Extension Protocol to the International Textile Trade Agreement
[China Glass Network] Parties to the International Textile Trade Agreement (hereinafter referred to as "this Agreement") act in accordance with Article 10, paragraph 5 of this Agreement, and reiterate that they retain the terms of this Agreement relating to the functions of the Textiles Commission and the Textiles Supervision Agency;
Acknowledging the understanding reached in the conclusions of the Textiles Committee adopted on 14 December 1977 (the copy is attached);
The agreement is as follows:
1. The validity period of this Agreement as stipulated in Article 16 shall be extended by four years to December 31, 1981.
2. This Protocol shall be deposited with the Director General of the States Parties to the GATT. The Protocol shall be open to the parties to this Agreement, to other governments and the European Economic Community that accept or participate in this Agreement in accordance with Article 13, and to accept them by signature or otherwise.
3. This Protocol shall enter into force for the countries that accept this Protocol from 1 January 1978. Countries that accept this Protocol later shall enter into force on the day they accept it.
This Protocol was concluded in Geneva on December 14, 1977. It is a copy of the original text, and its English, French and Spanish texts are equally authentic.
The conclusions of the Textiles Committee adopted on December 14, 1977:
1. Participants in this agreement exchanged views on the prospects of the Multi-Fibre Agreement (ie, the International Textile Trade Agreement, referred to as "this Agreement").
2. From the annual and important comments of the Textiles Committee on this agreement, it is clear that some importing countries and some exporting countries have encountered some practical difficulties in implementing the provisions of this agreement. The discussions on this aspect are generally satisfactory and unsatisfactory. These difficulties, some of which have long-term nature, seriously affect trade and economic development in developing countries.
3. The members of the Textile Committee recognized that the development trend of the world textile trade will still be disappointing. If this situation is not seriously dealt with, it may give the participating countries of the international textile trade (whether importing or exporting, or both) Bring damage. This may have a negative impact on the prospects for international cooperation in the field of textile trade and may also have an adverse impact on general trade relations, especially in developing countries.
4. Some participating countries (importing and exporting member countries) believe that the provisions of this agreement need to be revised. Other countries believe that some of the difficulties that have occurred are implementation issues, and the provisions of the Multi-Fibre Agreement are sufficient to deal with these difficult issues. The participating countries agreed that any serious problems in the textile trade should be resolved through consultation and negotiation.
5. 1 Regarding the so-called urgent import issue mentioned by a major importing country in its statement to the Textiles Committee, the Textiles Committee believes that such issues should be bilaterally provided in accordance with Articles 4 or 3, paragraphs 3 and 4. solve.
5. 2 The Textiles Committee noted that a major importing country’s statement stated that it would achieve its intended purpose on the basis of bilateral consultations and negotiations; and noted that some exporting countries (the three countries currently involved in this agreement) The dominant position in the textile exports is the kindness and flexibility expressed.
5. 3 The Committee agrees that any such consultations and negotiations shall be conducted within the scope of this Agreement in an spirit of equality and flexibility in order to achieve mutual acceptance in accordance with Article 4, paragraph 3, or Article 3, paragraphs 3 and 4. The solution, including the possibility of jointly deciding a reasonable deviation under special circumstances in special circumstances.
5. 4 The Committee agrees that any such deviations referred to in the above three items will be temporary and that the participating countries should return to the scope of this Agreement in the shortest possible time.
5. 5 At the same time, the Commission urged all participating countries to conduct immediate negotiations on mutually acceptable solutions in the spirit of this Agreement.
5. 6 The Commission confirmed that in exploring such solutions, the interests of developing countries, new participants and small suppliers should be emphasized and should be kept in mind in accordance with the provisions of paragraph 4 of the preceding article.
6. The Commission recognizes that some markets are small and import levels are high, while countries with relatively low levels of domestic production are particularly vulnerable to the trade issues mentioned in the preceding paragraphs. Their problems should be resolved in a spirit of fairness and flexibility. The provisions of the second paragraph of the preceding article should be fully implemented for these countries.
7. The committee reiterated that the two bodies of this agreement, the Textiles Committee and the Textiles Supervision Agency, should continue to work effectively within their respective mandates.
8. Reiterate that in the course of the implementation of this Agreement, in the context of this Agreement, especially in the context of the provisions of paragraphs 3 and 6 of the preceding article, due consideration shall be given to the special problems of developing countries.
9. All participating countries believe that mutual cooperation is the basis of this agreement and is the basis for solving various problems in a way that promotes the goals and objectives of this agreement. All participating countries stressed that the main purpose of this agreement is to ensure the expansion of textile trade, especially the expansion of textile trade in developing countries, and gradually achieve the elimination of trade barriers and the liberalization of trade in the textile world, while at the same time in the importing countries and Avoid devastating effects on individual markets and individual production industries in exporting countries. In this regard, the participating countries believe that in order to ensure the normal functioning of this Agreement, all participating countries should refrain from taking measures other than those specified in this Agreement for textiles before all remedies provided for in this Agreement are exhausted.
10. Taking into account the evolving and cyclical nature of the textile trade and the constructive and equitable way of benefiting the parties concerned; the priority of addressing the issue for importing and exporting countries, and based on the above mentioned paragraphs mentioned in paragraphs IX Element, the Textiles Committee believes that the current multi-fiber agreement should be extended for four years, for which purpose the agreement must be signed from December 15, 1977.
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