GENERAL AGREEMENT GATS/SC/94
15April 1994
ONTRADE INSERVICES (94-1092)
ZIMBABWE
Schedule ofSpecific Commitments
(This isauthentic inEnglish only)
____________________ZIMBABWE -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
I. HORIZONTAL COMMITMENTS
ALL SECTORS COVERED
BYTHIS SCHEDULE
3) Thefollowing limitations apply toforeign
investors whoseektoacquire shares in
companies listed ontheZimbabwe Stock
Exchange. Thepurchase ofshares is
limited to25percentpercounter ofthe
listed issued share capital; thislimit isin
addition toanyexisting foreign holding in
acompany. Asingle investor islimited to
amaximum of5percentoftheshares on
offer; foreign investors bringing inhard
currency mayinvest amaximum of15per
centoftheir assets inprimary issues of
bonds andstocks.
4) Unbound, except formeasures concerning
theentry andtemporary stayof
intra-corporate transfer ofexecutive and
senior managerial personnel andexcept for
specialists, subject tolackofavailability in
thelocal labour market.4) None, withrespect tocategories ofnatural
persons referred tointhemarket access
column.
Unbound, withrespect tomeasures
concerning anyother categories ofnatural
persons.
GATS/SC/94
Page1ZIMBABWE (continued)GATS/SC/94
Page2
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
II. SECTOR-SPECIFIC COMMITMENTS
2. COMMUNICATION
SERVICES
C. Telecommunication
Services
Public
Telecommunications
Transport Networks and
Services:1
- Private automatic branch
exchange (PABX)
contained within asingle
building
- Facsimile
- Data transmission
services (through leasing
point-to-point
transmission facilities
from thePTC)1) None2
2) None2
3)2PABX maybeprovided bysubsidiaries of
foreign companies. PABX forpublic
sector buildings arereserved tothePTC.
4) Unbound, except asindicated inthe
horizontal section1) None
2) None
3) None
4) Unbound, except asindicated inthe
horizontal section
1 ThePosts &Telecommunications Company (PTC) isadministered asaGovernment department intheMinistry ofPosts. Itisamonopoly provider ofpublic
telecommunications services, except withrespect tocertain services listed here.
2 Unauthorized bypass ofthePTC network isnotpermitted.ZIMBABWE (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
- Radio-communication
services (notincluding
mobile communications
service)
Value-added/Enhanced
services:
h) Electronic mail
i) Voice mail
j) On-line information and
databaseretrieval
k) Electronic data
interchange (EDI)
l) Enhanced/value-added
facsimile services, incl.
store andforward, store
andretrieve1) None1
2) None1
3) None1
4) Unbound except asindicated inthe
horizontal section1) None
2) None
3) None
4) Unbound except asindicated inthe
horizontal section
1 Unauthorized bypass ofthePTC network isnotpermitted.
GATS/SC/94
Page3ZIMBABWE (continued)GATS/SC/94
Page4
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
m) Code andprotocol
conversion
n) On-line information
and/or dataprocessing
(incl. transaction
processing)
7. FINANCIAL SERVICES
B. Banking Services
a) Acceptance ofdeposits
andother repayable
funds from thepublic1) None
2) None1) None
2) None
b) Lending ofalltypes,
including consumer
credit, mortgage, credit,
factoring andfinancing
ofcommercial
transaction
c) Financial leasing3) -Foreign equity participation infinancial
institutions isbound at60percent.
-Commercial banks maynotlendfor
building.
-Building societies maynotlendfor
working capital requirements offirms, and
maynotissue cheque books.
-Only commercial banks andmerchant
banks areauthorized toaccept deposits of
money withdrawable bycheque, draft or
order payable ondemand.3) NoneZIMBABWE (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
d) Allpayment andmoney
transmission services,
including credit, charge
anddebit cards,
travellers cheques and
bankers drafts
e) Guarantees and
commitments
Merchants banks arealso
authorized to:
-underwrite new
issues
-manage portfolios
-raise development
capital
-arranging financing
formergers and
takeoversCommercial banks andmerchant banks
maynotengage ontheir ownaccount in
wholesale orretail trade, including
export/import trade except asnecessary in
thecourse ofrecovering debts andmaynot
acquire orholdimmovable property except
asrelated toproviding housing amenities
forstaff.
-Commercial banks maynottakeequity in
non-banking institutions.
4) Unbound except asindicated inthe
horizontal section4) Unbound except asindicated inthe
horizontal section
GATS/SC/94
Page5ZIMBABWE (continued)GATS/SC/94
Page6
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
TRAFFIC RELATED
SERVICES
A. Hotels andrestaurants 1) None
2) None
3) None
4) Unbound, except asindicated inthe
horizontal section1) None
2) None
3) None
4) Unbound, except asindicated inthe
horizontal section
B. Travel agencies andtour
operators
C. Tourist guide services1) None
2) None
3) Tour operators operating avehicle ofover
three tonnes orusing more than20vehicles
must payanannual levyforeach park
4) Unbound, except asindicated inthe
horizontal section1) None
2) None
3) Foreign-based touroperators must paypark
entry feesinforeign currency. Only
locally registered Safari operators may
obtain concessions tooffer hunts through
"leasing"; orauctions bywhich hunting
areas areleased out.
4) Unbound, except asindicated inthe
horizontal section