Wto Agreement Legal Text

The texts reproduced in this section do not have the legal status of the original documents entrusted and preserved by the WTO Secretariat in Geneva. Part III of the Agreement contains provisions on market access and inadequacy, which are subject to specific commitments in national timetables and not to general obligations. As at 1 September 1994, 95 participants had submitted timetables (including a single calendar for the twelve members of the European Union) in which the services activities subject to obligations and restrictions on the different types of provision of market access (e.B number of service providers, number of service operations; the type of legal person, through which a service is provided). or on colorlessness. The General Agreement on Trade in Services is the first multilateral trade agreement aimed at the progressive liberalization of trade in services. It will ensure more secure and open services markets, as the GATT has done for trade in goods. The agreement covers trade in all services sectors and the provision of services in all forms (i.e. modes of supply), including the consumption of services abroad, the cross-border supply of services, the supply of services by commercial presence and the transfer abroad of the person providing the service. > Go to a basic explanation of the agreements. > . or a more technical list of abbreviations > The GATS consists of two components: the 29-Article Framework Agreement and a number of annexes, ministerial decisions, etc.

and the schedules of commitments made by each member State government to link the existing degree of openness or to remove existing restrictions (see Box 4). Although GATS coverage is universal with respect to services sectors, liberalization obligations follow a positive list approach in which each participant lists in its calendar the market access conditions and national treatment of foreign service suppliers in the sectors and types of supply to which it has committed. Ninety-five calendars of specific commitments (the European Union has submitted a common schedule on behalf of its 12 Member States) contain the results of the negotiations on access to the services market. As regards the degree of market opening for a service activity provided by an obligation, this depends on the existing regulatory regime and whether market access and national treatment by the importing country have been limited. In fact, most schedules contain commitments regarding the existing level of access, while others also include liberalization commitments. Through binding obligations, foreign service suppliers – and domestic customers of foreign service suppliers – are assured that market entry and operating conditions will not be altered to their detriment. The GATS explicitly provides for successive rounds of negotiations for the future in order to achieve a progressively higher degree of liberalization. 9. The Ministerial Conference may, at the request of Members that are Parties to a trade agreement, decide only by mutual agreement to include this Agreement in Annex 4. The Ministerial Conference may, at the request of Members that are Parties to a plurilateral trade agreement, decide to delete that agreement from Annex 4. The „Final Act“ signed in Marrakech in 1994 is like a title note.

Everything else is linked to it. First, there is the Agreement Establishing the WTO (or WTO Agreement), which serves as a framework agreement. The annexes are the Goods, Services and Intellectual Property Agreements, Dispute Settlement, the Trade Policy Review Mechanism and plurilateral agreements. Engagement plans are also part of the Uruguay Round agreements. 2. Decisions on accession shall be taken by the Ministerial Conference. The Ministerial Conference approves the Agreement on the Conditions of Accession by a Two-Thirds Majority of WTO Members […].