twelfTH BIENNIAL REVIEW OF THE IMPLEMENTATION AND OPERATION
OF THE AGREEMENT ON IMPORT LICENSING PROCEDURES^[1]

Article 7.1 of the Agreement on Import Licensing Procedures provides that "the Committee shall review as necessary, but at least once every two years, the implementation and operation of this Agreement, taking into account the objectives thereof, and the rights and obligations contained therein".

The main objectives of the Agreement are those listed in the preamble of the Agreement.