on specific commitments with respect to financial
services under the General Agreement on Trade in Services (hereinafter referred to as the "Agreement") on the basis
of an alternative approach to that covered by the provisions of Part III of the Agreement. It was agreed that this approach
could be applied subject to the following understanding:
(ii) it does not prejudice the right of any Member to schedule its specific commitments in accordance
with the approach under Part III of the Agreement;
(iv) no presumption has been created as to the degree of liberalization to which a Member is committing
itself under the Agreement.
Interested Members, on the basis of negotiations, and subject to conditions and qualifications where specified,
have inscribed in their schedule specific commitments conforming to the approach set out below.
A. Standstill
Any conditions, limitations and qualifications to the commitments noted below shall be limited to existing
non-conforming measures.
B. Market Access
Monopoly Rights
Each Member shall list in its schedule pertaining to financial services existing monopoly rights and shall
endeavour to eliminate them or reduce their scope. Notwithstanding subparagraph l(b) of the Annex on Financial
Services, this paragraph applies to the activities referred to in subparagraph l(b)(iii) of the Annex.
2. Notwithstanding Article XIII of the Agreement, each Member shall ensure that financial service suppliers
of any other Member established in its territory are accorded most-favoured-nation treatment and national treatment
as regards the purchase or acquisition of financial services by public entities of the Member in its territory.
Cross-border Trade
3. Each Member shall permit non-resident suppliers of financial services to supply, as a principal, through an
intermediary or as an intermediary, and under terms and conditions that accord national treatment, the following services:
(i) maritime shipping and commercial aviation and space launching and freight (including satellites),
with such insurance to cover any or all of the following: the goods being transported, the vehicle
transporting the goods and any liability arising therefrom; and
(b) reinsurance and retrocession and the services auxiliary to insurance as referred to in subparagraph 5(a)(iv)
of the Annex;
(c) provision and transfer of financial information and financial data processing as referred to in
subparagraph 5(a)(xv) of the Annex and advisory and other auxiliary services, excluding intermediation, relating
to banking and other financial services as referred to in subparagraph 5(a)(xvi) of the Annex.
4. Each Member shall permit its residents to purchase in the territory of any other Member the financial services
indicated in:
Commercial Presence
5. Each Member shall grant financial service suppliers of any other Member the right to establish or expand
within its territory, including through the acquisition of existing enterprises, a commercial presence.
6. A Member may impose terms, conditions and procedures for authorization of the establishment and expansion
of a commercial presence in so far as they do not circumvent the Member's obligation under paragraph 5 and they
are consistent with the other obligations of the Agreement.
1. A Member shall permit financial service suppliers of any other Member established in its territory to offer
in its territory any new financial service.
8. No Member shall take measures that prevent transfers of information or the processing of financial information,
including transfers of data by electronic means, or that, subject to importation rules consistent with international
agreements, prevent transfers of equipment, where such transfers of information, processing of financial information
or transfers of equipment are necessary for the conduct of the ordinary business of a financial service supplier. Nothing
in this paragraph restricts the right of a Member to protect personal data, personal privacy and the confidentiality
of individual records and accounts so long as such right is not used to circumvent the provisions of the Agreement.
9. (a) Each Member shall permit temporary entry into its territory of the following personnel of a financial sen-ice
supplier of any other Member that is establishing or has established a commercial presence in the territory
of the Member:
(i) senior managerial personnel possessing proprietary information essential to the establishment, control
and operation of the services of the financial service supplier; and
(b) Each Member shall permit, subject to the availability of qualified personnel in its territory, temporary entry
into its territory of the following personnel associated with a commercial presence of a financial service supplier
of any other Member:
(i) specialists in computer services, telecommunication services and accounts of the financial service
supplier; and
Non-discriminatory Measures
10. Each Member shall endeavour to remove or to limit any significant adverse effects on financial service suppliers
of any other Member of:
(a) non-discriminatory measures that prevent financial service suppliers from offering in the Member's territory,
in the form determined by the Member, all the financial services permitted by the Member;
(b) non-discriminatory measures that limit the expansion of the activities of financial service suppliers into the
entire territory of the Member;
(c) measures of a Member, when such a Member applies the same measures to the supply of both banking and
securities services, and a financial service supplier of any other Member concentrates its activities in the
provision of securities services; and
(d) other measures that, although respecting the provisions of the Agreement, affect adversely the ability of financial
service suppliers of any other Member to operate, compete or enter the Member's market;
provided that any action taken under this paragraph would not unfairly discriminate against financial service suppliers
of the Member taking such action.
11. With respect to the non-discriminatory measures referred to in subparagraphs 10(a) and (b), a Member shall
endeavour not to limit or restrict the present degree of market opportunities nor the benefits already enjoyed by financial
service suppliers of all other Members as a class in the territory of the Member, provided that this commitment does
not result in unfair discrimination against financial service suppliers of the Member applying such measures.
C. National Treatment
1. Under terms and conditions that accord national treatment, each Member shall grant to financial service suppliers
of any other Member established in its territory access to payment and clearing systems operated by public entities,
and to official funding and refinancing facilities available in the normal course of ordinary business. This paragraph
is not intended to confer access to the Member's lender of last resort facilities.
2. When membership or participation in, or access to, any self-regulatory body, securities or futures exchange
or market, clearing agency, or any other organization or association, is required by a Member in order for financial
service suppliers of any other Member to supply financial services on an equal basis with financial service suppliers
of the Member, or when the Member provides directly or indirectly such entities, privileges or advantages in supplying
financial services, the Member shall ensure that such entities accord national treatment to financial service suppliers
of any other Member resident in the territory of the Member.
D. Definitions
1. A non-resident supplier of financial services is a financial service supplier of a Member which supplies a financial
service into the territory of another Member from an establishment located in the territory of another Member, regardless
of whether such a financial service supplier has or has not a commercial presence in the territory of the Member in
which the financial service is supplied.
2. "Commercial presence" means an enterprise within a Member's territory for the supply of financial services
and includes wholly- or partly-owned subsidiaries, joint ventures, partnerships, sole proprietorships, franchising
operations, branches, agencies, representative offices or other organizations.
3. A new financial service is a service of a financial nature, including services related to existing and new products
or the manner in which a product is delivered, that is not supplied by any financial service supplier in the territory
of a particular Member but which is supplied in the territory of another Member.
which becomes a contracting party tc the GATT 1947 between 15 April 1994 and the date of entry into force
of the WTO Agreement
may submit to the Preparatory Committee for its examination and approval a schedule of concessions and
commitments to GATT 1994 and a schedule of specific commitments to the GATS.
(b) The WTO Agreement shall be open for acceptance in accordance with Article XIV of that Agreement
by contracting parties to GATT 1947 the schedules of which have been so submitted and approved before
the entry into force of the WTO Agreement.
(c) The provisions of subparagraphs (a) and (b) of this paragraph shall be without prejudice to the right
of the least-developed countries to submit their schedules within one year from 15 April 1994.
2. (a) Any State or separate customs territory may request the Preparatory Committee to propose for approval
by the Ministerial Conference of the WTO the terms of its accession to the WTO Agreement in accordance
with Article XII of that Agreement. If such a request is made by a State or separate customs territory which
is in the process of acceding to G ATT 1947, the Preparatory Committee shall, to the extent practicable, examine
the request jointly with the Working Party established by the CONTRACTING PARTIES to GATT 1947
to examine the accession of that State or separate customs territory.
(b) The Preparatory Committee shall submit to the Ministerial Conference a report on its examination
of the request. The report may include a protocol of accession, including a schedule of concessions and
commitments to GATT 1994 and a schedule of specific commitments for the GATS, for approval by the
Ministerial Conference. The report of the Preparatory Committee shall be taken into account by the Ministerial
Conference in its consideration of any application by the State or separate customs territory concerned to accede
to the WTO Agreement.
