WORLD TRADE GATS/EL/121
2April 1996
ORGANIZATION(96-1173)
Trade inServices
UNITED ARAB EMIRATES
Final ListofArticle II(MFN) Exemptions under the
General Agreement onTrade inServices
Theattached communication iscirculated attherequest oftheGovernment oftheUnited Arab
EmiratesWORLD TRADE GATS/EL/121
April 1996
ORGANIZATION(96-0000)
Trade inServices
UNITED ARAB EMIRATES
Final ListofArticle II(MFN) Exemptions
(This isauthentic inEnglish only)UNITED ARAB EMIRATES -FINAL LIST OFARTICLE II(MFN) EXEMPTIONS
Sector orsubsector Description ofmeasure
indicating itsinconsistency
with Article IICountries towhich the
measure appliesIntended duration Conditions creating theneed
fortheexemption
AllSectors Preferential treatment forservice
suppliers oftheGulf Co-
operation Council (GCC)
countries.GCC countries Indefinite GCC regional arrangement and
eventual economic integration in
theareaofservices.
Financial Services Authorization forthe
entry/establishment/operation of
foreign financial services
suppliers (including banks and
insurance companies) andthe
opening ofnewbranches willbe
subject tothedecision of
competent authorities.Allcountries Indefinite UAE isasmall market andis
already saturated. Preferential
treatment, onacase-by-case
basis, mayhave tobeaccorded
inorder togetmutually
advantageous benefits forUAE.
GATS/EL/121
Page1