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> Marrakesh Agreement establishing the…

Chapter 60: Marrakesh Agreement establishing the World Trade Organization

Chapter 60: Marrakesh Agreement establishing the World Trade Organization

pp. 509-518

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Edited by , University of Helsinki
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Summary

www.wto.org/english/docs_e/legal_e/04-wto_e.htm

Concluded: 15 April 1994

In force: 1 January 1995

Article I Establishment of the Organization 510

Article II Scope of the WTO 510

Article III Functions of the WTO 510

Article IV Structure of the WTO 511

Article V Relations with Other Organizations 512

Article VI The Secretariat 512

Article VII Budget and Contributions 513

Article VIII Status of the WTO 513

Article IX Decision-Making 513

Article X Amendments 515

Article XI Original Membership 516

Article XII Accession 516

Article XIII Non-Application of Multilateral Trade Agreements

between Particular Members 517

Article XIV Acceptance, Entry into Force and Deposit 517

Article XV Withdrawal 518

Article XVI Miscellaneous Provisions 518

The Parties to this Agreement,

Recognizing that their relations in the field of trade and economic endeavour should be conducted with a view to raising standards of living, ensuring full employment and a large and steadily growing volume of real income and effective demand, and expanding the production of and trade in goods and services, while allowing for the optimal use of the world's resources in accordance with the objective of sustainable development, seeking both to protect and preserve the environment and to enhance the means for doing so in a manner consistent with their respective needs and concerns at different levels of economic development,

Recognizing further that there is need for positive efforts designed to ensure that developing countries, and especially the least developed among them, secure a share in the growth in international trade commensurate with the needs of their economic development,

Being desirous of contributing to these objectives by entering into reciprocal and mutually advantageous arrangements directed to the substantial reduction of tariffs and other barriers to trade and to the elimination of discriminatory treatment in international trade relations,

Resolved, therefore, to develop an integrated, more viable and durable multilateral trading system encompassing the General Agreement on Tariffs and Trade, the results of past trade liberalization efforts, and all of the results of the Uruguay Round of Multilateral Trade Negotiations,

Determined to preserve the basic principles and to further the objectives underlying this multilateral trading system,

Agree as follows:

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