RESTRICTED
WORLD TRADE WT/BFA/W/22
5September 1997
ORGANIZATION(97-3590)
Committee onBudget, Finance andAdministration
ASSESSMENT OFADDITIONAL CONTRIBUTION TOTHE 1997 BUDGET
AND ADVANCE TOTHE WORKING CAPITAL FUND:
ACCESSION OFPANAMA TOTHE WTO
Note bytheDirector-General
1. Inviewoftheaccession totheWTO ofPanama on6September 1997(document WT/Let/161),
itisproposed thataproratacontribution tothe1997 budget amounting toCHF 54,910 beassessed
onthisGovernment. Thisassessment, calculated asfrom 6September 1997, isbased onanannual
contribution of0.15percent,taking intoaccount theinternational tradefigures (imports plusexports
ingoods, services andintellectual property rights) ofPanama fortheyears 1993 -1995.
2. Inconformity withtheWTO Financial Regulations governing theuseoftheWorking Capital
Fund, anygovernment acceding totheWTO shallmake anadvance totheFund inaccordance with
thescaleofcontributions applicable tothebudget fortheyearofitsaccession. Theminimum advance
totheWorking Capital Fund amounts to0.5percentoftheprincipal oftheFund forcountries or
separate customs territories whose share ofthetotaltrade ofMembers is0.5percentorless. Such
advances shallbecarried tothecredit oftheMembers which havemade them.
3. Onthebasis ofthelevel oftheWorking Capital ofCHF 7,200,880 on5September 1997,
itisproposed toassess anamount ofCHF 36,004 ontheGovernment ofPanama asanadvance to
theFund.
POINTS FOR DECISION: Paragraph 1
Paragraph 3