Note
This initial Offer is conditional.  The Government of Georgia retains the right to modify or withdraw
all or part of the commitments listed in schedules.RESTRICTEDWORLD TRADE
ORGANIZATIONWT/ACC/SPEC/GEO/3/Rev.1
13 May 1998
(98-1905)
Working Party on the
Accession of GeorgiaOriginal:  English
ACCESSION OF GEORGIA
Initial Offer in Services
Revision
For the purposes of the accession of Georgia to the WTO, the Permanent Mission of Georgia
has presented the following revised offer of initial commitments on trade in services, with the request
that it be circulated to members of the Working Party.
_______________
GEORGIA
Initial Offer in Services
(This text is authentic in the English language only.)WT/ACC/SPEC/GEO/3/Rev.1
Page 2Mode(s)  of Supply: (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons
Sector or Sub-sector Restrictions on Market Access Restrictions on National Treatment Additional commitments
A. HORIZONTAL COMMITMENTS
Commitments include all
sectorsInvestments:
3)   A foreign investor is obliged to register
at the Investment Agency under the Ministry
of Trade and Foreign Economic Relations
investment worth US$100,000 (or its
equivalent)  or more, within 60 days fromthe moment of making such an investment.
Otherwise he would be prohibited to carryout investment activity. The aim of the
registration is the creation of statistical
database on investment activity in Georgia.
Foreign investor is obliged to present
annually (till the end of the year)  to
Investment Agency information on thequantity of additional investments.
Investments are prohibited in the following
sectors:
- creation, production and proliferation of
nuclear, bacteriological and chemical
weapons;
- construction of polygons for testing
nuclear, bacteriological and chemical
weapons;
- import of radioactive and toxic wastes
for the purpose of burying and otherdisposal;
- conducting the scientific-research
activities connected with human cloning;
- production of narcotic substances;
- cultivation of poppy, coca and hemp.WT/ACC/SPEC/GEO/3/Rev.1
Page 3Mode(s)  of Supply: (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons
Sector or Sub-sector Restrictions on Market Access Restrictions on National Treatment Additional commitments
Performing activities prohibited by
international legislative acts, agreements,
conventions and protocols to which Georgia
is a contracting party.
Privatisation
An organisation, in which the Government'sshare exceeds 25 %, has no right to
participate in privatisation process and buy
state property.
Real estate
Unbound, except the right to buy buildings
and to lease the land.
Joint venture has the right to buy agriculturalland.
Entry and temporary stay
4)  Unbound, except for measures
concerning temporary entry and stay of
nationals of another member who fall intothe categories listed below:4)  Unbound, except for measures
concerning the categories of natural
persons referred to in the market access
column.
- Services Salespersons - persons not
based in the territory of the Georgia and
receiving no remuneration from a source
located within the Georgia, who areengaged in activities related to
representing a services supplier for the
purpose of negotiating for sale of the
services of that supplier: (a)  such sales
are not directly made to the generalpublic made to the general public and (b)
the salesperson is not engaged in
supplying the service. Entry for persons
named in this section is limited to a
90-day period.Recognition of the diplomas, which are
required in order to practise regulated
professional services by foreign countries
in Georgia are regulated byintergovernmental agreementsWT/ACC/SPEC/GEO/3/Rev.1
Page 4Mode(s)  of Supply: (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons
Sector or Sub-sector Restrictions on Market Access Restrictions on National Treatment Additional commitments
- Intra-corporate Transferees - managers,
executives and specialists, as defined
below, who are employees of firms that
provide services within the Georgia
through a branch, subsidiary, or affiliateestablished in Georgia and who have
been in the prior employees of their firm
outside the Georgia for a period of not
less than one year, immediately
preceding the date of their application foradmission and who are one of the
following:
(a) managers - persons within an
organisation who primarily direct theorganisation, or a department or
sub-division of the organisation,
supervise and control the work of other
supervisory, professional or managerial
employees, have the authority to hire andfire or remand the decision on hiring,
firing, or other personal actions (such as
promotion or leave authorisation), and
exercise discretionary authority over
day-to-day operations. Do not includefirst line supervisors, unless the
employees supervised are professionals,
not does it include employees who
primarily perform tasks necessary for the
provision of the service.WT/ACC/SPEC/GEO/3/Rev.1
Page 5Mode(s)  of Supply: (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons
Sector or Sub-sector Restrictions on Market Access Restrictions on National Treatment Additional commitments
(b) Executives - persons within the
organisation who primarily direct the
management of the organisation,
establish the goals and policies of theorganisation, exercise wide latitude in
decision-making, and receive only
general supervision or direction from
higher-level executives, the board of
directors, or stockholders of the business.Executives would not directly perform
tasks related to the actual provision of a
service or services of the organisation.
