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Ministers,
Noting
the close relationship between the CONTRACTING PARTIES to the GATT 1947
and the International Monetary Fund, and the provisions of the GATT 1947
governing that relationship, in particular Article XV of the GATT 1947;
Recognizing
the desire of participants to base the relationship of the World Trade
Organization with the International Monetary Fund, with regard to the
areas covered by the Multilateral Trade Agreements in Annex 1A of
the WTO Agreement, on the provisions that have governed the
relationship of the CONTRACTING PARTIES to the GATT 1947 with the
International Monetary Fund;
Hereby reaffirm that, unless
otherwise provided for in the Final Act, the relationship of the
WTO with the International Monetary Fund, with regard to the areas
covered by the Multilateral Trade Agreements in Annex 1A of the
WTO Agreement, will be based on the provisions that have governed the
relationship of the CONTRACTING PARTIES to the GATT 1947 with the
International Monetary Fund.
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