The Uruguay Round Agreement Was Phased In Between 1995 And

The agreement establishes an independent verification procedure, jointly managed by an organization representing ISP agencies and an organization representing exporters, to resolve disputes between an exporter and an ISP agency. Part V of the agreement contains institutional provisions, including consultation and dispute resolution and the creation of a services council. The Council`s duties are defined in a ministerial decision. 49In late 1994 and early 1995, a draft Memorandum of Understanding was prepared for the abolition of child labour, signed by BGMEA, AAFLI, UNICEF, the Centre for Development Research, Bangladesh (CDRB) and the American-Bangladesh Economic Forum (ABEF). On 17 May 1995, the extraordinary general meeting of the BGMEA rejected the agreement on which its executive committee initially agreed by an overwhelming majority. The agreement contains requirements for the security investigation, which include public public publicity of hearings and other appropriate means to enable interested parties to provide evidence, including whether a measure would be in the public interest. In critical circumstances, an interim safeguard measure may be imposed on the basis of an interim finding of serious injury. The duration of such an interim measure would not exceed 200 days. The agreement strengthens the obligation for the importing country to establish a clear causal link between dumped imports and harm to domestic industry. The review of dumped imports on the industry concerned must include an assessment of all relevant economic factors relating to the situation of the industry concerned. The agreement confirms the existing interpretation of the term „domestic industry.“ Subject to certain exceptions, the „domestic industry“ refers to domestic producers as a whole of similar products or to those whose macro-economic production of products accounts for a significant share of total domestic production of these products.

A textile monitoring body (TMB) monitors the implementation of commitments and reports on key audits mentioned above. The agreement also provides for special treatment for certain categories of countries – for example, those that have not been members of the AMF since 1986, new entrants, small suppliers and least developed countries. Finally, the number of princely initiatives and certification initiatives for trade in forest products has increased rapidly in recent years, although few regulations have been put into practice to date.