Negotiating Group on Rules - Submission on Regional Trade Agreements by Australia - Paper by Australia
- Australia
- 2006/04/24
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World Trade
Organization TN/RL/W/180
13 May 2005 (05-1940) Negotiating Group on Rules Original: English
SUBMISSION ON REGIONAL TRADE AGREEMENTS
BY AUSTRALIA
Paper by Australia
The following submission, dated 12 May 2005, is being circulated at the request of the Delegation of Australia.
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further submission ON REGIONAL TRADE AGREEMENTS
BY AUSTRALIA
1. This communication responds to the comments and requests for clarification by Members in relation to Australia’s second submission on the definition of ‘substantially all trade’ (TN/RL/W/173/Rev.1).
Introduction
2. The principle of non-discrimination, or most-favoured-nation (MFN) is at the heart of the multilateral system. There are few WTO-sanctioned exceptions, and Article XXIV is amongst the most important.
3. MFN has today become almost the exceptional level of trade preference between trading partners. The need to clarify the rules applied to the examination of RTAs