By World Trade Organization
This can be a particular advisor on easy methods to learn WTO Schedules of Commitments for items and providers. The Schedules are a part of the criminal Texts of the WTO Uruguay around Agreements. They contain approximately 27,000 pages of particular commitments by means of 153 participants of the WTO on industry entry stipulations for his or her markets. figuring out tips on how to interpret the Schedules is vital for a person wishing to glean info for educational, reputable, or enterprise reasons. Commissioned and reviewed by means of the WTO Secretariat, this can be a specified consultant to realizing the Schedules.
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Extra info for A Handbook on Reading WTO Goods and Services Schedules
F) Limitations on the participation of foreign capital: Foreign equity ceiling of x per cent for a particular form of commercial presence. The market access limitations covered by Article XVI:2 do not carry any qualityor qualification-related connotations. Thus, while domestic regulatory frameworks may provide for licensing and qualification requirements, such as financial soundness or membership in a professional association, these do not need to be Scheduled as long as no inconsistencies with Article XVI:2 are implied.
Members are required to Schedule any such measures in order to be able to use them, even in cases of non-discriminatory application. ) The Guidelines for the Scheduling of Specific Commitments under the GATS, circulated as WTO document S/L/92 and available via the WTO website, list the following typical examples of limitations on market access: (a) Limitations on the number of service suppliers: Licence for a new restaurant based on an economic needs test. Annually established quotas for foreign medical practitioners.
The discriminatory elements may already be reflected in the market access column, in entries like ‘Only five foreign banks permitted’ (mode 3) or ‘No more than 10 per cent of staff may be foreigners’ (mode 4). Additional Commitments Entries in the fourth column of the Schedule are optional. Members are given an opportunity to undertake bindings with regard to measures other than those subject to Scheduling under Articles XVI and XVII. Cases in point are undertakings not to depart from any relevant international standards, to enforce specified competition rules, or to comply with certain commonly accepted licensing principles in a particular sector.