INSTITUTIONS AND PROCEDURE I. GENERAL ..................................................................................................................................................... 1086 II. TRANSITION TO THE WTO .............................................................................................................................. 1087 A. PREPARATORY COMMITTEE FOR THE WTO ..................................................................................................... 1087 B. IMPLEMENTATION CONFERENCE OF 8 DECEMBER 1994 ...................................................................................... 1089 1. Transition to GATT 1994 ................................................................................................................... 1089 2. Decision on Transitional Co-existence of the GATT 1947 and the WTO Agreement ..................................... 1090 3. Other decisions of 8 December 1994 on institutional matters .................................................................... 1091 III. GATT 1947 BODIES ........................................................................................................................................... 1093 A. CONTRACTING PARTIES ............................................................................................................................... 1093 1. Establishment, membership, functions and terms of reference .................................................................. 1093 2. Rules of Procedure ........................................................................................................................... 1094 3. Observer status ................................................................................................................................ 1094 4. Election of officers ............................................................................................................................ 1095 5. Procedures ...................................................................................................................................... 1095 (1) Convening of and circulation of agenda for sessions ....................................................................... 1095 (a) Regular sessions .............................................................................................................. 1095 (b) Special sessions ............................................................................................................... 1096 (2) Conduct of sessions by Chairman .............................................................................................. 1096 (3) Chairman’s rulings .................................................................................................................. 1097 (4) Decision-making, voting and consensus........................................................................................ 1097 (a) Voting majorities ............................................................................................................. 1097 (b) Voting procedure at Sessions ............................................................................................... 1097 (c) Postal and telegraphic voting .............................................................................................. 1098 (d) Consensus ...................................................................................................................... 1098 (5) Relationship between the CONTRACTING PARTIES and Committees or Councils established under the Tokyo Round Agreements ......................................................................................................... 1099 B. INTERSESSIONAL COMMITTEE ...................................................................................................................... 1099 1. Establishment, Membership, Functions and Procedures .......................................................................... 1099 2. Termination ................................................................................................................................... 1100 C. COUNCIL .................................................................................................................................................. 1100 1. Establishment, functions and relationship with the CONTRACTING PARTIES ................................................. 1100 2. Membership ................................................................................................................................... 1101 3. Observer status ................................................................................................................................ 1102 4. Election of officers ............................................................................................................................ 1104 5. Establishment of subsidiary bodies ...................................................................................................... 1104 6. Procedures ...................................................................................................................................... 1105 (1) Rules of procedure ................................................................................................................... 1105 (2) Convening of and circulation of agenda for meetings ..................................................................... 1105 (a) Particular agenda items ..................................................................................................... 1106 (b) “Other business” ............................................................................................................. 1107 (3) Decision-making, voting and consensus........................................................................................ 1108 D. COMMITTEE ON TRADE AND DEVELOPMENT .................................................................................................... 1110 E. WORKING PARTIES ...................................................................................................................................... 1111 1. Establishment, terms of reference and operation ..................................................................................... 1111 2. Termination and reconvening of working parties .................................................................................... 1112 F. P RINCIPAL STANDING BODIES ESTABLISHED IN THE GATT .................................................................................. 1113 1. Committee on Balance-of-Payments Restrictions .................................................................................... 1114 2. Committee on Budget, Finance and Administration ................................................................................ 1114 3. Committee on Tariff Concessions ........................................................................................................ 1114 4. Consultative Group of Eighteen ........................................................................................................... 1115 G. DOCUMENTATION ....................................................................................................................................... 1116 1. Document issuance and circulation ...................................................................................................... 1116 2. Derestriction procedures ................................................................................................................... 1116 3. Panel reports and the roster of non-governmental panelists ...................................................................... 1117 4. Documents associated with negotiating rounds ....................................................................................... 1117 5. Documents of bodies established under separate agreements ..................................................................... 1118 IV. INSTITUTIONAL ISSUES IN TRADE NEGOTIATIONS .......................................................................................... 1118 V. T H E INTERIM COMMISSION FOR THE INTERNATIONAL TRADE ORGANIZATION (ICITO) ................................. 1119 1. Establishment and membership ........................................................................................................... 1119 2. Functions ........................................................................................................................................ 1120 1086 ANALYTICAL INDEX OF THE GATT 3. Procedures ...................................................................................................................................... 1122 4. Budget ........................................................................................................................................... 1122 5. Secretariat ....................................................................................................................................... 1122 6. Termination of ICITO and transfer of ICITO and GATT assets, liabilities, records, staff and functions to the WTO ............................................................................................................................................. 1123 VI. BUDGET .......................................................................................................................................................... 1125 A. FINANCIAL AND BUDGET PROCEDURES ...........................................................................................................