Section 146p. 146

PUBLIC INTERNATIONAL LAW COMPENDIUM VOLUME II

ARTICLE 71

Any Contracting State may denounce this Convention by

written notice to the depositary of this Convention. The

denunciation shall take effect six months after receipt of

such notice.

ARTICLE 72

Notice by a Contracting State pursuant to Articles 70 or 71

shall not affect the rights or obligations under this

Convention of that State or of any of its constituent

subdivisions or agencies or of any national of that State

arising out of consent to the jurisdiction of the Centre

given by one of them before such notice was received by

the depositary.

ARTICLE 73

Instruments of ratification, acceptance or approval of this

Convention

and

of

amendments

thereto

shall

be

deposited with the Bank which shall act as the depositary

of this Convention. The depositary shall transmit certified

copies of this Convention to States members of the Bank

and to any other State invited to sign the Convention.

ARTICLE 74

The depositary shall register this Convention with the

Secretariat of the United Nations in accordance with

Article 102 of the Charter of the United Nations and the

Regulations

thereunder

adopted

by

the

General

Assembly.

ARTICLE 75

The depositary shall notify all signatory States of the

following:

(a) signatures in accordance with Article 67;

(b) deposits of instruments of ratification, acceptance and

approval in accordance with Article 73;

(c) the date on which this Convention enters into force in

accordance with Article 68;

(d) exclusions from territorial application pursuant to

Article 70;

(e) the date on which any amendment of this Convention

enters into force in accordance with Article 66; and

(f) denunciations in accordance with Article 71.

DONE at Washington, in the English, French and Spanish

languages, all three texts being equally authentic, in a

single copy which shall remain deposited in the archives

of

the

International

Bank

for

Reconstruction

and

Development, which has indicated by its signature below

its agreement to fulfil the functions with which it is

charged under this Convention.

(Convention on the Settlement of Investment Disputes

between States and Nationals of Other States, [March 18,

1965])

General Agreement on Trade in Services

Members ,

Recognizing the growing importance of trade in services

for the growth and development of the world economy;

Wishing

to

establish

a

multilateral

framework

of

principles and rules for trade in services with a view to the

expansion of such trade under conditions of transparency

and

progressive

liberalization

and

as

a

means

of

promoting the economic growth of all trading partners

and the development of developing countries;

Desiring the early achievement of progressively higher

levels

of

liberalization

of

trade

in

services

through

successive rounds of multilateral negotiations aimed at

promoting the interests of all participants on a mutually

advantageous basis and at securing an overall balance of

rights

and

obligations,

while

giving

due respect to

national policy objectives;

Recognizing the right of Members to regulate, and to

introduce new regulations, on the supply of services

within their territories in order to meet national policy

objectives and, given asymmetries existing with respect

to the degree of development of services regulations in

different countries, the particular need of developing

countries to exercise this right;

Desiring

to

facilitate

the

increasing

participation

of

developing

countries

in

trade

in

services

and

the

expansion of their service exports including, inter alia,

through the strengthening of their domestic services

capacity and its efficiency and competitiveness;

Taking particular account of the serious difficulty of the

least-developed

countries

in

view

of

their

special

economic situation and their development, trade and

financial needs;

Hereby agree as follows:

PART I Scope and Definition

ARTICLE I

Scope and Definition

1. This Agreement applies to measures by Members

affecting trade in services.

2. For the purposes of this Agreement, trade in services is

defined as the supply of a service:

(a) from the territory of one Member into the territory of

any other Member;

(b)

in

the

territory

of

one

Member

to

the

service

consumer of any other Member;

(c)

by

a

service

supplier

of

one

Member,

through

commercial

presence

in

the

territory

of

any

other

Member;

(d)

by

a

service

supplier

of

one

Member,

through

presence of natural persons of a Member in the territory

of any other Member.

3. For the purposes of this Agreement:

(a) "measures by Members" means measures taken by:

(i) central, regional or local governments and authorities;

and

(ii) non-governmental bodies in the exercise of powers

delegated by central, regional or local governments or

authorities;

In fulfilling its obligations and commitments under the

Agreement, each Member shall take such reasonable

measures as may be available to it to ensure their

observance

by

regional

and

local governments and

authorities

and

non-governmental

bodies

within

its

territory;

(b) "services" includes any service in any sector except

services

supplied

in

the

exercise

of

governmental

authority;

(c) "a service supplied in the exercise of governmental

authority" means any service which is supplied neither on

a commercial basis, nor in competition with one or more

service suppliers.

PART II General Obligations and Disciplines

ARTICLE II

Most-Favoured-Nation Treatment

1.

With

respect

to

any

measure

covered

by

this

Agreement, each Member shall accord immediately and

unconditionally to services and service suppliers of any

other Member treatment no less favourable than that it

accords to like services and service suppliers of any other

country.

© Compiled by RGL

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