WORLD TRADE
ORGANIZATIONS/DCS/W/NZL
24 January 2003
(03-0499)
Trade in Services Original:  English
NEW ZEALAND
Draft consolidated Schedule of Specific Commitments1
Attached is a draft consolidated version of the Schedule of Specific Commitments New
Zealand in word format.  This document  does not substitute for the legally binding commitments
undertaken by New Zealand in its Schedule of Specific Commitments (GATS/SC/62;
GATS/SC/62/Suppl.1; GATS/SC/62/Suppl.2)
Attached to the draft consolidated schedule is New Zealand's Article II (MFN) Exemption
List (GATS/EL/62) in word format.
The draft consolidated version of the schedule and the MFN Exemption List were prepared by
the Secretariat, at the request of Members, to facilitate the process of negotiations, including the
presentation of initial offers.
_______________
                                                          
1 This document has been prepared, in English only, under the Secretariat's own responsibility and without
prejudice to the positions of Members and to their rights and obligations under the WTO.S/DCS/W/NZL
Page 2NEW ZEALAND – SCHEDULE OF SPECIFIC COMMTIMENTS1
Modes of supply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence of natural persons
Sector or Sub-sector Limitations on Market Access Limitat ions on  National Treatment Additional Commitments
I. HORIZONTAL COMMITMENTS
ALL SECTORS INCLUDED
IN THIS SCHEDULE3) Under the Overseas Investment Regulations,
1985, issued under the Overseas Investment
Act 1973, Overseas Investment Commission
approval is required for the followinginvestments by an "overseas person":
2
(a) acquisition or control of 25 per cent or more 
of the shares or voting power in a company 
where either the consider ation of transfer or 
the value of the assets of the company exceeds$NZ10 million; 
(b) the establishment of new business in New 
Zealand where the total expenditure in setting 
up the business exceeds $NZ10 million;
(c) the acquisition of the assets of the business 
where the total consideration paid or payable for the assets exceeds $NZ10 million;
(d) the issue or allotment of shares where the 25 
per cent threshold has already been exceeded or will be exceeded as a result of the issue and where the total consideration paid or payable exceeds $NZ10 million.
                                                          
1 See Attachment A.1
2 See Attachment A.2S/DCS/W/NZL
Page 3Modes of supply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence of natural persons
Sector or Sub-sector Limitations on Market Access Limitat ions on  National Treatment Additional Commitments
OIC consent is required, regardless of the 
dollar value of the investment, for acquisition of rural land.  Approval is also required under the Land Settlement Promotion and Land 
Acquisition Act  for the purchase of some 
classes of land.
Unbound for enterprises currently in State
ownership
4) Unbound except for measures concerning 
the entry and temporary stay of natural persons of another Member, employed by a service supplier of another Member that supplies services within New Zealand through a commercial presence, falling within
the following categories;4) Unbound except for measures concerning the
categories of natural persons referred to inthe market access column.
A. Executives and senior managers; as intra-
corporate transferees, for periods of initialstay up to a maximum of three years:
Executives and senior managers, being
natural persons who are senior employeesof an organisation, who have beenemployed by that organisation for at leasttwelve months prior to their proposedtransfer to New Zealand, and who are
responsible for the entire or a substantial
part of an organisation's operations inNew Zealand, receiving generalsupervision or direction principally fromhigher level executives, the board of
directors or stockholders of the business;S/DCS/W/NZL
Page 4Modes of supply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence of natural persons
Sector or Sub-sector Limitations on Market Access Limitat ions on  National Treatment Additional Commitments
B. Specialist and/or senior personnel, as
intra-corporate transferees, for periods of 
an initial stay up to a maximum of twelve months:
Specialist and/or senior personnel, being
natural persons being transferred toundertake a specific or specialist task at asenior level within the company;  thismay include, for example, short-term
specialist development projects;  or the
establishment in New Zealand of acommercial presence of a service supplierwith its head of operations in the territoryof another Member and not having anyother commercial presence in New
Zealand;
C. Specialist personnel, subject to labour
market tests, as intra-corporate
transferees, for periods of stay up to amaximum of three years:
Specialist personnel being natural persons
with trade, technical or professional skills
who are responsible for or employed in aparticular aspect of an organisation'soperations in New Zealand.  Skills are
assessed in terms of the applicant's
employment experience, qualifications,and suitability for the position;S/DCS/W/NZL
Page 5Modes of supply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence of natural persons
Sector or Sub-sector Limitations on Market Access Limitat ions on  National Treatment Additional Commitments
D. Installers and servicers, as intra-corporate
transferees, for periods not exceeding
three months in any twelve month period:
Installers and servicers being natural
persons who are installers and servicers
of machinery and/or equipment, wheresuch installation and/or servicing by thesupplying company is a condition of
purchase of the said machinery or
equipment;
E. Service sellers, as business visitors; for a
period or periods not exceeding inaggregate three months in any calendaryear:
Service sellers being natural persons who
are representatives of a service supplier ofanother Member, whether or not thatservice supplier has a commercialpresence in New Zealand, and are seeking
temporary entry to New Zealand for the
purpose of negotiating for the sale ofservices or entering into agreements tosell services for that service supplier,where those representatives will notbe engaged in making direct sales to the
general public.
