WORLD TRADE WT/REG24/2
20November 1996
ORGANIZATION(96-4911)
Committee onRegional Trade Agreements
FREE TRADE AGREEMENT BETWEEN THE SWISS GOVERNMENT
AND THE FAROE ISLANDS (GOVERNMENT OFDENMARK)
Terms ofReference fortheExamination
Terms ofReference adopted on19March 1996
"Toexamine, inlightoftherelevant provisions oftheGATT 1994, theAgreement between
theGovernment ofDenmark andtheHome Government oftheFaroe Islands, ontheonepart,
andtheGovernment ofSwitzerland, ontheother part,andtosubmit areport totheCouncil
forTrade inGoods."
Understanding readoutbytheChairman oftheCouncil forTrade inGoods
atitsmeeting of19March 1996
Itisunderstood thatthestatement readoutbytheChairman oftheCouncil forTrade inGoods
under item7oftheAgenda ofitsmeeting on20February 1995, ascontained indocument WT/REG3/1,
applies mutatis mutandis tothisexamination. Itisalsounderstood that,during theexamination, due
account willbetaken oftheintrinsic differences between customs unions andfree-trade areas.