./.WORLD TRADE
ORGANIZATIONG/SCM/85/Add.1
3 November 2003
(03-5863)
Committee on Subsidies
and Countervailing Measures
CONTINUATION OF EXTENSION UNDER SCM ARTICLE 27.4 OF THE
TRANSITION PERIOD FOR THE ELIMINATION OF EXPORT
SUBSIDIES PURSUANT TO THE PROCEDURES IN G/SCM/39
PANAMA
Export Processing Zones
Decision of 28 October 2003
Addendum
The Committee on Subsidies and Countervailing Measures (the “Committee”),
As directed by the Fourth Ministerial Conference, in its Decision on Implementation-Related
Issues and Concerns, (WT/MI N(01)/17, 20 November 2001);
In following the “Procedures for Extensions Under Article 27.4 for Certain Developing
Country Members” (G/SCM/39, 20 November 2001) ("the Procedures"), including paragraphs 1(d)
and 1(e) thereof;
Taking into account the request and other notified information provided by Panama to the
Committee1, pursuant to the Procedures, for Export Processing Zones (“the programme”);
Recalling that it considered, for purposes of the decision in G/SCM/85 taken by the
Committee on 22 November 2002, Panama to be a developing country Member, whose share of world
merchandise export trade was not greater than 0.10 per cent and whose total Gross National Income
for the year 2000 as published by the World Bank was at or below US$20 billion, and who was
otherwise eligible to request an extension pursuant to Article 27.4 of the Agreement on Subsidies and
Countervailing Measures ("the SCM Agreement");
Taking note that  Panama confirms that the programme has not been modified since
1 January 2003 so as to make it more favourable in terms of scope, coverage and intensity of benefits
than it was on 1 September 2001;
On the basis of  the review of the notified information by the Committee pursuant to
paragraphs 1(d) and 1(e) of the Procedures to verify Panama's fulfilment, during the period reviewed
by the Committee in 2003, of its obligations with respect to the programme under the transparency
                                                     
1 The notified information on the basis of which this decision is taken is found in documents
G/SCM/N/74/PAN/1 (4 January 2002), G/SCM/N/71/PAN (4 January 2002) and G/SCM/N/71/PAN/Corr.1(31 January 2002), G/SCM/N/99/PAN (3 July 2003), G/SCM/Q3/PAN/1 (22 February 2002) to
G/SCM/Q3/PAN/15 (29 July 2002).G/SCM/85/Add.1
Page 2
and standstill provisions as contained in paragraphs 3 and 4 of the Procedures, in relation to the
programme as in existence on 1 September 2001;
Hereby agrees to continue, until 31 December 2004, pursuant to the Procedures, the extension
granted in G/SCM/85 of the transition period, under Article 27.2(b) of the SCM Agreement, for theelimination of export subsidies which take the form  of full or partial exemptions from import duties
and internal taxes and which were in existence under the programme on 1 September 2001.  All terms
and conditions and other provisions of the decision in G/SCM/85 shall apply.
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