Committee on Trade and Development - Dedicated Session - Work Programme on Small Economies - Compilation Paper Prepared by the Secretariat - Corrigendum
- WTO Secretariat
- 2009/06/01
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World Trade
Organization WT/COMTD/SE/W/22/Rev.3/Corr.1
15 May 2009
(09-2384) Committee on Trade and Development
Dedicated Session
WORK PROGRAMME ON SMALL ECONOMIES
Compilation paper prepared by the Secretariat
Corrigendum
Page 18, paragraph 63 should be replaced as follows:
A. Tiered formula for tariff reductions
Developing country Members other than those specified in paragraph 65 below shall reduce their final bound tariffs in eleven equal annual instalments over ten years in accordance with the following tiered formula:
where the final bound tariff or ad valorem equivalent is greater than 0 and less than or equal to 30 per cent, the reduction shall be 2/3 of the cut for developed country Members in paragraph 61(a) above;
where the final bound tariff or ad valorem equivalent is greater than 30 per cent and less than or equal to 80 per cent, the reduction shall be 2/3 of the cut for developed country Members in paragraph 61(b) above;
where