ARTICLE 18

ARTICLE 18

Change the wording of Article 24 as follows:

"1. Any Member of the Organization may propose amendments to this Agreement. Proposed text of amendments shall be forwarded to the Directorate which shall within three months upon receipt ask the Members of the Organization and its Signatories for comments and circulate such comments.

The Operations Committee shall examine and approve a recommendation concerning a given amendment at its next meeting but in no way earlier than after the expiry of a three-month period as from the date of circulation.

2. After a given amendment is examined by the Operations Committee it shall be considered at the next session of the Board of the Organization. If the Board approves the amendment it shall take effect as from the date of receipt by the Depositary of the last of the acceptance notices from two thirds of the Members of the Organization. An amendment which has come into force shall be binding on all Members of the Organization."