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WTA /WTO and GATT Uruguay 1994

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World Trade Agreement 1994 (establishing the WTO and including GATT Uruguay 1994)

   1

I. Final Act

   70

I. Final Act Embodying the Results of the Uraguay Round of Multilateral Trade Negotiations [GATT, Final Act, (MTN/FA I)

 
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I. Final Act Embodying the Results of the Uraguay Round of Multilateral Trade Negotiations [GATT, Final Act, (MTN/FA I)

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1. Having met in order to conclude the Uruguay Round of Multilateral Trade Negotiations, the representatives of the Governments and of the European Communities, members of the Trade Negotiations Committee (hereinafter referred to as "participants"), agree that the Agreement Establishing the World Trade Organization and the Ministerial Declarations and Decisions, as set out in the annexes attached hereto (hereinafter referred to as "instruments"), embody the results of their negotiations and form an integral part of this Final Act.

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2. By adopting the present Final Act, participants agree

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(a) to adopt the Ministerial Declarations and Decisions; and

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(b) to submit, as appropriate, the Agreement Establishing the World Trade Organization for the consideration of their respective competent authorities with a view to seeking approval of this Agreement in accordance with appropriate procedures of the participant concerned.

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3. Participants agree on the desirability of acceptance of the Agreement Establishing the World Trade Organization by all participants with a view to its entry into force as early as possible and not later than [1 July 1995]. Not later than [early 1995], 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.

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4. Participants agree that the Agreement Establishing the World Trade Organization shall be open for acceptance as a whole, by signature or otherwise, by all participants in the Uruguay Round of Multilateral Trade Negotiations pursuant to Article XIV of the Agreement Establishing the World Trade Organization. The acceptance and entry into force of a Plurilateral Trade Agreement, included in Annex 4 of the Agreement Establishing the World Trade Organization, shall be governed by the provisions of that Agreement.

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5. Before accepting the Agreement Establishing the World Trade Organization, participants who are not contracting parties to the GATT 1947 must first have concluded negotiations for their accession to the GATT 1947 and become contracting parties thereto. For participants who are not contracting parties to the GATT 1947 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 GATT 1947 and acceptance of the Agreement establishing the WTO.

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6. This Final Act and the texts of the instruments set out in the Annexes 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 in the Uruguay Round of Multilateral Trade Negotiations a certified copy thereof.

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DONE at [.........] this [.........] day of [.....] one thousand nine hundred and ninety-four in a single copy, in the English, French and Spanish languages, each text being authentic.

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