WORLD TRADE WT/L/240
28October 1997
ORGANIZATION(97-4724)
NICARAGUA -ESTABLISHMENT OFANEW SCHEDULE XXIX
Extension ofTime-Limit
Decision of22October 19971
ConsideringthatbyaDecisionof26January19942,theapplicationoftheprovisionsofArticleII
oftheGATT 1947 wassuspended toenable theGovernment ofNicaragua toimplement theCentral
American Tariff System (SAC) which isbased ontheHarmonized Commodity Description andCoding
System (Harmonized System);
Noting thatbysuccessive decisions, thetime-limit ofthewaiver granted toNicaragua hasbeen
extended until31October 19973;
Considering thatbyaDecision of31January 19954,theGeneral Council established alist
ofwaivers existing attheentry intoforce oftheWTO Agreement, which included thewaiver granted
toNicaragua fortheestablishment ofanewSchedule XXIX;
Taking intoaccount thattheGovernment ofNicaragua hassubmitted thenecessary factual
documentation fortheinitiation ofnegotiations5;
Noting thatoneMember which hasreserved itsrighttoenter intonegotiations inaccordance
withArticle XXVIII hasnotyetsenttheGovernment ofNicaragua anyrequest forclarification inthat
respect;
Considering thatinorder tofulfil theprocedures established bytheCouncil Decision of
12July1993 forrectification andrenegotiation oftheschedules ofconcessions negotiated inGATT
under theHarmonized System andinorder toholdconsultations inconformity withtheprovisions
ofArticle XXVIII, theGovernment ofNicaragua, having fulfilled therequirements oftheUnderstanding
inRespect ofWaivers ofObligations under theGATT 1994, hasrequested afurther extension ofthe
waiver ofitsobligations under Article IIofGATT 19946;
TheGeneral Council, acting pursuant totheprovisions ofArticle IXoftheWTO Agreement,
Decides, inviewoftheexceptional circumstances, toextend until30April 1998thetime-limit
provided forintheDecision of26January 1994.
1AdoptedinaccordancewiththeDecision-MakingProceduresunderArticlesIXandXIIoftheWTOAgreemen t
agreed bytheGeneral Council (WT/L/93).
2L/7406 .
3WT/L/211 .
4WT/L/3 +Corr.1 .
5G/SECRET/HS/3.
6G/L/187.