SUSPENSION OF ADMINISTRATIVE MEASURES FOR
THE republic of Guinea-Bissau

1.1.  In accordance with its decision of 15 November 2012^[1], the General Council of the World Trade Organization (WTO) may suspend the application of administrative measures for Members in Category III which agree to, and abide by, a defined schedule of instalment payments aimed at liquidating all arrears.

1.2.  To that end, the WTO Secretariat discussed a plan for the payment of arrears in instalments, with the Republic of Guinea-Bissau, based on the following:

a.    The Republic of Guinea Bissau's arrears as at 31 December 2016, amount to CHF 671,720. This amount corresponds to 23 years of arrears, including its participation in the Working Capital Fund.

b.    The Republic of Guinea-Bissau undertakes to abide by a schedule of instalment payments aimed at liquidating all arrears over a period of 30 years.

c.    The Republic of Guinea-Bissau further undertakes to pay its annual contribution and agreed annual repayment amount for liquidation of arrears, as from 2017. Consequently, a total amount of CHF 51,716 will be payable to the WTO by the Republic of Guinea-Bissau for 2017.