Modification of Schedules Sample Clauses

Modification of Schedules. 1. A Party may modify or withdraw any commitment in its Schedule, at any time after three years from the date on which that commitment has entered into force provided that:
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Modification of Schedules. The Parties shall, upon written request by a Party, hold consultations to consider any modification or withdrawal of a specific commitment in the requesting Party’s Schedule of specific commitments. The consultations shall be held within three months after the requesting Party made its request. In the consultations, the Parties shall aim to ensure that a general level of mutually advantageous commitments no less favourable to trade than that provided for in the Schedule of specific commitments prior to such consultations is maintained. Modifications of Schedules are subject to the procedures set out in Articles 7.1 and 9.6
Modification of Schedules. 1. A Party may modify or withdraw any commitment in its schedule of specific commitments in Annex 3 (Schedules of Specific Services Commitments) or Annex 4 (Schedules of Movement of Natural Persons Commitments), at any time after three years have elapsed from the date on which this Agreement enters into force, in accordance with the procedures set out in Article XXI of GATS, mutatis mutandis, and the Procedures for the Implementation of Article XXI of GATS set out in WTO document S/L/80 of 29 October 1999 (the GATS Article XXI Procedures), mutatis mutandis, as amended from time to time.
Modification of Schedules. 1. (a) A Member (referred to in this Article as the "modifying Member") may modify or withdraw any commitment in its Schedule, at any time after three years have elapsed from the date on which that commitment entered into force, in accordance with the provisions of this Article.
Modification of Schedules. 1. A Party ("modifying Party") may modify or withdraw any commitment in its Schedules in Annex 4 (Schedules of Specific Services Commitments) and Annex 6 (Schedules of Movement of Natural Persons Commitments) at any time after three years have elapsed from the date on which that commitment entered into force.
Modification of Schedules. 1. On the first day of each three-year period, the first period beginning on 1 January 1958 (or on the first day of any other period* that may be specified by the CONTRACTING PARTIES by two-thirds of the votes cast) a contracting party (hereafter in this Article referred to as the "applicant contracting party") may, by negotiation and agreement with any contracting party with which such concession was initially negotiated and with any other contracting party determined by the CONTRACTING PARTIES to have a principal supplying interest* (which two preceding categories of contracting parties, together with the applicant contracting party, are in this Article hereinafter referred to as the "contracting parties primarily concerned"), and subject to consultation with any other contracting party determined by the CONTRACTING PARTIES to have a substantial interest* in such concession, modify or withdraw a concession* included in the appropriate schedule annexed to this Agreement.
Modification of Schedules. A Party may modify or withdraw any commitment in its Schedule, at any time after three years have elapsed from the date on which that commitment has entered into force, provided that: it notifies the Parties as well as the Implementing Committee of its intention to modify or withdraw a commitment no later than three months before the intended date of implementation of the modification or withdrawal; and it enters into negotiations with any affected Party to agree to the necessary compensatory adjustment. In achieving a compensatory adjustment, Parties shall ensure that the general level of mutually advantageous commitment is not less favourable to trade than provided for in the Schedules prior to such negotiations. Any compensatory adjustment pursuant to this Article shall be accorded on a non-discriminatory basis to all Parties. If the Parties concerned are unable to reach an agreement on the compensatory adjustment, the matter shall be resolved by arbitration11. The modifying Party may not modify or withdraw its commitment until it has made compensatory adjustments in conformity with the findings of the arbitration. If the modifying Party implements its proposed modification or withdrawal and does not comply with the findings of the arbitration, any Party that participated in the arbitration may modify or withdraw substantially equivalent benefits in conformity with those findings. Notwithstanding Article 23, such a modification or withdrawal may be implemented solely with respect to the modifying Party. CHAPTER IV FINAL PROVISIONS
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Modification of Schedules. 1. Any modification or withdrawal of specific commitments ontrade in services shall be made in accordance with paragraph1 of Article 127. In the negotiations for such modification orwithdrawal, the Parties shall endeavor, in line withsubparagraph 2(a) of Article XXI of the GATS, to maintain ageneral level of mutually advantageous commitments not lessfavorable to trade than that provided for in their Schedulesof Specific Commitments in Annex 5 prior to such negotiations. 2. With regard to the same commitment that appears in a Party'sSchedule of Specific Commitments under both the GATS and thisAgreement, if modification or withdrawal has been made to suchcommitment with regard to its Schedule of Specific Commitmentsunder the GATS and compensatory adjustment has been made to theother Party as an "affected Member" in accordance with ArticleXXI of the GATS, the Parties shall agree to amend this Agreement to incorporate such modification or withdrawal into it withoutfurther negotiation, subject to their applicable domesticprocedures.
Modification of Schedules. 1. A Party (referred to in this Article as the “modifying Party”) may modify or withdraw any commitment in its Schedule in Annex III at any time after three years have elapsed from the date on which that commitment entered into force, provided that:
Modification of Schedules. Article XXI provides a framework of rules for modifying or withdrawing specific commitments. The relevant provisions may be invoked at any time after three years have lapsed from the date of entry into force of a commitment. (In the absence of emergency safeguard measures, which are still under negotiation, this waiting period is reduced to one year under certain conditions). It is thus possible for Members, subject to compensation, to adjust their commitments to new circumstances or policy considerations. At least three months' notice must be given of the proposed change. The compensation to be negotiated with affected Members consists of more liberal bindings elsewhere that "endeavour to maintain a general level of mutually advantageous commitments not less favourable to trade" than what existed before. Application must be on an MFN basis. If the negotiations fail, Article XXI allows for arbitration. If the arbitrator finds that compensation is due, the proposed changes in commitments must not be put into effect until the compensatory adjustments are made. Should the modifying country ignore the arbitrator's findings, affected countries have the right to retaliate by withdrawing commitments. In 1999, the Council for Trade in Services enacted detailed procedures for the modification of schedules pursuant to Article XXI (document S/L/80). Improvements to schedules, i.e. inscription of new sectors or removal of existing limitations, are subject to more streamlined procedures, laid down in document S/L/84.
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