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Update Date:2019-05-25

May 26 2019 GMT+8:00

:::
Understanding on the Balance-of-payments Provisions of the General Agreement on Tariffs and Trade 1994
  • Source:Bureau of Foreign Trade, Ministry of Economic Affairs
  • Published Date:1994-12-30
  • Effective Date:2019-01-18

Recognizing the provisions of Articles XII and XVIII:B of GATT 1994 and of the Declaration on Trade Measures Taken for Balance-of-Payments Purposes adopted on 28 November 1979 (BISD 26S/205-209, referred to in this Understanding as the "1979 Declaration") and in order to clarify such provisions ;Hereby agree as follows:Application of Measures 1.Members confirm their commitment to announce publicly, as soon as possible, time-schedules for the removal of restrictive import measures taken for balance-of-payments purposes. It is understood that such time-schedules may be modified as appropriate to take into account changes in the balance-of-payments situation. Whenever a time-schedule is not publicly announced by a Member, that Member shall provide justification as to the reasons therefor.2.Members confirm their commitment to give preference to those measures which have the least disruptive effect on trade.

 Attachment:
  1. doc 1-2egatt1994Balance.doc
  2. odt 1-2egatt1994Balance.odt
  3. pdf 1-2egatt1994Balance.pdf
  4. doc Book2-III-iii-GATT 1994-U-BOP.doc
  5. pdf Book2-III-iii-GATT 1994-U-BOP.pdf
  6. odt Book2-III-iii-GATT 1994-U-BOP.odt

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Subject: Understanding on the Balance-o...
Content: Recognizing the provisions of Articles XII and XVIII:B of GATT 1994 and of the Declaration on Trade ...
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