home
***
CD-ROM
|
disk
|
FTP
|
other
***
search
/
Shareware Overload Trio 2
/
Shareware Overload Trio Volume 2 (Chestnut CD-ROM).ISO
/
dir33
/
gatt.zip
/
GATT3_7F.TXT
< prev
next >
Wrap
Text File
|
1994-01-11
|
2KB
|
30 lines
DECISION ON FINANCIAL SERVICES
Ministers, meeting on the occasion of the conclusion of the Uruguay
Round.
Noting that commitments scheduled by participants on Financial
Services at the conclusion of the Uruguay Round, shall enter into force on
an m.f.n. basis at the same time as the General Agreement on Trade in
Services.
Decide as follows:
1. At the conclusion of a period ending no later than six months after
the entry into force of the Agreement Establishing the MTO, without offering
compensation, Members shall be free to improve, modify or withdraw all or
part of their commitments in this sector without offering compensation,
notwithstanding the provisions of Article XXI of the GATS. At the same time
Members shall finalize their positions relating to m.f.n. exemptions in
these sectors, notwithstanding the provisions of the Annex on Article II
Exemptions. From the date of entry into force of the Agreement and until
the end of the period referred to above, exemptions listed in the Annex on
Article II Exemptions which are conditional upon the level of commitments
undertaken by other participants or upon exemptions by other participants
will not be applied.
2. The Committee on Trade in Financial Services shall monitor the
progress of any negotiations undertaken under the terms of this Decision and
shall report thereon to the Council for Trade in Services no later than four
months after the entry into force of the Agreement.