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Article 1 Definition of a Subsidy

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32.5 Each Member shall take all necessary steps, <strong>of</strong> a general or particular<br />

character, to ensure, not later than the date <strong>of</strong> entry into force <strong>of</strong> the WTO<br />

Agreement for it, the conformity <strong>of</strong> its laws, regulations and administrative<br />

procedures with the provisions <strong>of</strong> this Agreement as they may apply to the Member<br />

in question.<br />

32.6 Each Member shall inform the Committee <strong>of</strong> any changes in its laws and<br />

regulations relevant to this Agreement and in the administration <strong>of</strong> such laws and<br />

regulations.<br />

32.7 The Committee shall review annually the implementation and operation <strong>of</strong> this<br />

Agreement, taking into account the objectives there<strong>of</strong>. The Committee shall inform<br />

annually the Council for Trade in Goods <strong>of</strong> developments during the period covered<br />

by such reviews.<br />

32.8 The Annexes to this Agreement constitute an integral part there<strong>of</strong>.<br />

ANNEX I<br />

ILLUSTRATIVE LIST OF EXPORT SUBSIDIES<br />

(a)<br />

(b)<br />

(c)<br />

(d)<br />

(e)<br />

The provision by governments <strong>of</strong> direct subsidies to a firm or an industry<br />

contingent upon export performance.<br />

Currency retention schemes or any similar practices which involve a bonus on<br />

exports.<br />

Internal transport and freight charges on export shipments, provided or<br />

mandated by governments, on terms more favourable than for domestic<br />

shipments.<br />

The provision by governments or their agencies either directly or indirectly<br />

through government-mandated schemes, <strong>of</strong> imported or domestic products or<br />

services for use in the production <strong>of</strong> exported goods, on terms or conditions<br />

more favourable than for provision <strong>of</strong> like or directly competitive products or<br />

services for use in the production <strong>of</strong> goods for domestic consumption, if (in<br />

the case <strong>of</strong> products) such terms or conditions are more favourable than those<br />

commercially available 57 on world markets to their exporters.<br />

The full or partial exemption remission, or deferral specifically related to<br />

exports, <strong>of</strong> direct taxes 58 or social welfare charges paid or payable by<br />

industrial or commercial enterprises. 59<br />

57 The term "commercially available" means that the choice between domestic and imported products is<br />

unrestricted and depends only on commercial considerations.<br />

58 For the purpose <strong>of</strong> this Agreement:

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