RESTRICTED
WORLD TRADE S/P/23
13April 1995
ORGANIZATION(95-0965)
Original: English Trade inServices
COMMUNICATION FROM LESOTHO
Schedule ofSpecific Commitments under the
General Agreement onTrade inServices
Theattached communication iscirculated attherequest ofthegovernment ofLesotho in
accordance withtheMinisterial Decision onMeasures inFavour ofLeast-Developed Countries.
_______________S/P/23
Page3
GENERAL AGREEMENT GATS/SC/
Date
ONTRADE INSERVICES (95-0000)
LESOTHO
Schedule ofSpecific Commitments
(This isauthentic inEnglish only)
____________________LESOTHO -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 INCLUDED
INTHIS SCHEDULE
1) None 1) None
2) None 2) None
3) Foreign-owned enterprises including joint-
venture enterprises withLesotho, must
satisfy minimum capital outlay andforeign
equity requirements asfollows:3) None
Wholly foreign-owned company required a
minimum equity capital outlay of
US$200,000. Joint-venture company
should have aminimum foreign-equity
capital outlay ofUS$50,000 incashorin
kind.
Agency establishment must have authority
tonegotiate andconclude contracts on
behalf offoreign parent company.
GATS/SC/
Page1LESOTHO (continued)GATS/SC/
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
4) Automatic entry andwork permit is
granted forupto4expatriate senior
executives andspecialized skillpersonnel
inaccordance withrelevant provisions in
theLaws ofLesotho. Approval isrequired
foranyadditional expatriate workers
beyond theautomatic level. Enterprises
must alsoprovide fortraining inhigher
skills forthelocals toenable them to
assume specialized roles.4) NoneLESOTHO (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
II. SECTOR-SPECIFIC COMMITMENTS
1. BUSINESS SERVICES
A. Professional Services
(a) Legal Services (advisory
services inforeign and
international lawonly)
(CPC 861+)1) Unbound
2) Unbound
3) None
4) Unbound except asindicated inthe
horizontal section1) Unbound
2) Unbound
3) None
4) Unbound except asindicated inthe
horizontal section
(b) Legal Services (domestic
lawonly)
(CPC 861+)1) Unbound
2) Unbound1) Unbound
2) Unbound
3) Unbound except asindicated under
horizontal section
4) Unbound except asindicated under
horizontal section3) Unbound except asindicated under
horizontal section
4) Unbound except asindicated under
horizontal section
GATS/SC/
Page3LESOTHO (continued)GATS/SC/
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
(b) Auditing
(CPC 862+)1) Unbound
2) Unbound
3) None
4) Unbound except asindicated under
horizontal section1) Unbound
2) Unbound
3) None
4) Unbound except asindicated under
horizontal section
(c) Taxation services
(excluding legal services
(CPC 863)1) None
2) None
3) None
4) Unbound except asindicated under
horizontal section1) None
2) None
3) None
4) Unbound except asindicated under
horizontal sectionLESOTHO (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) Architectural Services
(CPC 8671)1) Forbuilding plans of500square metres
andover theservices ofalocally registered
architect have tobeutilised
2) Forbuilding plans of500square metres
andover theservices ofalocally registered
architect have tobeutilised
3) None
4) Unbound except asindicated under
horizontal section1) None
2) None
3) None
4) Unbound except asindicated under
horizontal section
(e) Engineering Services
(CPC 8672)1) None
2) None
3) None
4) Unbound except asindicated under
horizontal section1) None
2) None
3) None
4) Unbound except asindicated under
horizontal section
(f) Integrated Engineering
Services
(CPC 8673)1) None
2) None
3) None
4) Unbound except asindicated under
horizontal section1) None
2) None
3) None
4) Unbound except asindicated under
horizontal section
GATS/SC/
Page5LESOTHO (continued)GATS/SC/
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
(g) i)Urban planning
services
(CPC 8674)1) None
2) None
3) None
4) Unbound except asindicated under
horizontal section1) None
2) None
3) None
4) Unbound except asindicated under
horizontal section
ii)Landscape
architectural
Services
(CPC 8674)1) None
2) None
3) None
4) Unbound except asindicated under
horizontal section1) None
2) None
3) None
4) Unbound except asindicated under
horizontal section
(h) Medical anddental
services
(CPC 9312)1) Unbound
2) None
3) None
4) Unbound except asindicated under
horizontal section1) Unbound
2) None
3) None
4) Unbound except asindicated under
horizontal sectionLESOTHO (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) Veterinary services
