.The general Council acts also as the dispute Settlement Body sb), which has its own Chairman and its own rules of procedure, to discharge the functions assigned to the dsB under the dispute Settlement Understanding Trade policy review body .The general council meets also as the Trade policy review body, which again has its own Chairman and rules of procedure, to carry out the review of Members' trade policies and practices, as provided for in the trade policy Review mechanism Councils Three sectoral councils have been es tablished for goods. services and triPs matters,respectively. These Councils, operating under the general guidance of the general Council, carry out the responsibilities assigned to them by their respective agreements and by the general Council; they meet as necessary to carry out their functions; and they are open to representatives of all wto Members. They may also estab lish su bsidiary bodies, such as co mmittees and working parties. Council for Trade in Goods: The Council for Trade in Goods oversees the functioning of the multilateral agreements on trade in goods. These include the General Agreement on Tariffs and Trade (gatt and related Understandings, and twelve other agreements, as contained in Annex la to the WTOAgreement Council for Trade in Services The Council for Trade in Services oversees the functioning of the general agreement on Trade in Services( GAtS) Council for TRIPs: The Council for TRIPs oversees the function ing of the agreement on Trade-Related Aspects of Intellectual Property rights(triPs greement). Committees and other subsidiary bodies .Three main committees are established by the wto agreement: the committee on Trade and development the Committee on Balance-of-Payments Restrictions,8 •The General Council acts also as the Dispute Settlement Body (DSB), which has its own Chairman and its own rules of procedure, to discharge the functions assigned to the DSB under the Dispute Settlement Understanding. • Trade Policy Review Body •The General Council meets also as the Trade Policy Review Body, which again has its own Chairman and rules of procedure, to carry out the review of Members' trade policies and practices, as provided for in the Trade Policy Review Mechanism. •Councils •Three sectoral councils have been established for goods, services and TRIPs matters, respectively. These Councils, operating under the general guidance of the General Council, carry out the responsibilities assigned to them by their respective agreements and by the General Council; they meet as necessary to carry out their functions; and they are open to representatives of all WTO Members. They may also establish subsidiary bodies, such as committees and working parties. • Council for Trade in Goods : The Council for Trade in Goods oversees the functioning of the multilateral agreements on trade in goods. These include the General Agreement on Tariffs and Trade (GATT) and related Understandings, and twelve other agreements, as contained in Annex 1A to the WTO Agreement. •Council for Trade in Services : The Council for Trade in Services oversees the functioning of the General Agreement on Trade in Services (GATS). • Council for TRIPs : The Council for TRIPs oversees the functioning of the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPs Agreement). •Committees and other subsidiary bodies •Three main committees are established by the WTO Agreement: •the Committee on Trade and Development, •the Committee on Balance-of-Payments Restrictions