RESTRICTED
WORLD TRADE WT/L/77/Add.2
20July1995
ORGANIZATION(95-2085)
REPORT OFTHE WORKING PARTY ONTHE ACCESSION OFECUADOR
Schedule CXXXIII -Ecuador
PartII-Schedule ofSpecific Commitments onServices
Addendum
ThePermanent Mission ofEcuador transmitted totheSecretariat thefollowing Schedule of
Specific Commitments intheservices area. ThisSchedule wasapproved bythePreparatory Committee
oftheWorld Trade Organization on21December 1994.1
_______________
Inconformity withparagraph 5oftheFinal Actembodying theresults oftheUruguay Round
Multilateral Trade Negotiations, Ecuador provides below itsSchedule ofInitial Commitments.
Theofferonfinancial services ispresented inaccordance withtheSecond Annex onFinancial
Services andtheDecision onFinancial Services, which arepartoftheabove-mentioned Final Act.
Consequently, inatermnolonger thansixmonths, starting onthedateofentry intoforce oftheWTO
Agreement, Ecuador willhave thefreedom toimprove, modify orwithdraw allorpartofits
commitments onthissector without offering compensation aswellaslistintheAnnex onArticle II
exemption measures relating tofinancial services which areinconsistent withparagraph 1ofArticle II
oftheAgreement.
Ecuador, which hasbeenaccepted asobserver intheNegotiating Groups onmaritime transport
services, basictelecommunications, financial services andmovement ofnatural persons, willparticipate
asfullmember ofthese groups assoonasitbecomes amember oftheWTO.
1ThisSchedule waspreviously circulated asdocument L/7566.WT/L/77/Add.2
Page2SCHEDULE OFSPECIFIC COMMITMENTS OFECUADOR
Modes ofsupply: (1) Cross-border supply (2) Consumption abroad
(3) Commercial presence (4) Presence ofnatural persons
Sector orSubsector Limitations onMarket Access Limitations onNational
TreatmentAdditional Commitments
HORIZONTAL COMMITMENTS
Allthesectors included inthis
scheduleNational legislation specifies thefollowing restrictions
formarket access andnational treatment:
4.Unbound, except forthefollowing personnel
categories:4.Unbound, except as
indicated inthecolumn
"limitations onmarket
access".
Manager: Anatural person occupying thehighest
position whoprimarily directs themanagement ofthe
establishment, receiving general supervision from the
board ofdirectors orstockholders ortheirequivalent,
andhastheauthority tohireandfireortakeanyother
decision concerning thepersonnel;
Administrator: Anatural person occupying asenior
position, whodirects theestablishment ora
department orsubdivision oftheestablishment,
supervises andcontrols thework ofother
supervisories, professional ormanagerial employees,
andwhoreceives instructions from themanager ofthe
establishment;
Modes ofsupply: (1) Cross-border supply (2) Consumption abroad
(3) Commercial presence (4) Presence ofnatural personsWT/L/77/Add.2
Page3Sector orSubsector Limitations onMarket Access Limitations onNational
TreatmentAdditional Commitments
Legal representatives: Anatural person occupying a
senior position, whohasthepower toundertake
formally obligations inthename oftheestablishment;
and
Specialist: Anatural person whopossesses specific
knowledge essential totheestablishment 'sservice,
research equipment, techniques ormanagement.
Anyemployer withastaffofmore than10employees
must employ Ecuadoreans inproportions ofnotless
than90percentofthestaffofordinary workers, and
notlessthan80percentofskilled employees or
specialists, administrative stafforpersons inposts of
responsibility. Thislimitation doesnotapply foran
employer withastaffofupto10employees.WT/L/77/Add.2
Page4Modes ofsupply: (1) Cross-border supply (2) Consumption abroad
(3) Commercial presence (4) Presence ofnatural persons
Sector orSubsector Limitations onMarket Access Limitations onNational
TreatmentAdditional
Commitments
1. BUSINESS SERVICES
A. Professional Services
(a) Legal services (CCP 861). Only advisory services
inforeign legislation andinternational legislation
(excludes advice andlitigation innational law).(1) None
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.(1) None
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.
(b) Accounting, auditing andbookkeeping services
(CCP 862)(1) Unbound
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.(1) Unbound
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.
(c) Taxation services (CCP 863) (1) Unbound
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.(1) Unbound
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.WT/L/77/Add.2
Page5Modes ofsupply: (1) Cross-border supply (2) Consumption abroad
(3) Commercial presence (4) Presence ofnatural persons
Sector orSubsector Limitations onMarket Access Limitations onNational
TreatmentAdditional
Commitments
(d)and(g)Architectural services (CCP 8671) including
urban planning andlandscape architectural services
(CCP 8674)(1) None
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.(1) None
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.