(CPC 932)1) None
2) None
3) None
4) Unbound except asindicated under
horizontal section1) None
2) None
3) None
4) Unbound except asindicated under
horizontal section
(j) Services provided by:
i)Midwives and
nurses
(CPC 93191)1) None
2) None
3) None
4) Unbound except asindicated under
horizontal section1) None
2) None
3) None
4) Unbound except asindicated under
horizontal section
ii)Physiotherapists and
Paramedical
Personnel
(CPC 93191)1) Unbound*
2) Unbound*
3) None
4) Unbound except asindicated under
horizontal section1) Unbound*
2) Unbound*
3) None
4) Unbound except asindicated under
horizontal section
GATS/SC/
Page7LESOTHO (continued)GATS/SC/
Page8
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. Computer andRelated
Services
(a) Consultancy services
related totheinstallation
ofcomputer hardware
(CPC 841)1) None
2) Unbound*
3) None
4) Unbound except asindicated inthe
horizontal section1) None
2) Unbound*
3) None
4) Unbound except asindicated inthe
horizontal section
(b) Software implementation
services
(CPC 842)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
(c) Data processing services
(CPC 843)1) None
2) None
3) None
4) Unbound except asindicated inthe
horizontal section1) None
2) None
3) None
4) Unbound except asindicated inthe
horizontal sectionLESOTHO (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) Data baseservices
(CPC 844)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
(e) Maintenance andrepair
services ofoffice
machinery andequipment
including computers
(CPC 8450)1) None
2) None
3) None
4) Unbound except asindicated inthe
horizontal section1) None
2) None
3) None
4) Unbound except asindicted inthe
horizontal section
D. Real Estate Services
(a) Involving ownorleased
property
(CPC 821)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
GATS/SC/
Page9LESOTHO (continued)GATS/SC/
Page10
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) Onafeeorcontracting
basis
(CPC 822)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
E. Rental/Leasing Services
without Operators
(b) Relating toaircraft (CPC
83104)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
(c) Relating toother
transport equipment
(CPC 83101 +)
(CPC 83102 +)
(CPC 83105)1) None
2) None
3) None
4) Unbound except asindicated inthe
horizontal section1) None
2) None
3) None
4) Unbound except asindicated inthe
horizontal sectionLESOTHO (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) Relating toother
machinery andequipment
(CPC 83106)
(CPC 83107)
(CPC 83108)
(CPC 83109)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
F. Other Business Services
(b) Market research and
public opinion polling
services
(CPC 864)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
(c) Management consulting
services
(CPC 865)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
GATS/SC/
Page11LESOTHO (continued)GATS/SC/
Page12
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 related to
management consulting
(CPC 866)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
(e) Technical testing and
analysis services
(CPC 8676)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
(f) Services incidental to
agriculture, hunting and
forestry
(CPC 881)1) None
2) None
3) None
4) Unbound except asindicated inthe
horizontal section1) None
2) None
3) None
4) Unbound except asindicated inthe
horizontal sectionLESOTHO (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
h) Services incidental to
mining
(CPC 883)
(CPC 5115)1) Unbound
2) Unbound
3) Unbound
4) Unbound except asindicated inthe
horizontal section1) Unbound
2) Unbound
3) Unbound
4) Unbound except asindicated inthe
horizontal section
(j) Services incidental to
manufacturing
(CPC 884)
(CPC 885)1) Unbound
2) Unbound
3) Unbound
4) Unbound except asindicated inthe
horizontal section1) Unbound
2) Unbound
3) Unbound
4) Unbound except asindicated inthe
horizontal section
(k) Placement andsupply of
services ofpersonnel
(CPC 872)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
GATS/SC/
Page13LESOTHO (continued)GATS/SC/
Page14
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
(l) Investigation andsecurity
(CPC 873)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
(m) Engineering related
scientific andtechnical
consulting services
(CPC 8675)1) Unbound
2) Unbound
3) Unbound
4) Unbound except asindicated inthe
horizontal section1) Unbound
2) Unbound
3) Unbound
4) Unbound except asindicated inthe
horizontal section
(n) Maintenance andrepair
