Marrakesh Agreement Establishing The World Trade Organisation


    2. Membership decisions are made by the Ministerial Conference. The Ministerial Conference approves the agreement on the terms of membership by a two-thirds majority of WTO members. (5) There is a commodity trade council, a services council and a council on aspects of intellectual property rights that affect trade (`TRIPS Advice`), acting under the general direction of the General Council. The Trade in Goods Council monitors the operation of the multilateral trade agreements in Schedule 1A. The Council for Trade in Services monitors the functioning of the general agreement on trade in services (`GATS`). The TRIPS Council monitors the functioning of the agreement on aspects of intellectual property rights that affect trade (hereafter referred to as the TRIPS Agreement). These councils carry out the functions entrusted to them by their respective agreements and by the General Council. They decide on their internal regulations, subject to the agreement of the General Council. Membership in these councils is open to representatives of all members. These councils may meet to carry out their duties. 2. The agreements and related legal instruments, known as multilateral trade agreements, which are contained in Schedules 1, 2 and 3, are an integral part of this agreement and are binding on all members.

    This agreement defines the scope, functions and structure of the World Trade Organization (WTO). The agreements previously negotiated under the General Agreement on Tariffs and Trade (GATT), as well as the Uruguay Round agreements, have been incorporated as integral parts of the Marrakesh Agreement and have been incorporated into its annexes. These agreements are now considered WTO agreements. Eager to contribute to these objectives by concluding reciprocal and mutually beneficial agreements aimed at substantially reducing tariffs and other trade barriers and eliminating discriminatory treatment in international trade relations, the Council concluded, on behalf of the EU, the agreements reached in the multilateral negotiations of the Uruguay Round (1986-1994) – aspects related to trade in goods , the WTO General Council adopted on 27 November 2014 the protocol amending the Marrakesh Agreement establishing the World Trade Organization (hereafter known as the Protocol) and open to adoption by WTO members. At the ninth WTO Ministerial Conference in Bali on 3-6 December 2013, the Ministerial Decision on Trade Facilitation was adopted, concluding the negotiations of the Trade Facilitation Agreement, subject to a legal review of the text.