WORLD TRADE S/C/N/54
2April 1997
ORGANIZATION(97-1330)
Original: Spanish Council forTrade inServices
NOTIFICATION PURSUANT TOARTICLE III.3OFTHE
GENERAL AGREEMENT ONTRADE INSERVICES
Thefollowing notification hasbeenreceived from thedelegation ofUruguay.
_______________
1. Member notifying:
Uruguay.
2. Notification under article:
Article III,paragraph 3oftheGeneral Agreement onTrade inServices (GATS).
3. Date ofentry intoforce:
Law16.696 establishing theCharter oftheCentral Bank ofUruguay entered intoforce on
30March 1995.
Decree467/995reducingtheratesofthebankinginstitutionsassetstaxappliedbetween1January
and30June1996.
Decree 75/996 providing thattheCentral Bank ofUruguay willcontrol therateofthebanking
institutions assets taxoncredit totheprivate sector entered intoforce on1February 1996.
4. Agency responsible forenforcement ofthemeasure:
Central Bank ofUruguay.
5. Description ofthemeasure:
Law16.696 describes thelegalnature, purposes, powers, functions and,organization ofthe
Central Bank ofUruguay, andthepolicy tobeapplied bythelatter.
Decree 467/995 reduces by25percenttheratesofthebanking institutions assets taxapplicable
tosavings andloancooperatives operating inUruguay.
Decree 75/996 empowers theCentral Bank ofUruguay tocontrol, bytime-periods, therate
ofthebanking institutions assets taxunder Law16.736.
./.S/C/N/54
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6. Members specifically affected, ifany:
None.
7. Textavailable from:
Texts canbeconsulted intheSecretariat.