(e)Engineering services (CCP 8672) (1) None
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.(1) None
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.
B. Computer andRelated Services
(a)Consulting services forinstallation ofcomputer
equipment (CCP 841)(1) Unbound
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section(1) Unbound
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.WT/L/77/Add.2
Page6Modes ofsupply: (1) Cross-border supply (2) Consumption abroad
(3) Commercial presence (4) Presence ofnatural persons
Sector orSubsector Limitations onMarket Access Limitations onNational
TreatmentAdditional
Commitments
(b)Software implementation services (CCP 842) (1) Unbound
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.(1) Unbound
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.
(c)Dataprocessing services (CCP 843) (1) Unbound
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.(1) Unbound
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.
(d)Databaseservices (CCP 844) (1) Unbound
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.(1) Unbound
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.
(d)Airline computer reservation systems (1) None
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.(1) None
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.WT/L/77/Add.2
Page7Modes ofsupply: (1) Cross-border supply (2) Consumption abroad
(3) Commercial presence (4) Presence ofnatural persons
Sector orSubsector Limitations onMarket Access Limitations onNational
TreatmentAdditional
Commitments
E. Rental/Leasing Services without operators
(a)Rental orleasing ofcarsandships without operators
(CPC 83101 and83103)(1) Unbound
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.(1) Unbound
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.
F. Other Business Services
(c)Management consulting services (CPC 865)and
(d)Services related tomanagement consulting
(CPC 866)(1) None
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.(1) None
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.
(h)Services incidental tomining (CCP 833) (1) Unbound
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.(1) Unbound
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.WT/L/77/Add.2
Page8Modes ofsupply: (1) Cross-border supply (2) Consumption abroad
(3) Commercial presence (4) Presence ofnatural persons
Sector orSubsector Limitations onMarket Access Limitations onNational
TreatmentAdditional
Commitments
(m)Related scientific andtechnical consulting services
(CCP 8675)
-Study andevaluation ofhydrocarbon deposits (1) Unbound
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.(1) Unbound
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.
-Production analysis control (1) Unbound
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.(1) Unbound
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.
-Improved recovery ofhydrocarbons (1) Unbound
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.(1) Unbound
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.WT/L/77/Add.2
Page9Modes ofsupply: (1) Cross-border supply (2) Consumption abroad
(3) Commercial presence (4) Presence ofnatural persons
Sector orSubsector Limitations onMarket Access Limitations onNational
TreatmentAdditional
Commitments
2. COMMUNICATION SERVICES
C. Telecommunication Services
(h)Electronic mail(partofCPC 7523)
(i)Voice mail(partofCPC 7523)
(j)On-line anddatabaseretrieval (partofCPC 7523)
(k)Electronic datainterchange (EDI)
(partofCPC 7523)
(l)Enhanced/value added facsimile services
(partofCPC 7523)
(m)Code andProtocol conversion (n.a.)
(n)On-line information and/or dataprocessing
(partofCPC 843)(1)None
(2)None
(3)None
(4)Unbound except asindicated
inthehorizontal section.(1)None
(2)None
(3)None
(4)Unbound except asindicated
inthehorizontal section.WT/L/77/Add.2
Page10Modes ofSupply: (1) Cross-border supply
(3) Commercial presence(2) Consumption abroad
(3) Presence ofnatural persons
Sector orSubsector Limitations onMarket Access Limitations onNational
TreatmentAdditional
Commitments
(o)Other
(1) Cellular mobile telephone services (CPC 75213)(1) Unbound
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.(1) Unbound
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.
3. CONSTRUCTION AND RELATED
ENGINEERING SERVICES
(e)Other
Sitepreparation work formining (CPC 5115)(1) None
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.(1) None
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.WT/L/77/Add.2
Page11Modes ofsupply: (1) Cross-border supply (2) Consumption abroad
(3) Commercial presence (4) Presence ofnatural persons
Sector orSubsector Limitations onMarket Access Limitations onNational
TreatmentAdditional
Commitments
4. DISTRIBUTION SERVICES
(B) Wholesale Trade Services (CPC 622) (1) Unbound
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.(1) Unbound
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.
6. ENVIRONMENTAL SERVICES
(A) Sewage Services (CPC 9401) (1) None
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.(1) None
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.
(B) Refusal Disposal Services (CPC 9402) (1) None
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.(1) None
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.WT/L/77/Add.2
Page12Modes ofsupply: (1) Cross-border supply (2) Consumption abroad
(3) Commercial presence (4) Presence ofnatural persons
Sector orSubsector Limitations onMarket Access Limitations onNational
TreatmentAdditional
Commitments
(C) Sanitation andSimilar Services (CPC 9403) (1) None
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.(1) None
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.
