Marrakesh Agreement Unts

1. The WTO provides a common institutional framework for the implementation of trade relations between its members in areas under the agreements and legal instruments attached to them. 3. Paragraph 1 applies between a member and another member who has joined under Article XII only if the member who does not accept the application has informed the Ministerial Conference of the terms of membership before the agreement is approved by the Ministerial Conference. The final act of the Uruguay Round, signed in Marrakech on 15 April 1994, includes some 60 agreements, annexes, decisions and agreements, including the Marrakesh Agreement («WTO Agreement»),» establishing the WTO, the 1994 GATT and other agreements such as the General Agreement on Trade in Services (GATS) and the Agreement on Trade in Intellectual Property Rights (TRIPS). 2. Membership decisions are made by the Ministerial Conference. The Ministerial Conference approves the agreement on the terms of membership by a two-thirds majority of WTO members. (5) There is a commodity trade council, a services council and a council on aspects of intellectual property rights that affect trade (`TRIPS Advice`), acting under the general direction of the General Council. The Trade in Goods Council monitors the operation of the multilateral trade agreements in Schedule 1A.

The Council for Trade in Services monitors the functioning of the general agreement on trade in services (`GATS`). The TRIPS Council monitors the functioning of the agreement on aspects of intellectual property rights that affect trade (hereafter referred to as the TRIPS Agreement). These councils carry out the functions entrusted to them by their respective agreements and by the General Council. They decide on their internal regulations, subject to the agreement of the General Council. Membership in these councils is open to representatives of all members. These councils may meet to carry out their duties. The growth of international trade has led to a complex and increasingly broad primary law, including international treaties and agreements, national legislation and trade dispute settlement jurisprudence. This research guide focuses primarily on the multilateral trading system managed by the World Trade Organization. It also contains information on regional and bilateral trade agreements, including those involving the United States. 3.

The agreements listed in Schedule 4 and related legal instruments (so-called multilateral trade agreements) are also part of this agreement for the members who have adopted them and are binding on those members. Multilateral trade agreements do not create obligations or rights for Members who have not accepted them. The agreement was also adopted as part of a house document (H.R.