RESTRICTED
WORLD TRADE G/C/W/14
23June1995
ORGANIZATION(95-1703)
COUNCIL FOR TRADE INGOODS
3July1995
TRINIDAD AND TOBAGO -ESTABLISHMENT OFANEW SCHEDULE LXVII
Draft Decision onExtension ofTime-Limit
Considering thattheCONTRACTING PARTIES, bytheir Decision of20August 19931,
suspended theapplication oftheprovisions ofArticle IIofGATT 1947totheextent necessary toenable
theGovernment oftheRepublic ofTrinidad andTobago torenegotiate itsSchedule andtotranspose
itintotheHarmonized Commodity Description andCoding System (Harmonized System);
Considering thatthefootnote toAnnex IA,Section onGATT 1994, sub-paragraph 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 19952theGeneral Council established alistof
waivers existing attheentry intoforce oftheWTO Agreement, which included thewaiver granted
toTrinidad andTobago fortheestablishment ofanewSchedule LXVII;
Considering thatparagraph 2oftheUnderstanding inRespect ofWaivers ofObligations under
theGeneral Agreement onTariffs andTrade 1994 provides thatanywaiver ineffect onthedateof
entryintoforceoftheWTOAgreementshallterminateunlessextendedinaccordancewiththeprocedures
setoutinparagraph 1oftheaforementioned Understanding andthose ofArticle IXoftheWTO
Agreement onthedateofitsexpiry ortwoyears from thedateofentry intoforce oftheWTO
Agreement, whichever isearlier;
Noting thattherelevant documents havenotyetbeencirculated toother contracting parties
duetotechnical reasons, butthattheGovernment ofTrinidad andTobago hopes todosobefore the
nextmeeting oftheGeneral Council, andwillattempt toconclude theprocess assoonaspossible
thereafter;
Taking intoaccount thattheGovernment ofTrinidad andTobago, having fulfilled the
requirements ofparagraph 1oftheUnderstanding inRespect ofWaivers ofObligations under the
GATT 1994, hasrequested anextension ofitswaiver until31December 19953;
1L/7290.
2W/L/3 +Corr.1.
3G/L/13.
./.G/C/W/14
Page2
TheGeneral Council, acting pursuant totheprovisions ofArticle IXoftheWTO Agreement,
Decides, inview oftheexceptional circumstances, toextend thetime-limit provided forin
theDecision of20August 1993, until31December 1995.