Unbound in cases of labour/management
disputes.1)2)Unbound for current and future measures at 3)4)
the central and sub-central levels according 
more favourable treatment to any Maori 
person or organisation in relation to the acquisition, establishment or operation of any commercial or industrial undertaking.S/DCS/W/NZL
Page 6Modes of supply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence of natural persons
Sector or Sub-sector Limitations on Market Access Limitat ions on  National Treatment Additional Commitments
I. SECTOR SPECIFIC COMMITMENTS
1. BUSINESS SERVICES
A. Professional Services
(a) Legal Services
Practice of New Zealand
law (CPC 861)1) None
2) None3) None4) Unbound except as indicated in the
horizontal section.1) None
2) None3) None4) Unbound except as indicated in the
horizontal section.
Provision of advice on
international law(CPC 861)1) None
2) None3) None4) Unbound except as indicated in the
horizontal section.1) None
2) None3) None4) Unbound except as indicated in the
horizontal section.
(b) Accounting, auditing and
book-keeping services(CPC 862)1) None
2) None3) None4) Unbound except as indicated in the
horizontal section.1) None
2) None3) None4) Unbound except as indicated in the
horizontal section.
(c) Taxation services
Tax preparation
(CPC 86302, CPC 86303)1) None
2) None3) None4) Unbound except as indicated in the
horizontal section.1) None
2) None3) None4) Unbound except as indicated in the
horizontal section.
(d) Architectural services
(CPC 8671)1) None
2) None3) None
4) Unbound except as indicated in the
horizontal section.1) None
2) None3) None
4) Unbound except as indicated in the
horizontal section.S/DCS/W/NZL
Page 7Modes of supply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence of natural persons
Sector or Sub-sector Limitations on Market Access Limitat ions on  National Treatment Additional Commitments
(e) Engineering services
(CPC 8672)1) None
2) None
3) None4) Unbound except as indicated in the
horizontal section.1)3)Certification of certain works involving
&4) health and safety is limited to Registered
Engineers, who to become registered must be
ordinarily resident in New Zealand.
2) None
4) Unbound except as indicated in the
horizontal section.
(i) Veterinary services
(CPC 9320)1) Unbound*
2) None
3) None4) Unbound except as indicated in the
horizontal section.1) Unbound*
2) None
3) None4) Unbound except as indicated in the
horizontal section. 
B. Computer and Related
Services
(a) Consultancy services
related to the installationof computer hardware(CPC 841)1) None
2) None3) None4) Unbound except as indicated in the
horizontal section.1) None
2) None3) None4) Unbound except as indicated in the
horizontal section.
(b) Software implementation
services(CPC 842)1) None
2) None3) None
4) Unbound except as indicated in the
horizontal section.1) None
2) None3) None
4) Unbound except as indicated in the
horizontal section.
(c) Data processing services
(CPC 843)1) None
2) None
3) None
4) Unbound except as indicated in the
horizontal section.1) None
2) None
3) None
4) Unbound except as indicated in the
horizontal section.
                                                          
* Unbound due to lack of technical feasibility.S/DCS/W/NZL
Page 8Modes of supply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence of natural persons
Sector or Sub-sector Limitations on Market Access Limitat ions on  National Treatment Additional Commitments
(d) Data base services
(CPC 844)1) None
2) None3) None4) Unbound except as indicated in the
horizontal section.1) None
2) None3) None4) Unbound except as indicated in the
horizontal section.
D. Real Estate Services
(a) Involving own or leased
property
(CPC 821)1) None
2) None
3) None4) Unbound except as indicated in the
horizontal section.1) None
2) None
3) None4) Unbound except as indicated in the
horizontal section.
(b) On a fee or contract basis
(CPC 822)1) None
2) None
3) None4) Unbound except as indicated in the
horizontal section.1) None
2) None
3) None4) Unbound except as indicated in the
horizontal section.
E. Rental/Leasing of
Equipment without Crew
Transport and nontransport (CPC 8310)1) None
2) None3) None4) Unbound except as indicated in the
horizontal section.1) None
2) None3) None4) Unbound except as indicated in the
horizontal section.
