FActual REPORT ON THE STATUS OF RENEGOTIATIONS
UNDER arTICLE xxviii OF THE gatt 1994
Report by the Secretariat[1]
Corrigendum*
Please
note that the first paragraph should read:
"1.1 WTO Members are
allowed to modify or withdraw concessions from their schedules through
negotiation and agreement with other Members.
Article XXVIII of the GATT 1994, entitled "Modification of
Schedules", is the main provision dealing with the renegotiation of a
tariff concession, which may be initiated under Article XXVIII itself or as a
result of Article XXIV:6 procedures.[2]
As of the date of this report, Members
have initiated or concluded 44
renegotiations since the WTO Agreement entered into force, some of which have
remained inconclusive for a number of years."
_________
* In English only.
[1] This document has been prepared under the Secretariat's own
responsibility and is without prejudice to the positions of Members or to their
rights and obligations under the WTO.
[2] Article XXIV:6 of the GATT 1994 provides that in case a Member
forming a customs union proposes to increase a rate of duty inconsistently with
the provisions of Article II (e.g. to align the bound duty with the common
external tariff of that customs union), "the procedure set forth in
Article XXVIII shall apply".