GENERAL AGREEMENT on Mmiogp W 13/86 TARIFFS and TRADE 5* November 1956 Limited Distribution CONTRACTING PARTIES Thirteenth Session

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GENERAL AGREEMENT ON mmiogp W 13/86 TARIFFS AND TRADE 5* November 1956 Limited Distribution CONTRACTING PARTIES Thirteenth Session EXPIRY Or THE "HARD CORE" DECISION OF 5 MARCH 1955 Draft Decision At the plenary meeting on 3 November the CONTRACTING PARTIES agreed to extend for another year the time-limit within which contracting parties may submit applications for the concurrence of the CONTRACTING PARTUS, pursuant to the Decision of 5 March 1955, in the maintenance of import restrictions under Article XII, The following draft Decision is submitted for approval by the CONTRACTING PARTIES: "PROBLEMS RAISED FOR CONTRACTING PARTIES IN ELIMINATING IMPORT RESTRICTIONS MAINTAINED DURING A PERIOD OF BALANCE-OF-PAYMENTS DIFFICULTIES Decision of ., November 1958 "Considering that the requests for concurrence of the CONTRACTING PARTIES pursuant to the Decision of 5 March 1955 had to be forwarded before the applicant contracting party ceased to be entitled to maintain the restriction under the relevant provision of the General Agreement to safeguard its external financial position and its balance of payments, and in any ease not later than 31 December 1958; and "Considering further that the CONTRACTING PARTIES have provided for the possibility of an extension of that time-limit by a decision approved by the majority then specified in paragraph 5 (a) of Artiole XXV, which time-limit was extended by the Decision of 1 November 1957 until 31 December 1958; "The CONTRACTING PARTIES, acting pursuant to the provisions of Article XXV:5 of the General Agreement "Decide: 1, to receive requests for concurrence pursuant to the Decision of 5 Maroh 1955 communicated to them not later than 31 December 1959 under the terms and conditions set forth in that Decision; 2, to review paragraph A:l of the Decision of 5 March 1955 at their last Session in 1959," (For the text of the Decision of 5 March 1955, see BISD, Third Supplement, page 38. and for the Decision of 1 November 1957, see Sixth Supplement, page 32.) .

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