RESTRICTED
WORLD TRADE G/C/W/51/Rev.1
17September 1996
ORGANIZATION(96-3640)
Original: English Council forTrade inGoods
19September 1996
CUBA -ARTICLE XV:6
Extension ofWaiver
Draft Decision
Revision
Noting therequest bytheGovernment ofCuba foranextension ofthewaiver relieving itfrom
theprovisions ofparagraph 6ofArticle XVoftheGeneral Agreement onTariffs andTrade 1994,
which provide thatanycontracting party which ceases tobeamember oftheInternational Monetary
Fund shallenter intoaspecial exchange agreement withtheWTO;
Consideringthat,owingtospecialcircumstances,theapplicationoftheprovisionsofparagraph6
ofArticle XVtoCuba would onceagain raiseanumber oflegalandpractical difficulties;
Noting theassurances given bytheGovernment ofCuba thatitwillactinexchange matters
inconformity withtheprinciples andintent oftheGeneral Agreement;
TheMembers, acting pursuant totheprovisions ofparagraph 3ofArticle IXoftheAgreement
ontheWTO,
Decide:
1. Without derogation from anyother provisions ofArticle XVandsubject totheterms and
conditions setoutbelow, toextend thewaiver granted totheGovernment ofCuba byDecision of7
August 1964relieving itfromtheprovisions ofparagraph 6ofthesaidArticle until31December 2001.
2. Theextension shallbesubject totheGovernment ofCuba satisfying theWTO thatitsaction
inexchange matters isfullyconsistent withtheprinciples andintent oftheGeneral Agreement.
3. TheGovernment ofCuba willsubmit totheGeneral Council anannual report onthe
implementation ofthiswaiver withaviewtofacilitating theannual review provided forinparagraph
4ofArticle IXoftheWTO Agreement.
4. TheGovernmentofCubawill,uponrequest,promptlyenterintoconsultationswithanyinterested
Member withrespect toanydifficulty ormatter thatmayariseasaresult oftheimplementation of
thiswaiver; where aMember considers thatanybenefit accruing toitunder theGATT 1994 maybe
orisbeing impaired unduly asaresult ofsuchimplementation, suchconsultation shallexamine the
possibility ofaction forasatisfactory adjustment ofthematter. ThisDecision doesnotaffect Members '
rights assetforthintheUnderstanding inRespect ofWaivers ofObligations under theGATT 1994.