What Is The Purpose Of Uruguay Round Agreement

Posted on Friday, October 15th, 2021 at 7:56 pm

All restrictions on the MFA in force on 31 December 1994 would be incorporated into the new agreement and maintained until the restrictions are lifted or the products are incorporated into the GATT. For products that remain subject to restrictions at any stage, the agreement establishes a formula to increase existing growth rates. For example, annual growth in Phase 1 and for each restriction previously provided for in the bilateral aMF agreements applicable in 1994 should not be less than 16 % of the growth rate set for the previous MFA restriction. For Stage 2 (1998 to 2001 inclusive), annual growth rates are expected to be 25% higher than Level 1 rates. For Stage 3 (2002 to 2004 inclusive), annual growth rates are expected to be 27% higher than Level 2 rates. Part III of the Agreement sets out the obligations of member governments to provide procedures and remedies under their national law to ensure that intellectual property rights can be effectively enforced by foreign right holders and their own nationals. Procedures should allow for effective action against infringements of intellectual property rights, but should be fair and equitable, should not be unnecessarily complicated or costly, and should not result in unreasonable delays or undue delays. They should allow for judicial review of final administrative decisions. There is no obligation to establish a judicial system separate from law enforcement in general or to give priority to the enforcement of intellectual property rights in the allocation of resources or personnel. .

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