Which Of The Following Is A Provision Of The Uruguay Round Agreement

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The agreement would establish a Council for Trade-Related Aspects of Intellectual Property Rights to oversee the operation of the Agreement and compliance with the Agreement by governments. Dispute settlement would take place within the framework of the GATT integrated dispute settlement procedures as revised in the Uruguay Round. The GATT dispute settlement system is generally regarded as one of the cornerstones of the multilateral trade order. The system has already been strengthened and streamlined by reforms, which are within the year. Disputes currently dealt with by the Council are subject to these new rules, which provide for greater automation of decisions on the establishment, mandate and composition of bodies, so that such decisions are no longer subject to the consent of the parties to the dispute. The Uruguay Round Agreement on Dispute Settlement Rules and Procedures (DSU) will further significantly strengthen the existing system and extend the greater automation agreed upon during the mid-term review to the adoption of panel results and a new Appellate Body. In addition, the Department of Exchange will establish an integrated system that will allow WTO Members to base their claims on one of the multilateral trade agreements contained in the annexes to the Agreement Establishing the WTO. To this end, a dispute settlement body (DSB) exercises the powers of the General Council and the boards and committees of the covered agreements. The agricultural package also deals with many other issues which are of crucial economic and political importance to many Members. These include provisions encouraging the use of less trade-distorting domestic support measures to preserve the rural economy, which allow measures to be taken to reduce the adjustment burden, as well as the introduction of strictly prescribed provisions allowing for flexibility in the implementation of commitments. The special concerns of developing countries have been taken into account, including the concerns of net food-importing and least-developed countries.

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