RESTRICTED
PREPARATORY COMMITTEE PC/W/29
FOR THE 21December 1994
WORLD TRADE ORGANIZATION
(94-2875)
PREPARATORY COMMITTEE FOR THE
WORLD TRADE ORGANIZATION
DRAFT DECISION CONCERNING THE FINALIZATION OFNEGOTIATIONS
ONSCHEDULES ONGOODS AND SERVICES
ThePREPARATORY COMMITTEE FOR THE WORLD TRADE ORGANIZATION
invites theGeneral Council oftheWTO totakethefollowing decision atitsfirstmeeting:
TheGeneral Council oftheWTO,
Recalling thatArticle XIoftheAgreement establishing theWTO requires that"thecontracting parties
toGATT 1947 asofthedateofentry intoforce ofthisAgreement, andtheEuropean Communities,
which accept thisAgreement andtheMultilateral Trade Agreements andforwhich Schedules of
Concessions andCommitments areannexed toGATT 1994 andforwhich Schedules ofConcessions
andCommitments areannexed toGATS shallbecome original Members oftheWTO".
Noting thatcertain contracting parties toGATT 1947 which became contracting parties inthecourse
of1994andwerenotabletoconclude negotiations ontheirdraftfinalschedules before theentry into
force oftheWTO, andwould needadditional timetofinalize negotiations onthese schedules with
other Uruguay Round participants,
Noting thatithadbeentheintention ofthese contracting parties toaccept theWTO Agreement under
Article XIVoftheAgreement Establishing theWTO anddesiring tofacilitate theaccession ofthese
contracting parties under Article XIIonterms identical tothose which would haveapplied hadthey
beenabletofinalize negotiations ontheirschedules priortotheentryintoforceoftheWTO Agreement;
decides asfollows:
Contracting parties totheGATT 1947, which became contracting parties inthecourse of1994,
andwhich submitted theirdraftSchedules totheGATT 1994andtotheGATS before thedateofentry
intoforce oftheWTO Agreement butwereunable tocomplete thenegotiations onthem before that
date,maysubmit thenegotiated Schedules totheGATT 1994 andtheGATS totheGeneral Council
until31March 1995. Theapproval bytheGeneral Council ofsuchschedules shallbedeemed tobe
theapproval oftheterms ofaccession bytheMembers oftheWTO under Article XII,paragraph 2
oftheWTO Agreement.