(c) Specialists - persons within an
organisation who possess knowledge atan advanced level of continued expertise
and who possess priority knowledge of
the organisation's services, research
equipment, techniques, or management.
Entry for persons named in this section is
limited to a three-year period that may be
extended for up two additional years for a
total term not to exceed five years
The legal status of foreigners
Foreigners temporarily residing in Georgia
may be assigned on any kinds of posts or
perform any kinds of businesses if it’s so
stipulated by the Georgian legislationWT/ACC/SPEC/GEO/3/Rev.1
Page 6 Mode(s)  of Supply: (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons
Sector or Sub-sector Restrictions on Market Access Restrictions on National Treatment Additional commitments
B. SPECIFIC SERVICE SECTOR OR SUBSECTOR
1. BUSINESS SERVICES
A.  Professional Services
(a)  Legal Services*
(CPC 861)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in thehorizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in thehorizontal section*
(b) Accounting, auditing and
bookkeeping services
(CPC 862)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section
(d) Architectural services
(CPC 8671)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None
(3)  Not less than 50% of the entire staff
must be Georgian citizens
(4)  Unbound except as indicated in thehorizontal section
(e) Engineering services
(CPC 8672)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None
(3)  Not less than 50% of the entire staff
must be Georgian citizens
(4)  Unbound except as indicated in the
horizontal section
(f) Integrated engineering
services
(CPC 8673)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None
(3)  Not less than 50% of the entire staff
must be Georgian citizens(4)  Unbound except as indicated in the
horizontal sectionWT/ACC/SPEC/GEO/3/Rev.1
Page 7Mode(s)  of Supply: (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons
Sector or Sub-sector Restrictions on Market Access Restrictions on National Treatment Additional commitments
(h) Medical and dental
services
(CPC 9312)(1)  Unbound
(2)  None
(3)  None
(4)  Unbound except as indicated in thehorizontal section(1)  Unbound
(2)  None
(3)  None
(4)  Unbound except as indicated in thehorizontal section
(i)  Veterinary services
(CPC 932)(1)  Unbound
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  Unbound
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section
B. Computer and Related Services
(a) Consulting services
related to the installation
of computer hardware
(CPC 841)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section
(b) Software implementation
services (CPC 842)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section
(c) Data processing services
(CPC 843)(1)  None
(2)  None(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None(3)  None
(4)  Unbound except as indicated in the
horizontal section
(d) Data base services
(CPC 844)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal sectionWT/ACC/SPEC/GEO/3/Rev.1
Page 8 Mode(s)  of Supply: (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons
Sector or Sub-sector Restrictions on Market Access Restrictions on National Treatment Additional commitments
(e) Other
(CPC 8450+ 84910)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in thehorizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in thehorizontal section
C. Research and Development Services
(a) R&D services on natural
sciences
Except such fields which
are prohibited in thehorizontal section
(CPC 851)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in thehorizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in thehorizontal section
(b) R&D services on social
sciences and humanities
(CPC 852)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section
(c) Interdisciplinary R&D
services
(CPC 853)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in thehorizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in thehorizontal section
