RESTRICTED  WORLD TRADE  
ORGANIZATION  TN/S/O/MUS 
24 June 2004  
 
(04-2730) 
Council for Trade in Services 
Special Session Original:   English 
 
 
MAURITIUS  
 
Initial Offer  
   The following initial offer has been r eceived from the delegation of Mauritius on 
19 May 2004 with the request that it be circulated  to Members of the Council for Trade in Services. 
 
_______________ 
 
 
 Mauritius submits its initial offer of commitments on Trade in Services in light of the 
mandate given under para graph 15 of the Doha Ministerial Declaration. 
  The initial offer covers the following:  
(i) existing schedule of commitments of Maur itius in which technical refinements and 
improvement have been made.  These relate to horizontal commitments and specific 
commitments in Tourism, Telecommunication Services and Financial Services. 
 
(ii) new commitments in Accounting and Computer and Related Services. 
 
 This initial offer is conditional to:  
 
(a) final agreement reached on Emergency Sa feguard Measures for Trade in Services; 
(b) meaningful market access is accorded in mode 4; 
(c) concrete measures are taken in favour of small services-suppliers  of Mauritius;  and 
(d) credit granted to liberalizing measures undertaken autonomously by Mauritius. 
 
 Mauritius reserves the right to modify, expand, amen d or withdraw this initial offer in to or in 
parts at anytime prior to the conclusion of the Doha Round.  
_______________ 
 
   TN/S/O/MUS 
Page 2 MAURITIUS – INITIAL OFFER OF SPECIFIC COMMITMENTS  
 
Modes of supply:      1) Cross-Border supply           2) Consumption abroad        3) Commercial presence        4) Presence o f natural persons 
Sector or sub-sector Limitations on  market access Limitations on nation al treatment Additional commitments 
I. HORIZONTAL COMMITMENTS  
 ALL SECTORS 
INCLUDED IN THIS 
SCHEDULE  
3) To be governed by the provisions of:   
 A foreign company shall register with the 
Registrar of Companies within one month 
of establishing a place of business in 
Mauritius.  
- Companies Act (1984)  
 
 Non Citizens wishing to hold, purchase or 
acquire immovable property shall  have 
prior authorisation from the competent 
authority 
- Non-Citizens Property Restrictions Act 
(1975)  
 
 A non-citizen can engage in an 
occupation only if he has a valid work 
permit. An application for a permit has to be 
addressed to the Minister responsible for 
employment, who has the absolute discretion of granting or refusing it. 
-
 Non-Citizens Employment Restriction Act 
(1970)  
  
- Income Tax Act (1974)  
- Act No. 41 of Banking Act (1988)  
- Exchange Control Act   
3) Same as specified in the market access column. 
 
 
    TN/S/O/MUS
 Page 3Modes of supply:      1) Cross-Border supply           2) Consumption abroad        3) Commercial presence        4) Presence o f natural persons 
Sector or sub-sector Limitations on  market access Limitations on nation al treatment Additional commitments 
 4)  Unbound except fo r measures affecting the 
entry and temporary stay of highly 
qualified natural persons and will be governed inter alia  by:  
 Provisions governing visa  
-
 Passport Act, 1969   
 
 Provisions governing  residence 
requirements Intra-corporate transferees: Executives and highly skill employees of a 
foreign firm, who can not be substituted 
by resident workers, temporarily transferred to an affiliate in Mauritius.  
Intra-corporate transferees shall be 
granted, within the numeric limits established by law, entry and long stay 
permit for an initial period of 3 years, 
which may be extended subject to the 
terms of operation of the entity in 
Mauritius.  Employees must be transferred from the most country and 
must have been in prior employment with 
the company for at least two years before the transference.  
 Business Visitors: Persons not based in 
the territory of Mauritius and who are not engaged directly in supplying a service.  
Business Visitors, including personnel 
engaged in establishment and those participating in business meetings, shall 
be allowed for entry and stay up to a 
ninety-day period every 365 day period. 
 
