RESTRICTED
WORLD TRADE GATS/EL/88/Suppl.1
28July1995
ORGANIZATION(95-2253)
Trade inServices
TURKEY
ListofArticle II(MFN) Exemptions
Supplement 1
(This isauthentic inEnglish only)
_______________
Thistextreplaces theFinancial Services section contained inpage6ofdocument GATS/EL/88.TURKEY -LIST OFARTICLE II(MFN) EXEMPTIONS
Sector orsubsector Description ofmeasure
indicating itsinconsistency
withArticle IICountries towhich the
measure appliesIntended duration Conditions creating the
need fortheexemption
Financial Services
BankingShould national banks
wishing toopenbranches in
thecountries whose banks
havealready opened orwill
openbranches inTurkey, are
forced tomeetstricter
conditions which theywillbe
subject tounder the
legislation ofthose countries,
orwhich aretobemade
stricter afterwards, than
those imposed intheTurkish
Banks Act,foreign banks
compliance withthesame
conditions andtheannulment
ofthepermissions ofthose
failing tocomply withsuch
condition should berequired.
withsuchcondition should
berequired.Allcountries. Indefinite. Desire toensure equal
treatment toTurkish banks
intheother countries.
GATS/EL/88/Suppl.1
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