The Executive Committee decided:
(a) To take note, with appreciation, of the efforts made by the World Bank and the Government of China in developing the verification system for monitoring the implementation of the sector plans for phasing out controlled CTC production and consumption in China and applying it for the first time to the verification of CTC production and consumption in China for 2003;
(b) To request the World Bank and the Government of China in the future to include the verification of CTC and CFC-113 imports and exports, as per the proposed framework;
(c) To approve the funding of the 2004 annual programme at the proposed amount of US $16 million and support costs for the World Bank of US $1.2 million; and
(d) To request the Secretariat and the World Bank to examine the CTC agreement and report back to the Executive Committee on the composition of the targets.