. /.WORLD TRADE
ORGANIZATIONS/C/N/134
6 October 2000
(00-4094)
Council for Trade in Services Original:  French
NOTIFICATION PURSUANT TO ARTICLE III:3 OF THE
GENERAL AGREEMENT ON TRADE IN SERVICES
The following notification has been received from the delegation of Madagascar.
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1. Member notifying:
Madagascar
2. Notification under article:
Article III, paragraph 3 of the General Agreement on Trade in Services
3. Date of entry into force:
Order No. 2972/95 of 13 June 1995 establishing the new exchange system entered into force
on 13 June 1995, on the date of its signature.
Duration:
Indefinite
4. Agency responsible for the implementation and enforcement of the measure:
Ministry of Finance
Central Bank of Madagascar
5. Description of the measures:
(i) Mode of supply covered by the measure:  commercial presence
(ii) Effects on trade in services
The above Order authorizes the direct purchase and sale of foreign exchange between
an operator and a local bank or exchange bureau at an exchange rate freely negotiated
between them, and further stipulates that except in the case of the exchange rate
applicable to customs clearance transactions, each bank shall set its manual exchange
rates, of which the public must at all times be informed.
This measure comes within the framework of exchange liberalization.S/C/N/134
Page 2
6. Members affected:
None
7. The texts are available from:
Ministère du commerce et de la consommation
B.P. 454 Antananarivo 101
Telephone: (261-20) 22 261 40
(261-20) 22 207 58
Fax: (261-20) 22 264 26
(261-20) 22 312 80
Banque centrale de Madagascar
(Direction des services étrangers et de la dette extérieure)
B.P. 550 Antananarivo 101
Telephone: (261-20) 22 217 51
(261-20) 22 217 52
(261-20) 22 234 65
Telex: 22 329 BACEREMATANA
Fax: (261-20) 22 345 32
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