GENERAL AGREEMENT GATS/SC/50
15April 1994
ONTRADE INSERVICES (94-1048)
MACAU
Schedule ofSpecific Commitments
(This isauthentic inEnglish only)
____________________MACAU -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
1. BUSINESS SERVICES
E. Rental leasing services
without operators
c) Related toother transport
equipment
(CPC 83101 +83102 +
83105)1) Unbound
2) None
3) None
4) Unbound1) Unbound
2) Unbound
3) None
4) Unbound
7. FINANCIAL SERVICES
A. Allinsurance and
insurance related services
a) Life, accident andhealth
insurance services
(CPC 8121)1) Unbound 1) Unbound
b) Non-life insurance
services
(CPC 8129)2) None 2) Unbound
c) Reinsurance and
retrocession
(CPC 81299*)3) None 3) None
GATS/SC/50
Page 1MACAU (continued)GATS/SC/50
Page 2
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
d)Services auxiliary to
insurance (including
brooking andagency
services)
(CPC 8140)4) Unbound 4) Unbound
B. Banking andother
financial services
(excluding insurance)
a) Acceptance ofdeposits
andother repayable
funds from thepublic
(CPC 81115 -81119)1) Unbound 1) Unbound
b) Lending ofalltypes,
including inter alia,
consumer credit
mortgage credit,
factoring andfinancing
ofcommercial
transaction
(CPC 8113)
c) Financial leasing
(CPC 8112)
d) Allpayment andmoney
transmission services
(CPC 81339**)MACAU (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
e) Guarantees and
commitments
(CPC 81399**)2) None 2) Unbound
f) Trading forownaccount
orforaccount of
customers, whether on
anexchange, inanover-
the-counter market or
otherwise, thefollowing:
-money market
instruments
(cheques, bills,
certificates of
deposits, etc.)
(CPC 81339**)
-foreign exchange
(CPC 81333)
-derivative products
including butnot
limit to,futures and
options
(CPC 81339**)
GATS/SC/50
Page 3MACAU (continued)GATS/SC/50
Page 4
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
-exchange rateand
interest rate
instruments,
including products
such asswaps,
forward rate
agreement, etc.
(CPC 81339**)
-transferable
securities
(CPC 81321*)
-other negotiable
instruments and
financial, assets,
including bullion
(CPC 81339**)3) None 3) None
g) Participation inissues of
allkinds ofsecurities,
including under-writing
andplacement asagent
(whether ofservice
related tosuch issues
publicly orprivately) and
provision
(CPC 8132)
h) Money broking
(CPC 81339**)MACAU (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
i) Asset management, such
ascashofportfolio
management, allforms
ofcollective investment
management, pension
fund management,
custodial depository and
trustservices
(CPC 8119** +81323*)
j) Settlement andclearing
services forfinancial
assets, including
securities, derivative
products, andother
negotiable instruments
(CPC 81339** or
81319**)4) Unbound 4) Unbound
k) Advisory andother
auxiliary financial,
services onallthe
activities listed inarticle
1BofMTN.TNC/W/50,
including credit reference
andanalysis, investment
andportfolio research
andadvice, advice on
acquisitions andon
corporate restructuring
andstrategy (CPC 8131
or8133)
GATS/SC/50
Page 5MACAU (continued)GATS/SC/50
Page 6
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
1) Provision andtransfer of
financial information,
andfinancial data
processing andrelated
software byproviders of
other financial services
(CPC 8131)
9. TOURISM AND
TRAVEL RELATED
SERVICES
A. Hotels andrestaurants
(excluding catering)
(CPC 641-643, ex.
64230)1) Unbound
2) None
3) None
4) Unbound1) Unbound
2) Unbound
3) None
4) Unbound
B. Travel agencies andtour
operator services
(CPC 7471)1) Unbound
2) None
3) Branches andsubsidiaries arenotallowed
4) Unbound1) Unbound
2) Unbound
3) None
4) Unbound