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GATT3_7A.TXT
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1994-01-11
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DECISION ON INSTITUTIONAL ARRANGEMENTS
FOR THE GENERAL AGREEMENT ON TRADE IN SERVICES
Ministers recommend that the Council for Trade in Services at its
first meeting shall adopt the decision on subsidiary bodies set out below.
INSTITUTIONAL ARRANGEMENTS FOR
THE GENERAL AGREEMENT ON TRADE IN SERVICES
The Council for Trade in Services, 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 MTO 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
this Agreement 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 above.