ofequipment (CPC 633)1) None
2) None
3) None
4) Unbound except asindicated inthe
horizontal section1) None
2) None
3) None
4) Unbound except asindicated inthe
horizontal sectionLESOTHO (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
(o) Building/cleaning
services (CPC 874)1) Unbound*
2) None
3) None
4) Unbound except asindicated inthe
horizontal section1) Unbound*
2) None
3) None
4) Unbound except asindicated inthe
horizontal section
(p) Photographic services
(CPC 875)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
(s) Convention services
(CPC 87909)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
GATS/SC/
Page15LESOTHO (continued)GATS/SC/
Page16
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
2. COMMUNICATION
SERVICES
B. Courier Services
(CPC 7512)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
C. Telecommunication
Services
(h) Electronic mail
(CPC 7523)1) None
2) Unbound*
3) None
4) Unbound except asindicated inthe
horizontal section1) None
2) Unbound*
3) None
4) Unbound except asindicated inthe
horizontal sectionLESOTHO (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
j) On-line information and
databaseretrieval
(CPC 7523)1) None
2) Unbound
3) None
4) Unbound except asindicated inthe
horizontal section1) None
2) Unbound
3) None
4) Unbound except asindicated inthe
horizontal section
k) Electronic data
interchange (EDI)
(CPC 7523)1) None
2) Unbound
3) None
4) Unbound except asindicated inthe
horizontal section1) None
2) Unbound
3) None
4) Unbound except asindicated inthe
horizontal section
(l) Enhanced/value added
facsimile services,
including store and
forward, store and
retrieve
(CPC 7523)1) None
2) Unbound
3) None
4) Unbound except asindicated inthe
horizontal section1) None
2) Unbound
3) None
4) Unbound except asindicated inthe
horizontal section
GATS/SC/
Page17LESOTHO (continued)GATS/SC/
Page18
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
conversion1) None
2) Unbound
3) None
4) Unbound except asindicated inthe
horizontal section1) None
2) Unbound
3) None
4) Unbound except asindicated inthe
horizontal section
(n) On-line information
and/or dataprocessing
(including transaction
processing)
(CPC 843)1) None
2) Unbound
3) None
4) Unbound except asindicated inthe
horizontal section1) None
2) Unbound
3) None
4) Unbound except asindicated inthe
horizontal section
D. Audiovisual Services
(a) Motion picture andvideo
tapeproduction and
distribution services
(CPC 9611)1) None
2) Unbound
3) Unbound
4) Unbound except asindicated inthe
horizontal section1) None
2) Unbound
3) Unbound
4) Unbound except asindicated inthe
horizontal sectionLESOTHO (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) Motion picture projection
services (CPC 9612)1) None
2) Unbound
3) Unbound except asindicated inthe
horizontal section
4) Unbound except asindicated inthe
horizontal section1) None
2) Unbound
3) Unbound except asindicated inthe
horizontal section
4) Unbound except asindicated inthe
horizontal section
(c) Radio andTelevision
Services (CPC 9613)1) None
2) Unbound
3) Unbound except asindicated inthe
horizontal section
4) Unbound except asindicated inthe
horizontal section1) None
2) Unbound
3) Unbound except asindicated inthe
horizontal section
4) Unbound except asindicated inthe
horizontal section
(d) Radio andtelevision
transmission
(CPC 7524)1) None
2) Unbound
3) Unbound except asindicated inthe
horizontal section
4) Unbound except asindicated inthe
horizontal section1) None
2) Unbound
3) Unbound except asindicated inthe
horizontal section
4) Unbound except asindicated inthe
horizontal section
GATS/SC/
Page19LESOTHO (continued)GATS/SC/
Page20
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
3. CONSTRUCTION AND
RELATED
ENGINEERING
SERVICES
A. General construction
work forbuildings
(CPC 512)1) Unbound*
2) None
3) None
4) Unbound except asindicated inthe
horizontal section1) Unbound*
2) None
3) None
4) Unbound except asindicated inthe
horizontal section
B. General construction
work forcivil
engineering
(CPC 513)1) Unbound*
2) None
3) None
4) Unbound except asindicated inthe
horizontal section1) Unbound*
2) None
3) None
4) Unbound except asindicated inthe
horizontal sectionLESOTHO (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
C. Installation andassembly
work
(CPC 514+)
(CPC 516)1) Unbound*
2) None
3) None
4) Unbound except asindicated inthe
horizontal section1) Unbound*
2) None
3) None
4) Unbound except asindicated inthe
horizontal section
