(5) There is a commodity trade council, a services council and a council on aspects of intellectual property rights that affect trade (`TRIPS Advice`), acting under the general direction of the General Council. The Trade in Goods Council monitors the operation of the multilateral trade agreements in Schedule 1A. The Council for Trade in Services monitors the functioning of the general agreement on trade in services (`GATS`). The TRIPS Council monitors the functioning of the agreement on aspects of intellectual property rights that affect trade (hereafter referred to as the TRIPS Agreement). These councils carry out the functions entrusted to them by their respective agreements and by the General Council. They decide on their internal regulations, subject to the agreement of the General Council. Membership in these councils is open to representatives of all members. These councils may meet to carry out their duties. 1.
The WTO provides a common institutional framework for the implementation of trade relations between its members in areas under the agreements and legal instruments attached to them. 9. At the request of the parties to a trade agreement, the Ministerial Conference may decide by mutual agreement to include this agreement in Schedule 4. At the request of the parties to a multi-lateral trade agreement, the Ministerial Conference may decide to remove this schedule 4 agreement. On behalf of the European Community (now the European Union), the decision approves the agreement establishing the World Trade Organization (WTO). This publication contains the text of the founding WTO agreement, the 1994 Marrakesh Agreement establishing the World Trade Organization, and its annexes, including all amendments and additions made from its entry into force until September 2017. These include an amendment to the WTO Intellectual Property Agreement (TRIPS) to improve developing countries` access to medicines, of the WTO Trade Facilitation Agreement, which came into force in February 2017, an amendment adopted in July 2017 to extend the frequency of peer review periods under the Trade Policy Review Mechanism from 2019 , and the amended public procurement agreement B. This publication updates and replaces the legal texts: the results of Uruguay`s multilateral trade round, which was first printed in 1994. (2) The WTO provides the status of negotiations among its members on multilateral trade relations in the cases under this agreement.
The WTO can also provide a forum for further negotiations among its members on their multilateral trade relations and a framework for the implementation of the outcome of these negotiations, as decided by the Ministerial Conference. 2. The agreements and related legal instruments, known as multilateral trade agreements, which are contained in Schedules 1, 2 and 3, are an integral part of this agreement and are binding on all members. 3. Paragraph 1 applies between a member and another member who has joined under Article XII only if the member who does not accept the application has informed the Ministerial Conference of the terms of membership before the agreement is approved by the Ministerial Conference.