Ur Agreement

Once the panel`s report or the appeal body`s report has been adopted, the party concerned will have to state its intentions for the implementation of the recommendations adopted. If it is not possible to comply immediately, the party concerned has a reasonable period of time, which must be decided by agreement of the parties and within forty-five days of the adoption of the report, or by an arbitration procedure within 90 days of the adoption by the DSB. In any event, the DSB will regularly monitor implementation until the issue is resolved. What is mentioned and discussed above is just a few of the agreements negotiated during the Uruguay Round. In addition, each round of trade negotiations provides an excellent forum to address many other topics of particular interest to certain sectors. Others include the Convention on Health and Plant Health Measures, which contains guidelines for countries on food security and trade in plants and animals; an anti-dumping agreement; Agreement on subsidies and countervailing measures; The Trade-Related Investment Measures Agreement (TRIMS); Agreement on import licensing procedures; The Customs Assessment Agreement; Pre-inspection agreement The Rules of Origin Agreement; and, finally, several multilateral agreements (i.e. not all of which cover) concerning civil aircraft, public procurement and dairy products. With regard to automatic authorisation procedures, the revised agreement sets out criteria by which they have no remaining effects on trade. With regard to non-automatic authorisation procedures, their administrative burden for importers and exporters should be limited to what is strictly necessary to manage the measures they apply. The revised agreement also provides for a maximum of 60 days for the review of applications. In anticipation of the negotiation of a particular regime in the civil aircraft sector, civil aircraft products are not suspected, under the subsidy agreement, that a subsidy of more than 5% is seriously harming the interests of other Members. In addition, the agreement provides that the reimbursement of financing in the civil aircraft sector, when it depends on the level of sales of a product and sales are below expectations, does not in itself result in such a presumption of serious harm. Unlike its predecessor, the agreement contains a definition of the subsidy and introduces the concept of a “specific” subsidy, which is for the most part available to only one company, industry or group of companies, or a group of companies or industries under the jurisdiction of the Granting Authority.

Only specific grants would be subject to the disciplines defined in the agreement. The Uruguay Round was the eighth round of multilateral trade negotiations (NTMs), organized under the General Agreement on Tariffs and Trade (GATT) from 1986 to 1993, which included 123 countries as “contracting parties”.

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