Ministers, meeting on the occasion of signing the Final Act embodying the results of the Uruguay Round of Multilateral
Trade Negotiations at Marrakesh on 15 April 1994,
tfeca//m£thepreambleof the Agreement establishing the World Trade Organization (WTO), which states that members'
"relations in the field of trade and economic endeavour should be conducted with a view to raising standards of living,
ensuring full employment and a large and steadily growing volume of real income and effective demand, and expanding
the production of and trade in goods and services, while allowing for the optimal use of the world's resources in
accordance with the objective of sustainable development, seeking both to protect and preserve the environment and
to enhance the means for doing so in a manner consistent with their respective needs and concerns at different levels
of economic development,"
Noting:
— the Rio Declaration on Environment and Development, Agenda 21, and its follow-up in GATT, as reflected
in the statement of the Chairman of the Council of Representatives to the CONTRACTING PARTIES at their
48th Session in December 1992, as well as the work of the Group on Environmental Measures and International
Trade, the Committee on Trade and Development, and the Council of Representatives;
— the work programme envisaged in the Decision on Trade in Services and the Environment; and
— the relevant provisions of the Agreement on Trade-Related Aspects of Intellectual Property Rights,
Considering that there should not be, nor need be, any policy contradiction between upholding and safeguarding an
open, non-discriminatory and equitable multilateral trading system on the one hand, and acting for the protection of
the environment, and the promotion of sustainable development on the other,
Desiring to coordinate the policies in the field of trade and environment, and this without exceeding the competence
of the multilateral trading system, which is limited to trade policies and those trade-related aspects of environmental
policies which may result in significant trade effects for its members,
Decide:
— to direct the first meeting of the General Council of the WTO to establish a Committee on Trade and Environment
open to all members of the WTO to report to the first biennial meeting of the Ministerial Conference after the entry
into force of the WTO when the work and terms of reference of the Committee will be reviewed, in the light of
recommendations of the Committee,
— that the TNC Decision of 15 December 1993 which reads, in part, as follows:
"(a) to identify the relationship between trade measures and environmental measures, in order to promote
sustainable development;
(b) to make appropriate recommendations on whether any modifications of the provisions of the
multilateral trading system are required, compatible with the open, equitable and non-discriminatory
nature of the system, as regards, in particular:
— the need for rules to enhance positive interaction between trade and environmental measures, for
the promotion of sustainable development, with special consideration to the needs of developing
countries, in particular those of the least developed among them; and
— the avoidance of protectionist trade measures, and the adherence to effective multilateral disciplines
to ensure responsiveness of the multilateral trading system to environmental objectives set forth in
Agenda 21 and the Rio Declaration, in particular Principle 12; and
constitutes, along with the preambular language above, the terms of reference of the Committee on Trade
and Environment,
— that, within these terms of reference, and with the aim of making international trade and environmental policies
mutually supportive, the Committee will initially address the following matters, in relation to which any relevant issue
may be raised:
— the relationship between the provisions of the multilateral trading system and trade measures for
environmental purposes, including those pursuant to multilateral environmental agreements;
— the relationship between environmental policies relevant to trade and environmental measures with
significant trade effects and the provisions of the multilateral trading system;
— the relationship between the provisions of the multilateral trading system and:
(b) requirements for environmental purposes relating to products, including standards and technical
regulations, packaging, labelling and recycling;
— the provisions of the multilateral trading system with respect to the transparency of trade measures
used for environmental purposes and environmental measures and requirements which have signi ficant
trade effects;
— the relationship between the dispute settlement mechanisms in the multilateral trading system and
those found in multilateral environmental agreements;
— that the Committee on Trade and Environment will consider the work programme envisaged in the Decision
on Trade in Services and the Environment and the relevant provisions of the Agreement on Trade-Related Aspects
of Intellectual Property Rights as an integral part of its work, within the above terms of reference,
— that, pending the first meeting of the General Council of the WTO, the work of the Committee on Trade and
Environment should be carried out by a Sub-Committee of the Preparatory Committee of the World Trade Organization
(PCWTO), open to all members of the PCWTO,
— to invite the Sub-Committee of the Preparatory Committee, and the Committee on Trade and Environment
when it is established, to provide input to the relevant bodies in respect of appropriate arrangements for relations with
inter-governmental and non-governmental organizations referred to in Article V of the WTO.
Ministers,
Recognizing the importance of the rôle and contribution to international trade of the World Trade Organization
(hereinafter referred to as the WTO),
Recognizing that implementation of the results of the Uruguay Round will expand the scope and complexity
of the duties of the Secretariat and that the resource implications thereof need to be studied,
Recalling the statements made by previous Chairmen of the GATT CONTRACTING PARTIES and the GATT
Council drawing attention to the need to improve the terms and conditions of service, including salaries and pensions,
for the professional staff of the Secretariat,
Mindful of the need for the WTO to be competitive in the conditions of service it will offer to its professional
staff so as to attract the required expertise,
Noting the proposal of the Director-General that, in setting WTO staff conditions of services, including salaries
and pensions, due account be taken of those of the International Monetary Fund and the World Bank,
Noting Article VI of the Agreement establishing the WTO, in particular paragraph 3 thereof empowering the
Director-General to appoint the staff of the Secretariat to determine their duties and conditions of service in accordance
with regulations adopted by the Ministerial Conference,
Recalling that the mandate of the Preparatory Committee requires it to perform such functions as may be
necessary to ensure the efficient operation of the WTO immediately as of the date of its establishment, including the
preparation of recommendations for the consideration of the competent body of the WTO, or to the extent necessary,
the taking of decisions or, as appropriate, provisional decisions with respect to administrative, budgetary and financial
matters assisted by proposals from the Secretariat,
Hereby agree that the Preparatory Committee shall consider the organizational changes, resource requirements
and staff conditions of service proposed in connection with the establishment of the WTO and the implementation
of the Uruguay Round agreements and prepare recommendations and take decisions, to the extent necessary, on the
adjustments required.
Ministers,
Having regard to the Agreement Establishing the World Trade Organization (hereinafter referred to as "WTO
Agreement" and "WTO"), and
Mindful of the desirability of ensuring an orderly transition to the WTO and the efficient operation of the WTO
as of the date of entry into force,
1. A Preparatory Committee for the WTO (hereinafter referred to as "Committee") is hereby established. Mr. P.D.
Sutherland in his persona! capacity is appointed Chairman of the Committee.
2. The Committee shall be open for membership to all Signatories of the Final Act of the Uruguay Round of
Multilateral Trade Negotiations and to any contracting party eligible to become an original member of the WTO in
accordance with Article XI of the WTO Agreement.
3. A Sub-Committee on Budget, Finance and Administration, to be chaired by the Chairman of the GATT
CONTRACTING PARTIES, and a Sub-Committee on Services responsible for preparatory work on GATS matters
are also established. The Committee may establish additional sub-committees as appropriate. Membership of the Sub-
Committees shall be open to all members of the Committee. The Committee shall establish its own procedures and
those of its sub-committees.
5. Only those members of the Committee that are G ATT contracting parties eligible to become original Members
of the WTO in accordance with Articles XI and XIV of the WTO Agreement may participate in the decision-making
of the Committee.
6. The Committee and its sub-committees shall be serviced by the GATT Secretariat.
7. The Committee shall cease to exist upon the entry into force of the WTO Agreement, at which time it will
forward its records and recommendations to the WTO.
8. The Committee shall perform such functions as may be necessary to ensure the efficient operation of the WTO
immediately as of the date of its establishment, including the functions set out below:
To prepare recommendations for the consideration of the competent body of the WTO, or, to the
extent necessary, take decisions or, as appropriate, provisional decisions in advance of the
establishment of the WTO, with respect to the recommendations submitted to it by the Chairman
of the Sub-Committee on Budget, Finance and Administration referred to in paragragh 3 above,
in cooperation with the Chairman of the GATT Committee on Budget, Finance and Administration,
assisted by proposals from the Secretariat on:
the headquarters agreement provided for in Article VIII:5 of the WTO Agreement;
(iii) the budget estimates for the first year of operation of the WTO;
the transfer of the property, including financial assets, of the ICITO/GATT to the WTO;
the transfer and the terms and conditions of the transfer of the GATT staff to the WTO Secretariat;
and
(vi) the relationship between the International Trade Centre and the WTO.
(i) To carry out the examination of and approve the schedules submitted to it in accordance with the
"Decision on Acceptance of and Accession to the Agreement Establishing the World Trade
Organization" and to propose terms of accession in accordance with paragraph 2 of that Decision;
(ii) To make proposals concerning terms of reference for the bodies of the WTO, in particular those
established in Article IV of the WTO Agreement, and the rules of procedure which they are called
upon to establish for themselves, bearing in mind paragraph 1 of Article XVI;
(iii) To make recommendations to the General Council of the WTO concerning the appropriate
arrangements with respect to relations with other organizations referred to in Article V of the WTO
Agreement; and
(c) Matters related to the entry into force of the WTO Agreement and to the activities of the WTO within
its scope and functions:
To initiate the work programme arising from the Uruguay Round results as set out in the Final Act,
such as overseeing, in the Sub-Committee on Services referred to in paragragh 3 above, negotiations
in specific services sectors, and also to undertake work resulting from Decisions of the Marrakesh
meeting;
To discuss suggestions for the inclusion of additional items on the agenda of the WTO's work
programme;
To make proposals concerning the composition of the Textiles Monitoring Body in accordance with
the criteria set out in Article 8 of the Agreement on Textiles and Clothing; and
To convene the first meeting of the Ministerial Conference or the General Council of the WTO,
whichever meets first, and to prepare the provisional agenda thereof.
