RESTRICTED
WORLD TRADE G/C/W/6
23June1995
ORGANIZATION(95-1687)
Original: Spanish COUNCIL FOR TRADE INGOODS
3July1995
NICARAGUA -ESTABLISHMENT OFANEW SCHEDULE XXIX
Draft Decision onExtension ofTime-Limit
Considering thattheCONTRACTING PARTIES, byDecisions of26January 19941and
9December 19942,suspended theapplication oftheprovisions ofArticle IIoftheGATT 1947toenable
theGovernment ofNicaragua toimplement theCentral American Tariff System (SAC) which isbased
ontheHarmonized Commodity Description andCoding System (Harmonized System);
Considering thatthefootnote toAnnex IA,Section onGATT 1994, subparagraph 1(b)(iii)
oftheAgreement Establishing theWorld Trade Organization requires theMinisterial Conference to
establish atitsfirstsession arevised listofwaivers granted under Article XXV ofGATT 1947 and
stillinforce onthedateofentry intoforce oftheWTO Agreement;
Considering thatbyaDecision of31January 19953theGeneral Council established alistof
waivers existing attheentry intoforce oftheWTO Agreement, which included thewaiver granted
Nicaragua fortheestablishment ofanewSchedule XXIX;
Considering thatparagraph 2oftheUnderstanding inRespect ofWaivers ofObligations under
theGeneral Agreement onTariffs andTrade 1994 provides thatanywaiver ineffect onthedateof
entryintoforceoftheWTOAgreementshallterminateunlessextendedinaccordancewiththeprocedures
setoutinparagraph 1oftheaforementioned Understanding andthose ofArticle IXofthe
WTO Agreement onthedateofitsexpiry ortwoyears from thedateofentry intoforce ofthe
WTO Agreement, whichever isearlier;
Taking intoaccount thattheGovernment ofNicaragua hassubmitted thenecessary factual
documentation fortheinitiation ofnegotiations4;
Considering thatinorder tofulfil theprocedures established bytheCouncil Decision of
12July1983 forrectification andrenegotiation oftheschedules ofconcessions negotiated inGATT
under theHarmonized System andinorder toholdconsultations inconformity withtheprovisions
ofArticleXXVIII,theGovernmentofNicaragua,havingfulfilledtherequirementsoftheUnderstanding
1L/7406.
2L/7600.
3WT/L/3 andCorr.1.
4G/SECRET/HS/3.
./.G/C/W/6
Page2
inRespect ofWaivers ofObligations under theGATT 1994, hasrequested afurther extension ofthe
waiver ofitsobligations under Article IIofGATT 1994 until31December 19955;
TheGeneral Council, acting pursuant totheprovisions ofArticle IXoftheWTO Agreement,
Decides, inviewoftheexceptional circumstances, toextend until31December 1995thetime-
limitprovided forintheDecision of26January 1994.
5G/L/5.