Article X Of The Wto Agreement

1. Goods (including baggage) as well as ships and other means of transport are considered to pass through the territory of a contractor when the passage through that area, with or without transshipment, storage, destruction or modification of the means of transport, is only part of a complete journey beginning and ending beyond the border of the contracting company. , in the territory in which traffic passes. Traffic of this type is designated in this article traffic during the passage. 2. In all cases where contracting PARTIES are invited to examine or address problems related to foreign exchange reserves, balances of payments or exchange agreements, they consult fully with the International Monetary Fund. During these consultations, contractING PARTIES accept all statistical findings and other data presented by the Fund with respect to currencies, foreign exchange reserves and balances of payments and accept the Fund`s determination of the compliance of a party`s trade activities with the articles of the International Monetary Fund agreement. , or under a special exchange agreement between that party and contractING PARTIES. CONTRACTING PARTIES, when deciding on their final decision when the criteria set out in Article XII, paragraph 2, point a), or Article XVIII, paragraph 9, apply, accept the Fund`s determination of what constitutes a significant decrease in the foreign exchange reserve assets of the contracting parties, a very low level of its foreign exchange reserve assets or a reasonable increase in its reserve assets. , and with respect to the financial aspects of other inconsistencies in such cases. 3. Paragraph 1 applies between a member and another member who has joined under Article XII only if the member who does not accept the application has informed the Ministerial Conference of the terms of membership before the agreement is approved by the Ministerial Conference.

2. The agreements and related legal instruments, known as multilateral trade agreements, which are contained in Schedules 1, 2 and 3, are an integral part of this agreement and are binding on all members.