F. Other Business Services
(a) Advertising services
(CPC 871)1) None
2) None
3) None4) Unbound except as indicated in the
horizontal section.1) None
2) None
3) None4) Unbound except as indicated in the
horizontal section.S/DCS/W/NZL
Page 9Modes of supply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence of natural persons
Sector or Sub-sector Limitations on Market Access Limitat ions on  National Treatment Additional Commitments
(f) Services Incidental to
agriculture, hunting andforestry
Services incidental to
agriculture
(CPC 8811)1) None
2) None
3) None4) Unbound except as indicated in the
horizontal section.1) None
2) None
3) None4) Unbound except as indicated in the
horizontal section.
Services incidental toanimal husbandry(CPC 8812)1) None
2) None3) The Herd Testing Regulations under the
Dairy Board Act 1961 restrict theprovision of herd testing services toproviders licensed by the NZ Dairy
Board.  The number of licences may be
limited.
4) Unbound except as indicated in the
horizontal section.1) None
2) None3) None
4) Unbound except as indicated in the
horizontal section.
Services incidental to
hunting (CPC 8813)1) None
2) None
3) None4) Unbound except as indicated in the
horizontal section.1) None
2) None
3) None4) Unbound except as indicated in the
horizontal section.S/DCS/W/NZL
Page 10Modes of supply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence of natural persons
Sector or Sub-sector Limitations on Market Access Limitat ions on  National Treatment Additional Commitments
Services incidental to
forestry and logging(CPC 8814)1) None
2) None3) None4) Unbound except as indicated in the
horizontal section.1) None
2) None3) None4) Unbound except as indicated in the
horizontal section.
(o) Cleaning of buildings and
similar activities(CPC 874)1) Unbound*
2) None3) None4) Unbound except as indicated in the
horizontal section.1) Unbound*
2) None3) None4) Unbound except as indicated in the
horizontal section.
 
(t) Translation services
(CPC 87905**)1) None
2) None3) None4) Unbound except as indicated in the
horizontal section.1) None
2) None3) None4) Unbound except as indicated in the
horizontal section.
2. COMMUNICATION
SERVICES
C. Telecommunication
Services
(a) Voice telephone services
(CPC 7521)
(b) Packet-switched data
transmission services
(CPC 7523**)
(c) Circuit-switched data
transmission services(CPC 7523**)1) None
2) None3) None1) None
2) None3) None, other than:  The Articles of
Association of the Telecom Corporation of
New Zealand Limited limit the shareholding
by any single overseas entity to 49.9%.  Atleast half of Board directors are required tobe New Zealand citizens.The principles set forth in
the attached referencepaper are incorporated inthis schedule to the extent
they are commitments
additional to theobligations flowing fromPart I and II, ArticleXXVIII and the Annex on
Telecommunications of the
                                                          
* Unbound due to lack of technical feasibility.S/DCS/W/NZL
Page 11Modes of supply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence of natural persons
Sector or Sub-sector Limitations on Market Access Limitat ions on  National Treatment Additional Commitments
d) Telex services
(CPC 7523**)
(e) Telegraph services
(CPC 7522)
(f) Facsimile services
(CPC 7521**, CPC7529**)
(g) Private leased circuit
services (CPC 7522**,
CPC 7523**)4) Unbound except as indicated in the
horizontal section.4) Unbound except as indicated in the
horizontal section.General Agreement on
Trade in Services inrespect of the Article XVIand XVII commitments on
telecommunication
services contained herein.
(o) Other
Paging services(CPC 75291)Teleconferencing services(CPC 75292)
Personal Communications
Services (CPC 75213*)Cellular services (CPC75213*)Trunked radio systemservices (CPC 7523**,
CPC 75213*)
Mobile data services(CPC 7523**)
(h) Electronic mail
(CPC 7523**)
(i) Voice mail
(CPC 7523**)
(j) On-line information and
data-base retrieval(CPC 7523**)
(k) Electronic data interchange
(EDI) (CPC 7523**)
(l) Enhanced/value-added
facsimile services(CPC 7523**)1) None
2) None3) None
4) Unbound except as indicated in the
horizontal section.1) None
2) None3) The Articles of Association of the Telecom
Corporation of New Zealand Limited limit
the shareholding by any single overseasentity to 49.9 per cent.  At least half of Boarddirectors are required to be New Zealandcitizens.
4) Unbound except as indicated in the
horizontal section.S/DCS/W/NZL
Page 12Modes of supply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence of natural persons
Sector or Sub-sector Limitations on Market Access Limitat ions on  National Treatment Additional Commitments
(m) Code and protocol
conversion
(n) On-line information and/or
data processing (CPC 
843**)
D. Audiovisual Services
Production, distribution,
exhibition and
broadcasting of
audiovisual works (CPC9611-9613, CPC 96192**,CPC 7524, CPC 753)1) None 1), The Broadcasting Commission is directed by
3) the Government, pursuant to the
Broadcasting Act 1989, to allocate a
minimum of 6 per cent of its budget to Maoriprogramming.  From 1995 all public fundingfor Maori broadcasting will be controlled byTe Reo Whakapuaki Irirangi (MaoriBroadcasting Funding Agency).
