Wto Fta Agreements

WTO Members concluding a free trade agreement or interim agreement must inform the WTO without delay and provide information that will enable reports and recommendations to be submitted to WTO Members.10 Free trade agreements are traditionally reviewed by ad hoc working groups that prepare reports on their findings and submit them to WTO Members for consideration. The 1994 agreement requires the working parties to report to the WTO Council for Trade in Goods, which will make recommendations to WTO Members. Under Article XXIV(10), WTO Members may, by a two-thirds majority, adopt proposals that are not in full conformity with Article XXIV, provided that they lead to the formation of a free trade agreement in accordance with Article 11.11 Parties to a non-compliant agreement may also request a waiver of the obligations under Article IX of the WTO Agreement, which provides for waivers in “exceptional circumstances” if three-quarters of WTO members agree.12 More information For wto international and regional trade agreements, see the WTO WEBSITE under www.wto.org/english/tratop_e/region_e/region_e.htm. The Market Access Card was developed by the International Trade Centre (ITU) to facilitate market access for businesses, governments and researchers. The database, which is visible via the market access card online tool, contains information on tariff and non-tariff barriers in all active trade agreements, not limited to those officially notified to the WTO. It also documents data on non-preferential trade agreements (e.B. Generalised System of Preferences). By 2019, the Market Access Map has provided downloadable links to textual agreements and their rules of origin. [27] The new version of the Market Access Card, to be published this year, will provide direct web links to relevant contract pages and connect to other CIR tools, in particular the Rules of Origin Facilitator.

It is expected to become a versatile tool to help businesses understand free trade agreements and qualify for the original requirements under these agreements. [28] The trade agreement database provided by the ITC Market Access Card. With hundreds of free trade agreements currently in place and under negotiation (around 800 under ITC`s Rules of Origin Facilitator, including non-reciprocal trade agreements), it is important for businesses and policymakers to keep an eye on their status. .