Balance of payments
Countries facing balance-of-payment difficulty may apply import restrictions under provisions in the GATT 1994 agreement and under the General Agreement on Trade in Services (GATS).
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News
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Introduction
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The provisions
Use of the balance of payments provisions in the WTO is governed by the following agreements, which can be downloaded or browsed from the legal texts gateway.
- Articles XII and XVIII:B of GATT 1994
- The Understanding on the Balance-of-payments Provisions of the GATT 1994
- Article XII of the GATS
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Work on balance of payments in the WTO, and official documents
The Committee on Balance of Payments Restrictions consults with Members who maintain restrictions for balance-of-payments reasons. The current chair is .
Committee meetings