(D) (a)Cleaning services ofexhaust gases (CPC 9404);
Noise abatement services (CPC 9405); Nature and
landscape protection services (CPC 9406); other
(CPC 9409)(1) None
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.(1) None
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.
8. HEALTH RELATED AND SOCIAL SERVICES
(other thanthose listed under 1.a.h-j.)
(A) Hospital Services (CPC 9311) (1) None
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.(1) None
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.
9. TOURISM AND TRAVEL RELATED SERVICES
(A) Hotels andRestaurants (incl. catering)
(CPC 641-643)(1) None
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.(1) None
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.WT/L/77/Add.2
Page13Modes ofsupply: (1) Cross-border supply (2) Consumption abroad
(3) Commercial presence (4) Presence ofnatural persons
Sector orSubsector Limitations onMarket Access Limitations onNational
TreatmentAdditional
Commitments
(B) Travel Agencies andTour Operators Services
(CPC 7471)
Travel Agencies andTourism (including wholesale
operators)(1) None
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.(1) None
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.
10. RECREATIONAL, CULTURAL AND
SPORTING SERVICES
(A) Entertainment Services (including theatre, live
bands andcircus services) (CPC 9619)(1) None
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.(1) None
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.
(C) Libraries, Archives, Museums andOther Cultural
Services (CPC 963)(1) None
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.(1) None
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.WT/L/77/Add.2
Page14Modes ofsupply: (1) Cross-border supply (2) Consumption abroad
(3) Commercial presence (4) Presence ofnatural persons
Sector orSubsector Limitations onMarket Access Limitations onNational
TreatmentAdditional
Commitments
(D) Sporting andOther Recreational Services
(CPC 964)(1) None
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.(1) None
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.
11. TRANSPORT SERVICES
(C) AirTransport Services
(d)Aircraft repair andmaintenance services
(partof8868)(1) Unbound
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.(1) Unbound
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.
(F) Road Transport Services
(a)Passenger transport services
(b)Freight transport services
(c)Rental ofcommercial vehicles withoperator
(CPC 7121+7122+7123+7124)(1) Unbound
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.(1) Unbound
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.
(H) Auxiliary Services onlyformaritime transport
(a)Loading andunloading offreight
(b)Warehouse services
(c)Freight transport agencies
(CPC 741+742+748+749)(1) Unbound
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.(1) Unbound
(2) None
(3) None
(4) Unbound except as
indicated inthehorizontal
section.WT/L/77/Add.2
Page15FINANCIAL SERVICES
Modes ofsupply: (1) Cross-border supply (2) Consumption abroad
(3) Commercial presence (4) Presence ofnatural persons
Sector orSubsector Limitations onMarket Access Limitations onNational
TreatmentAdditional
Commitments
A. INSURANCE SERVICES
(1)Insurance ofrisksrelating tomaritime shipping and
commercial aviation covering bothvehicles, goods and
liability arising therefrom oreither ofthem, and
insurance ofrisksrelating togoods ininternational
transit;
(2)Reinsurance andretrocession;
(3)Direct insurance (including co-insurance)
(i) life
(ii) non-life
(4)Insurance intermediation, suchasbrokerage and
agency;
(5)Services auxiliary toinsurance, suchasconsultancy,
actuarial, riskassessment andclaim settlement services.(1) Unbound
(2) Unbound
(3) None
(4) Unbound, except where
specified inhorizontal
commitments. Intheforeign
insurance companies atleast
50%ofthetotalamount of
salaries must correspond to
Ecuadorean employees.(1) Unbound
(2) Unbound
(3) None
(4) Unbound, except where
specified inhorizontal
commitments. Inthe
foreign insurance
companies atleast50%of
thetotalamount of
salaries must correspond
toEcuadorean employees.WT/L/77/Add.2
Page16Modes ofsupply: (1) Cross-border supply (2) Consumption abroad
(3) Commercial presence (4) Presence ofnatural persons
Sector orSubsector Limitations onMarket
AccessLimitations onNational
TreatmentAdditional
Commitments
B. BANKING AND OTHER FINANCIAL SERVICES
(excl. insurance)
(a)Acceptance ofdeposits andother repayable funds from thepublic
(CPC 81115-81119)
(b)Lending ofalltypes, including interalia,consumer credit,
mortgage credit, factoring andfinancing ofcommercial transaction
(CPC 8113)
(c)Financial leasing (CPC 8112)
(d)Allpayment andmoney transmission services (CPC 81339)
(e)Guarantees andcommitments (partofCPC 81199)
(f)Trading forownaccount orforaccount ofcustomers, whether onan
exchange, inanover-the-counter market orotherwise, thefollowing:
-money market instruments (cheques, bills, certificate of
deposits, etc.)(partof81339)
-foreign exchange (CPC 81333)
-derivative products including, butnotlimited to,futures and
options (partofCPC 81339)(1) None
(2) None
(3) None*
(4) Unbound, except
where specified in
thehorizontal
commitments.(1) None
(2) None
(3) None
(4) Unbound, except
where specified in
thehorizontal
commitments.