Recognizing that their relations in the field of trade and economic endeavour should be conducted
with a view to raising standards of living, ensuring full employment and a large and steadily growing
volume of real income and effective demand, and expanding the production of and trade in goods and
services, while allowing for the optimal use of the world's resources in accordance with the objective
of sustainable development, seeking both to protect and preserve the environment and to enhance the
means for doing so in a manner consistent with their respective needs and concerns at different levels
of economic development,
Recognizing further that there is need for positive efforts designed to ensure that developing
countries, and especially the least developed among them, secure a share in the growth in international
trade commensurate with the needs of their economic development,
Being desirous of contributing to these objectives by entering into reciprocal and mutually
advantageous arrangements directed to the substantial reduction of tariffs and other barriers to trade
and to the elimination of discriminatory treatment in international trade relations,
1 The above Agreement and the Multilateral Trade Agreements annexed hereto came into force in respect of the
following Contracting Parties to the General Agreement on Tariffs and Trade of 1947 and the European Communities,
which were eligible to become original Members of the World Trade Organization, on 1 January 1995, i.e., the date
determined by the Ministers of all participants in the Uruguay Round of Multilateral Trade Negotiations, in accordance
with article XIV (1):
Date of deposit Date of deposit
of the instrument of the instrument
of ratification, of ratification,
-accession (a), acceptance (A), accession (a), acceptance (A),
approval (AA) or date approval (AA) or date
Participant of definitive signature (s) Participant of definitive signature (s)
Antigua and Barbuda . . 15 April 1994s Guyana ..................... 15 April 1994s
Argentina .......... . 29 December 1994 Honduras* .................. 16 December 1994
Australia* .......... . 21 December 1994A Hong Kong .................. 3 October 1994A
Austria* ............ . 6 December 1994 Hungary .................... 28 December 1994
Bahrain ............ . 27 July 1994 Iceland ...................... 30 December 1994
Bangladesh* ........ . 15 April 1994s India ........................ 30 December 1994
Barbados ........... . 15 April 1994s Indonesia* ................... 2 December 1994
Belgium ............ . 30 December 1994 Ireland ...................... 30 December 1994
Belize .............. . 15 April 1994s Italy ........................ 30 December 1994
Brazil* ............. . 21 December 1994 Japan ....................... 27 December 1994A
Brunei Darussalam . . . . 16 November 1994 Kenya* ..................... 23 December 1994
Canada* ............ . 30 December 1994 Kuwait ...................... 15 April 1994s
Chile* .............. . 28 December 1994A Luxembourg ................. 30 December 1994
Costa Rica* ........ . 26 December 1994A Macau ...................... 23 December 1994A
Côte d'Ivoire* ....... . 29 December 1994 Malaysia* ................... 6 September 1994A
Czech Republic ...... . 23 December 1994AA Malta* ...................... 22 December 1994
Denmark ........... . 30 December 1994 Mauritius* ................... 15 April 1994s
Dominica ........... . 22 December 1994s Mexico ...................... 31 August 1994
European Community . 30 December 1994AA Morocco .................... 15 April 1994s
Finland ............ . 30 December 1994 Myanmar* ................... 29 November 1994A
France ............. . 30 December 1994 Namibia ..................... 15 April 1994s
Gabon* ............ . 15 April 1994s Netherlands ................. 30 December 1994A
Germany ........... . 30 December 1994 (For the Kingdom in Europe
Ghana* ............ . 23 December 1994 and the Netherlands Antilles.)
Greece ............. . 30 December 1994A New Zealand* ............... 7 December 1994
(Continued on page 155)
Resolved, therefore, to develop an integrated, more viable and durable multilateral trading system
encompassing the General Agreement on Tariffs and Trade, the results of past trade liberalization efforts,
and all of the results of the Uruguay Round of Multilateral Trade Negotiations,
Determined to preserve the basic principles and to further the objectives underlying this
multilateral trading system,
Agree as follows:
Article I
The World Trade Organization (hereinafter referred to as "the WTO") is hereby established.
Article II
1. The WTO shall provide the common institutional framework for the conduct of trade relations
among its Members in matters related to the agreements and associated legal instruments included in
the Annexes to this Agreement.
2. The agreements and associated legal instruments included in Annexes 1, 2 and 3 (hereinafter
referred to as "Multilateral Trade Agreements") are integral parts of this Agreement, binding on all
Members.
3. The agreements and associated legal instruments included in Annex 4 (hereinafter referred
to as "Plurilateral Trade Agreements") are also part of this Agreement for those Members that have
accepted them, and are binding on those Members. The Plurilateral Trade Agreements do not create
either obligations or rights for Members that have not accepted them.
4. The General Agreement on Tariffs and Trade 1994 as specified in Annex 1A (hereinafter referred
to as "GATT 1994") is legally distinct from the General Agreement on Tariffs and Trade, dated
30 October 1947, annexed to die Final Act Adopted at the Conclusion of the Second Session of the
Preparatory Committee of the United Nations Conference on Trade and Employment, as subsequently
rectified, amended or modified (hereinafter referred to as "GATT 1947").
Article III
1. The WTO shall facilitate the implementation, administration and operation, and further the
objectives, of this Agreement and of the Multilateral Trade Agreements, and shall also provide the
framework for the implementation, administration and operation of the Plurilateral Trade Agreements.
2. The WTO shall provide the forum for negotiations among its Members concerning their
multilateral trade relations in matters dealt with under the agreements in the Annexes to this Agreement.
The WTO may also provide a forum for further negotiations among its Members concerning their
multilateral trade relations, and a framework for the implementation of the results of such negotiations,
as may be decided by the Ministerial Conference.
3. The WTO shall administer the Understanding on Rules and Procedures Governing the Settlement
of Disputes (hereinafter referred to as the "Dispute Settlement Understanding" or "DSU") in Annex 2
to this Agreement.
4. The WTO shall administer the Trade Policy Review Mechanism (hereinafter referred to as
the "TPRM") provided for in Annex 3 to this Agreement.
5. With a view to achieving greater coherence in global economic policy-making, the WTO shall
cooperate, as appropriate, with the International Monetary Fund and with the International Bank for
Reconstruction and Development and its affiliated agencies.
Article IV
1. There shall be a Ministerial Conference composed of representatives of all the Members, which
shall meet at least once every two years. The Ministerial Conference shall carry out the functions
of the WTO and take actions necessary to this effect. The Ministerial Conference shall have the authority
to take decisions on all matters under any of the Multilateral Trade Agreements, if so requested by
a Member, in accordance with the specific requirements for decision-making in this Agreement and
in the relevant Multilateral Trade Agreement.
2. There shall be a General Council composed of representatives of all the Members, which shall
meet as appropriate. In the intervals between meetings of the Ministerial Conference, its functions
shall be conducted by the General Council. The General Council shall also carry out the functions
assigned to it by this Agreement. The General Council shall establish its rules of procedure and approve
the rules of procedure for the Committees provided for in paragraph 7.
3. The General Council shall convene as appropriate to discharge the responsibil ities of the Dispute
Settlement Body provided for in the Dispute Settlement Understanding. The Dispute Settlement Body
may have its own chairman and shall establish such rules of procedure as it deems necessary for the
fulfilment of those responsibilities.
4. The General Council shall convene as appropriate to discharge the responsibilities of the Trade
Policy Review Body provided for in the TPRM. The Trade Policy Review Body may have its own
chairman and shall establish such rules of procedure as it deems necessary for the fulfilment of those
responsibilities.
