WORLD TRADE
ORGANIZATIONS/DCS/W/ZWE
24 January 2003
(03-0525)
Trade in Services Original:  English
ZIMBABWE
Draft converted Schedule of Specific Commitments1
Attached is a draft converted version of the Schedule of Specific Commitments of Zimbabwe
in word format.  This document  does not substitute for the legally binding commitments undertaken
by Zimbabwe in its Schedule of Specific Commitments (GATS/SC/94).
The draft converted version of the Schedule was prepared by the Secretariat, at the request of
Members, to facilitate the process of negotiations, including the presentation of initial offers.
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1 This document has been prepared, in English only, under the Secretariat's own responsibility and without
prejudice to the positions of Members and to their rights and obligations under the WTO.S/DCS/W/ZWE
Page 2ZIMBABWE – SCHEDULE OF SPECIFIC COMMITMENTS
Modes of supply: 1)   Cross-border 2)   Consumption abroad 3)   Commercial presence 4)   Presence of natural persons
Sector or Subsector Limitations on Market Access Limitat ions on National Treatment Additional Commitments
I. HORIZONTAL COMMITMENTS
ALL SECTORS COVERED
BY THIS SCHEDULE
3) The following limitations apply to foreign
investors who seek to acquire shares incompanies listed on the Zimbabwe Stock
Exchange.  The purchase of shares is limited
to 25 per cent per counter of the listed issuedshare capital; this limit is in addition to anyexisting foreign holding in a company.  Asingle investor is limited to a maximum of 5per cent of the shares on offer;  foreign
investors bringing in hard currency may invest
a maximum of 15 per cent of their assets inprimary issues of bonds and stocks.
4) Unbound, except for measures concerning the
entry and temporary stay of intra-corporatetransfer of executive and senior managerial
personnel and except for specialists, subject to
lack of availability in the local labour market.4) None, with respect to categories of natural
persons referred to in the market accesscolumn.
Unbound, with respect to measures concerning
any other categories of natural persons.S/DCS/W/ZWE
Page 3Modes of supply: 1)   Cross-border 2)   Consumption abroad 3)   Commercial presence 4)   Presence of natural persons
Sector or Subsector Limitations on Market Access Limitat ions on National 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 a singlebuilding
- Facsimile- Data transmission services
(through leasing point-to-
point transmissionfacilities from the PTC)
- Radio-communication
services (not includingmobile communications
service)1) None
2
2) None2
3)2PABX may be provided by subsidiaries of
foreign companies.  PABX for public sector
buildings are reserved to the PTC.
4) Unbound, except as indicated in the horizontal
section1) None
2) None3) None
4) Unbound, except as indicated in the horizontal
section
                                                     
1  The Posts & Telecommunications Company (PTC) is administered as a Government department in the Ministry of Posts.  It is a mo nopoly provider of public 
telecommunications services, except with re spect to certain services listed here.
2   Unauthorized bypass of the PTC network is not permitted.S/DCS/W/ZWE
Page 4Modes of supply: 1)   Cross-border 2)   Consumption abroad 3)   Commercial presence 4)   Presence of natural persons
Sector or Subsector Limitations on Market Access Limitat ions on National Treatment Additional Commitments
Value-added/Enhanced services:
h) Electronic mail
i) Voice mailj) On-line information and
data base retrieval
k) Electronic data interchange
(EDI)
l) Enhanced/value-added
facsimile services, incl.
store and forward, store
and retrieve
m) Code and protocol
conversion
n) On-line information and/or
data processing (incl. 
transaction processing)1) None
3
2) None3
3) None3
4) Unbound except as indicated in the horizontal
section1) None
2) None3) None
4) Unbound except as indicated in the horizontal
section
                                                     
3   Unauthorized bypass of the PTC network is not permitted.S/DCS/W/ZWE
Page 5Modes of supply: 1)   Cross-border 2)   Consumption abroad 3)   Commercial presence 4)   Presence of natural persons
Sector or Subsector Limitations on Market Access Limitat ions on National Treatment Additional Commitments
7. FINANCIAL SERVICES
B. Banking Services
a) Acceptance of deposits
and other repayable funds
from the public
b) Lending of all types,
including consumer credit,mortgage, credit, factoringand financing of
commercial transaction
c) Financial leasingd) All payment and money
transmission services,including credit, charge
and debit cards, travellers
cheques and bankers drafts
e) Guarantees and
commitmentsMerchants banks are alsoauthorized to:
- underwrite new issues
- manage portfolios-r a i s e  d e v e l o p m e n t
capital
- arranging financing for
mergers and
takeovers1) None
2) None
3) - Foreign equity participation in financial
institutions is bound at 60 per cent.- Commercial banks may not lend forbuilding.- Building societies may not lend for working
capital requirements of firms, and may not
issue cheque books.- Only commercial banks and merchant banksare authorized to accept deposits of moneywithdrawable by cheque, draft or order
payable on demand.
Commercial banks and merchant banks may
not engage on their own account in wholesale
or retail trade, including export/import trade
except as necessary in the course ofrecovering debts and may not acquire or holdimmovable property except as related toproviding housing amenities for staff.- Commercial banks may not take equity in
non-banking institutions.
4) Unbound except as indicated in the horizontal
section1) None
2) None
3) None
4) Unbound except as indicated in the horizontal
section
9. TOURISM AND
TRAVEL RELATED
SERVICESS/DCS/W/ZWE
Page 6Modes of supply: 1)   Cross-border 2)   Consumption abroad 3)   Commercial presence 4)   Presence of natural persons
Sector or Subsector Limitations on Market Access Limitat ions on National Treatment Additional Commitments
A. Hotels and restaurants 1) None
2) None
3) None
4) Unbound, except as indicated in the horizontal
section1) None
2) None
3) None
4) Unbound, except as indicated in the horizontal
section
B. Travel agencies and tour
operators
C. Tourist guide services1) None2) None3) Tour operators operating a vehicle of over
three tonnes or using more than 20 vehicles
must pay an annual levy for each park
4) Unbound, except as indicated in the horizontal
section1) None
2) None3) Foreign-based tour operators must pay park
entry fees in foreign currency.  Only locally
registered Safari operators may obtain
concessions to offer hunts through "leasing";or auctions by which hunting areas are leasedout.
4) Unbound, except as indicated in the horizontal
section
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