*Aforeign financial institution shallalways indicate itsforeign nature initscompany name; allocate andretain inthecountry theamount ofcapital andreserves required under the
General Banking Law; andtakeintoaccount thatcreditors ofthebranch ofaforeign bank inEcuador shall enjoy preferential rights withregard totheassets which thatbranch possesses
inthecountry intheevent ofthewinding upofitshead office orofitsbusiness inEcuador foranyreason. Without prejudice totheforegoing, thehead office oftheforeign bank shallbe
liable fortheobligations entered intobythebranch office inEcuador.WT/L/77/Add.2
Page17Modes ofsupply: (1) Cross-border supply (2) Consumption abroad
(3) Commercial presence (4) Presence ofnatural persons
Sector orSubsector Limitations onMarket
AccessLimitations onNational
TreatmentAdditional
Commitments
-exchange rateandinterest instruments, including products
suchasswaps, forward rateagreements, etc.(CPC 81339*)
-transferable securities (CPC 81321*)
-other negotiable instruments andfinancial assets, including
bullion (partofCPC 81339)
(g)Participation inissues ofallkinds ofsecurities, including under-
writing andplacement asagent (whether publicly orprivately) and
provision ofservice related tosuchissues (CPC 8132)
(h)Money broking (partofCPC 81339)
(i)Asset management, suchascashorportfolio management, allforms
ofcollective investment management, pension fundmanagement,
custodial depository andtrustservices (Part ofCPC 8119+81323*)
(j)Settlement andclearing services forfinancial assets, including
securities, derivative products, andother negotiable instruments
(Part ofCPC 81339 or81319)
(k)Advisory andother auxiliary financial services onalltheactivities
listed inArticle 1BofMTN.TNC/W/50, including credit reference and
analysis investment andportfolio research andadvice, advice on
acquisitions andoncorporate restructuring andstrategy (CPC 8131 or
8133)
(l)Provision andtransfer offinancial information, andfinancial data
processing andrelated software byproviders ofother financial services
(CPC 8131)
*Aforeign financial institution shallalways indicate itsforeign nature initscompany name; allocate andretain inthecountry theamount ofcapital andreserves required under the
General Banking Law; andtakeintoaccount thatcreditors ofthebranch ofaforeign bank inEcuador shallenjoy preferential rights withregard totheassets which thatbranch possesses
inthecountry intheevent ofthewinding upofitshead office orofitsbusiness inEcuador foranyreason. Without prejudice totheforegoing, thehead office oftheforeign bank shallbe
liable fortheobligations entered intobythebranch office inEcuador.WT/L/77/Add.2
Page18ECUADOR -LIST OFARTICLE II(MFN) EXEMPTIONS
Sector orSubsector Description ofmeasure indicating its
inconsistency withArticle IICountries towhich
themeasure appliesIntended duration Conditions creating
theneedforthe
exemption
Audiovisual services Ibero-American Cinematographic Integration
Agreement:
- Freedom ofentry, residence andmovement
isgranted tonationals responsible for
activities related tocinematographic
production.
- Theshowing ofIbero-American
cinematographic works isfacilitated on
existing audiovisual channels orbycreating
channels ineachofthesignatory countries.Argentina, Brazil,
Colombia, Cuba,
Spain, Italy,
Mexico, Nicaragua,
Panama, Peruand
theDominican
Republic.Indefinite Protection of
principle ofthe
relevant
agreements
Latin American Cinematographic Agreement: Argentina, Brazil,
Colombia, Cuba,
Spain, Italy,
Mexico, Nicaragua,
Panama, Peruand
theDominican
Republic.IndefiniteWT/L/77/Add.2
Page19Sector orSubsector Description ofmeasure indicating its
inconsistency withArticle IICountries towhich
themeasures applyIntended duration Conditions creating
theneedforthe
exemption
- National treatment forco-producing
cinematographic works
- Cinematographic works must bemade by
professionals whoarenationals ofor
residents inthemember States.
- Movement andresidence oftheartistic and
technical personnel working on
cinematographic works arefacilitated.
- Theimport andexport ofmaterial and
equipment necessary formaking
co-produced cinematographic works is
facilitated.
- Co-producing countries areentitled tothe
profits ofexploitation ofthework ontheir
territory.
- Whatever system fortheuseofexchange
ofservice, material andproducts thatsuits
theco-producers maybeagreed.
- Directors ofsuchco-productions must be
nationals oforresident inoneofthe
member co-producing States inLatin
America, theCaribbean orother Spanish
speaking orPortuguese speaking countries.