What Is One Provision Of The Uruguay Round Agreement

The innovative features of the revised agreement are that it encompasses processing and production methods related to the characteristics of the product itself. The scope of compliance assessment procedures will be expanded and disciplines specified. Notification rules for local authorities and non-governmental organizations are developed in more detail than in the Tokyo Round Agreement. The annex to the agreement contains a code of conduct for the development, adoption and application of standards by standards bodies, which can be accepted by both private and public sector organizations. The GATT dispute resolution system is generally regarded as one of the cornerstones of the multilateral trade order. The system has already been strengthened and streamlined by the reforms agreed upon at the mid-term ministerial review meeting in Montreal in December 1988. Disputes currently before the Council are subject to these new rules, which include a larger automatic system for decisions relating to the institution, mandate and composition of bodies, so that these decisions no longer depend on the agreement of the parties to the dispute. The Uruguay Round Agreement on Dispute Resolution Rules and Procedures (DSU) will further strengthen the existing system and extend the largest automatic system agreed at the mid-term review to include the adoption of bodies and the results of a new appeal body. In addition, the DSU will establish an integrated system allowing WTO members to base their claims on one of the multilateral trade agreements contained in the WTO agreement annexes. To this end, a dispute resolution body (DSB) exercises the authority of the General Council and the boards and committees of covered agreements.

The agreement provides for consultations on countervailing measures applicable to safeguard measures. If consultations do not succeed, affected members may withdraw concessions or other equivalent commitments from the 1994 GATT.

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