2) None3) NoneGovernment assistance to the film industry
through the New Zealand Film Commissionis limited to New Zealand films as defined inSection 18 of the New Zealand FilmCommission Act 1978.
2) NoneS/DCS/W/NZL
Page 13Modes of supply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence of natural persons
Sector or Sub-sector Limitations on Market Access Limitat ions on  National Treatment Additional Commitments
4) The New Zealand Immigration Service
policy, based on the Immigration Act1987 and the Immigration Regulations1991 stipulate a special procedure for the
granting of visas to entertainers,
performing artists and associated supportpersonnel for work purposes.  To beeligible for a work visa or work permit,such applicants must come within the
policy guidelines agreed to between the
Minister of Immigration, independentpromoters, agents or producers and therelevant performing artists' unions.Otherwise, unbound except as indicatedin the horizontal section.4) Unbound except as indicated in the
horizontal section.
3. CONSTRUCTION AND
RELATEDENGINEERINGSERVICES
A. General Construction
Work for Buildings
(CPC 512, CPC 515)1) Unbound*
2) None
3) None
4) Unbound except as indicated in the
horizontal section.1) Unbound*
2) None
3) None
4) Unbound except as indicated in the
horizontal section. 
B. General Construction
Work for Civil
Engineering
(CPC 513)1) Unbound*
2) None
3) None
4) Unbound except as indicated in the
horizontal section.1) Unbound*
2) None
3) None
4) Unbound except as indicated in the
horizontal section.
C. Installation and Assembly
Work (CPC 514, CPC
516)1) Unbound*
2) None
3) None4) Unbound except as indicated in the
horizontal section.1) Unbound*
2) None
3) None4) Unbound except as indicated in the
horizontal section.
                                                          
* Unbound due to lack of technical feasibility.S/DCS/W/NZL
Page 14Modes of supply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence of natural persons
Sector or Sub-sector Limitations on Market Access Limitat ions on  National Treatment Additional Commitments
D. Building Completion and
Finishing Work
(CPC 517)1) Unbound*
2) None3) None4) Unbound except as indicated in the
horizontal section.1) Unbound*
2) None3) None4) Unbound except as indicated in the
horizontal section.
E. Other
Site preparation: newconstruction (other than
pipelines) (CPC 511)1) Unbound*
2) None
3) None4) Unbound except as indicated in the
horizontal section.1) Unbound*
2) None
3) None4) Unbound except as indicated in the
horizontal section. 
Maintenance and repair of
fixed structures1) Unbound*
2) None
3) None4) Unbound except as indicated in the
horizontal section.1) Unbound*
2) None
3) None4) Unbound except as indicated in the
horizontal section.
4. DISTRIBUTION
SERVICES
A. Commission Agents'
Services (CPC 6211,
excluding CPC 62111,
CPC 62112, and such
services relating to CPC
2613-2615)1) None
2) None3) None4) Unbound except as indicated in the
horizontal section.1) None
2) None3) None4) Unbound except as indicated in the
horizontal section.
B. Wholesale Trade
(CPC 622, excluding CPC6221, CPC 6222 and such
services relating to CPC2613-2615)1) None
2) None
3) None
4) Unbound except as indicated in the
horizontal section.1) None
2) None
3) None
4) Unbound except as indicated in the
horizontal section.
                                                          
* Unbound due to lack of technical feasibility.S/DCS/W/NZL
Page 15Modes of supply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence of natural persons
Sector or Sub-sector Limitations on Market Access Limitat ions on  National Treatment Additional Commitments
C. Retail Trade
(CPC 631, CPC 632, CPC6111, CPC 6113 and CPC6121)1) None
2) None3) None4) Unbound except as indicated in the
horizontal section.1) None
2) None3) None4) Unbound except as indicated in the
horizontal section.
5. EDUCATION SERVICES
Primary, Secondary, and
Tertiary education in
private institutions
(CPC 921, CPC 922, CPC923)1) None
2) None
3) None
4) Unbound except as indicated in the
horizontal section.1) None
2) None
3) None
4) Unbound except as indicated in the
horizontal section.S/DCS/W/NZL
Page 16Modes of supply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence of natural persons
Sector or Sub-sector Limitations on Market Access Limitat ions on  National Treatment Additional Commitments
7. FINANCIAL SERVICES
1. New Zealand undertakes its specific commitments on Financial Services in accordance with the provisions of the "Understanding  on Commitments in Financial
Services in accordance with the provisions of the "Understanding on Commitments in Financial Services" (the Understanding)
2. These commitments on financial services are subject to the general limitations contained in the "Horizontal Commitments" sect ion of New Zealand's GATS Schedule.
