Uruguay Agreement

The agreement provides for three categories of grants. First, it considers that the following subsidies are “prohibited”: these, neither in law nor as another condition, for export performance; and that these, whether alone or as one of several other conditions, depend on the use of imported goods in the domestic market. Prohibited subsidies are subject to new dispute resolution procedures. One of the main features is the acceleration of the timing of the dispute resolution authority`s actions and, if it is found that the subsidy is effectively prohibited, it must be withdrawn immediately. If this is not the case within the specified time frame, the complaining member has the right to take counter-measures. (For more details on the procedures, see “Dispute Settlement”). These regions eventually became the three main pillars of the final agricultural agreement. But before that happens, the negotiators would have to set the level of concessions to be made, and that lasted another two years of difficult negotiations. The agenda, originally enshrined in the Uruguay Round agreements, has experienced additions and modifications.

Some items are now part of the Doha agenda, some of which have been updated. The final act on the outcome of the uruguay round multilateral trade negotiations, signed by ministers on 15 April 1994 in Marrakech, is 550 pages long and contains legal texts that set out the results of the negotiations since the beginning of the September 1986 round in Punta del Este, Uruguay. In addition to the texts of the conventions, the final act also contains texts of ministerial decisions and declarations that specify certain provisions of certain agreements. The agreement recognizes that the principles and obligations of the GATT apply to the activities of government-mandated regulators for early shipping. Obligations imposed on the governments of ISP users include non-discrimination, transparency, protection of confidential business information, prevention of undue delays, the application of specific guidelines for the implementation of price controls and the prevention of conflicts of interest by ISP agencies. The first annex of the agreement concerns the free movement of workers. It allows the parties to negotiate specific commitments applicable to the transport of persons providing services under the agreement. It requires that persons under a special obligation be given the opportunity to provide the service under the terms of the obligation.

However, the agreement would not apply to measures relating to employment, nationality, residence or employment. The Financial Services Annex (mainly banks and insurance) defines the right of parties to take prudential measures, including to protect investors, deposit holders and policyholders, regardless of other provisions, and to ensure the integrity and stability of the financial system.