. /.   WORLD TRADE  
ORGANIZATION  WT/COMTD/SE/W/22/Rev.3/Corr.1*
15 May 2009 
 
 (09-2384) 
Committee on Trade and Development 
Dedicated Session  
 
 
 
WORK PROGRAMME ON SMALL ECONOMIES  
 
Compilation paper prepared by the Secretariat  
 
Corrigendum  
  Page 18, paragraph 63 should be replaced as follows:  
A. T
IERED FORMULA FOR TARIFF REDUCTIONS  
63. Developing country Members other than tho se specified in paragraph 65 below shall 
reduce their final bound tariffs in eleven equal annual instalments over ten years in 
accordance with the following tiered formula: 
(a) where the final bound tariff or ad valorem  equivalent is greater than 0 and 
less than or equal to 30 per cent, the reduction shall be 2/3 of the cut for 
developed country Members in paragraph 61(a) above; 
(b) where the final bound tariff or ad valorem  equivalent is greater than 
30 per cent and less than or equal to 80 per cent, the reduction shall be 2/3 of 
the cut for developed country Memb ers in paragraph 61(b) above; 
(c) where the final bound tariff or ad valorem  equivalent is greater than 
80 per cent and less than or equal to 1 30 per cent, the reduction shall be 2/3 
of the cut for developed country Memb ers in paragraph 61(c) above;  and 
(d) where the final bound tariff or ad valorem  equivalent is greater than 
130 per cent, the reduction shall be 2/3 of the cut for developed country Members in paragraph 61(d) above. 
Page 43, paragraphs 137, 138 and 139 should be replaced to read as follows: 
 
A. T
IERED FORMULA FOR TARIFF REDUCTIONS  
61. Developed country Members  shall reduce their final bound tariffs  in equal annual 
instalments over five years in accordan ce with the following tiered formula: 
                                                      
* In English only. WT/COMTD/SE/W/22/Rev.3/Corr.1 
Page 2  
 
  (a) where the final bound tariff or ad valorem  equivalent is greater than 0 and less than or 
equal to 20 per cent, the reduction shall be 50 per cent; 
(b) where the final bound tariff or ad valorem  equivalent is greater than 20 per cent and 
less than or equal to 50 per cent, the reduction shall be 57 per cent; 
(c) where the final bound tariff or ad valorem  equivalent is greater than 50 per cent and 
less than or equal to 75 per cent, the reduction shall be 64 per cent;  and 
(d) where the final bound tariff or ad valorem  equivalent is greater than 75 per cent, the 
reduction shall be [(66) (73)] per cent. 
63. Developing country Members other than tho se specified in paragraph 65 below shall reduce 
their final bound tariffs in equal annual instalments over eight years in accordance with the following 
tiered formula: 
(a) where the final bound tariff or ad valorem  equivalent is greater than 0 and less than or 
equal to 30 per cent, the reduction shall be  2/3 of the cut for developed country 
Members in paragraph 61(a)  above; 
(b) where the final bound tariff or ad valorem  equivalent is greater than 30 per cent and 
less than or equal to 80 per cent, the reduc tion shall be 2/3 of the cut for developed 
country Members in paragraph 61(b) above; 
(c) where the final bound tariff or ad valorem  equivalent is greater than 80 per cent and 
less than or equal to 130 per cent, the reduction shall be 2/3 of the cut for developed country Members in paragraph 61(c) above;  and 
(d) where the final bound tariff or ad valorem  equivalent is greater than 130 per cent, the 
reduction shall be 2/3 of the cut for deve loped country Members in paragraph 61(d) 
above. 
65. Those small, vulnerable economies
40, including those among them which are ceiling binding 
and homogenously low binding countries, which choose to exercise the option set forth in paragraph 120 below shall be entitle d to moderate the cuts specified in paragraph 63 above by a 
further 10 ad valorem  percentage points in each band. 
__________  
                                                     
 
40 The Members concerned are those that meet the cr iteria set out in paragraph 151 and are listed in 
Annex I.  As is made clear in the Agreed Framewor k, Small vulnerable economies (SVEs) are not meant to 
create any sub -category of Members.  Bearing that principle in mind, the following Members could also be 
deemed to be eligible for this treatment, should they choose to avail themselves of it, despite not being members 
of the SVE Group per se  given that this treatment could be deemed  to be broadly comparably appropriate:  
Republic of Congo, Côte d'Ivoire and Nigeria (plus other Members that can provide data that show that they meet the criteria in paragraph 147) . Additionally, Bolivia shall have access, exceptionally, to treatment 
equivalent to that provided for in paragraph 142.