3. Market access and national treatment commitments in Modes (1) and (2) are bound to the extent of the obligations in paragraph s B.3 and B.4 of the Understanding.
4. The admission to the market of new financial services or produ cts may be subject to the existence of, and consistency with, a  regulatory framework aimed at achieving
the objectives indicated in Article 2(a) of the Financial Services Annex.
5. Mode 3 commitments are subject to the provisions of the Financial Reporting Act 1993 and the Companies Act 1993.  These requi re overseas companies to prepare
financial statements on an annual basis comprising a balance sh eet, a profit and loss statement and (if required by an applicab le financial reporting standard approved
by the Accounting Standards Review Board) a statement of cash flows.  The Acts also require such financial statements in relati on to an overseas company's New
Zealand business.  The Acts require the following companies to deliver annual audited financial statements to the Registrar of Companies for registration:  (a) issuers
(i.e. those which have raised investment from the public);  (b) overseas companies;  (c) subsidiaries of companies or bodies co rporate incorporated outside New
Zealand;  (d) companies in which 25 per cent or more of the shares  are held or controlled by :  (i) a subsidiary of a company o f body corporate incorporated outside
New Zealand or a subsidiary of that subsidiary;  (ii) a company or body corporate outside New Zealand;  or (iii) a person not o rdinarily resident in New Zealand.S/DCS/W/NZL
Page 17Modes of supply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence of natural persons
Sector or Sub-sector Limitations on Market Access Limitat ions on  National Treatment Additional Commitments
A. Insurance and
Insurance- related services
(a) Life insurance services
(CPC 8121)3) None
4) Unbound except as indicated in the
horizontal section.3) None
4) Unbound except as indicated in the
horizontal section.
(b) Non-life insurance services
(CPC 8129)1), The Accident Rehabilitation and
3) Compensation Insurance Act 1992
provides for compulsory worker's
compensation insurance via levies on 
vehicle owners, employers, employees and the self-employed.The Act is administered by the Accident Rehabilitation and Compensation Insurance Corporation.3) None
1), The Earthquake Commission is the sole
3) insurer of residential property disaster
insurance for replacement cover uptoNZ$100,000 per dwelling andNZ$20,000 on personal property.  These
amounts may be increased by regulation.
1), Under the Apple and Pear Marketing Act
3) 1971 the Apple and Pear Marketing
Board has the power to organisecompulsory hail insurance on behalf of
growers and to require growers to pay a
levy to recover the premium amount ofthis insurance.
1),2)Unbound for marketing and sales
3) related to products covered under CPC 01, 
02, 211, 213-216, 22, 2399 and 261.
4) Unbound except as indicated in the
horizontal section.4) Unbound except as indicated in the 
horizontal section.S/DCS/W/NZL
Page 18Modes of supply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence of natural persons
Sector or Sub-sector Limitations on Market Access Limitat ions on  National Treatment Additional Commitments
(c) Reinsurance and
retrocession (CPC 81299)3) None
4) Unbound except as indicated in the
horizontal section.3) None
4) Unbound except as indicated in the
horizontal section.
(d) Insurance intermediation,
such as brokerage and
agency services (CPC8140**)1), The Accident Rehabilitation and
3) Compensation Insurance Act 1992 
provides for compulsory worker's compensation insurance via levies on vehicle owners, employers, employees and the self-employed.  The Act is administered 
by the Accident Rehabilitation and 
Compensation Insurance Corporation.3) None
4) Unbound except as indicated in the 
horizontal section
1), Under the Apple and Pear Marketing Act3) 1971 and the Wheat Producers Levy Act
1987 (or regulations enacted under the
Commodities Levy Act 1990), the
respective bodies (the Apple and PearMarketing Board and UnitedWheat growers (NZ) Ltd) have the powerto organise compulsory disaster insuranceon behalf of growers and to require them
to pay a levy to recover the premium
amount of this insurance.
1),2)Unbound for loss of products covered3) under CPC 01, 02, 211, 213-216, 22,
2399 and 261.
4) Unbound except as indicated in the
horizontal section.4) Unbound except as indicated in the 
horizontal section
(e) Services Auxiliary to Insurance, such as consultancy, actuarial, risk
assessment and claim
settlement services (CPC8140**)3) None
4) Unbound except as indicated in the
horizontal section.3) None
4) Unbound except as indicated in the
horizontal section.S/DCS/W/NZL
Page 19Modes of supply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence of natural persons
Sector or Sub-sector Limitations on Market Access Limitat ions on  National Treatment Additional Commitments
A. Banking and other
Financial Services
(excluding insurance)3
(a) Acceptance of deposits
and other repayable funds
from the public (CPC81115-81119)
(b) Lending of all types,
including consumer credit,
mortgage, credit, factoring
and financing ofcommercial transactions(CPC 8113)3) None
4) Unbound except as indicated in the
horizontal section.3) None
4) Unbound except as indicated in the
horizontal section.
