       DECISION ON THE APPLICATION AND REVIEW OF THE UNDERSTANDING
      ON RULES AND PROCEDURES GOVERNING THE SETTLEMENT OF DISPUTES


The Ministers,

      Agree that existing rules and procedures of the GATT 1947 in the field 
of dispute settlement shall remain in effect until the date of entry into 
force of the Understanding on Rules and Procedures Governing the Settlement 
of Disputes under the Multilateral Trade Organization.  It is further agreed 
that in respect of disputes for which the request for consultation was made 
before the date of entry into force of the said Understanding, the relevant 
Councils or Committees shall remain in operation for the purpose of dealing 
with those disputes.

      Agree that a full review of dispute settlement rules and procedures 
under the Multilateral Trade Organization, as set out in the said 
Understanding, shall be completed within four years after its entry into 
force, and a decision shall be taken on the occasion of the first meeting at 
Ministerial level after the completion of the review, whether to continue, 
modify or terminate such dispute settlement rules and procedures.



                      

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