. /.  WORLD TRADE  
ORGANIZATION  G/SCM/91/Add.2 
16 November 2004 
 (04-4905) 
Committee on Subsidies 
and Countervailing Measures  
 
 
 
CONTINUATION OF EXTENSION UNDER SCM ARTICLE 27.4 
OF THE TRANSITION PERIOD FOR THE EL IMINATION OF EXPORT SUBSIDIES  
PURSUANT TO THE PROCEDURES IN G/SCM/39 
 
ST. VINCENT AND THE GRENADINES 
 
Fiscal Incentives Act No. 5 of 1982, as amended  
  
Decision of 4 November 2004 
 
Addendum  
  The Committee on Subsidies and Countervailing Measures (the “Committee”),    As directed by the Fourth Ministerial Conference, in  its Decision on Implementation-Related 
Issues and Concerns, (WT/MIN(01)/17, 20 November 2001); 
 
 In following the “Procedures for Extensions Under Article 27.4 for Certain Developing 
Country Members” (G/SCM/39, 20 November 2001) ("the Procedures"), including paragraphs 1(d) 
and 1(e) thereof; 
 
 Taking into account the request and other notified inform ation provided by St. Vincent and 
the Grenadines to the Committee,1 pursuant to the Procedures, fo r Fiscal Incentives Act No. 5 of 
1982, as amended (“the programme”); 
 
 Recalling that it considered, for purposes of the decision in G/SCM/91 taken by the 
Committee on 22 November 2002, St. Vincent and the Grenadines to be a developing country Member, whose share of world merchandise export trade was not greater than 0.10 per cent and whose total Gross National Income for the year 2000 as published by the World Bank was at or below 
US$20 billion, and who was otherwise eligible to requ est an extension pursuant to Article 27.4 of the 
Agreement on Subsidies and Counterva iling Measures ("the SCM Agreement"); 
  Taking note that  St. Vincent and the Grenadines confirms that the programme has not been 
modified since 1 January 2003 so as to make it mo re favourable in terms of scope, coverage and 
intensity of benefits than it was on 1 September 2001; 
 
 On the basis of  the review of the notified information by the Committee pursuant to 
paragraphs 1(d) and 1(e) of the Procedures to ve rify St. Vincent and the Grenadines' fulfilment, 
during the period reviewed by the Committee in 2004, of its obligations with respect to the 
                                                      
1 The notified information on the basis of which this decision is taken is found in documents 
G/SCM/N/74/VCT (4 January 2002), G/SCM/N/71/VCT (20 March 2002), G/SCM/N/99/VCT (26 August 2003), G/SCM/N/99/VCT (7 July 2004), G/ SCM/Q3/VCT/1 (8 April 2002) to G/SCM/Q3/VCT/8 
(26 July 2002).   G/SCM/91/Add.2 
Page 2  
 
 programme under the transparency and standstill provis ions as contained in para graphs 3 and 4 of the 
Procedures, in relation to the program me as in existence on 1 September 2001; 
  Hereby agrees to continue, until 31 December 2005, pur suant to the Procedures, the extension 
and continuation thereof granted in G/SCM/91 and Add.1 of the transition period, under 
Article 27.2(b) of the SCM Agreement, for the elimin ation of export subsidies which take the form of 
full or partial exemptions from import duties and inte rnal taxes and which were in existence under the 
programme on 1 September 2001.  All terms and c onditions and other provisions of the decision in 
G/SCM/91 and Add.1 shall apply.  
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