Definitions
Article 2
For the purposes of this Agreement: 1. ‘Tropical timber’ means tropical wood for industrial uses, which grows or is produced in the countries situated between the Tropic of Cancer and the Tropic of Capricorn. The term covers logs, sawn wood, veneer sheets and plywood. 2. ‘Sustainable forest management’ will be understood according to the Organization’s relevant policy documents and technical guidelines. 3. ‘Member’ means a Government, the European Community or any intergovernmental organization referred to in Article 5, which has consented to be bound by this Agreement whether it is in force provisionally or definitively. 4. ‘Producer member’ means any member situated between the Tropic of Cancer and the Tropic of Capricorn with tropical forest resources and/or a net exporter of tropical timber in volume terms which is listed in Annex A and which becomes a party to this Agreement, or any member with tropical forest resources and/or a net exporter of tropical timber in volume terms which is not so listed and which becomes a party to this Agreement and which the Council, with the consent of that member, declares to be a producer member. 5. ‘Consumer member’ means any member which is an importer of tropical timber listed in Annex B which becomes a party to this Agreement, or any member which is an importer of tropical timber not so listed which becomes a party to this Agreement and which the Council, with the consent of that member, declares to be a consumer member. 6. ‘Organization’ means the International Tropical Timber Organization established in accordance with Article 3. 7. ‘Council’ means the International Tropical Timber Council established in accordance with Article 6. 8. ‘Special vote’ means a vote requiring at least two thirds of the votes cast by producer members present and voting and at least 60 % of the votes cast by consumer members present and voting, counted separately, on condition that these votes are cast by at least half of the producer members present and voting and at least half of the consumer members present and voting. 9. ‘Simple distributed majority vote’ means a vote requiring more than half of the votes cast by producer members present and voting and more than half of the votes cast by consumer members present and voting, counted separately. 10. ‘Financial biennium’ means the period from 1 January of one year to 31 December of the following year. 11. ‘Freely convertible currencies’ means the euro, the Japanese yen, the pound sterling, the Swiss franc, the United States dollar, and any other currency which has been designated from time to time by a competent international monetary organization as being in fact widely used to make payments for international transactions and widely traded in the principal exchange markets. 12. For purposes of the calculation of the distribution of votes under Article 10, paragraph 2(b), ‘tropical forest resources’ means natural closed forests and forest plantations located between the Tropic of Cancer and the Tropic of Capricorn.