XXVIIIbis | Tariff Negotiations | |
1. | Authorizes the Contracting Parties to sponsor tariff reduction negotiations "from time to time." | |
2(a) | Specifies a range of permissible negotiation options. | |
2(b) | Recognizes the importance of participation of all leading trade partners. | |
3. | Requires that negotiations take into account: (a) the needs of individual Contracting Parties and industries; (b) the needs of LDCs for flexibility and tariff revenues; and (c) all other relevant circumstances. |