RESTRICTED
PREPARATORY COMMITTEE PC/W/10
FOR THE 29November 1994
WORLD TRADE ORGANIZATION
(94-2589)
Original: French PREPARATORY COMMITTEE FOR THE
WORLD TRADE ORGANIZATION
COMMUNICATION FROM ANGOLA
General Agreement onTrade inServices -Schedule ofSpecific Commitments
andListofArticle II(MFN) Exemptions
Theattached communication iscirculated bytheGovernment ofAngola tothemembers of
thePreparatoryCommittee,pursuanttoparagraph8(b)(i)oftheMinisterialDecisionontheEstablishment
ofthePreparatory Committee fortheWorld Trade Organization andinaccordance withtheagreement
reached inthePreparatory Committee on31May. GENERAL AGREEMENT GATS/SC/100
ONTRADE INSERVICES
ANGOLA
Schedule ofSpecific Commitments
(This isauthentic inFrench only)
____________________
PROVISIONAL ANGOLA (continued)
ANGOLA -SCHEDULE OFSPECIFIC COMMITMENTS
Modes ofsupply: (1)Cross-border supply (2)Consumption abroad (3)Commercial presence (4)Presence ofnatural persons
Sector orSubsector Limitations onMarket Access Limitations onNational Treatment Additional Commitments
7. FINANCIAL SERVICES
B. Banking andother
financial services
(excluding insurance)
(A) Acceptance ofdeposits and
other repayable funds from
thepublic
(CPC 81115 -81119)(1) None
(2) Resident legal persons ("personnes
collectives") must transfer toAngola all
their accounts abroad unless theyhave
received aspecial authorization from the
National Bank ofAngola (Central Bank)
(Decree 16/94 of22April 1994 ofthe
Council ofMinisters)
(3) Aprior authorization must beobtained
from theMinister forFinance forexercise
ofanybanking activity
Financial institutions must besetupinthe
form ofpublic limited liability companies
withminimum capital fixed bythe
National Bank ofAngola(1) None
(2) None
(3) NoneANGOLA (continued)
Modes ofsupply: (1)Cross-border supply (2)Consumption abroad (3)Commercial presence (4)Presence ofnatural persons
Sector orSubsector Limitations onMarket Access Limitations onNational Treatment Additional Commitments
Theauthorization oftheNational Bank of
Angola must beobtained foranyshare
transaction involving non-residents
Theauthorization oftheCouncil of
Ministers must beobtained inorder toset
up(establish) subsidiaries, branch offices
andagencies offoreign banking
institutions
However, theamalgamation ordivision of
banking offices istheresponsibility ofthe
National Bank ofAngola. Law5/91 on
Financial Institutions
(4) Atleast halfofthepersonnel of
subsidiaries, branch offices andagencies
offoreign financial institutions must be
Angolan citizens(4) NoneANGOLA (continued)
Modes ofsupply: (1)Cross-border supply (2)Consumption abroad (3)Commercial presence (4)Presence ofnatural persons
Sector orSubsector Limitations onMarket Access Limitations onNational Treatment Additional Commitments
(B) Lending ofalltypes (1) Residents mayrequest loans abroad after
theNational Bank ofAngola has
authorized them todoso
(2) Residents mayrequest loans abroad after
having received theprior authorization of
theNational Bank ofAngola
(3) Unbound
(4) Unbound(1) None
(2) None
(3) None
(4) None
(C) Liquidation andmonetary
transfer services(1) Unbound
(2) Unbound
(3) Branches offoreign institutions
obligatorily responding totheprincipal
order after having fulfilled the
commitment
(4) Unbound(1) None
(2) None
(3) None
(4) NoneANGOLA (continued)
Modes ofsupply: (1)Cross-border supply (2)Consumption abroad (3)Commercial presence (4)Presence ofnatural persons
Sector orSubsector Limitations onMarket Access Limitations onNational Treatment Additional Commitments
9. TOURISM AND
TRAVEL RELATED
SERVICES
A. Hotel andrestaurant
services (including train
services)
(CPC 64543)
Hotels (1) None
(2) None
(3) None
(4) Unbound, except formeasures affecting
senior managers andspecialists with
knowledge essential forsupply ofthe
service(1) None
(2) None
(3) None
(4) Unbound, except formeasures affecting
senior managers andspecialists with
knowledge essential forsupply ofthe
serviceANGOLA (continued)
Modes ofsupply: (1)Cross-border supply (2)Consumption abroad (3)Commercial presence (4)Presence ofnatural persons
Sector orSubsector Limitations onMarket Access Limitations onNational Treatment Additional Commitments
Restaurants (1) None
(2) None
(3) None
(4) Unbound, except formeasures affecting
natural persons inthefollowing
categories: directors, senior managers
andspecialists withknowledge essential
forsupply oftheservice(1) None
(2) None
(3) None
(4) Unbound, except formeasures affecting
natural persons inthefollowing
categories: directors, senior managers
andspecialists withknowledge essential
forsupply oftheservice
Recreational, cultural and
sporting services* (1964)
*applicable totraining centres
forhigh-level sportsmen and
sportswomen(1) None
(2) None
(3) Nolimitation, subject tothelaws onthe
purchase oflandbyforeign individuals or
corporate bodies
(4) None(1) None
(2) None
(3) None
(4) None
GATS/SC/SC/100
Page7 GENERAL AGREEMENT GATS/EL/100
ONTRADE INSERVICES
ANGOLA
Final ListofArticle II(MFN) Exemptions
(This isauthentic inFrench only)
____________________
PROVISIONAL ANGOLA -FINAL LIST OFARTICLE II(MFN) EXEMPTIONS
Sector orsubsector Description ofthemeasure,
including thereasons why
incompatible with
Article IICountries towhich the
measure appliesProposed duration Conditions which make the
exemption necessary
Maritime Transport:
A.Costal shipping
(cabotage) and
regular traffic
tradePresent orfuture laws, decrees
andregulations ("réglements")
based onbilateral ormultilateral
agreements oncostal shipping
andregular traffic rights granted
totrade partnersNotspecified 10years renewable Tostimulate international trade
andpromote regional economic
integration.
B.Long-distance
maritime
transportLaws, decrees andregulations
("règlements") based onbilateral
and/or multilateral agreements.
Resolutions oftheMCWCF
adopted forimplementation of
specific provisions oftheUnited
Nations Code ofConduct for
Liner Conferences providing for
thesharing ofcargo 40/40/20Notspecified Unlimited -Need toguarantee to
national shipowners 40% of
regular traffic.
-Promote thedevelopment of
thenational fleet byusing it
asacatalyst ofthenational
economy.
-Ensure thatexports aremore
competitive anddecrease the
costofimports.
-Promote auxiliary maritime
andportservices.
-Promote thedevelopment of
newinstallations.