GENERAL AGREEMENT GATS/EL/39
15April 1994
ONTRADE INSERVICES (94-1120)
HONG KONG
Final ListofArticle II(MFN) Exemptions
(This isauthentic inEnglish only)
____________________HONG KONG -FINAL LIST OFARTICLE II(MFN) EXEMPTIONS
Sector orsubsector Description ofmeasure
indicating itsinconsistency
with Article IICountries towhich the
measure appliesIntended duration Conditions creating theneed
fortheexemption
Banking andother
financial services
(excluding
insurance)Fullbanking licences areonly
granted tobanks incorporated
outside Hong Kong onthebasis
ofreciprocity.Allcountries Thereciprocity requirement will
remain inplace until similar
measures maintained byother
countries inthissector are
removed.Thereciprocity requirement is
putinplace toensure thatbanks
incorporated inHong Kong will
beaccorded equivalent market
access inplaces outside
Hong Kong.
GATS/EL/39
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