Immigration Act, 1973  
 
 4)  Unbound except for measures concerning the 
categories of natural persons referred to in the 
market access column and will be governed inter alia  by: 
-
 Income Tax Act  
 
 A non-citizen can engage in an  occupation 
only if he has a valid  work permit.  An 
application for a permit has to be addressed to the Minister responsible for  employment, 
who has the absolute discretion of granting or  
refusing it. 
--
 Non-Citizens Employment Restrictions Act, 
1970  
 
  
  
 
  
1. BUSINESS SERVICES  
 
A. Professional Services  
(b) Auditing Services  
Financial Auditing 
Services (CPC 86211) 
Attestations CPC 86219) 1) Unbound 
2) Unbound 
3) None, other than  that commercial 
presence must take the form of a 
partnership. Partnerships formed after 
the taking of this commitment are 
limited to a foreign equity ceiling not  1) Unbound 
2) Unbound 
3) None 
   TN/S/O/MUS 
Page 4 Modes of supply:      1) Cross-Border supply           2) Consumption abroad        3) Commercial presence        4) Presence o f natural persons 
Sector or sub-sector Limitations on  market access Limitations on nation al treatment Additional commitments 
   exceeding 30 per cent.  Qualification 
for appointment as auditor shall be 
governed by the provisions of s. 161 
and s. 163 of Companies Act 1984.  
Authorisation is subject to 
consideration of national interest. 
 
4) Unbound except as indicated in the 
horizontal section and subject to the 
following commitments: Entry permits 
shall be issued where the service 
contract requires skills and experience 
for which qualified local personnel is 
not available. However this limitation 
shall not apply to intra-corporate 
transferees.  Qualification for 
appointment as auditor shall be 
governed by the provisions of s 161 and 
s. 163 of  Companies Act 1984.   
Licensing by the prof essional body of 
accountants is  mandatory.   
 
 
 
 
 
 
4) Unbound except as  indicated in the 
horizontal section.  
 Accounting Services 
Accounting services other 
than auditing (CPC 86212 
Accounting Review Services, CPC 86213 
Compilation of Financial 
Statements Services, Part 
of CPC 86219 Other 
Accounting Services): Valuations, Preparation 
Services of pro forma 
statements, company formation and 
restructuring, corporate  
secretarial services, debt-restructuring, 
receivership and  
liquidation.  1) None 
2) None 
3) None, other than  that commercial 
presence must take the form of a partnership. 
 Partnerships formed after the taking of 
this commitment are limited to a 
foreign equity ceiling not exceeding 30 
per cent. Authorisat ion is subject to 
consideration of national interest. 
4)  Unbound except as indicated in the 
horizontal section and subject to the  following commitments: Entry permits 
shall be issued where the service 
contract requires skills and experience for which qualified local personnel is 
not available.  However this  limitation 
shall not apply to intra-corporate transferees. Licensing by the 
professional body of accountants is 
mandatory.  1) None 
2)  None 
3)  None 
  
 
 
 
  
4) Unbound except as  indicated in the 
horizontal  section.     TN/S/O/MUS
 Page 5Modes of supply:      1) Cross-Border supply           2) Consumption abroad        3) Commercial presence        4) Presence o f natural persons 
Sector or sub-sector Limitations on  market access Limitations on nation al treatment Additional commitments 
  Bookkeeping services, 
except tax returns 
(CPC 86220) 1) None 
2) None 
3)  None, other th an that commercial 
presence must take the form of a 
partnership.  Partnerships formed 
after the taking of this commitment are limited to a foreign equity ceiling not 
exceeding 30 per cent.  Authorisation is 
subject  to considerations of national interest.  
4)  Unbound except as indicated in the  
horizontal section and subject to the following commitments: Entry permits 
shall be issued where the service 
contract requires skills and experience for which qualified local personnel is 
not available. However this limitation 
shall not apply to intra-corporate 
transferees.  Licensing by the 
professional body of accountants is mandatory.  1)  None 
2)  None 
3)  None  
 
