RESTRICTED
WORLD TRADE S/L/48
12December 1997
ORGANIZATION(97-5530)
Original: French Trade inServices
COMMUNICATION FROM COTE D'IVOIRE
Final ListofArticle II(MFN) Exemptions
Thefollowing communication isbeing circulated toMembers oftheCommittee onTrade in
Services.
_______________
Inaccordance with paragraph 2oftheSecond Decision onFinancial Services (S/L/9),
Côted'Ivoire hereby submits itsfinallistofMFN exemptions concerning financial services. This
listshalltakeeffect asofthedateofthiscommunication.S/L/48
Page2COTE D'IVOIRE -FINAL LIST OFARTICLE II(MFN) EXEMPTIONS
Sector orsubsector Description ofmeasure
indicating itsinconsistency
with Article IICountries towhich the
measure appliesIntended duration Conditions creating theneed
fortheexemption
Insurance and
insurance-related
servicesPreferential measures taken in
accordance withtheAgreement
establishing theInter-African
Conference onInsurance
Markets (CIMA)Member States ofthefranc zone Indefinite Topromote regional and
subregional integration inthe
insurance sector
Brokerage and
agency services in
theinsurance sectorAccess totheIvorian brokerage
andagency services market for
foreign natural persons depends
onthepossibilities ofreciprocal
access forIvorian suppliers in
thecountries concernedAllcountries Indefinite Toimprove theconditions of
access forIvorian suppliers
abroad
Reinsurance -Compulsory transfer to
CICA-RE ofatleast 5per
centofnon-automobile
premiums issued bybranches
offoreign companies
operating inCôte d'IvoireMember States ofthefranc zone Indefinite Topromote theregional and
subregional integration ofthe
reinsurance market
-Compulsory transfer to
CICA-RE ofatleast 15per
centofthereinsurance treaties
ofcompanies subject to
Ivorian law
Reinsurance Compulsory transfer to
AFRICA-RE of5percentofthe
reinsurance treaties signed by
insurance bodies operating in
Côte d'IvoireMember States ofthe
Organization ofAfrican UnityIndefinite Topromote regional and
subregional integration ofthe
reinsurance marketS/L/48
Page3Sector orsubsector Description ofmeasure
indicating itsinconsistency
with Article IICountries towhich the
measure appliesIntended duration Conditions creating theneed
fortheexemption
Acceptance of
deposits andother
repayable funds
from thepublicDeposits made withabank
situated intheWAEMU bya
resident donotrequire an
authorization from theMinister
forFinanceWAEMU member countries Indefinite Topromote subregional
integration inthebanking
sector
Banking services Anyperson whoisadirector,
administrator ormanager ofa
bank orfinancial establishment
oroneoftheir agencies must be
anational ofacountry ofthe
West African Monetary Union
(WAMU)WAMU member States Indefinite Topromote regional and
subregional integration inthe
banking services sector
Banking services Preferential measures taken in
accordance withtheAgreement
establishing WAMUWAMU Member States Indefinite Topromote regional and
subregional integration inthe
banking services sector
Stock exchange
services
(subparagraphs (x)
to(xiv) inthelistof
sectors intheAnnex
onfinancial services)Preferential measures taken in
accordance withtheAgreement
establishing theWest African
Economic andMonetary Union
(WAEMU)WAEMU Member States Indefinite Topromote regional and
subregional integration inthe
stock exchange services sector