(5) There is a Council for Trade in Goods, a Council for Trade in Services and an Council on Trade-Related Aspects of Intellectual Property Rights (hereinafter referred to as the “TRIPS Council”) acting under the general direction of the General Council. The Council for Trade in Goods monitors the operation of the multilateral trade agreements listed in Annex 1A. The Council for Trade in Services shall supervise the operation of the General Agreement on Trade in Services (`GATS`). The TRIPS Council shall monitor the operation of the Agreement on Trade-Related Aspects of Intellectual Property Rights (`the TRIPS Agreement`). These councils shall exercise the functions entrusted to them by their respective agreements and by the General Council. They agree with the General Council. Membership in these councils is open to representatives of all members. This advice is necessary for the accomplishment of their tasks. The growth of international trade has given rise to a complex and ever-increasing primary law, including international treaties and agreements, domestic legislation and jurisprudence on the settlement of trade disputes. This research guide focuses primarily on the multilateral trading system managed by the World Trade Organization. It also contains information on regional and bilateral trade agreements, particularly those to which the United States is a party. The Contracting Parties to GATT 1947, on the date of entry into force of this Agreement, and the European Communities which adopt this Agreement and the multilateral trade agreements, for which the Schedule of Concessions and Commitments is annexed to the GATT in 1994 and for which the Schedule of Specific Commitments is annexed to the GATS, become original members of the WTO. 1.
Any State or separate customs territory which has full autonomy in the exercise of its external trade relations and other matters provided for in this Agreement and the multilateral trade agreements may accede to that Agreement under conditions to be agreed between it and the WTO. This accession shall apply to this Agreement and to the multilateral trade agreements annexed to the Convention. 9. At the request of Members which are Parties to a trade agreement, the Ministerial Conference may decide exclusively by mutual agreement to include this Agreement in Annex 4. . . .