  
 
  
4)  Unbound except as  indicated in the 
horizontal section.   
(c)  Taxation Services (CPC 
86301, 86302, 86303 and 
86309) 1)  None 
2) None 
3) None, other than  that commercial 
presence must take the form of a partnership.  Partnerships formed 
after the taking of this commitment are 
limited to a foreign equity ceiling not exceeding 30 per cent.  Authorisation is 
subject to considerations of national 
interest.  1) None 
2)  None 
3)  None 
  
 
  
  
 4) Unbound except as  indicated in the 
horizontal section and subject to the 
following commitments: Entry permits shall be issued where the service 
contract requires skills and experience 
for which qualified local personnel is not available. However this limitation 
shall not apply to intra-corporate  
transferees.  Licensing by the  
professional body of accountants is 
mandatory. 4) Unbound except as indicated in the 
horizontal section.    TN/S/O/MUS 
Page 6 Modes of supply:      1) Cross-Border supply           2) Consumption abroad        3) Commercial presence        4) Presence o f natural persons 
Sector or sub-sector Limitations on  market access Limitations on nation al treatment Additional commitments 
B. Computer and Computer 
Related Services   
   
(a) Consultancy Services 
related to the installation 
of Computer Hardware (CPC 841) 1) None 
2) None 
3) None 4) Unbound except as in horizontal 
commitment. 
 1) None 
2) None 
3) None 4) Unbound except as in horizontal 
commitment. 
  
(b) Software implementation 
services (CPC 8421, CPC 
8422, CPC 8423, CPC 8424) 1) None 
2) None 
3) Foreign equity participation limited to 
50% 
 Professional staff of foreign 
establishments must consist of at least 50 % of Mauritians. 
4) Unbound except as in horizontal 
commitment. 
 1) None 
2) None 
3) None  
 
  
4) Unbound except as in horizontal 
commitment.  
 Software implementation 
services (CPC 8425) 
 1) None 
2) None 
3) Unbound 
4) Unbound except as in horizontal 
commitment. 1) None 
2) None 
3) Unbound 
4) Unbound except as in horizontal 
commitment. 
  
(c) Data processing services 
(CPC 843) 1) None 
2) None 
3) Managerial staff of foreign 
establishment should consist of at least 50% of Mauritians. 
4) Unbound except as in horizontal 
commitment. 1) None 
2) None 
3) Services provided by foreign 
establishments should only be export oriented 
4) Unbound except as in horizontal 
commitment. 
  
(d) Database services (CPC 
844) 1) None 
2) None 3) Managerial staff of foreign 
establishment should consist of at least 
50 % of Mauritians 
4) Unbound except as in horizontal 
commitment. 1) None 
2) None 3) Services provided by foreign 
establishments should only be export 
oriented 
4) Unbound except as in horizontal 
commitment.  
 
 
      TN/S/O/MUS
 Page 7Modes of supply:      1) Cross-Border supply           2) Consumption abroad        3) Commercial presence        4) Presence o f natural persons 
Sector or sub-sector Limitations on  market access Limitations on nation al treatment Additional commitments 
(e) Maintenance and repair 
services of office 
machinery and equipment including computers 
(CPC 845) 1) None 
2) None 
3) Unbound 4) Unbound except as in horizontal 
commitment 
 1) None 
2) None 
3) Unbound 4 Unbound except as in horizontal 
commitment 
  
2. COMMUNICATION 
SERVICES 
C. Telecommunication 
 Services  
    
The reference paper will be 
incorporated in the legislation to be 
adopted soon by the National Assembly. 
 (a) Voice telephone services 
(b) Packet switched data 
transmission services 
(c) Circuit switched data 
transmission services  
(d) Telex services (e) Telegraph services 
(g) Private leased circuit 
services 
 
  1) Alternative calling practices such as Call-
Back and refile are not permitted. "Country 
Direct" calling card service is possible under the auspices of agreements 
concluded between operators. 
2) None  3) The provision of these services is at 
present reserved, on a de-facto basis, to 
monopoly or exclusive supplier; resale is 
not permitted.  A second cellular telephone 
operator is operational as from 5 September 1996  
 Monopoly and exclusive rights in domestic 
and international services will end by 2004. 1) None 
 
  
 
2) None  3) The Companies Act 1994 requires foreign 
companies to have a registered office in 
Mauritius.  
 