D. Real Estate Services.
(a) Involving own or leased
property(CPC 821)
(b) On a fee or contract basis
(CPC 822)(1)  None
(2)  None(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None(3)  None
(4)  Unbound except as indicated in the
horizontal sectionWT/ACC/SPEC/GEO/3/Rev.1
Page 9Mode(s)  of Supply: (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons
Sector or Sub-sector Restrictions on Market Access Restrictions on National Treatment Additional commitments
E. Rental/Leasing services without Operators
(a) Relating to ships
(CPC 83103)
(b) Relating to aircraft
(CPC 83104)
(c) Relating to other
transport equipment
(CPC 83101 + 83102 +
83105)
(d) Relating to other
machinery and
equipment
(CPC 83106 + 83109)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section
F. Other Business Services
(a) Advertising services
(CPC 871)(1)  None
(2)  None
(3)  None(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None
(3)  None(4)  Unbound except as indicated in the
horizontal section
(b) Market research services
(CPC 864)(1)  None
(2)  None(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None(3)  None
(4)  Unbound except as indicated in the
horizontal section
(c) Management consulting
services
(CPC 865)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in thehorizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in thehorizontal sectionWT/ACC/SPEC/GEO/3/Rev.1
Page 10 Mode(s)  of Supply: (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons
Sector or Sub-sector Restrictions on Market Access Restrictions on National Treatment Additional commitments
(d) Services related to
Management Services
(CPC 866)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in thehorizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in thehorizontal section
(e) Technical testing and
analysis services
(CPC 8676)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section
(f) Services incidental to
agriculture, hunting and
forestry
(CPC 88110)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section
(g) Services incidental to
fishing(CPC 88200)(1)  None
(2)  None(3)  Unbound
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None(3)  None
(4)  Unbound except as indicated in the
horizontal section
(h) Services incidental to
mining
(CPC 88300)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section
(i) Services incidental to
manufacturing
(CPC 8841+8842+8843+8844+8846+
8847+8848+8849+
885+886)(1)  None
(2)  None
(3)  None(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None
(3)  None(4)  Unbound except as indicated in the
horizontal sectionWT/ACC/SPEC/GEO/3/Rev.1
Page 11Mode(s)  of Supply: (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons
Sector or Sub-sector Restrictions on Market Access Restrictions on National Treatment Additional commitments
(j) Services incidental to
energy distribution
except electric energy
(CPC 88700)(1)  None
(2)  None
(3)  Unbound
(4)  Unbound except as indicated in thehorizontal section(1)  None
(2)  None
(3)  Unbound
(4)  Unbound except as indicated in thehorizontal section
(k) Placement and supply
services of Personnel
(CPC 872)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section
(p) Photographic Services
(CPC 87501+87502+
87503+87507)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section
(q) Packaging services
(CPC 876)(1)  None
(2)  None(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None(3)  None
(4)  Unbound except as indicated in the
horizontal section
2. COMMUNICATION SERVICES
- The postal services on the territory of Georgia are implemented by "Post of Georgia" Ltd.
-  The application for granting the license is considered by the Licensing Commission approved by the Ministry of Post and Comm unication.
Upon decision taken by the Commission, the Ministry issues the relevant license.
-  The distribution of frequency spectrum is included in state register of natural monopolies.
B. Courier Services
(CPC 7512)(1)  None
(2)  None
(3)  The permission for such services isgranted only to a person who is registered in
Georgia.
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal sectionWT/ACC/SPEC/GEO/3/Rev.1
Page 12 Mode(s)  of Supply: (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons
Sector or Sub-sector Restrictions on Market Access Restrictions on National Treatment Additional commitments
C. Telecommunication Services
(a) Voice telephone services
(CPC 7521)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section
(b) Packet-switched data
transmission services
(CPC 7523**)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in thehorizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in thehorizontal section
(c)  Circuit-switched data
transmission services
(CPC 7523**)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section
(d) Telex services
(CPC 7523**)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section
(e) Telegraph services
(CPC 7522)(1)  None
(2)  None(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None(3)  None
