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Understanding in Respect of Waivers of Obligations under the General Agreement on Tariffs and Trade 1994

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Chapter Summary

The Understanding in Respect of Waivers of Obligations under the General Agreement on Tariffs and Trade 1994 (the Understanding) was negotiated during the Uruguay Round and constitutes a part of General Agreement on Tariffs and Trade 1994 (GATT 1994). It sets out prerequisites for requests for waivers and extensions of waivers from obligations under GATT 1994, as well as for the extension of waivers from obligations under GATT 1947 granted before the entry into force of the World Trade Organization (WTO) Agreement. It further clarifies the impact of waivers on the applicability of Art. XXIII GATT 1994. Each Annual Report published by the WTO Secretariat contains a list of waivers which have been reviewed by the General Council according to Art. IX:4 WTO Agreement and a list of waivers that have been granted under Art. IX WTO Agreement during the period covered by the respective report.

Keywords: GATT 1994; Uruguay Round; waivers; World Trade Organization (WTO)

10.1163/ej.9789004145634.1-704.33
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