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GATT3_9.TXT
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1994-01-11
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DECISION ON THE APPLICATION AND REVIEW OF THE UNDERSTANDING
ON RULES AND PROCEDURES GOVERNING THE SETTLEMENT OF DISPUTES
The Ministers,
Agree that existing rules and procedures of the GATT 1947 in the field
of dispute settlement shall remain in effect until the date of entry into
force of the Understanding on Rules and Procedures Governing the Settlement
of Disputes under the Multilateral Trade Organization. It is further agreed
that in respect of disputes for which the request for consultation was made
before the date of entry into force of the said Understanding, the relevant
Councils or Committees shall remain in operation for the purpose of dealing
with those disputes.
Agree that a full review of dispute settlement rules and procedures
under the Multilateral Trade Organization, as set out in the said
Understanding, shall be completed within four years after its entry into
force, and a decision shall be taken on the occasion of the first meeting at
Ministerial level after the completion of the review, whether to continue,
modify or terminate such dispute settlement rules and procedures.