1. Having met in order
to conclude the Uruguay Round of Multilateral Trade Negotiations,
representatives of the governments and of the European Communities,
members of the Trade Negotiations Committee, agree that the Agreement
Establishing the World Trade Organization (referred to in this Final
Act as the “WTO Agreement”), the Ministerial Declarations and
Decisions, and the Understanding on Commitments in Financial Services, as
annexed hereto, embody the results of their negotiations and form an
integral part of this Final Act.
2. By signing the
present Final Act, the representatives agree
to submit, as appropriate, the WTO Agreement for the consideration
of their respective competent authorities with a view to seeking approval
of the Agreement in accordance with their procedures; and
to adopt the Ministerial Declarations and Decisions.
3. The representatives agree
on the desirability of acceptance of the WTO Agreement by all
participants in the Uruguay Round of Multilateral Trade Negotiations
(hereinafter referred to as “participants”) with a view to its entry
into force by 1 January 1995, or as early as possible thereafter. Not
later than late 1994, Ministers will meet, in accordance with the final
paragraph of the Punta del Este Ministerial Declaration, to decide on the
international implementation of the results, including the timing of their
entry into force.
4. The representatives agree
that the WTO Agreement shall be open for acceptance as a whole, by
signature or otherwise, by all participants pursuant to Article XIV
thereof. The acceptance and entry into force of a Plurilateral Trade
Agreement included in Annex 4 of the WTO
Agreement shall be governed by the provisions of that Plurilateral Trade
5. Before accepting the WTO Agreement, participants which are not contracting parties to the General Agreement on Tariffs and Trade must first have concluded negotiations for their accession to the General Agreement and become contracting parties thereto. For participants which are not contracting parties to the General Agreement as of the date of the Final Act, the Schedules are not definitive and shall be subsequently completed for the purpose of their accession to the General Agreement and acceptance of the WTO Agreement.
6. This Final Act and
the texts annexed hereto shall be deposited with the Director-General to
the CONTRACTING PARTIES to the General Agreement on Tariffs and Trade who
shall promptly furnish to each participant a certified copy thereof.
DONE at Marrakesh this fifteenth day of April one thousand nine
hundred and ninety-four, in a single copy, in the English, French and
Spanish languages, each text being authentic.