D. Building completion and
finishing work
(CPC 517)1) Unbound*
2) None
3) None
4) Unbound except asindicated inthe
horizontal section1) Unbound*
2) None
3) None
4) Unbound except asindicated inthe
horizontal section
4. DISTRIBUTION
SERVICES
B. Wholesale Trade
Services
(CPC 622)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
GATS/SC/
Page21LESOTHO (continued)GATS/SC/
Page22
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
C. Retailing Services
(CPC 631)
(CPC 632)
(CPC 6111)
(CPC 6113)
(CPC 6121)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
D. Franchising
(CPC 8929)1) None
2) Unbound
3) Unbound
4) Unbound except asindicated inthe
horizontal section1) None
2) Unbound
3) Unbound
4) Unbound except asindicated inthe
horizontal section
5. EDUCATION
SERVICES
A. Primary Education
Services
(CPC 921)1) None
2) None
3) None
4) Unbound except asindicated inthe
horizontal section1) None
2) None
3) None
4) Unbound except asindicated inthe
horizontal sectionLESOTHO (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. Secondary Education
Services
(CPC 922)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
C. Higher Education
Services
(CPC 923)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
D. Adult Education Services
(CPC 924)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
GATS/SC/
Page23LESOTHO (continued)GATS/SC/
Page24
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. Other Educational
Services
(CPC 929)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
6. ENVIRONMENTAL
SERVICES
(Allentries inthissector
arerestricted to
consultancy services
only)
A. Sewerage Services
(CPC 940)1) None
2) None
3) None
4) Unbound except asindicated inthe
horizontal section1) None
2) None
3) None
4) Unbound except asindicated inthe
horizontal sectionLESOTHO (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. Refuse Disposal Services
(CPC 9402)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
C. Sanitation andSimilar
Services
(CPC 9403)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
D. Other
(Cleaning services of
exhaust gases, noise
abatement services and
landscape protection
services)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
GATS/SC/
Page25LESOTHO (continued)GATS/SC/
Page26
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
A. AllInsurance and
Insurance Related
Services
(a) Direct LifeInsurance
(CPC 8121 +)1) Unbound 1) Unbound
(b) Non-life Insurance
Services
(CPC 8129 +)2) None 2) None
(c) Reinsurance and
Retrocession
(CPC 81299 +)3) Totransact business inLesotho, insurers
(foreign anddomestically controlled) must
beincorporated asapublic company in
terms oftheCompanies Act
Toensure thatcompetition isnotimpaired,
theacquisition ofshares oranyother
interest (byaresident ornon-resident) ina
registered insurer resulting intheholding
of25percentormore ofthevalue ofall
theshares orother interest inthatbusiness,
required thewritten approval ofthe
Registrar ofCompanies
4) Unbound except asindicated inthe
horizontal section3) None
4) Unbound except asindicated inthe
horizontal sectionLESOTHO (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. Banking andother
Financial Services
(excluding insurance)
(a) Acceptance ofdeposits
andrepayable funds from
thepublic
(CPC 81115 to81119)1) Unbound
2) Unbound1) Unbound
2) Unbound
(b) Lending ofalltypes,
including, inter alia,
consumer credit,
mortgage credit,
factoring andfinancing
ofcommercial
transactions
(CPC 8113)3) Nobank orcontrolling company
(domestically orforeign controlled) may
allot orissue anyofitsshares toaperson
totheextent thatthetotal nominal value of
such shares exceeds intotal nominal value
ofalltheissued vote-bearing shares inthe
bank orthecontrolling company.3) None
GATS/SC/
Page27LESOTHO (continued)GATS/SC/
Page28
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) Allpayments andmoney
transmission services,
including credit, charge
anddebit cards,
travellers cheques and
bank drafts
(CPC 81339 +)
(e) Guarantees and
Commitments
(CPC 81199 +)TheMinister ofFinance may, however,
grant permission toabank orcontrolling
company toissue more than49percentof
itsshares tosuch aperson, provided that
competition isnotimpaired. This
restriction does notapply totheallotment
ofissuing ofshares inabank ora
controlling company registered inrespect
ofthatbank, oranother bank oran
institution which hasbeen approved bythe
Registrar andwhich conducts business ofa
bank inacountry other thanLesotho.
