The related agreements and legal instruments in Schedules 1, 2 and 3 (`multilateral trade agreements`) are an integral part of this agreement and are binding on all members. The Ministerial Conference may, at the request of the parties to a trade agreement, decide exclusively by mutual agreement to include this agreement in Schedule 4. At the request of the parties to a multi-lateral trade agreement, the Ministerial Conference may decide to remove this schedule 4 agreement. In the event of a modification or withdrawal of a customs concession for a new product (i.e. a product for which there are no three-year trade statistics), the member who has initial bargaining rights on the tariff line in which the product is classified or previously classified is considered the first bargaining right in the concession concerned. In determining the main deliveries and essential interests and in calculating compensation, it takes into account, among other things, the production capacity and investments made in the product concerned of the exporting member concerned, as well as estimates of export growth, as well as forecasts of demand for the product in the import Member State. For the purposes of this paragraph, the «new product» includes a tariff category created by a household from an existing tariff position. The WTO Agreement on Tariffs and Trade (GATT) was created in 1947 by a multilateral treaty of 23 countries following other multilateral institutions dedicated to international economic cooperation, such as the World Bank (founded in 1944) and the International Monetary Fund (founded in 1944 or 1945). A comparable international trade institution, called the International Trade Organization, never began, as the United States and other signatories failed to ratify the founding treaty,[24] and THE GATT slowly became a de facto international organization. [26] and convinced of the need to strengthen the Council`s role in trade in goods in the revision of agreements notified in accordance with Article XXIV, specifying the criteria and procedures for evaluating new or extended agreements and improving the transparency of all Article XXIV agreements; The objective of the signatory countries of the Marrakesh Agreement was to create an integrated multilateral trading system including the General Agreement on Tariffs and Trade (GATT) and the results of all trade cycles (including uruguay Round) since the signing of the GATT in 1947.