(4)  Unbound except as indicated in the
horizontal section
(f) Facsimile services
(CPC 7521**+ 7529**)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal sectionWT/ACC/SPEC/GEO/3/Rev.1
Page 13Mode(s)  of Supply: (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons
Sector or Sub-sector Restrictions on Market Access Restrictions on National Treatment Additional commitments
(g) Private leased circuit
services
(CPC 7522** + 7523**)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in thehorizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in thehorizontal section
(h) Electronic mail
(CPC 7523**)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section
(i) Voice mail
(CPC 7523**)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section
(j) On-line information and
database retrieval(CPC 7523**)(1)  None
(2)  None(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None(3)  None
(4)  Unbound except as indicated in the
horizontal section
(k) Electronic data
interchange (EDI)
(CPC 7523**)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section
(l) Enhanced/value-added
facsimile services,
including store andforward, store and
retrieve
(CPC 7523**)(1)  None
(2)  None
(3)  None(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None
(3)  None(4)  Unbound except as indicated in the
horizontal sectionWT/ACC/SPEC/GEO/3/Rev.1
Page 14 Mode(s)  of Supply: (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons
Sector or Sub-sector Restrictions on Market Access Restrictions on National Treatment Additional commitments
(m) Code and protocol
conversion(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in thehorizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in thehorizontal section
(n) On-line information
and/or data processing
(including transaction
processing)
(CPC 843**)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section
(o) Other*
D. Audio-visual services
(a) Motion picture and video
tape production anddistribution services
(CPC 9611)(1)  None
(2)  None(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None(3)  None
(4)  Unbound except as indicated in the
horizontal section
(b) Motion picture projection
services
(CPC 9612)(1)  Unbound
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  Unbound
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section
3. CONSTRUCTION AND RELATED ENGINEERING SERVICES
(a) General construction
work for building
(CPC 512)(1)  Unbound
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  Unbound
(2)  None
(3)  Not less than 50% of the entire staffmust be Georgian citizens
(4)  Unbound except as indicated in the
horizontal sectionWT/ACC/SPEC/GEO/3/Rev.1
Page 15Mode(s)  of Supply: (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons
Sector or Sub-sector Restrictions on Market Access Restrictions on National Treatment Additional commitments
(b) General construction
work for Civil
engineering
(CPC 513)(1)  Unbound
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  Unbound
(2)  None
(3)  Not less than 50% of the entire staff
must be Georgian citizens(4)  Unbound except as indicated in the
horizontal section
(c) Installation and
assembling work
(CPC 514+516)(1)  Unbound
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  Unbound
(2)  None
(3)  Not less than 50% of the entire staff
must be Georgian citizens
(4)  Unbound except as indicated in the
horizontal section
(d) Building completion and
finishing work
(CPC 517)(1)  Unbound
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  Unbound
(2)  None
(3)  Not less than 50% of the entire staffmust be Georgian citizens
(4)  Unbound except as indicated in the
horizontal section
(e) Other
(CPC 511,515,518)(1)  Unbound
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  Unbound
(2)  None
(3)  Not less than 50% of the entire staff
must be Georgian citizens
(4)  Unbound except as indicated in the
horizontal section
4. DISTRIBUTION SERVICES
A. Commission agents'
services(CPC 621)(1)  None
(2)  None(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None(3)  None
(4)  Unbound except as indicated in the
horizontal sectionWT/ACC/SPEC/GEO/3/Rev.1
Page 16 Mode(s)  of Supply: (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons
Sector or Sub-sector Restrictions on Market Access Restrictions on National Treatment Additional commitments
B. Wholesale trade services
(CPC 622)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in thehorizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in thehorizontal section
C. Retailing services
(CPC 631+ 632 + 6111 +
6113 + 6121)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section
D. Franchising
(CPC 8929)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section
5. EDUCATIONAL SERVICES
Teaching the Georgian language, Georgian history and geography in all educational institutions operating in Georgia which imple ment common
educational programs is obligatory; teaching of Georgian language is obligatory in those institutions which implement the progr ams of
professional education.
