RESTRICTED
WORLD TRADE WT/L/76
25July1995
ORGANIZATION(95-2151)
Original: English
PROCEDURE FOR DECISIONS HAVING FINANCIAL IMPLICATIONS
WHICH MAY BETAKEN BYWTO BODIES
Thefollowing communication, dated 21July1995, fromtheChairman oftheGeneral Council
totheChairpersons ofallWTO bodies, isbeing circulated toMembers fortheirinformation.
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"Atitsmeeting on29June1995, theCommittee onBudget, Finance andAdministration
recommended thattheChairman oftheGeneral Council inform theChairpersons ofallWTO bodies
ofthefollowing recommendation oftheCommittee:
"The Committee recommends that,when considering anydecision which mayhave
financial implications fortheWTO, WTO Bodies shall, before adecision istaken,
soinform theChairman oftheCommittee onBudget, Finance andAdministration,
identifying, insofaraspossible, areas intheir sphere ofcompetence where
compensatorysavingscouldbeachieved.TheCommitteewillthenexaminethefinancial
implicationsandproposedfunding,includingtheidentificationofexistingWTOactivities
wheresavingscouldbeachievedforthefirststart-upyearandforthefollowingon-going
year(s), andforward suchinformation totheGeneral Council. With fullknowledge
ofthefinancial implications andproposed funding, theGeneral Council willthentake
afinaldecision." (WT/BFA/5, paragraph 2).
Atitsmeeting on11July1995, theGeneral Council approved thisrecommendation.
Accordingly, Iamtransmitting thistoyouforyourinformation."