제16365호                              관                보                 2006.10.26. (목요일)

 to the application of this Memorandum of                concerning the financing of the activities
 Understanding.                                          conducted under this Memorandum of
9. Annexes                                               Understanding shall be kept in conformity
 Annexes        to    this   Memorandum        of        with the WTO Financial Rules and
 Understanding are an integral part hereof.              Regulations.
10. Arbitration                                      2. The accounts shall be kept in Swiss Francs.
 In case of dispute as to the interpretation or          Wherever       applicable,   conversion    of
 application of this Memorandum of                       currencies shall be made in conformity with
 Understanding, the parties shall first seek             WTO practices.
 to reach an amicable solution. Any dispute          3. Except as otherwise specified in this
 which cannot be solved amicably shall,                  Memorandum of Understanding, the WTO
 upon mutual consent, be brought before the              may only supply information relating to the
 Permanent Court of Arbitration, The Hague,              Contribution the communication of which is
 Netherlands, in conformity with the                     compatible with the WTO Financial
 arbitration clause contained in Annex II to             Regulations and Financial Rules, as well as
 this Memorandum of Understanding.                       with the privileges and immunities of the
11. Entry into force                                     WTO.
 This Memorandum of Understanding shall              4. The WTO will charge overhead costs
 enter into force on the date of its signature           equivalent to 13 per cent of the direct costs
 by both parties.                                        of the activities financed with the support of
 Done in duplicate at Geneva, on [date ], in             the Donor. 6
 the English language.                               5. The WTO shall be free to subcontract any
For the Donor                   For the WTO              activity and use the services of outside
CHOI Hyuck                      Pascal Lamy              experts if it deems it necessary. The WTO
Ambassador                      Director General         shall be fully responsible for the co-
Permanent                                                ordination and execution of all sub-
Representative                                           contracted activities.
to the UN                                            6. (a) The Contribution shall be transferred on
Secretariat and                                          the following bank account number:
International Organizations                              Account Name : WTO
in Geneva                                                Bank Name : UBS SA
Annex I: Financial Conditions                            Bank Address : P.O. Box 2600, CH-1211
Annex II: Protocol of arbitration                                         Geneva 21
                      Annex I                            Swiss Francs : Account Number: 240-
Financial Conditions                                                     C0199320.1
1.   Financial       and   accounting    records                         IBAN : CH80 0024 0240 C019

6) See Decision of the General Council reported in WT/GC/M/32.

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