Educational services should be implemented by a person who has the certificate granted by the relevant state authorities,  a pe rson whose
certificate received abroad is registered in Georgia, or a person who is granted by the relevant state educational  census
A. Primary education
services
(CPC 921)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section
B Secondary education
servicesPrivately funded only
(CPC 922*)(1)  None
(2)  None(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None(3)  None
(4)  Unbound except as indicated in the
horizontal sectionWT/ACC/SPEC/GEO/3/Rev.1
Page 17Mode(s)  of Supply: (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons
Sector or Sub-sector Restrictions on Market Access Restrictions on National Treatment Additional commitments
C. Higher education
services
Privately funded only
(CPC 923*)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in thehorizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in thehorizontal section
D. Adult education
(CPC 924*)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section
6. ENVIRONMENTAL SERVICES
A. Sewage services
(CPC 9401)(1)  Unbound*
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  Unbound*
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section
B. Refuse disposal services
(CPC 9402)(1)  Unbound*
(2)  None(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  Unbound*
(2)  None(3)  None
(4)  Unbound except as indicated in the
horizontal section
C. Sanitation and similar
services
(CPC 9403)(1)  Unbound*
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  Unbound*
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section
D. Other nature and
landscape protection
services(CPC 9406)(1)  Unbound*
(2)  None
(3)  None(4)  Unbound except as indicated in the
horizontal section(1)  Unbound*
(2)  None
(3)  None(4)  Unbound except as indicated in the
horizontal sectionWT/ACC/SPEC/GEO/3/Rev.1
Page 18 Mode(s)  of Supply: (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons
Sector or Sub-sector Restrictions on Market Access Restrictions on National Treatment Additional commitments
7. FINANCIAL SERVICES
The foreign insurance organisation as the insurance service suppli er is prohibited to implement  the direct insurance activitie s on the territory of
Georgia.
A. All insurance and insurance-related services (CPC 812**)
Permission on insurance activities is granted by Insurance State Supervision Service
(a) Life insurance and pension fund services
(CPC 8121)
(i) Life insurance services
(CPC 81211)(1)  None
(2)  None
(3)  Unbound, except services provided by
the foreign insurance service suppliers
through the joint insurance companiesestablished together with Georgian partners
and licensed by the Insurance State
Supervision Service. The share of the
foreign service suppliers in such joint
companies should not exceed 49%.(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None
(3)  Unbound, except services provided by
the foreign insurance service suppliers
through the joint insurance companiesestablished together with Georgian
partners and licensed by the Insurance
State Supervision Service. The share of
the foreign service suppliers in such joint
companies should not exceed 49%.(4)  Unbound except as indicated in the
horizontal sectionLiberalisation is envisaged
from 1 January 1999.
(ii) Pension and annuity
services(CPC 81212)
The mandatory social
insurance is performed
by the Common State
Fund for Social Securityand Insurance  Medical
of Georgia(1)  None
(2)  None(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None(3)  None
(4)  Unbound except as indicated in the
horizontal sectionWT/ACC/SPEC/GEO/3/Rev.1
Page 19Mode(s)  of Supply: (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons
Sector or Sub-sector Restrictions on Market Access Restrictions on National Treatment Additional commitments
(b) Non-life insurance
services
(CPC 8129)
The State mandatorymedical insurance is
performed by the
Medical Insurance State
Company under the
Ministry of Healthcare ofGeorgia.(1)  None
(2)  None
(3)  Unbound, except services provided by
the foreign insurance service suppliersthrough the joint insurance companies
established together with Georgian partners
and licensed by the Insurance State
Supervision Service. The share of the
foreign service suppliers in such jointcompanies should not exceed 49%.
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None
(3)  Unbound, except services provided by
the foreign insurance service suppliersthrough the joint insurance companies
established together with Georgian
partners and licensed by the Insurance
State Supervision Service. The share of
the foreign service suppliers in such jointcompanies should not exceed 49%.
(4)  Unbound except as indicated in the
horizontal section
(c) Reinsurance and
retrocession
(CPC 81299*)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section
(d) Services auxiliary to
insurance and pension
funding(except the services
related to the direct
insurance)
(CPC 814)(1)  None
(2)  None
(3)  None(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None
(3)  None(4)  Unbound except as indicated in the
horizontal sectionWT/ACC/SPEC/GEO/3/Rev.1
Page 20 Mode(s)  of Supply: (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons
Sector or Sub-sector Restrictions on Market Access Restrictions on National Treatment Additional commitments
B. Banking and other Financial Services
(a) Acceptance of deposits
and other repayable
funds from the public
(CPC 81115-81119)
(b) Lending of all types,
including, inter alia,
consumer credit,
mortgage credit,
factoring and financingof commercial
transaction
(CPC 8113)
(c) Financial leasing
(CPC 8112)
(d) All payment and money
transmission services
(CPC 81339**)
(e) Guarantees and
commitments
(CPC 81199**)(1)  None
(2)  None
(3)  Banking license concerning a subsidiary
or a branch office of a foreign bank shall begranted only if the foreign bank is authorised
to engage in the business of receiving money
deposits or other repayable funds in the
foreign country where its head office is
located. No partner (shareholder)  or groupof partners (shareholders)  acting in concert
have legal right to hold and transact the
amount of shares, which exceeds 25 % of
subscribed or paid in capital of bank (this
provision does not apply to branches,subsidiaries or affiliates of foreign banks).