5. There shall be a Council for Trade in Goods, a Council for Trade in Services and a Council
for Trade-Related Aspects of Intellectual Property Rights (hereinafter referred to as the "Council for
TRIPS"), which shall operate under the general guidance of the General Council. The Council for
Trade in Goods shall oversee the functioning of the Multilateral Trade Agreements in Annex 1A. The
Council for Trade in Services shall oversee the functioning of the General Agreement on Trade in
Services (hereinafter referred to as "GATS"). The Council for TRIPS shall oversee the functioning
of the Agreement on Trade-Related Aspects of Intellectual Property Rights (hereinafter referred to
as the "Agreement on TRIPS"). These Councils shall carry out the functions assigned to them by their
respective agreements and by the General Council. They shall establish their respective rules of
procedure subject to the approval of the General Council. Membership in these Councils shall be open
to representatives of all Members. These Councils shall meet as necessary to carry out their functions.
6. The Council for Trade in Goods, the Council for Trade in Services and the Council for TRIPS
shall establish subsidiary bodies as required. These subsidiary bodies shall establish their respective
rules of procedure subject to the approval of their respective Councils.
7. The Ministerial Conference shall establish a Committee on Trade and Development, a Committee
on Balance-of-Payments Restrictions and a Committee on Budget, Finance and Administration, which
shall carry out the functions assigned to them by this Agreement and by the Multilateral Trade
Agreements, and any additional functions assigned to them by the General Council, and may establish
such additional Committees with such functions as it may deem appropriate. As part of its functions,
the Committee on Trade and Development shall periodically review the special provisions in the
Multilateral Trade Agreements in favour of the least-developed country Members and report to the
General Council for appropriate action. Membership in these Committees shall be open to representatives
of all Members.
8. The bodies provided for under the Plurilateral Trade Agreements shall carry out the functions
assigned to them under those Agreements and shall operate within the institutional framework of the
WTO. These bodies shall keep the General Council informed of their activities on a regular basis.
Article V
1. The General Council shall make appropriate arrangements for effective cooperation with other
intergovernmental organizations that have responsibilities related to those of the WTO.
2. The General Council may make appropriate arrangements for consultation and cooperation
with non-governmental organizations concerned with matters related to those of the WTO.
Article VI
The Secrétariat
1. There shall be a Secretariat of the WTO (hereinafter referred to as "the Secretariat") headed
by a Director-General.
2. The Ministerial Conference shall appoint the Director-General and adopt regulations setting
out the powers, duties, conditions of service and term of office of the Director-General.
3. The Director-General shall appoint the members of the staff of the Secretariat and determine
their duties and conditions of service in accordance with regulations adopted by the Ministerial
Conference.
4. The responsibilities ofthe Director-General and of the staff of the Secretariat shall be exclusively
international in character. In the discharge of their duties, the Director-Genera! and the staff of the
Secretariat shall not seek or accept instructions from any government or any other authority external
to the WTO. They shall refrain from any action which might adversely reflect on their position as
international officials. The Members of the WTO shall respect the international character of the
responsibilities of the Director-General and of the staff of the Secretariat and shall not seek to influence
them in the discharge of their duties.
Article VII
1. The Director-General shall present to the Committee on Budget, Finance and Administration
the annual budget estimate and financial statement of the WTO. The Committee on Budget, Finance
and Administration shall review the annual budget estimate and the financial statement presented by
the Director-General and make recommendations thereon to the General Council. The annual budget
estimate shall be subject to approval by the General Council.
2. The Committee on Budget, Finance and Administration shall propose to the General Council
financial regulations which shall include provisions setting out:
(a) the scale of contributions apportioning the expenses of the WTO among its Members;
and
The financial regulations shall be based, as far as practicable, on the regulations and practices of
GATT 1947.
3. The General Council shall adopt the financial regulations and the annual budget estimate by
a two-thirds majority comprising more than half of the Members of the WTO.
4. Each Member shall promptly contribute to the WTO its share in the expenses of the WTO
in accordance with the financial regulations adopted by the General Council.
Article VIII
1. The WTO shall have legal personality, and shall be accorded by each of its Members such
legal capacity as may be necessary for the exercise of its functions.
2. The WTO shall be accorded by each of its Members such privileges and immunities as are
necessary for the exercise of its functions.
3. The officiais of the WTO and the representatives of the Members shall similarly be accorded
by each of its Members such privileges and immunities as are necessary for the independent exercise
of their functions in connection with the WTO.
4. The privileges and immunities to be accorded by a Member to the WTO, its officials, and the
representatives of its Members shall be similar to the privileges and immunities stipulated in the
Convention on the Privileges and Immunities of the Specialized Agencies, approved by the General
Assembly of the United Nations on 21 November 1947*
Anlcle IX
Decision-Making
1. The WTO shall continue the practice of decision-making by consensus followed under
GATT 1947.' Except as otherwise provided, where a decision cannot be arrived at by consensus, the
matter at issue shall be decided by voting. At meetings of the Ministerial Conference and the General
Council, each Member of the WTO shall have one vote. Where the European Communities exercise
their right to vote, they shall have a number of votes equal to the number of their member States2 which
are Members of the WTO. Decisions of the Ministerial Conference and the General Council shall
be taken by a majority of the votes cast, unless otherwise provided in this Agreement or in the relevant
Multilateral Trade Agreement.3
2. The Ministerial Conference and the General Council shall have the exclusive authority to adopt
interpretations of this Agreement and of the Multilateral Trade Agreements. In the case of an
interpretation of a Multilateral Trade Agreement in Annex 1, they shall exercise their authority on
the basis of a recommendation by the Council overseeing the functioning of that Agreement. The
decision to adopt an interpretation shall be taken by a three-fourths majority of the Members. This
paragraph shall not be used in a manner that would undermine the amendment provisions in Article X.
1 The body concerned shall be deemed to have decided by consensus on a matter submitted for its consideration,
if no Member, present at the meeting when the decision is taken, formally objects to the proposed decision.
2 The number of votes of the European Communities and their member States shall in no case exceed the number
of the member States of the European Communities.
3 Decisions by the General Council when convened as the Dispute Settlement Body shall be taken only in
accordance with the provisions of paragraph 4 of Article 2 of the Dispute Settlement Understanding.
* United Nations, Treaty Series, vol. 33, p. 261. For the final and revised texts of annexes published subsequently,
see vol. 71, p. 318; vol. 79, p. 326; vol. 117, p. 386; vol. 275, p. 298; vol. 314, p. 308; vol. 323, p. 364; vol. 327, p. 326;
vol. 371, p. 266; vol. 423, p. 284; vol. 559, p. 348; vol. 645, p. 340; vol. 1057, p. 320 and vol. 1060, p. 337.
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any such decision shall be taken by three fourths" of the Members unless otherwise provided for in
this paragraph.
(a) A request for a waiver concerning this Agreement shall be submitted to the Ministerial
Conference for consideration pursuant to the practice of decision-making by consensus.
The Ministerial Conference shall establish a time-period, which shall not exceed 90 days,
to consider the request. If consensus is not reached during the time-period, any decision
to grant a waiver shall be taken by three fourths4 of the Members.
(b) A request for a waiver concerning the Multilateral Trade Agreements in Annexes 1A
or IB or 1C and their annexes shall be submitted initially to the Council for Trade
in Goods, the Council for Trade in Services or the Council for TRIPS, respectively,
for consideration during a time-period which shall not exceed 90 days. At the end
of the time-period, the relevant Council shall submit a report to the Ministerial
Conference.
4. A decision by the Ministerial Conference granting a waiver shall state the exceptional
circumstances justifying the decision, the terms and conditions governing the application of the waiver,
and the date on which the waiver shall terminate. Any waiver granted for a period of more than one
year shall be reviewed by the Ministerial Conference not later than one year after it is granted, and
thereafter annually until the waiver terminates. In each review, the Ministerial Conference shall examine
whether the exceptional circumstances justifying the waiver still exist and whether the terms and
conditions attached to the waiver have been met. The Ministerial Conference, on the basis of the annual
review, may extend, modify or terminate the waiver.
Article X
Amendments
1. Any Member of the WTO may initiate a proposal to amend the provisions of this Agreement
or the Multilateral Trade Agreements in Annex 1 by submitting such proposal to the Ministerial
Conference. The Councils listed in paragraph 5 of Article IV may also submit to the Ministerial
Conference proposals to amend the provisions of the corresponding Multilateral Trade Agreements
in Annex 1 the functioning of which they oversee. Unless the Ministerial Conference decides on a
longer period, for a period of 90 days after the proposal has been tabled formally at the Ministerial
Conference any decision by the Ministerial Conference to submit the proposed amendment to the
Members for acceptance shall be taken by consensus. Unless the provisions of paragraphs 2, 5 or
6 apply, that decision shall specify whether the provisions of paragraphs 3 or 4 shall apply. If consensus
is reached, the Ministerial Conference shall forthwith submit the proposed amendment to the Members
for acceptance. If consensus is not reached at a meeting of the Ministerial Conference within the
established period, the Ministerial Conference shall decide by a two-thirds majority of the Members
whether to submit the proposed amendment to the Members for acceptance. Except as provided in
paragraphs 2, 5 and 6, the provisions of paragraph 3 shall apply to the proposed amendment, unless
the Ministerial Conference decides by a three-fourths majority of the Members that the provisions of
paragraph 4 shall apply.
