RESTRICTED
WORLD TRADE WT/BOP/10
12December 1995
ORGANIZATION(95-4031)
Committee onBalance-of-Payments Restrictions
RULES OFPROCEDURE FOR MEETINGS OFTHE
COMMITTEE ONBALANCE-OF-PAYMENTS RESTRICTIONS
1. TheCommittee onBalance-of-Payments Restrictions isasubsidiary body oftheMinisterial
Conference/General Council. Assuch, itapplies therules ofprocedure oftheGeneral Council as
setoutindocument WT/L/28, mutatis mutandis.
2. Thefollowing rulesofprocedure areagreed asexceptions tothegeneral principle established
inparagraph 1:
(i) Membership andparticipation inmeetings
- Membership oftheCommittee isopentoallMembers oftheWTO indicating their
wishtoserve onit.WTO Members wishing tobemembers oftheCommittee should
communicate thisbyletter totheDirector General, afterwhich theybecome members.
- Members oftheWTO, notbeing members oftheCommittee, mayattend Committee
meetings asobservers.
- TheIMF isinvited toparticipate inCommittee meetings under theconsultation
procedures laiddown inArticle XV:2 ofGATT 1994.
- Informal meetings shallbeopen toCommittee members. TheIMFmaybeinvited
asnecessary.
(ii) Agenda
Rule5oftheRules ofProcedure formeetings oftheGeneral Council isnotapplicable.
(iii) Decision-making
- TheCommittee 'sreports totheGeneral Council shallfollow theguidelines laiddown
inparagraph 13oftheUnderstanding ontheBalance-of-Payments Provisions ofthe
GATT 1994. Intheabsence ofconsensus, theCommittee 'sconclusions shallrecord
thedifferent views expressed intheCommittee.