(c) Financial leasing
(CPC 8112)
(d) All payment and money
transmission services,including credit, chargeand debit cards, travellerscheques and bankers drafts(CPC 81339**)
(e) Guarantees and
commitments(CPC 81199**)
                                                          
3 As defined in paragraph 5(a)(v)-(xvi) of the Annex on Financial Services.S/DCS/W/NZL
Page 20Modes of supply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence of natural persons
Sector or Sub-sector Limitations on Market Access Limitat ions on  National Treatment Additional Commitments
(f) Trading for own account
or for account ofcustomers, whether on anexchange, in an over-the
counter market or
otherwise, the following:
(i) money market instruments 
(cheques, bills, certificates 
of deposits etc) (CPC 
81339**)
(ii) foreign exchange
(CPC 81333)
(iii) derivative products 
including, but not limited to, futures and options 
(CPC 81339**)
(iv) exchange rates and interest
rate instruments, includingproducts such as swaps,forward rate agreementsetc (CPC 81339**)
(v) transferable securities
(CPC 81321)
(vi) other negotiable
instruments and financialassets, including bullion(CPC 81339**)
(g) Participation in issues of
all kinds of securitiesincluding underwriting andplacement as agent
(whether publicly or
privately) and provision ofservices related to suchissues (CPC 8132)S/DCS/W/NZL
Page 21Modes of supply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence of natural persons
Sector or Sub-sector Limitations on Market Access Limitat ions on  National Treatment Additional Commitments
(h) Money broking
(CPC 81339**)
(i) Asset management, such
as cash or portfolio
management; all forms of
collective investmentmanagement, pension fundman depository and trustservices (CPC 8119**,
81323*)
(j) Settlement and clearing
Services for financialAssets, including securities,Derivative products, andOther negotiableInstruments(CPC 81339**
81319**)
(k) Provision and transfer of
Financial information, andFinancial dataProcessing and related
Software by providers of
Other financial services(CPC 8131)
(l) Advisory, intermediation,
And other auxiliary 
financial services on all the 
activities listed in (a) to (k) above, including credit reference and analysis, investment and portfolio 
research and advice, 
advice on acquisitions and on corporate restructuring and strategy (CPC 8131, 8133)S/DCS/W/NZL
Page 22Modes of supply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence of natural persons
Sector or Sub-sector Limitations on Market Access Limitat ions on  National Treatment Additional Commitments
9. TOURISM AND
TRAVEL RELATEDSERVICES
A. Hotels and Restaurants
(CPC 641-643)1) None
2) None
3) None4) Unbound except as indicated in the horizontal
section.1) None
2) None
3) None4) Unbound except as indicated in the horizontal
section.
B./ Travel Agencies, Tour
C. Guides and Tour Operator 
Services
(7471, 7472)1) None
2) None
3) None4) Unbound except as indicated in the horizontal
section.1) None
2) None
3) None4) Unbound except as indicated in the horizontal
section.
11. TRANSPORT SERVICES
A. Maritime Transport
ServicesGeneral conditions applicable to allmaritime service sectors:  marketing andsales of maritime transport services forproducts covered under CPC 01, 02, 211,213-216, 22, 2399 and 261;  unbound.
International Transport(freight and passengers)(CPC 7211 and CPC 7212 less cabotage-as defined in Attachment A.3)1) None
2) None3) Unbound for establishment of registered
company for the purpose of operating a fleet under the New Zealand flag.
4) Unbound for ships crews.  Otherwise
unbound except as indicated in the horizontal section.1) None
2) None3) Unbound as described in the market access
column.
4) Unbound except as indicated in the
horizontal section.S/DCS/W/NZL
Page 23Modes of supply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence of natural persons
Sector or Sub-sector Limitations on Market Access Limitat ions on  National Treatment Additional Commitments
Maritime Auxiliary
Services
Storage and warehousing
services
(CPC 742)1) Unbound*
2) None
3) None
4) Unbound except as indicated in the
horizontal section.1) Unbound*
2) None
3) None
4) Unbound except as indicated in the
horizontal section. 
Maritime freightforwarding services (asdefined in AttachmentA.4)1) None
2) None3) None4) Unbound except as indicated in the
horizontal section.1) None
2) None3) None4) Unbound except as indicated in the
horizontal section.
B. Air Transport Services
Selling and marketing of
air transport services41)2)Unbound for products covered under CPC&3) 01, 02, 211, 213-216, 22, 2399 and 261.4) Unbound except as indicated in the
horizontal section.1) None
2) None3) None
4) Unbound except as indicated in the
horizontal section.
