The Marrakesh Agreement, signed in 1994, established the World Trade Organization (WTO) and its rules and regulations for global trade. Article IX of the Marrakesh Agreement sets out the procedures for the establishment and administration of the WTO, including the process for accession of new members.
The provisions of Article IX lay down the framework for the WTO`s functions, structures, and decision-making procedures. The article provides for the establishment of the Ministerial Conference as the highest decision-making body of the WTO. It also establishes the General Council as the governing body of the organization and sets out its powers and responsibilities.
The article outlines the procedures for the accession of new members to the WTO. A state seeking membership must submit an application to the General Council, which must then grant a Working Party to assess the state`s trade policies and economic measures. The Working Party then prepares a report on the state`s accession, which includes the terms and conditions for the state`s membership. The General Council then approves the accession package, and the state formally becomes a member of the WTO by ratifying the terms and conditions.
Article IX also establishes the Secretariat, responsible for carrying out the day-to-day activities of the WTO. The Secretariat`s duties include servicing the Ministerial Conference, General Council, and other WTO committees and working groups.
The Marrakesh Agreement has been instrumental in promoting free trade among its member states and has helped strengthen the global economy. The provisions of Article IX ensure the efficient functioning of the WTO and its ability to admit new members, enabling the organization to expand its reach and impact throughout the world.
In conclusion, Article IX of the Marrakesh Agreement is a crucial component of the WTO`s structure and operations. Its provisions establish the procedures for the establishment and administration of the organization and enable new states to join and benefit from the advantages of global trade. As the world continues to evolve and change, the importance of the WTO and its agreements, including the Marrakesh Agreement, will only increase.