The National Bank of Georgia is authorised
to except from this rule only such
shareholders, which themselves are licensed
to engage in banking activities or themselves
are banks.
(4)  Unbound except as indicated in thehorizontal section.(1)  None
(2)  None
(3)  No partner (shareholder)  or group of
partners (shareholders)  acting in concerthave legal right to hold and transact the
amount of shares, which exceeds 25 % of
subscribed or paid in capital of bank (this
provision does not apply to branches,
subsidiaries or affiliates of foreign banks).The National Bank of Georgia is
authorised to except from this rule only
such shareholders, which themselves are
licensed to engage in banking activities or
themselves are banks.
(4)  Unbound except as indicated in the
horizontal section.WT/ACC/SPEC/GEO/3/Rev.1
Page 21Mode(s)  of Supply: (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons
Sector or Sub-sector Restrictions on Market Access Restrictions on National Treatment Additional commitments
(f) Trading for own account
or for account of
customers, whether on an
exchange, in anover-the-counter market
or otherwise, the
following
(CPC81339**+81333+
81339**+81339**+81321*+81339**)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in thehorizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in thehorizontal section.
(g)  Participation in issues of
all kinds of securities,
including under-writingand placement as agent
(whether publicly or
privately)  and provision
of service related to such
issues(CPC 8132)(1)  None
(2)  None
(3)  None(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None
(3)  None(4)  Unbound except as indicated in the
horizontal section
(h) Money broking
(CPC 81339**)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal sectionWT/ACC/SPEC/GEO/3/Rev.1
Page 22 Mode(s)  of Supply: (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons
Sector or Sub-sector Restrictions on Market Access Restrictions on National Treatment Additional commitments
(i) Asset management, such
as cash or portfolio
management, all forms of
collective investmentmanagement, pension
fund management,
custodial and trust
depository services
(CPC 8119**+81323*)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in thehorizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in thehorizontal section
(j) Settlement and clearing
services for financial
assets, incl. securities,
derivative products, andother negotiable
instruments
(CPC 81339** or
81319**)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in thehorizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in thehorizontal section
(k) Advisory and other
auxiliary financial
services on all theactivities listed in
Article 1 B of MNT.
TNC/W/50, including
credit reference and
analysis, investment andportfolio research and
advice, advice on
acquisitions and on
corporate restructuring
and strategy
(CPC 8131 or 8133)(1)  None
(2)  None
(3)  None(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None
(3)  None(4)  Unbound except as indicated in the
horizontal sectionWT/ACC/SPEC/GEO/3/Rev.1
Page 23Mode(s)  of Supply: (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons
Sector or Sub-sector Restrictions on Market Access Restrictions on National Treatment Additional commitments
(l) Provision and transfer of
financial information,
and financial data
processing and relatedsoftware by providers of
other financial services
(CPC 8131)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in thehorizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in thehorizontal section
8. HEALTH RELATED AND SOCIAL SERVICES
The knowledge of Georgian language (the State language)  is obligatory for pharmacists, who works in Georgia.