(f) Trading forownaccount
orforaccount of
customers whether onan
exchange inanover-the-
counter market or
otherwise, thefollowing:
i)money market
instruments,
cheques, bills,
certificates of
deposit etc.,
(CPC 81339)Foreign banks wishing toobtain a
controlling interest inalocal bank are
required toestablish adomestic public
company.
Noperson (domestic orforeign) shall
conduct thebusiness ofabank unless such
person isapublic company, andis
registered interms oftherelevant Lesotho
Laws.
4) Unbound excepted asindicated inthe
horizontal section4) Unbound excepted asindicated inthe
horizontal section
ii)Foreign exchange
(CPC 81333)LESOTHO (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
iii)derivative products
including butnot
limited tofutures
andoptions
(CPC 81339)
iv)exchange rateand
interest rate
instruments
(CPC 81339)
h) Money broking
(CPC 81339 +)1) Unbound
2) Unbound
3) None
4) Unbound excepted asindicated inthe
horizontal section1) Unbound
2) Unbound
3) None
4) Unbound excepted asindicated inthe
horizontal section
GATS/SC/
Page29LESOTHO (continued)GATS/SC/
Page30
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. Hotels andRestaurants
(including catering)
(CPC 643)1) Unbound except forcatering: none
2) None
3) Unbound except asindicated inthe
horizontal section
4) Unbound except asindicated inthe
horizontal section1) Unbound
2) None
3) Unbound except asindicated inthe
horizontal section
4) Unbound except asindicated inthe
horizontal section
B. Travel Agencies and
Tour Operators Services
(CPC 7471)1) Unbound
2) Unbound
3) Unbound
4) Unbound except asindicated inthe
horizontal section1) Unbound
2) Unbound
3) Unbound
4) Unbound except asindicated inthe
horizontal sectionLESOTHO (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
C. Tourist Guide Services
(CPC 7472)1) Unbound*
2) None
3) None
4) Unbound except asindicated inthe
horizontal section1) Unbound*
2) None
3) None
4) Unbound except asindicated inthe
horizontal section
11. TRANSPORT
SERVICES
F. Road Transport Services
(a) Passenger Transportation
(CPC 7121)
(CPC 7122)1) Unbound
2) Unbound
3) None
4) Unbound except asindicated inthe
horizontal section1) Unbound
2) Unbound
3) None
4) Unbound except asindicated inthe
horizontal section
GATS/SC/
Page31LESOTHO (continued)GATS/SC/
Page32
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) Freight Transportation
(CPC 7123)1) Unbound
2) Unbound
3) None
4) Unbound except asindicated inthe
horizontal section1) Unbound
2) Unbound
3) None
4) Unbound except asindicated inthe
horizontal section
(d) Maintenance andrepair
ofroad transport
equipment
(CPC 6112 +)
(CPC 8867)1) Unbound*
2) None
3) None
4) Unbound except asindicated inthe
horizontal section1) Unbound*
2) None
3) None
4) Unbound except asindicated inthe
horizontal sectionLESOTHO (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
12. OTHER SERVICES
NOT INCLUDED
ELSEWHERE
Washing, cleaning, dying
andlabelling
(CPC 9701)1) Unbound*
2) None
3) Unbound
4) Unbound except asindicated inthe
horizontal section1) Unbound*
2) None
3) Unbound
4) Unbound except asindicated inthe
horizontal section
Hairdressing andother
services
(CPC 9702)1) Unbound
2) None
3) None
4) Unbound except asindicated inthe
horizontal section1) Unbound
2) None
3) None
4) Unbound except asindicated inthe
horizontal section
Coding: Number indicated ineachsectoral commitment arereferences totheServices Sectoral Classification List(MTN.GNS/W/120) -andtheUNProvisional Central
Product Classification of1991.
+ Partofitem.
*Unbound duetolackoftechnical feasibility.
GATS/SC/
Page33