RESTRICTED
WORLD TRADE WT/SPEC/27/Corr.3
22July1996
ORGANIZATION(96-2874)
Original: Spanish
ACCESSION OFPANAMA
Agriculture Schedule ofPanama
Corrigendum
Pages 6and7(document WT/SPEC/27) aretobereplaced bythefollowing.WT/SPEC/27/Corr.3
Page2PART IV:EXPORT SUBSIDIES: PANAMA (continued)
SECTION II:Budgetary Outlay andQuantity Reduction Commitments
Description ofproducts
andtariff itemNo.
(HS6digits)Base outlay level Calendar year
appliedAnnual andfinal
outlay
commitment
levelsBase amount Calendar year
appliedAnnual and
final
quantity
commitment
levelsRelevant
supporting tables
anddocument
reference
1 2 3 4 5 6 7 8
Allproducts described in
Annex 1tothe
Agreement onAgricultureAverage forthe
years 1991-1993
US$5.5 million31December 2000 20% ofthe
national added
valueN.A. N.A. N.A. AGST/PAN
Supporting
Table No.4
1January 2001 15% ofthe
national added
valueN.A. N.A. N.A.
1January 2003 0 0 2003 0
N.A: NotapplicableWT/SPEC/27/Corr.3
Page3PART IV:EXPORT SUBSIDIES: PANAMA (continued)
SECTION III:Commitments Limiting theScope ofExport Subsidies
Description ofproducts Nature ofcommitments
1 2
Non-traditional agricultural products
Non-traditional agricultural products comprise allagricultural products
other thantraditional export products: canesugar; banana andbanana
purée; sugar canehoney; cocoa beans; coffee ingrains; shrimps, fresh
orchilled; bovine cattle leather, nottanned; wooden logs; bovine cattle;
swine andhorses onthehoof, other thanpure-bred; fishflour; other oils
offishandmarine mammals; scrap metal; hawkbill turtles, unworked;
extracts of(citrus) fruit; petroleum andpetroleum products; salesunder
bilateral freeorpreferential trade agreements; salesabroad from the
Colon FreeZone; minerals; metals andmetal products25%reduction intheaverage leveloftheTaxCredit Certificate (CAT).
TheCAT willbereduced from 20%to15%ofthenational added value
from 1January 2001 andwillremain inforce until31December 2002.
Note: Inasmuch astheTaxCredit Certificate (CAT) iscalculated onthenational added value ofnon-traditional exports, itisimpossible todetermine the
outlay reduction commitment tobemade bytheState under thisheading.
However, thepercentage CAT reduction commitment made bytheStateandtheelimination ofthissubsidy areinlinewiththespirit ofliberalization
ofagricultural trade andsubstantially meetthetargets established intheUruguay Round.