Computer reservationsystem services
5
(CPC 7523**)1) None
2) None3) None
4) Unbound except as indicated in the
horizontal section.1) None
2) None3) None
4) Unbound except as indicated in the
horizontal section.
                                                          
* Unbound due to lack of technical feasibility.
4 As defined in paragraph 6(b) of the Annex on Air Transport Services.
5 As defined in paragraph 6(c) of the Annex on Air Transport ServicesS/DCS/W/NZL
Page 24Modes of supply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence of natural persons
Sector or Sub-sector Limitations on Market Access Limitat ions on  National Treatment Additional Commitments
E. Rail Transport Service
(CPC 711)1) None
2) None3) None4) Unbound except as indicated in the
horizontal section.1) None
2) None3) None4) Unbound except as indicated in the
horizontal section.
F. Commercial Road
Transport Services
(passenger, goods, rental
and vehicle recovery)
(712 except 71235)1) None
2) None3) None
4) Unbound except as indicated in the
horizontal section.1) None
2) None3) None
4) Unbound except as indicated in the
horizontal section.
G. Pipeline Transport
(CPC 713)1) None
2) None
3) None
4) Unbound except as indicated in the
horizontal section.1) None
2) None
3) None
4) Unbound except as indicated in the
horizontal section.S/DCS/W/NZL
Page 25
ATTACHMENT A
NOTES TO THE SCHEDULE
1. Specific commitments in this schedule are prepared in accordance with the Secretariat paper
entitled "Scheduling of Initial Commitments on Trade in Services:  Explanatory Note"(MTN.GNS/W/164).  The classification of sectors in this schedule is based on the 1991 provisional
Central Product Classification (CPC) of the United Nations Statistical Office, while the ordering
reflects the classification system used by the Secretariat in MTN.GNS/W/120.  In the context of CPC
listings in the schedule, the use of ** against individual CPC listings indicates that the service
specified constitutes only part of the total range of activities covered by the CPC concordance.
Overseas Investment
2. An “overseas person” is defined as an indivi dual not normally resident in New Zealand;  a
company not incorporated in New Zealand;  a New Zealand-incorporated company in which 25 per
cent or more of any class of shares or 25 per cent or more of the voting power is held by overseas
persons;  or a nominee of the overseas person, whether or not the nominee is himself/herself an
overseas person.
Maritime Transport Services
3. Cabotage:  for purposes of this schedule only, cabotage is defined as the transportation of
passengers or goods between a port located in New Zealand and another port located in New Zealand
and traffic originating and terminating in the same port located in New Zealand.
4. Maritime Freight Forwarding Services:  the activity consisting of organising and monitoring
shipment operations on behalf of shippers, through the acquisition of transport and related services,
preparation of documentation and provision of business information.S/DCS/W/NZL
Page 26
ATTACHMENT B
REFERENCE PAPER
Scope
The following are definitions and principles on the regulatory framework for the basic
telecommunications services1.
Definitions
Users mean service consumers and service suppliers.
Essential facilities2 mean facilities of a public telecommunications transport network or 
service that(a) are exclusively or predominantly provided by a single or limited number of suppliers;
and
(b) cannot feasibly be economically or technically substituted in order to provide a 
service.
A major supplier is a supplier which has the ability to materially affect the terms of 
participation (having regard to price and supply) in the relevant market for basic 
telecommunications services as a result of:
(a) control over essential facilities;  or(b) use of its position in the market.
1. Competitive safeguards
1.1 Prevention of anti-competitive practices in telecommunications
Appropriate measures shall be maintained for the purpose of preventing suppliers who, alone 
or together, are a major supplier from engaging in or continuing anti-competitive practices.
1.2 Safeguards
The anti-competitive practices referred to above shall include in particular:(a) engaging in anti-competitive cross-subsidization;(b) using information obtained from competitors with anti-competitive results;  and
(c) not making available to other services suppliers on a timely basis technical 
information about essential facilities and commercially relevant information which 
are necessary for them to provide services.
                                                          
1 This applies only to suppliers of basic telecommunications services and not to end-users of such
services.
2 This definition of "essential facilities" will be applied only to the extent consistent with New
Zealand's competition policy regime, which regulates the activities of "dominant suppliers".S/DCS/W/NZL
Page 27
2. Interconnection
2.1 This section applies to linking with suppliers providing public telecommunications transport 
networks or services in order to allow the users of one supplier to communicate with users of 
another supplier and  to access services provided by another supplier, where specific 
commitments are undertaken.
2.2 Interconnection to be ensured
Interconnection with a major supplier will be ensured at any technically feasible point in the 
network.  Such interconnection is provided.
