PROTOCOL FOR THE ACCESSION of Venezuela to the General Agreement on Tariffs and Trade

The governments which are contracting parties to the General Agreement on Tariffs and Trade (hereinafter referred to as 'Contracting Parties` and 'the General Agreement`, respectively), the European Economic Community and the Government of Venezuela (hereinafter referred to as 'Venezuela`),

Having regard to the results of the negotiations directed towards the accession of Venezuela to the General Agreement,

Have through their representative agreed as follows:

PART I

General

1. Venezuela shall, upon entry into force of this Protocol pursuant to paragraph 6, become a Contracting Party to the General Agreement, as defined in Article XXXII thereof, and shall apply to the Contracting Parties, provisionally and subject to this Protocol:

(a) Parts I, III and IV of the General Agreement,

and

(b) Part Part II of the General Agreement to the fullest extent not inconsistent with its legislation existing on the date of this Protocol.

The obligations incorporated in paragraph 1 of Article I by reference to Article III and those incorporated in paragraph 2 (b) of Article II by reference to Article VI of the General Agreement shall be considered as falling within Part II of the General Agreement for the purpose of this paragraph.

2. (a) The provisions of the General Agreement to be applied to Contracting Parties by Venezuela shall, except as otherwise provided in this Protocol and in the commitments listed in paragraph 90 of document L/6696, be the provisions contained in the text annexed to the Final Act of the second session of the Preparatory Committee of the United Nations Conference on Trade and Employment, as rectified, amended and otherwise modified by such instruments as may have become effective on the day on which Venezuela becomes a Contracting Party.

(b) In each case in which paragraph 6 of Article V, subparagraph 4 (d) of Article VII and subparagraph 3 (c) of Article X of the General Agreement refer to the date of that Agreement, the applicable date in respect of Venezuela shall be the date of this Protocol.

PART II

Schedule

3. The Schedule in the Annex shall, upon the entry into force of this Protocol, become a Schedule to the General Agreement relating to Venezuela.

4. (a) In each case in which paragraph 1 of Article II of the General Agreement refers to the date of that Agreement, the applicable date in respect of each product which is the subject of a concession provided for in the Schedule annexed to this Protocol shall be the date of this Protocol.

(b) For the purpose of the reference in paragraph 6 (a) of Article II of the General Agreement the date of that Agreement, the applicable date in respect of the Schedule annexed to this Protocol shall be the date of this Protocol.

PART III

Final provisions

5. This Protocol shall be deposited with the Director-General to the Contracting Parties. It shall be open for acceptance by signature or otherwise, by Venezuela, until 31 December 1990. It shall also be open for acceptance by the Contracting Parties and by the European Economic Community.

6. This Protocol shall enter into force on the 30th day following the day upon which it is accepted by Venezuela.

7. Venezuela, having become a Contracting Party to the General Agreement according to paragraph 1 of this Protocol, may accede to the General Agreement upon the applicable terms of this Protocol by deposit of an instrument of accession with the Director-General. Such accession shall take effect on the day on which the General Agreement enters into force pursuant to Article XXVI or on the 30th day following the day of the deposit of the instrument of accession, whichever is the later. Accession to the General Agreement pursuant to this paragraph shall, for the purposes of paragraph 2 of Article XXXII of that Agreement, be regarded as acceptance of the Agreement pursuant to paragraph 4 of Article XXVI thereof.

8. Venezuela may withdraw its provisional application of the General Agreement before its accession thereto pursuant to paragraph 7; such withdrawal shall take effect on the 60th day following the day on which written notice thereof is received by the Director-General.

9. The Director-General shall promptly furnish a certified copy of this Protocol and a notification of each acceptance thereof, pursuant to paragraph 5, to each Contracting Party, to the European Economic Community, to Venezuela and to each government which has acceded provisionally to the General Agreement.

10. This Protocol shall be registered in accordance with the provisions of Article 102 of the Charter of the United Nations.

Done at Geneva this twenty-sixth day of July one thousand nine hundred and ninety, in a single copy, in the English, French and Spanish languages, except as otherwise specified with respect to the Schedule annexed hereto, each text being authentic.

ANNEX

Schedule LXXXVI - Venezuela

(This Schedule may be consulted in the GATT Secretariat in Geneva.)