The simplest solution is to have an agreement, continue negotiations and replace it if the new « Art XXIV is the basis of the WTO for all preferential trade agreements, from my One Pager to usMCA, from the EEA, the EU and all those you wish to name. Think of it as the document on which you write agreements. No need to discuss it. This is a really sad episode.@Lorand_Bartels played an intellectual game to show that he was able to design a one-page free trade agreement during his lunch break. First, like any GATT agreement under Article 24, it must be a formal agreement. The EU-S 2010. The Korean Free Trade Agreement will be implemented over 20 years, 2011-2031, twice as many as the 10 years normally provided for « interim » agreements under Article 24, with different parts being phased in over different periods. (8) As regards the Interim Agreements, the Group may, in its report, make appropriate recommendations on the proposed timetable and the measures necessary for the completion of the customs union or free trade area. It may, if necessary, provide for a further revision of the Agreement. If the EU has concluded a « mixed competence » trade agreement with a third country and that third country is blocked by non-ratification by one or more member states, the EU can conclude an interim trade agreement with the country concerned and does so from time to time in practice. Such an interim agreement will contain only 4 parts of the Comprehensive Free Trade Agreement falling within the scope of the EU Treaty`s own competences. This use of the term « interim » does not have an interim agreement within the meaning of Art. XXIV of the GATT simply means that the agreement will remain in force until it is replaced by the ratification of the free trade agreement with full mixed competence.
This is how any idea of an « interim agreement » is. Convinced also of the need to enhance the effectiveness of the Council`s role in trade in goods in the review of agreements notified under Article XXIV, by laying down the criteria and procedures for evaluating new or expanded agreements and by improving the transparency of all agreements referred to in Article XXIV; With regard to the unilateral agreement advocated today by several MEPs, it seemed that Britain could unilaterally avail itself of Article XXIV, according to which a « standstill » clause would apply while Britain and the EU were negotiating a free trade agreement. It also estimated that this status quo regime could apply for about 10 years. An agreement on a progressive reduction of customs duties over a period followed by a separate customs union agreement or a free trade agreement is an « interim agreement » under Article XXIV and, at least during the introductory period, there appears to be a single agreement providing for a phased introduction followed by zero duties, although there is some discussion on this: for more details on this topic, see « Interim Agreement », pursuant to Article XXIV GATT by Lorand Bartels, World Trade Review (2009), 8:2, 339-350 10. If, contrary to Article XXIV(5)(c), an interim agreement notified in accordance with Article XXIV(7)(a) does not contain a plan or timetable, the Group shall recommend in its report such a plan and timetable. The Parties may not maintain or bring into force this Agreement unless they are prepared to amend it in accordance with these Recommendations. Provision should be made for a subsequent review of the implementation of the recommendations. Under GATT rules on an interim agreement, the other parties will then have a considerable level of control. Article XXIV of the GATT, however, provides for a number of permitted derogations from the principle of the greatest promulgation. .