(a) under non-discriminatory terms, conditions (including technical standards and 
specifications) and rates and of a quality no less favourable than that provided for its 
own like services or for like services of non-affiliated service suppliers or for its 
subsidiaries or other affiliates;
(b) in a timely fashion, on terms, conditions (including technical standards and 
specifications) and cost-oriented rates that are transparent, reasonable, having regard 
to economic feasibility, and sufficiently unbundled so that the supplier need not pay 
for network components or facilities that it does not require for the service to be 
provided;  and
(c) upon request, at points in addition to the network termination points offered to the 
majority of users, subject to charges that reflect the cost of construction of necessary additional facilities.
2.3 Public availability of the procedures for interconnection negotiations
The procedures applicable for interconnection to a major supplier will be made publicly 
available.
2.4 Transparency of interconnection arrangements
It is ensured that a major supplier will make publicly available either its interconnection 
agreements or a reference interconnection offer.
2.5 Interconnection:  dispute settlement
A service supplier requesting interconnection with a major supplier will have recourse, either:(a) at any time or(b) after a reasonable period of time which has been made publicly known
to an independent domestic body, which may be a regulatory body as referred to in paragraph 5
below, to resolve disputes regarding appropriate terms, conditions and rates for interconnection within
a reasonable period of time, to the extent that these have not been established previously.S/DCS/W/NZL
Page 28
3. Universal service
Any Member has the right to define the kind of universal service obligation it wishes to
maintain.  Such obligations will not be regarded as anti-competitive per se, provided they are
administered in a transparent, non-discriminatory and competitively neutral manner and are not more
burdensome than necessary for the kind of universal service defined by the Member.
4. Public availability of licensing criteria
Where a licence is required, the following will be made publicly available:(a) all the licensing criteria and the period of time normally required to reach a decision 
concerning an application for a licence and
(b) the terms and conditions of  individual licences.The reasons for the denial of a licence will be made known to the applicant upon request.
5. Independent regulators
The regulatory body is separate from, and not accountable to, any supplier of basic
telecommunications services. The decisions of and the procedures used by regulators shall be
impartial with respect to all market participants.
6. Allocation and use of scarce resources
Any procedures3 for the allocation and use of scarce resources, including frequencies,
numbers and rights of way, will be carried out in an objective, timely, transparent and non-
discriminatory manner.  The current state of allocated frequency bands will be made publicly
available, but detailed identification of frequencie s allocated for specific government uses is not
required
_______________
                                                          
3 Such procedures may be administered by means of a variety of mechanisms, including laws  and
regulations, public tendering process and consultative processes.S/DCS/W/NZL
Page 29NEW ZEALAND – FINAL LIST OF ARTICLE II (MFN) EXEMPTIONS
Sector or SubsectorDescription of measure
indicating its inconsistency
with Article IICountries to which the
measure appliesIntended durationConditions creating  the need for
the exemption
Audiovisual services National treatment, in the form
of access to finance and tax
concessions and simplified
requirements for the temporaryentry of skilled personnel intoNew Zealand for the purposes ofthe coproduction of films and
television programmes, is
extended to audiovisual workscovered under Film Co-Production Agreements orArrangements with the countriesindicated in
column 3Canada*
∗, France*, United
Kingdom* and any othercountry where cultural
cooperation might be desirable
and which is prepared toexchange preferential treatmenton the terms and conditionsspecified in such arrangementsor agreementsIndefinite To support the development of the
New Zealand film industry for
cultural reasons and to share benefits
with others with similar policies
Interpretation services More favourable entry
conditions possible for nationalsof countries listed in column 3with requisite skills asinterpreters for employment for
up to two years in tourism-
related industriesJapan and other countries with
whom such arrangements maybe desirableIndefinite New Zealand's Tourism Development
Policies
Maritime (passenger andfreight)The supply of services by
officers on New Zealand ships is
limited to citizens with requisite
qualifications, from either NewZealand or the countries listed incolumn 3Eire, Hong Kong, United
Kingdom, Canada, India,
Malaysia, Singapore, Pakistan,
South AfricaIndefinite To promote local maritime
recruitment and maintain maritime
training standards
                                                          
∗ These Agreements provide New Zealand with reciprocal access to  Co-Production Agreement signed with Third Countries/Parties.S/DCS/W/NZL
Page 30
Sector or SubsectorDescription of measure
indicating its inconsistency
with Article IICountries to which the
measure appliesIntended durationConditions creating  the need for
the exemption
All sectors More favourable entry
conditions possible for up to 20Nationals each year foremployment purposesKiribati Indefinite New Zealand's Development
Assistance policies aimed atproviding income, job skills, on thejob training and work experience
All sectors More favourable entry
conditions possible for up to 80
Nationals at any one time for
employment purposesTuvalu Indefinite New Zealand's Development
Assistance policies aimed at
providing income, job skills, on the
job training and work experience
__________