Reservation made upon signature and maintained upon ratification: The Argentine Republic, exercising its prerogative under article 58 of the Agreement, enters a reservation regarding article 53 of that Agreement as it cannot accept compulsory arbitration as the only means of settling disputes of the kind referred to in this article, and as it believes that the parties to such disputes must be free to determine by mutual agreement the means of settlement best suited to each particular case.
Upon signature: [Same declaration identical in substance, mutatis mutandis, as that made by the Union of Soviet Socialist Republics.]
Reservation: The Government of the Republic of Cuba declares, in con- formity with article 58 of the Agreement, that it does not consider itself bound by the arbitration procedures for the settlement of disputes established in article 53.
Declaration made upon signature and confirmed upon approval: In view of its well known position, the Union of Soviet Socialist Republics cannot recognize the legality of the names "Republic of Korea" and "Democratic Kampuchea" contained in the schedules to the Agreement establishing the Common Fund for Commodities.
Syrian Arab Republic
Declaration: Our accession to and ratification of the Agreement shall not in any way imply recognition of Israel and shall not, conse-quently, lead to involvement with it in any transactions as are regulated by the provisions of the Agreement.
Reservation: The Syrian Arab Republic enters a reservation in respect of article 53 of the Agreement, with regard to the binding nature of arbitration.
Venezuela (Bolivarian Republic of)
Upon signature, maintained upon ratification: With reservation as to article 53.
14 November 1983
The Secretary-General was informed by the Common Fund for Commodities that, pursuant to article 30 of the Agreement, the following Governments had notified the Common Fund, by a letter on the following dates, their decision to withdraw from the Common Fund. The withdrawal became effective on the dates specified by the Governments, which were not less than twelve months after the receipt of their notice by the Fund, as indicated hereinafter:
The former Yugoslavia had signed and ratified the Agreement on 7 January 1982 and 14 February 1983, respectively. See also note 1 under “Bosnia and Herzegovina”, “Croatia”, “former Yugoslavia”, “Slovenia”, “The Former Yugoslav Republic of Macedonia” and “Yugoslavia” in the “Historical Information” section in the front matter of this volume.
The payment of the voluntary contribution will be made after the entry into force of the Common Fund, the terms of which are specified in article 57 of the Agreement.
See note 1 under “Germany” regarding Berlin (West) in the “Historical Information” section in the front matter of this volume.
See note 2 under “Germany” in the “Historical Information” section in the front matter of this volume.
For the Kingdom in Europe and the Netherlands Antilles. See also note 1 under “Netherlands” regarding Aruba/Netherlands Antilles in the “Historical Information” section in the front matter of this volume.
The Agreement shall also apply to the Cook Islands and Niue.
The Yemen Arab Republic had signed and ratified the Agreement on 7 September 1981 (See, C.N.251.1981 TREATIES-10 of 29 September 1981) and 14 January 1986 (See, C.N.6.1986 TREATIES-1 of 10 March 1986), respectively. See also note 1 under “Yemen” in the “Historical Information” section in the front matter of this volume.
At its 9th session held on 20 July 1989, the Governing Council decided that any Member State which had not yet made known its selection of one of the payment procedures provided for in article 11, paragraph 1 (see table), was to notify in writing the Secretary-General of UNCTAD of its selection not later than 18 August 1989, and that any Member State which had not notified its selection by 18 August 1989 would be deemed to have selected the procedure provided for under article 11, paragraph 1 (a).
At its 10th session, held on 21 July 1989, the Governing Council decided that the rates of conversion deemed to apply at the date of payment shall be the rate of the Unit of Account as defined in Schedule F of the Agreement and as determined by the International Monetary Fund, on the thirtieth business day before the actual date of payment.
Prior to the entry into force of the Agreement, a number of States had notified a change in the option which they had exercised under article 11 (1) (see depositary notification of 17 July 1989).
In notification received on 10 August 1983, the Government of Austria indicated that, in accordance with article 11 (1) (b), Austria's contribution to the Common Fund for Commodities will be paid in German marks until such time as payment in Austrian shillings becomes possible.
On 8 June 1989, the Government of the Federal Republic of Germany informed the Secretary-General that it had decided to withdraw its notification under article 11 (1).
As converted into the Euro on 1 January 2002.