Wto Agreement Establishing

Most WTO agreements are the result of the 1986-1994 Uruguay Round negotiations, which were signed at the ministerial meeting in Marrakech in April 1994. There are about 60 agreements and decisions with a total length of 550 pages. Article XXIV, paragraph 6, defines the procedure to be followed when a member forming a customs union proposes an increase in the bound tariff rate. In this context, members reaffirmed that the procedure under Article XXVIII, as defined in the guidelines adopted on 10 November 1980 (BISD 27S/26-28) and in the agreement on the interpretation of Article XXVIII of the GATT 1994, must be initiated before tariff concessions are amended or withdrawn following the creation of a customs union or an interim agreement leading to the formation of a customs union. The related agreements and legal instruments in Schedules 1, 2 and 3 (`multilateral trade agreements`) are an integral part of this agreement and are binding on all members. Paragraph 1 applies between a member and another member who has joined under Article XII only if the member who does not accept the application has informed the ministerial conference before the approval of the agreement on the terms of membership by the Ministerial Conference. references to common contracting parties TO ARTICLES XV:1, XV:2, XV:8, XXXVIII and notes ad article XII and 181 contracting parts; and in the special exchange agreement provisions of Articles XV:2, XV:3, XV:6, XV:7 and XV:9 of the 1994 GATT are considered references to the WTO. The other tasks entrusted to the joint MINISTERIALING PARTIES by the 1994 GATT provisions are assigned by the Ministerial Conference. Customs unions and elements of free trade zones regularly report to the Goods Trade Council, as provided for by the contracting PARTIES at the 1947 GATT in their instruction to the 1947 GATT Council on Regional Agreement Reports (BISD 18S/38) on the functioning of the agreement in question. Any substantial changes and/or developments in the agreements should be notified as soon as they occur.

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