RESTRICTED

(95-2037)

Original: English

Committee on Subsidies and Countervailing Measures

SUBSIDIES

Notifications Pursuant to Article XVI:1 of the GATT 1994

and Article 25 of the Agreement on Subsidies and

Countervailing Measures

KOREA

The following communication, dated 30 June 1995, has been received from the Permanent Mission of Korea.

In view of the decision taken by the CONTRACTING PARTIES of the GATT 1947 on Avoidance of Procedural and Institutional Duplication (L/7582, dated 13 December 1994) this notification is deemed to be also a notification under Article XVI:1 of the GATT 1947.

_______________

With regard to the notification provided in Article XVI:1 of the GATT 1994 and Article 25.2 of the Agreement on Subsidies and Countervailing Measures and pursuant to the document G/SCM/N/3, I regret to inform you that the notification can not be made by 30 June 1995 due to the period of time required for translation into a working language of the WTO. The Korean Government intends to present its notification as early as possible after the completion of the translation.