| II | Schedules of Concessions | |
| 1 | Requires "treatment no less favorable" than Schedules of concessions, annexed to the Agreement (165) | |
| 2 | Allows exceptions for internal taxes, countervailing and antidumping duties, and charges for services rendered | |
| 3 | Prohibits manipulating dutiable value or exchange rates (ERs) to evade Schedules | |
| 4 | Monopoly importers cannot evade Schedules, but "assistance to domestic producers permitted by other provisions of this Agreement" remains acceptable. | |
| 5 | Provides for dispute negotiations and "compensatory adjustment" (at least for tariff classification disputes) | |
| 6 | Adopts IMF par values for ERs for IMF members, and allows for adjustments for ER changes > 20% | |
| 7 | Makes Schedules "an integral part of Part I" | |