RESTRICTED
WORLD TRADE S/C/M/5
29August 1995
ORGANIZATION(95-2516)
Council forTrade inServices
REPORT OFTHE MEETING HELD ON21JULY 1995
Note bytheSecretariat
1. TheCouncil forTrade inServices heldameeting on21July1995. Theagenda forthemeeting
iscontained inairgram WTO/AIR/129. Nomatters were raised under Other Business.
ITEM A:MATTERS RELATING TONEGOTIATIONS ONFINANCIAL SERVICES
2. TheChairman drew attention tothetwodraft Decisions which hadbeenproposed bythe
Committee onTrade andFinancial Services forconsideration andadoption bytheCouncil. Thedraft
Decision onCommitments inFinancial Services andthedraftSecond Decision onFinancial Services
werecontained indocuments S/C/W/6 andS/C/W/7 respectively. TheChairman suggested thatthe
Council should adopt thetwoDecisions.
3. TheCouncil soagreed.
ITEMB:MATTERSRELATINGTONEGOTIATIONSONMOVEMENTOFNATURALPERSONS
4. TheChairman drewattention tothedraftDecision onMovement ofNatural Persons contained
indocument S/C/W/8 which hadbeenproposed bytheNegotiating Group onMovement ofNatural
Persons forconsideration andadoption bytheCouncil. TheChairman suggested thattheCouncil should
adopt theDecision.
5. TheCouncil soagreed.
6. After theadoption oftheDecision theChairman made thefollowing statement:
"Itwasagreed intheNegotiating Group onMovement ofNatural Persons thisafternoon that
Members would givesympathetic consideration totheproposal thattheCouncil forTrade in
Services, atitsnextmeeting, should decide ontheestablishment ofaCommittee onSpecific
Commitments, which would, interalia,oversee theimplementation ofcommitments onthe
movement ofnatural persons. Thecommittee would alsoexamine technical accuracy and
legalconsistency ofschedules andMFN exemptions. Itwasfurther agreed thatdelegations
would within thenextfewdaysconfirm theirability toaccept thesubmission ofthisproposal
totheCouncil".
TheChairman suggested thatifnoopposition wasexpressed byMembers by26July1995,
thismatter would beaddressed atthenextCouncil meeting.
7. TheCouncil soagreed.