Final Act Embodying the Results of the Uruguay Round of Multilateral Trade Negotiations
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:
(a) 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;
(b) 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 Agreement.
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.
Continue on to Agreement Establishing the
World Trade Organization