XVIII Section B
  8 Contracting Parties recognize that LDCs experience balance of payments difficulties when developing due to "efforts to expand their internal markets as well as from the instability in their terms of trade."
  9 Sanctions import restrictions for LDCs for balance of payments purposes, subject to paragraphs 10-12.
  10 May discriminate "to give priority" to "more essential" imports, but must avoid unnecessary damage, preserve regular channels of trade and respect intellectual property rights.
  11 Must aim to reduce restrictions to the extent possible given the country's development policy.
  12(a) Requires consultations immediately upon instituting or tightening restrictions.
  12(b) Requires consultations at intervals of not less than two years.
  12(c) (i) Contracting Parties shall indicate and may advise about any inappropriate policies found during consultations. (ii) Contracting Parties may recommend revisions for damaging policies and authorize retaliation in cases of noncompliance.
  12(d) Authorizes dispute settlement following a failure of bilateral negotiations.
  12(e) A CP which finds that retailation under subparagraphs c(ii) or d threatens its development program, the CP can offer within 60 days after the retaliation to provide 60 days notice of withdrawal from the Agreement.
  12(f) Requires Contracting Parties to recognize the role of import restrictions as noted in paragraph 2 and should strive to render decisions "within sixty days of the initiation of consultations."