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WORKSHOP ON WTO-RELATED ISSUES - page 5 / 23

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5

Why Countries Apply NTBs (con’d)

In the Tokyo Round, a number of Agreements were adopted that  lay down principles, guidelines and rules which countries must follow in adopting rules in particular areas.  Most of these Agreements have been further improved and strengthened in the Uruguay Round of Trade Negotiations.

The Agreements in brief are:

Agreement on Customs Valuation

Agreement on Import Licensing Procedures

Understanding on Balance of Payment Measures

Agreement on Technical Barriers to trade

Agreement on Safeguards

Agreement on Subsidies and Countervailing Measures

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