 
 
 
 4) Unbound except as listed under horizontal 
commitments. 
 4) Unbound except as listed under horizontal 
commitments.  
(f)  Facsimile services 
(o) Others  (i) Paging 
 (ii) Private Mobile 
 Radio  1) None 
2) None 3) None 
 
 4) Unbound except as listed under horizontal 
commitments. 
  1) None 
2) None 3) The Companies Act 1994 requires foreign 
companies to have a registered office in 
Mauritius 
4) Unbound except as listed under horizontal 
commitments. 
   
  TN/S/O/MUS 
Page 8 Modes of supply:      1) Cross-Border supply           2) Consumption abroad        3) Commercial presence        4) Presence o f natural persons 
Sector or sub-sector Limitations on  market access Limitations on nation al treatment Additional commitments 
(iii) Equipment rental services 
(iv) Equipment sales  
 services (v) Equipment  
 maintenance services 
 1) None 
2) None 
3) None  
 
4) Unbound except as listed under horizontal 
commitments. 
 1) None 
2) None 
3) The Companies Act 1994 requires foreign 
companies to have a registered office in 
Mauritius 
4) Unbound except as listed under horizontal 
commitments 
  
 
(vi) Mobile services   
 (satellite-based) 
 1) None 
2) None 
3) None  
 
4) Unbound except as listed under horizontal 
commitments. 
 1) None 
2) None 
3) The Companies Act 1994 requires foreign 
companies to have a registered office in 
Mauritius 
4) Unbound except as listed under horizontal 
commitments. 
  
   TN/S/O/MUS
 Page 9Modes of supply:      1) Cross-Border supply           2) Consumption abroad        3) Commercial presence        4) Presence o f natural persons 
Sector or sub-sector Limitations on  market access Limitations on nation al treatment Additional commitments 
7. FINANCIAL SERVICES 
Head note : 
 
1. The commitments on financial services ar e made in accordance with the General Agreem ent on Trade in Services (GATS) and the Annex on Financial Services.  All the 
commitments in this Schedule are subject to domestic laws, guid elines, rules and regulations, terms and conditions of the relev ant authorities in Mauritiu s, consistent with 
Article VI of the GATS and paragraph 2 of the Annex on Financial Services. 
 
2. The admission to the market of new financial services or products may be subject to the existence of, and consistency with, a regulatory framework ai med at achieving the 
objectives indicated in Article 2(a)  of the Financial Services Annex. 
 
3. The commitments indicated below are subject to an economic needs test. 
 
4. The limitations on market access and national treatment as i ndicated below will not apply with regard to insurance services out of Mauritius to foreign residents. 
 
A. All Insurance and 
Insurance-Related Services  
 (a) Direct Insurance Life and 
non-life  
 
 1) Only companies established and 
incorporated in Ma uritius are allowed 
to  sell insurance 
  
Unbound   
2) None, except for insurance of assets and 
insurances which are compulsory in 
Mauritius including compulsory Third 
Party Insurance under the Road Traffic Act 1963. 
3) None 
4) Unbound, except as indicated in the 
horizontal commitments. 
  
