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Balance of payments
WTO members facing balance-of-payment difficulty may apply import restrictions under provisions in the General Agreement on Tariffs and Trade (GATT) 1994 and under the General Agreement on Trade in Services (GATS).
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Introduction
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The provisions
Use of the balance of payments provisions in the WTO is governed by the following agreements, which can be downloaded or browsed from the legal texts gateway.
- Articles XII and XVIII:B of GATT 1994
- The Understanding on the Balance-of-payments Provisions of the GATT 1994
- Article XII of the GATS
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Committee on balance of payments in the WTO, and official documents
The Committee on Balance-of-Payments Restrictions oversees the implementation of the Agreement on Balance-of-Payments Restrictions and provides a forum for members to raise and address related questions and concerns. The current chair is .
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