. /.   WORLD TRADE  
ORGANIZATION  G/SCM/91/Add.5 
6 December 2007 
 (07-5404) 
Committee on Subsidies 
and Countervailing Measures  
 
 
 
CONTINUATION FOR CALENDAR YEAR 2008 OF EXTENSION UNDER  
SCM ARTICLE 27.4 OF THE TRANSITION PERIOD FOR THE  
ELIMINATION OF EXPORT SUBSIDIES PURSUANT TO THE  
GENERAL COUNCIL DECISION OF 27 JULY 2007 (WT/L/691) 
 
SAINT VINCENT AND THE GRENADINES  
 
Fiscal Incentives Act No. 5 of 1982, as amended  
 
Decision of  5 December 2007  
 
Addendum  
 
  The Committee on Subsidies and Countervailing Measures (the "Committee"),  
 
 Having regard to the "Procedures for Continuation of Extens ions Pursuant to Article 27.4 of 
the SCM Agreement  of the Transition Period under Article 27.2(b) of the SCM Agreement  for Certain 
Developing Country Members" (document WT /L/691), adopted by the General Council on 
27 July 2007 ("the Procedures");   
 
 Taking into account the request made by Saint Vincent and the Grenadines under 
paragraph 1(a) of the Procedures1 and the reference made in that request to the updating notification 
for calendar year 2006 submitted by Saint Vincent a nd the Grenadines pursuant to paragraph 1(d) of 
the "Procedures for Extensions under Article 27. 4 for Certain Developing Country Members" 
(document G/SCM/39 of 20 November 2001), fo r the Fiscal Incentives Act No. 5 of 1982, as 
amended ("the programme");2   
  Recalling that the Committee considered, for purpo ses of the decision in G/SCM/91 taken by 
the Committee on 22 November 2002, Saint Vincent a nd 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 Countervaili ng Measures ("the SCM Agreement");   
 
 Taking note that  Saint Vincent and the Grenadines confir ms 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;   
 
 
                                                      
1 This request has been circulated in document G/SCM/N/163/VCT dated 16 November 2007.   
2 This notification has been circulated in document G/SCM/N/160/VCT dated 2 November 2007.   G/SCM/91/Add.5 
Page 2  
 
   On the basis of  the review of the notified information by the Committee pursuant to 
paragraphs 1(d) and 1(e) of G/SCM/39 to verify Saint Vincent and the Grenadines' fulfilment, during 
the period reviewed by the Committee in 2007, of its  obligations with respect to the programme under 
the transparency and standstill provisions as contained in paragraphs 3 and 4 of  G/SCM/39, in relation 
to the programme as in existence on 1 September 2001;   
 
 Hereby agrees to continue, until 31 December 2008, pu rsuant to paragraph 1(b) of the 
Procedures, the extension granted in G/SCM/91 and Add.1-4 of the transition period, under 
Article 27.2(b) of the SCM Agreement , for the elimination 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 Procedures 
shall apply.     
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