 
 1) None 
 
 
 
2) None  
 
  
3) None 
4) Unbound, except as indicated in the 
horizontal commitments.  
(b) Re-insurance and 
retrocession 1),2),3) None except for compulsory 
reinsurance of at least 5% to be placed 
with African Reinsurance Corporation. 
4) Unbound, except as indicated in the 
horizontal commitments. 
 1),2),3) None  
 
 
4) Unbound, except as indicated in the 
horizontal commitments.   TN/S/O/MUS 
Page 10 Modes of supply:      1) Cross-Border supply           2) Consumption abroad        3) Commercial presence        4) Presence o f natural persons 
Sector or sub-sector Limitations on  market access Limitations on nation al treatment Additional commitments 
(c) Insurance Intermediation  
 comprising Agents and  
 Brokers  1) Insurance Intermediaries must act only for 
insurers registered in Mauritius and must 
be registered intermediaries with commercial presence in Mauritius. 
2) None, except for insurance of assets and 
insurances which are compulsory in Mauritius including compulsory Third 
Party Insurance under the Road Traffic 
Act 1963. 
3) Insurance Intermediaries selling insurance 
services in Mauritius must act only for 
insurers register ed in Mauritius. 
4) Unbound, except as indicated in the 
horizontal commitment. 
 1) None 
 
  
2) None 
  
 
 3) None 
 
 4) Unbound, except as indicated in the horizontal 
commitment.  
 
(d) Services auxiliary to 
insurance, such as consultancy, actuarial, risk 
assessment and claim 
settlement services 1) None 
2) None 3) None 
4) Unbound, except as indicated in the 
horizontal commitment. 1) None 
2) None 3) None 
4) Unbound, except as indicated in the 
horizontal commitment.  
B. Banking and Other 
Financial Services  
 (excluding insurance) 
 
(a) Acceptance of deposits  
  
  
 
1) Unbound 2) None 
3) Only institutions holding a banking 
licence and non-bank deposit taking institutions authorised by the Bank of 
Mauritius can accept deposits. 
4) Unbound, except as indicated in the 
horizontal commitment.  
  
 
1) None 2) None 
3) None 
  
 
4) Unbound, except as indicated in the 
horizontal commitment.  
(b) Lending of all types 
(excluding factoring and specialized and structured 
products) 
 1) None 
2) None 3) None, except with regard to credit 
exposure of branches of foreign banks 
where the capital of th e head office is not 
to be taken into account. 
4) Unbound, except as indicated in the 
horizontal commitment. 1) None 
2) None 3) None 
 
  
4) Unbound, except as indicated in the 
horizontal commitment.  
 
      TN/S/O/MUS
 Page 11Modes of supply:      1) Cross-Border supply           2) Consumption abroad        3) Commercial presence        4) Presence o f natural persons 
Sector or sub-sector Limitations on  market access Limitations on nation al treatment Additional commitments 
(c) All payment and money 
transmission services, 
including credit, charge and credit cards, travellers 
cheques and bankers drafts. 1) None 
2) None 
3) None 4) Unbound, except as indicated in the 
horizontal commitment. 1) None 
2) None 
3) None 4) Unbound, except as indicated in the 
horizontal commitment. 
  
(d) Guarantees and 
commitments 1) None 
2) None 3) None 
4) Unbound, except as indicated in the 
horizontal commitment. 1) None 
2) None 3) None 
4) Unbound, except as indicated in the 
horizontal commitment. 
  
(e) Trading for own account or 
for account of customers in the following: 
- money market instruments 
(including cheques, bills, certificates of deposits) 
- transferable securities 
- foreign exchange 
 1) None 
2) None 3) None, except that trading for own account 
by commercial banks in shares is subject 
to prior approval of the Central Bank, i.e. Bank of Mauritius.  Trading in listed 
securities can only be carried out by 
licensed stock-broking companies. 
4) Unbound, except as indicated in the 
horizontal commitment. 1) None 
2) None 3) None 
 
  
 
 
4) Unbound, except as indicated in the 
horizontal commitment. 
  