4 A decision to grant a waiver in respect of any obligation subject to a transition period or a period for staged
implementation that the requesting Member has not performed by the end of the relevant period shall be taken only
by consensus.
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2. Amendments to the provisions of this Article and to the provisions of the following Articles
shall take effect only upon acceptance by all Members:
5. Except as provided in paragraph 2 above, amendments to Parts I, II and III of GATS and the
respective annexes shall take effect for the Members that have accepted them upon acceptance by two
thirds of the Members and thereafter for each Member upon acceptance by it. The Ministerial
Conference may decide by a three-fourths majority of the Members that any amendment made effective
under the preceding provision is of such a nature that any Member which has not accepted it within
a period specified by the Ministerial Conference in each case shall be free to withdraw from the WTO
or to remain a Member with the consent of the Ministerial Conference. Amendments to Parts IV,
V and VI of GATS and the respective annexes shall take effect for all Members upon acceptance by
two thirds of the Members.
6. Notwithstanding the other provisions of this Article, amendments to the Agreement on TRIPS
meeting the requirements of paragraph 2 of Article 71 thereof may be adopted by the Ministerial
Conference without further formal acceptance process.
8. Any Member of the WTO may initiate a proposal to amend the provisions of the Multilateral
Trade Agreements in Annexes 2 and 3 by submitting such proposal to the Ministerial Conference.
The decision to approve amendments to the Multilateral Trade Agreement in Annex 2 shall be made
by consensus and these amendments shall take effect for all Members upon approval by the Ministerial
Conference. Decisions to approve amendments to the Multilateral Trade Agreement in Annex 3 shall
take effect for all Members upon approval by the Ministerial Conference.
9. The Ministerial Conference, upon the request of the Members parties to a trade agreement,
may decide exclusively by consensus to add that agreement to Annex 4. The Ministerial Conference,
upon the request of the Members parties to a Plurilateral Trade Agreement, may decide to delete that
Agreement from Annex 4.
10. Amendments to a Plurilateral Trade Agreement shail be governed by the provisions of that
Agreement.
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Anicle XI
Original Membership
1. The contracting parties to GATT 1947 as of the date of entry into force of this Agreement,
and the European Communities, which accept this Agreement and the Multilateral Trade Agreements
and for which Schedules of Concessions and Commitments are annexed to GATT 1994 and for which
Schedules of Specific Commitments are annexed to GATS shall become original Members of the WTO.
2. The least-developed countries recognized as such by the United Nations wiil only be required
to undertake commitments and concessions to the extent consistent with their individual development,
financial and trade needs or their administrative and institutional capabilities.
Article XII
Accession
1. Any State or separate customs territory possessing full autonomy in the conduct of its external
commercial relations and of the other matters provided for in this Agreement and the Multilateral Trade
Agreements may accede to this Agreement, on terms to be agreed between it and the WTO. Such
accession shall apply to this Agreement and the Multilateral Trade Agreements annexed thereto.
2. Decisions on accession shall be taken by the Ministerial Conference. The Ministerial Conference
shall approve the agreement on the terms of accession by a two-thirds majority of the Members of
the WTO.
Article XIII
1. This Agreement and the Multilateral Trade Agreements in Annexes 1 and 2 shall not apply
as between any Member and any other Member if either of the Members, at the time either becomes
a Member, does not consent to such application.
2. Paragraph 1 may be invoked between original Members of the WTO which were contracting
parties to GATT 1947 only where Article XXXV of that Agreement had been invoked earlier and was
effective as between those contracting parties at the time of entry into force for them of this Agreement.
3. Paragraph 1 shall apply between a Member and another Member which has acceded under
Article XII only if the Member not consenting to the application has so notified the Ministerial
Conference before the approval of the agreement on the terms of accession by the Ministerial Conference.
4. The Ministerial Conference may review the operation of this Article in particular cases at the
request of any Member and make appropriate recommendations.
Article XIV
1. This Agreement shall be open for acceptance, by signature or otherwise, by contracting parties
to GATT 1947, and the European Communities, which are eligible to become original Members of
the WTO in accordance with Article XI of this Agreement. Such acceptance shall apply to this
Agreement and the Multilateral Trade Agreements annexed hereto. This Agreement and the Multilateral
Trade Agreements annexed hereto shall enter into force on the date determined by Ministers in
accordance with paragraph 3 of the Final Act Embodying the Results of the Uruguay Round of
Multilateral Trade Negotiations and shall remain open for acceptance for a period of two years following
that date unless the Ministers decide otherwise. An acceptance following the entry into force of this
Agreement shall enter into force on the 30th day following the date of such acceptance.
2. A Member which accepts this Agreement after its entry into force shall implement those con
cessions and obligations in the Multilateral Trade Agreements that are to be implemented over a period
of time starting with the entry into force of this Agreement as if it had accepted this Agreement on
the date of its entry into force.
3. Until the entry into force of this Agreement, the text of this Agreement and the Multilateral
Trade Agreements shall be deposited with the Director-General to the CONTRACTING PARTIES
to GATT 1947. The Director-General shall promptly furnish a certified true copy of this-Agreement
and the Multilateral Trade Agreements, and a notification of each acceptance thereof, to each government
and the European Communities having accepted this Agreement. This Agreement and the Multilateral
Trade Agreements, and any amendments thereto, shall, upon the entry into force of this Agreement,
be deposited with the Director-General of the WTO.
4. The acceptance and entry into force of a Plurilateral Trade Agreement shall be governed by
the provisions of that Agreement. Such Agreements shall be deposited with the Director-General to
the CONTRACTING PARTIES to GATT 1947. Upon the entry into force of this Agreement, such
Agreements shall be deposited with the Director-General of the WTO.
Article XV
Withdrawal
1. Any Member may withdraw from this Agreement. Such withdrawal shall apply both to this
Agreement and the Multilateral Trade Agreements and shall take effect upon the expiration of six months
from the date on which written notice of withdrawal is received by the Director-General of the WTO.
2. Withdrawal from a Plurilateral Trade Agreement shall be governed by the provisions of that
Agreement.
Article XVI
Miscellaneous Provisions
1. Except as otherwise provided under this Agreement or the Multilateral Trade Agreements,
the WTO shall be guided by the decisions, procedures and customary practices followed by the
CONTRACTING PARTIES to GATT 1947 and the bodies established in the framework of GATT 1947.
2. To the extent practicable, the Secretariat of GATT 1947 shall become the Secretariat of the
WTO, and the Director-General to the CONTRACTING PARTIES to GATT 1947, until such time
as the Ministerial Conference has appointed a Director-General in accordance with paragraph 2 of
Article VI of this Agreement, shall serve as Director-General of the WTO.
3. In the event of a conflict between a provision of this Agreement and a provision of any of the
Multilateral Trade Agreements, the provision of this Agreement shall prevail to the extent of the conflict.
4. Each Member shall ensure the conformity of its laws, regulations and administrative procedures
with its obligations as provided in the annexed Agreements.
6. This Agreement shall be registered in accordance with the provisions of Article 102 of the
Charter of the United Nations.
DONE at Marrakesh this fifteenth day of April one thousand nine hundred and ninety-four,
in a single copy, in the English, French and Spanish languages, each text being authentic.
Explanatory Notes:
The terms "country" or "countries" as used in this Agreement and the Multilateral Trade Agreements are to be understood
to include any separate customs territory Member of the WTO.
In the case of a separate customs territory Member of the WTO, where an expression in this Agreement and the
Multilateral Trade Agreements is qualified by the term "national", such expression shall be read as pertaining to that customs
territory, unless otherwise specified.
ANNEX 1
ANNEX 1A
In the event of conflict between a provision of theGeneral Agreement on Tariffs andTrade 1994
and a provision of another agreement in Annex 1A to the Agreement Establishing the World Trade
Organization (referred to in the agreements in Annex 1A as the "WTO Agreement"), the provision
of the other agreement shall prevail to the extent of the conflict.
