> Communication from the TNC Chairman
> Lamy welcomes WTO agreement on regional trade agreements
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The new transparency mechanism — negotiated in the Negotiating Group on Rules — provides for early announcement of any RTA and notification to the WTO.
Members will consider the notified RTAs on the basis of a factual presentation by the WTO Secretariat.
The Committee on Regional Trade Agreements will conduct the review of RTAs falling under Article XXIV of General Agreement on Tariffs and Trade (GATT) and Article V of the General Agreement on Trade in Services (GATS). The Committee on Trade and Development will conduct the review of RTAs falling under the Enabling Clause (trade arrangements between developing countries).
The transparency mechanism is implemented on a provisional basis. Members are to review, and if necessary modify, the decision, and replace it by a permanent mechanism adopted as part of the overall results of the Doha Round.
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