Common use of Modification of Schedules Clause in Contracts

Modification of Schedules. 1. Any modification or withdrawal of specific commitments ontrade in services shall be made in accordance with paragraph1 of Article 127. In the negotiations for such modification orwithdrawal, the Parties shall endeavor, in line withsubparagraph 2(a) of Article XXI of the GATS, to maintain ageneral level of mutually advantageous commitments not lessfavorable to trade than that provided for in their Schedulesof Specific Commitments in Annex 5 prior to such negotiations. 2. With regard to the same commitment that appears in a Party'sSchedule of Specific Commitments under both the GATS and thisAgreement, if modification or withdrawal has been made to suchcommitment with regard to its Schedule of Specific Commitmentsunder the GATS and compensatory adjustment has been made to theother Party as an "affected Member" in accordance with ArticleXXI of the GATS, the Parties shall agree to amend this Agreement to incorporate such modification or withdrawal into it withoutfurther negotiation, subject to their applicable domesticprocedures.