1. The General Agreement on Tariffs and Trade 1994 ("GATT 1994") shall consist of:
(a) the provisions in the General Agreement on Tariffs and Trade, dated 30 October 1947,
annexed to the Final Act Adopted at the Conclusion of the Second Session of the Preparatory Committee
of the United Nations Conference on Trade and Employment (excluding the Protocol of Provisional
Application), as rectified, amended or modified by the terms of legal instruments which have entered
into force before the date of entry into force of the WTO Agreement;
(b) the provisions of the legal instruments set forth below that have entered into force under
the GATT 1947 before the date of entry into force of the WTO Agreement:
(iii) decisions on waivers granted under Article XXV of GATT 1947 and still in
force on the date of entry into force of the WTO Agreement1 ;
'The waivers covered by this provision are listed in footnote 7 on pages 11 and 12 in Part II of document MTN/FA of
15 December 1993 and in MTN/FA/Corr.6 of 21 March 1994. The Ministerial Conference shall establish at its first session
a revised list of waivers covered by this provision that adds any waivers granted under GATT 1947 after 15 December 1993
and before the date of entry into force of the WTO Agreement, and deletes the waivers which will have expired by that time.
2. Explanatory Notes
(a) The references to "contracting party" in the provisions of GATT 1994 shall be deemed
to read "Member". The references to "less-developed contracting party" and "developed contracting
party" shall be deemed to read "developing country Member" and "developed country Member". The
references to "Executive Secretary" shall be deemed to read "Director-General of the WTO".
(b) The references to the CONTRACTING PARTIES acting jointly in Articles XV: 1, XV:2,
XV:8, XXXVin and the Notes Ad Article XII and XVIII; and in the provisions on special exchange
agreements in Articles XV:2, XV:3, XV:6, XV:7 and XV:9 of GATT 1994 shall be deemed to be
references to the WTO. The other functions that the provisions of GATT 1994 assign to the
CONTRACTING PARTIES acting jointly shall be allocated by the Ministerial Conference.
(c) (i) The text of GATT 1994 shall be authentic in English, French and Spanish.
(ii) The text of GATT 1994 in the French language shall be subject to the
rectifications of terms indicated in Annex A to document MTN.TNC/41.
(iii) The authentic text of GATT 1994 in the Spanish language shall be the text
in Volume IV of the Basic Instruments and Selected Documents series, subject
to the rectifications of terms indicated in Annex B to document MTN.TNC/41.
3. (a) The provisions of Part II of GATT 1994 shall not apply to measures taken by a Member
under specific mandatory legislation, enacted by that Member before it became a contracting party
to GATT 1947, that prohibits the use, sale or lease of foreign-built or foreign-reconstructed vessels
in commercial applications between points in national waters or the waters of an exclusive economic
zone. This exemption applies to: (a) the continuation or prompt renewal of a non-conforming provision
of such legislation; and (b) the amendment to a non-conforming provision of such legislation to the
extent that the amendment does not decrease the conformity of the provision with Part II of GATT 1947.
This exemption is limited to measures taken under legislation described above that is notified and
specified prior to the date of entry into force of the WTO Agreement. If such legislation is subsequently
modified to decrease its conformity with Part II of GATT 1994, it will no longer qualify for coverage
under this paragraph.
(b) The Ministerial Conference shall review this exemption not later than five years after
the date of entry into force of the WTO Agreement and thereafter every two years for as long as the
exemption is in force for the purpose of examining whether the conditions which created the need for
the exemption still prevail.
(c) A Member whose measures are covered by this exemption shall annually submit a detailed
statistical notification consisting of a five-year moving average of actual and expected deliveries of
relevant vessels as well as additional information on the use, sale, lease or repair of relevant vessels
covered by this exemption.
(d) A Member that considers that this exemption operates in such a manner as to justify
a reciprocal and proportionate limitation on the use, sale, lease or repair of vessels constructed in the
territory of the Member invoking the exemption shall be free to introduce such a limitation subject
to prior notification to the Ministerial Conference.
(e) This exemption is without prejudice to solutions concerning specific aspects of the
legislation covered by this exemption negotiated in sectoral agreements or in other fora.
2. The date as of which "other duties or charges" are bound, for the purposes of Article II, shall
be 15 April 1994. "Other duties or charges" shall therefore be recorded in the Schedules at the levels
applying on this date. At each subsequent renegotiation of a concession or negotiation of a new
concession the applicable date for the tariff item in question shall become the date of the incorporation
of the new concession in the appropriate Schedule. However, the date of the instrument by which
a concession on any particular tariff item was first incorporated into GATT 1947 or GATT 1994 shall
also continue to be recorded in column 6 of the Loose-Leaf Schedules.
4. Where a tariff item has previously been the subject of a concession, the level of "other duties
or charges" recorded in the appropriate Schedule shall not be higher than the level obtaining at the
time of the first incorporation of the concession in that Schedule. It will be open to any Member to
challenge the existence of an "other duty or charge", on the ground that no such "other duty or charge"
existed at the time of the original binding of the item in question, as well as the consistency of the
recorded level of any "other duty or charge" with the previously bound level, for a period of three
years after the date of entry into force of the WTO Agreement or three years after the date of deposit
with the Director-General of the WTO of the instrument incorporating the Schedule in question into
GATT 1994, if that is a later date.
5. The recording of "other duties or charges" in the Schedules is without prejudice to their
consistency with rights and obligations under GATT 1994 other than those affected by paragraph 4.
All Members retain the right to challenge, at any time, the consistency of any "other duty or charge"
with such obligations.
6. For the purposes of this Understanding, the provisions of Articles XXII and XXIII of GATT 1994
as elaborated and applied by the Dispute Settlement Understanding shall apply.
7. "Other duties or charges" omitted from a Schedule at the time of deposit of the instrument
incorporating the Schedule in question into GATT 1994 with, until the date of entry into force of the
WTO Agreement, the Director-General to the CONTRACTING PARTIES to GATT 1947 or, thereafter,
with the Director-General of the WTO, shall not subsequently be added to it and any "other duty or
charge" recorded at a level lower than that prevailing on the applicable date shall not be restored to
that level unless such additions or changes are made within six months of the date of deposit of the
instrument.
8. The decision in paragraph 2 regarding the date applicable to each concession for the purposes
of paragraph l(b) of Article II of GATT 1994 supersedes the decision regarding the applicable date
taken on 26 March 1980 (BISD 27S/24).
Members,
Noting that Article XVII provides for obligations on Members in respect of the activities of
the state trading enterprises referred to in paragraph 1 of Article XVII, which are required to be
consistent with the general principles of non-discriminatory treatment prescribed in GATT 1994 for
governmental measures affecting imports or exports by private traders;
Noting further that Members are subject to their GATT 1994 obligations in respect of those
governmental measures affecting state trading enterprises;
Recognizing that this Understanding is without prejudice to the substantive disciplines prescribed
in Article XVII;
1. In order to ensure the transparency of the activities of state trading enterprises, Members shall
notify such enterprises to the Council for Trade in Goods, for review by the working party to be set
up under paragraph 5, in accordance with the following working definition:
This notification requirement does not apply to imports of products for immediate or ultimate
consumption in governmental use or in use by an enterprise as specified above and not otherwise for
resale or use in the production of goods for sale.
2. Each Member shall conduct a review of its policy with regard to the submission of notifications
on state trading enterprises to the Council for Trade in Goods, taking account of the provisions of this
Understanding. In carrying out such a review, each Member should have regard to die need to ensure
the maximum transparency possible in its notifications so as to permit a clear appreciation of the manner
of operation of the enterprises notified and the effect of their operations on international trade.
3. Notifications shall be made in accordance with the questionnaire on state trading adopted on
24 May 1960(BISD 9S/184-185), it being understood that Members shall notify the enterprises referred
to in paragraph 1 whether or not imports or exports have in fact taken place.
4. Any Member which has reason to believe that another Member has not adequately met its
notification obligation may raise the matter with the Member concerned. If the matter is not satisfactorily
resolved it may make a counter-notification to the Council for Trade in Goods, for consideration by
the working party set up under paragraph 5, simultaneously informing the Member concerned.
5. A working party shall be set up, on behalf of the Council for Trade in Goods, to review
notifications and counter-notifications. In the light ofthis review and withoutprejudice to paragraph 4(c)
of Article XVII, the Council for Trade in Goods may make recommendations with regard to the adequacy
of notifications and the need for further information. The working party shall also review, in the light
of the notifications received, the adequacy of the above-mentioned questionnaire on state trading and
the coverage of state trading enterprises notified under paragraph 1. It shall also develop an illustrative
list showing the kinds of relationships between governments and enterprises, and the kinds of activities,
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'The activities of this working party shall be coordinated with those of the working group provided for in Section III
of the Ministerial Decision on Notification Procedures adopted on IS April 1994.
