3. The agreements listed in Schedule 4 and related legal instruments (so-called multilateral trade agreements) are also part of this agreement for the members who have adopted them and are binding on those members. Multilateral trade agreements do not create obligations or rights for Members who have not accepted them. 2. Membership decisions are made by the Ministerial Conference. The Ministerial Conference approves the agreement on the terms of membership by a two-thirds majority of WTO members. The final act of the Uruguay Round, signed in Marrakech on 15 April 1994, includes some 60 agreements, annexes, decisions and agreements, including the Marrakesh Agreement („WTO Agreement”),” establishing the WTO, the 1994 GATT and other agreements such as the General Agreement on Trade in Services (GATS) and the Agreement on Trade in Intellectual Property Rights (TRIPS). 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. (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. The growth of international trade has led to a complex and increasingly broad primary law, including international treaties and agreements, national legislation and trade dispute settlement jurisprudence. This research guide focuses primarily on the multilateral trading system managed by the World Trade Organization.
It also contains information on regional and bilateral trade agreements, including those involving the United States. (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. WRLC is the Washington Research Library Consortium, which consists of about 13 local libraries (we have a quick loan agreement between this group of institutions).