A. Hospital services
(CPC 9311)(1)  Unbound
(2)  None(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  Unbound
(2)  None(3)  None
(4)  Unbound except as indicated in the
horizontal section
B. Other human health
services
(CPC 9319, other than
93191)(1)  Unbound
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  Unbound
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section
C. Social services
(CPC 933)(1)  Unbound
(2)  None
(3)  None(4)  Unbound except as indicated in the
horizontal section(1)  Unbound
(2)  None
(3)  None(4)  Unbound except as indicated in the
horizontal section
9. TOURISM AND TRAVEL RELATED SERVICES
A. Hotels and restaurants
(incl. catering)
(CPC 641-643)(1)  Unbound*
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  Unbound*
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal sectionWT/ACC/SPEC/GEO/3/Rev.1
Page 24 Mode(s)  of Supply: (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons
Sector or Sub-sector Restrictions on Market Access Restrictions on National Treatment Additional commitments
B. Travel agencies and tour
operators services
(CPC 7471)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in thehorizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in thehorizontal section
C. Tourist guides services
(CPC 7472)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section
10. RECREATIONAL, CULTURAL AND SPORTING SERVICES
A. Entertainment services
(including theatre, live
bands and circus
services)
(CPC 9619)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section
B. News agency services
(CPC 962)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section
C. Libraries, archives,
museums and other
cultural services
(CPC 963)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section
D. Sporting and other
recreational services(CPC 964)(1)  None
(2)  None(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None(3)  None
(4)  Unbound except as indicated in the
horizontal sectionWT/ACC/SPEC/GEO/3/Rev.1
Page 25Mode(s)  of Supply: (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons
Sector or Sub-sector Restrictions on Market Access Restrictions on National Treatment Additional commitments
11. TRANSPORT SERVICES
The licenses on transport services in Georgia are issued by the ministry of Transport.
A. Maritime Transport Services
(a) Passenger transportation
(CPC 7211)
(b) Freight transportation
(CPC 7212)
(c) Rental of vessels with
crew
(CPC 7213)
(d) Maintenance and repair
of vessels
(CPC 8868**)
(e) Pushing and towing
services(CPC 7214)
(f) Supporting services for
maritime transport
(CPC 745**)(1)  Unbound
(2)  None(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  Unbound
(2)  None(3)  None
(4)  Unbound except as indicated in the
horizontal section
C. Air Transport Services
(a) Passenger transportation
(CPC 731)(1)  None
(2)  None
(3)  Unbound except regular flights, which
are regulated by intergovernmental
agreements
(4)  Unbound except as indicate in thehorizontal section(1)  None
(2)  None
(3)  Unbound except regular flights,
which are regulated by intergovernmental
agreements
(4)  Unbound except as indicate in thehorizontal section
(b) Sales and marketing,
computer  including
reservation systems(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal sectionWT/ACC/SPEC/GEO/3/Rev.1
Page 26 Mode(s)  of Supply: (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons
Sector or Sub-sector Restrictions on Market Access Restrictions on National Treatment Additional commitments
(c) Rental of aircraft with
crew
(CPC 734)(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in thehorizontal section(1)  None
(2)  None
(3)  None
(4)  Unbound except as indicated in thehorizontal section
(d) Maintenance and repair
of aircraft
(CPC 8868)**(1)  Unbound
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  Unbound
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section
E. Rail Transport Services
Railroad is the state
property and  state has
the monopoly right on it.
(CPC 7111,7112,7113)(1)  Unbound
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  Unbound
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section
(d) Maintenance and repair
of rail transport
equipment(CPC 8868)**(1)  Unbound
(2)  None
(3)  None(4)  Unbound except as indicated in the
horizontal section(1)  Unbound
(2)  None
(3)  None(4)  Unbound except as indicated in the
horizontal section
F. Road Transport Services
(b) Passenger transportation
(CPC 7121+7122)(1)  None
(2)  None
(3)  None(4)  Unbound except as indicated in the
horizontal section(1)  None
(2)  None
(3)  None(4)  Unbound except as indicated in the
horizontal section
(d) Maintenance and repair
of road transport
equipment
(CPC 8868**)(1)  Unbound
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal section(1)  Unbound
(2)  None
(3)  None
(4)  Unbound except as indicated in the
horizontal sectionWT/ACC/SPEC/GEO/3/Rev.1
Page 27GEORGIA:  LIST  OF  ARTICLE  II  EXEMPTIONS
Sub-sector Description of measure indicating its
inconsistency with Article IICountries to which the measure
appliesIntended duration Conditions creating the
need for the exemption
Motion picture orvideo tape
production
services
(CPC 96112)Bilateral agreement between the
Governments of Georgia and France on
Cinematography.
According to which the joint films can
be produced only with participation of
citizens of Georgia, France and otherEuropean Union countries, or with
participation of persons having the
Georgian or French nationality.France and other European Union
countries.Indefinite To facilitate and enrich
the cultural relations
and develop the
exchange of products
of cinematography.
__________