Members,
Recognizing the provisions of Articles XII and XVIII :B of GATT 1994 and of the Declaration
on Trade Measures Taken for Balance-of-Payments Purposes adopted on 28 November 1979
(BISD 26S/205-209, referred to in this Understanding as the " 1979 Declaration " ) and in order to clarify
such provisions1;
Application of Measures
2. Members confirm their commitment to give preference to those measures which have the least
disruptive effect on trade. Such measures (referred to in this Understanding as "price-based measures")
shall be understood to include import surcharges, import deposit requirements or other equivalent trade
measures with an impact on the price of imported goods. It is understood that, notwithstanding the
provisions of Article II, price-based measures taken for balance-of-payments purposes may be applied
by a Member in excess of the duties inscribed in the Schedule of that Member. Furthermore, that
Member shall indicate the amount by which the price-based measure exceeds the bound duty clearly
and separately under the notification procedures of this Understanding.
3. Members shall seek to avoid the imposition of new quantitative restrictions for balance-of-
payments purposes unless, because of a critical balance-of-payments situation, price-based measures
cannot arrest a sharp deterioration in the external payments position. In diose cases in which a Member
applies quantitative restrictions, it shall provide justification as to the reasons why price-based measures
are not an adequate instrument to deal with the balance-of-payments situation. A Member maintaining
quantitative restrictions shall indicate in successive consultations the progress made in significantly
reducing the incidence and restrictive effect of such measures. It is understood that not more than
one type of restrictive import measure taken for balance-of-payments purposes may be applied on the
same product.
4. Members confirm that restrictive import measures taken for balance-of-payments purposes may
only be applied to control the general level of imports and may not exceed what is necessary to address
the balance-of-payments situation. In order to minimize any incidental protective effects, a Member
shall administer restrictions in a transparent manner. The authorities of the importing Member shall
provide adequate justification as to the criteria used to determine which products are subject to restriction.
As provided in paragraph 3 of Article XII and paragraph 10 of Article XVIII, Members may, in the
'Nothing in this Understanding is intended to modify the rights and obligations of Members under Articles XII or XVIII: B
ofGATT 1994. The provisions of Articles XXII and XXIII of GATT 1994aselaboratedandappliedbytheDisputeSettlement
Understanding may be invoked with respect to any matters arising from the application of restrictive import measures taken
for balance-of-payments purposes.
Members,
Having regard to the provisions of Article XXIV of GATT 1994;
Recognizing that customs unions and free trade areas have greatly increased in number and
importance since the establishment of GATT 1947 and today cover a significant proportion of world
trade;
Recognizing the contribution to the expansion of world trade that may be made by closer
integration between the economies of the parties to such agreements;
Recognizing also that such contribution is increased if the elimination between the constituent
territories of duties and other restrictive regulations of commerce extends to all trade, and diminished
if any major sector of trade is excluded;
Reaffirming that the purpose of such agreements should be to facilitate trade between the
constituent territories and not to raise barriers to the trade of other Members with such territories;
and that in their formation or enlargement the parties to them should to the greatest possible extent
avoid creating adverse effects on the trade of other Members;
Convinced also of the need to reinforce the effectiveness of the role of the Council for Trade
in Goods in reviewing agreements notified under Article XXIV, by clarifying the criteria and procedures
for the assessment of new or enlarged agreements, and improving the transparency of all Article XXIV
agreements;
Recognizing the need for a common understanding of the obligations of Members under
paragraph 12 of Article XXIV;
1. Customs unions, free-trade areas, and interim agreements leading to the formation of a customs
union or free-trade area, to be consistent with Article XXIV, must satisfy, inter alia, the provisions
of paragraphs 5, 6, 7 and 8 of that Article.
Article XXIV.-5
2. The evaluation under paragraph 5(a) of Article XXIV of the general incidence of the duties
and other regulations of commerce applicable before and after the formation of a customs union shall
in respect of duties and charges be based upon an overall assessment of weighted average tariff rates
and of customs duties collected. This assessment shall be based on import statistics for a previous
representative period to be supplied by the customs union, on a tariff-line basis and in values and
quantities, broken down by WTO country of origin. The Secretariat shall compute the weighted average
tariff rates and customs duties collected in accordance with the methodology used in the assessment
of tariff offers in the Uruguay Round of Multilateral Trade Negotiations. For this purpose, the duties
and charges to be taken into consideration shall be the applied rates of duty. It is recognized that for
the purpose of the overall assessment of the incidence of other regulations of commerce for which
quantification and aggregation are difficult, the examination of individual measures, regulations, products
covered and trade flows affected may be required.
11. Customs unions and constituents of free-trade areas shall report periodically to the Council
for Trade in Goods, as envisaged by the CONTRACTING PARTIES to GATT 1947 in their instruction
to the GATT 1947 Council concerning reports on regional agreements (BISD 18S/38), on the operation
of the relevant agreement. Any significant changes and/or developments in the agreements should
be reported as they occur.
Dispute Settlement
12. The provisions of Articles XXII and XXIII of GATT 1994 as elaborated and applied by the
Dispute Settlement Understanding may be invoked with respect to any matters arising from the application
of those provisions of Article XXIV relating to customs unions, free-trade areas or interim agreements
leading to the formation of a customs union or free-trade area.
Article XXIV:12
13. Each Member is fully responsible under GATT 1994 for the observance of all provisions of
GATT 1994, and shall take such reasonable measures as may be available to it to ensure such observance
by regional and local governments and authorities within its territory.
14. The provisions of Articles XXII and XXIH of GATT 1994 as elaborated and applied by the
Dispute Settlement Understanding may be invoked in respect of measures affecting its observance taken
by regional or local governments or authorities within the territory of a Member. When the Dispute
Settlement Body has ruled that a provision of GATT 1994 has not been observed, the responsible Member
shall take such reasonable measures as may be available to it to ensure its observance. The provisions
relating to compensation and suspension of concessions or other obligations apply in cases where it
has not been possible to secure such observance.
15. Each Member undertakes to accord sympathetic consideration to and afford adequate opportunity
for consultation regarding any representations made by another Member concerning measures affecting
the operation of GATT 1994 taken within the territory of the former.
1. A request for a waiver or for an extension of an existing waiver shall describe the measures
which the Member proposes to take, the specific policy objectives which the Member seeks to pursue
and the reasons which prevent the Member from achieving its policy objectives by measures consistent
with its obligations under GATT 1994.
2. Any waiver in effect on the date of entry into force of the WTO Agreement shall terminate,
unless extended in accordance with the procedures above and those of Article IX of the WTO Agreement,
on the date of its expiry or two years from the date of entry into force of the WTO Agreement,
whichever is earlier.
3. Any Member considering that a benefit accruing to it under GATT 1994 is being nullified or
impaired as a result of:
(a) the failure of the Member to whom a waiver was granted to observe the terms or
conditions of the waiver, or
(b) the application of a measure consistent with the terms and conditions of the waiver
may invoke the provisions of Article XXIII of GATT 1994 as elaborated and applied by the Dispute
Settlement Understanding.
2. Where a Member considers that it has a principal supplying interest in terms of paragraph 1,
it should communicate its claim in writing, with supporting evidence, to the Member proposing to
modify or withdraw a concession, and at the same time inform the Secretariat. Paragraph 4 of the
"Procedures for Negotiations under Article XXVHI" adopted on 10 November 1980 (BISD 27S/26-28)
shall apply in these cases.
3. In the determination of which Members have a principal supplying interest (whether as provided
for in paragraph 1 above or in paragraph 1 of Article XXVIII) or substantial interest, only trade in
the affected product which has taken place on an MFN basis shall be taken into consideration. However,
trade in the affected product which has taken place under non-contractual preferences shall also be
taken into account if the trade in question has ceased to benefit from such preferential treatment, thus
becoming MFN trade, at the time of the negotiation for the modification or withdrawal of the concession,
or will do so by the conclusion of that negotiation.
4. When a tariff concession is modified or withdrawn on a new product (i.e. a product for which
three years' trade statistics are not available) the Member possessing initial negotiating rights on the
tariff line where the product is or was formerly classified shall be deemed to have an initial negotiating
right in the concession in question. The determination of principal supplying and substantial interests
and the calculation of compensation shall take into account, inter alia, production capacity and investment
in the affected product in the exporting Member and estimates of export growth, as well as forecasts
of demand for the product in the importing Member. For the purposes of this paragraph, "new product"
is understood to include a tariff item created by means of a breakout from an existing tariff line.
5. Where a Member considers that it has a principal supplying or a substantial interest in terms
of paragraph 4, it should communicate its claim in writing, with supporting evidence, to the Member
proposing to modify or withdraw a concession, and at the same time inform the Secretariat. Paragraph 4
of the above-mentioned "Procedures for Negotiations under Article XXVIII" shall apply in these cases.
6. When an unlimited tariff concession is replaced by a tariff rate quota, the amount of compensation
provided should exceed the amount of the trade actually affected by the modification of the concession.
The basis for the calculation of compensation should be the amount by which future trade prospects
exceed the level of the quota. It is understood that the calculation of future trade prospects should
be based on the greater of:
(a) the average annual trade in the most recent representative three-year period, increased
by the average annual growth rate of imports in that same period, or by 10 per cent,
whichever is the greater; or
In no case shall a Member's liability for compensation exceed that which would be entailed by complete
withdrawal of the concession.
7. Any Member having a principal supplying interest, whether as provided for in paragraph 1
above or in paragraph 1 of Article XXVIII, in a concession which is modified or withdrawn shall be
accorded an initial negotiating right in the compensatory concessions, unless another form of
compensation is agreed by the Members concerned.
Members,
Having carried out negotiations within the framework of GATT 1947, pursuant to the Ministerial
Declaration on the Uruguay Round,
1. The schedule annexed to this Protocol relating to a Member shall become a Schedule to
GATT 1994 relating to that Member on the day on which the WTO Agreement enters into force for
that Member. Any schedule submitted in accordance with the Ministerial Decision on measures in
favour of least-developed countries shall be deemed to be annexed to this Protocol.
2. The tariff reductions agreed upon by each Member shall be implemented in five equal rate
reductions, except as may be otherwise specified in a Member's Schedule. The first such reduction
shall be made effective on the date of entry into force of the WTO Agreement, each successive reduction
shall be made effective on 1 January of each of the following years, and the final rate shall become
effective no later than the date four years after the date of entry into force of the WTO Agreement,
except as may be otherwise specified in that Member's Schedule. Unless otherwise specified in its
Schedule, a Member that accepts the WTO Agreement after its entry into force shall, on the date that
Agreement enters into force for it, make effective all rate reductions that have already taken place
together with the reductions which it would under the preceding sentence have been obligated to make
effective on 1 January of the year following, and shall make effective all remaining rate reductions
on the schedule specified in the previous sentence. The reduced rate should in each stage be rounded
off to the first decimal. For agricultural products, as defined in Article 2 of the Agreement on
Agriculture, the staging of reductions shall be implemented as specified in the relevant parts of the
schedules.
3. The implementation of the concessions and commitments contained in the schedules annexed
to this Protocol shall, upon request, be subject to multilateral examination by the Members. This would
be without prejudice to the rights and obligations of Members under Agreements in Annex 1A of the
WTO Agreement.
4. After the schedule annexed to this Protocol relating to a Member has become a Schedule to
GATT 1994 pursuant to the provisions of paragraph 1, such Member shall be free at any time to withhold
or to withdraw in whole or in part the concession in such Schedule with respect to any product for
which the principal supplier is any other Uruguay Round participant the schedule of which has not
yet become a Schedule to GATT 1994. Such action can, however, only be taken after written notice
of any such withholding or withdrawal of a concession has been given to die Council for Trade in Goods
and after consultations have been held, upon request, with any Member, the relevant schedule relating
to which has become a Schedule to GATT 1994 and which has a substantial interest in the product
involved. Any concessions so withheld or withdrawn shall be applied on and after the day on which
the schedule of the Member which has the principal supplying interest becomes a Schedule to
GATT 1994.
(b) For the purpose of the reference in paragraph 6(a) of Article II of GATT 1994 to the
date of that Agreement, the applicable date in respect of a schedule of concessions
annexed to this Protocol shall be the date of this Protocol.
7. In each case in which a schedule annexed to this Protocol results for any product in treatment
less favourable than was provided for such product in the Schedules of GATT 1947 prior to the entry
into force of the WTO Agreement, the Member to whom the schedule relates shall be deemed to have
taken appropriate action as would have been otherwise necessary under the relevant provisions of
Article XXVIII of GATT 1947 or 1994. The provisions of this paragraph shall apply only to Egypt,
Peru, South Africa and Uruguay.
8. The Schedules annexed hereto are authentic in the English, French or Spanish language as
specified in each Schedule.
9. The date of this Protocol is 15 April 1994.
SCHEDULES
LISTES
LISTAS
Vol. 14 LX KOREA
Vol. 21 XC - NAMIBIA
The following communication concerning trade in phannaceutical products has been received
from the delegations listed below:
RECORD OF DISCUSSION
In the course of the Uruguay Round negotiations, representatives of the following governments
discussed the treatment of pharmaceutical products and came to the following conclusions:
Australia
Austria
Canada
Czech Republic
European Communities
Finland
Japan
Norway
Slovak Republic
Sweden
Switzerland
United States
Each government will eliminate customs duties on pharmaceutical products, as defined below, recognizing
the objective of tariff elimination should not be frustrated by trade restrictive or trade distorting measures.
Other governments are encouraged to do the same.
1. With respect to pharmaceutical products (as defined below), they will eliminate customs duties
and all other duties and charges, as defined within the meaning of Article II. 1 (b) of the General
Agreement on Tariffs and Trade (1994), on ALL items in the following categories:
(ii) items classified (or classifiable) in HS headings 2936, 2937, 2939, and 2941, with the
exception of dihydrostreptomycin and salts, esters, and hydrates thereof;
(iii)* pharmaceutical active ingredients as designated in Annex I and that bear an "international
non-proprietary name," (INN) from the World Health Organization;
(iv) salts, esters, and hydrates of pharmaceutical products which are described by the
combination of an INN active ingredient contained in Annex I with a prefix or suffix
as designated in Annex II to this record, as long as such salt, ester, or hydrate is
classified in the same HS 6-digit heading as the INN active ingredient;
(v) salts, esters, and hydrates of INN active ingredients that are separately contained in
Annex III to this record and that are not classified in the same HS 6-digit heading as
the INN active ingredient;
(vi) additional products used for theproduction and manufacture of finished pharmaceuticals
as designated in Annex IV to this record.
In addition, to ensure transparency, each government will incorporate these measures into that
government's schedule to the General Agreement on Tariffs and Trade (1994), and, in addition, at
either its national tariff line level or the Harmonized System 6-digit level in either its national tariff
or any other published versions of the tariff schedule, whichever is ordinarily used by importers and
exporters.
Each government will fully implement the duty elimination on the date of entry into force of
the World Trade Organization (WTO) agreement, for that government.
In incorporating the results described above, duty elimination can be achieved either by creating
sub-headings at the national tariff line level, or attaching an Annex to the national tariff listing all
products concerned or by a combination of the above methods, whereby duty-free treatment is provided
for at national tariff line level for certain products.
In cases where it is not possible to designate an entire national tariff line for duty-free treatment,
EACH GOVERNMENT will list the pharmaceutical products covered in an Annex to its national tariff,
with a full concordance to the products listed in Annexes I, III, and IV at either the national tariff line
level or the Harmonized System 6-digit level. Where some or all of the products are incorporated
in such an Annex, each government will include appropriate footnotes (or other means of cross-
referencing at the national tariffline level or the Harmonized System 6-digit level) either in the national
tariff or in any other published version of the national tariff to indicate that bound duty-free treatment
is provided for the products listed in the Annex.
2. In implementing these measures, each government's national customs authorities may require
importers to provide one or more of the following types of information to certify that the imported
chemical is included in this record:
3. Representatives of the governments listed above will meet under the auspices of the Council
for Trade in Goods of the WTO — normally at least once every three years - to review the product
coverage with a view to including, by consensus, additional pharmaceutical products for tariff elimination.
They agreed to encourage autonomous elimination of duties prior to agreement to eliminate duties on
a permanent and reciprocal basis, in accordance with their national procedures.
4. The positive list of products covered by these annexes has been deposited with the GATT
Secretariat.
Vol. 1867, 1-31874
1995 United Nations — Treaty Series • Nations Unies — Recueil des Traités 249