(f) Participation in issues of all 
kinds of securities, including underwriting and 
placement as agent 
(whether publicly or privately) and provision of 
services related to such 
issues 1) None 
2) None 3) None, except that participation by 
commercial banks in share issues requires 
the approval of the Bank of Mauritius. 
4) Unbound, except as indicated in the 
horizontal commitment. 
 1) None 
2) None 3) None 
 
 4) Unbound, except as indicated in the 
horizontal commitment.  
(g) Settlement and clearing 
services for the following: 
(i) Inter-bank transactions 1) Unbound, except for the provision of 
settlement and clearing services for 
financial assets which are listed on overseas exchanges only. 
2) None 
 1) None 
 
  
2) None 
   TN/S/O/MUS 
Page 12 Modes of supply:      1) Cross-Border supply           2) Consumption abroad        3) Commercial presence        4) Presence o f natural persons 
Sector or sub-sector Limitations on  market access Limitations on nation al treatment Additional commitments 
(ii) securities 
 3) None, except that inter-bank transactions 
are to be cleared through the Central 
Bank and clearing and settlement of securities may be conducted only through 
the statutory clearing system. 
4) Unbound, except as indicated in the 
horizontal commitment. 
 3) None 
 
  
 
4) Unbound, except as indicated in the 
horizontal commitment. 
  
(h) Provision and transfer of 
financial information, and 
financial data processing and related software by 
suppliers of other financial 
services  1) None for financial information that is 
public. 
2) None 3) None, except for services provided by 
computer software or service firms.  
Provision of financial data processing services to commercial banks is subject to 
the approval of the Central Bank and to 
domestic laws on protection of confidentiality of information of 
customers of commercial banks. 1) None 
 
2) None 3) None  
 4) Unbound, except as indicated in the 
horizontal commitment. 
 4) Unbound, except as indicated in the 
horizontal commitment.  
A.  TOURISM SERVICES 
(1) Hotel Operators 
 1) Unbound* 
 The operator has to incorporate a 
Company (Hotel Management Act 1982 ) 
2) None  
3) The operator has to incorporate a 
company   
 None except  foreign participation in 
hotels with less than 100 rooms limited to 
49 per cent.  In hotels with more than 100 rooms full foreign participation is 
allowed. 
 Foreign establishments must be staffed 
predominantly by Mauritians.  
4) Unbound except as indicated in the 
horizontal section. 
 1) Unbound* 
 Free repatriation of profit governed
 by Bank 
of Mauritius Act and Income  Tax Act . 
2) None  
3) None  
  Foreign establishments must be staffed 
predominantly by Mauritians . 
  
 
 
 
  
4)  Unbound except as indicated in the horizontal 
section.  
(2) Restaurant Operators  1)  None 
 Foreign participation is allowed in 
projects of more than Rs 10 million . 
2) None 1) None   
 Free repatriation of profit governed by Bank 
of Mauritius Act and Income Tax Act . 
2) None    TN/S/O/MUS
 Page 13Modes of supply:      1) Cross-Border supply           2) Consumption abroad        3) Commercial presence        4) Presence o f natural persons 
Sector or sub-sector Limitations on  market access Limitations on nation al treatment Additional commitments 
3) The project must not be less than 
Rs 10 million. 
 None except that foreign participation 
is allowed in Projects of more than 
Rs 10 Million. 
 Foreign establishments must be staffed 
predominantly by Mauritians except 
for scarcity areas.  
4) Unbound except as indicated in the 
horizontal section. 
 
 3) None 
 Foreign establishments must be Staffed 
predomi nantly by Mauritians . 
  
 
  
 
4) Unbound except as indicated in the horizontal 
section. 
 
(3) Travel Agencies 1) Travel agencies established outside of 
Mauritius must work through an agency established in Mauritius 
2) None 
3) Requires bank guarantee and licence.   Clearance to be ob tained from the 
Ministry of Tourism and Ministry of 
Internal and External Communications  
4) Unbound except as indicated in the 
horizontal section. 
 1) None 
  
2) None 
3) None  
 
 
4) Unbound except as indicated in the horizontal 
section. 
  
(4)  Tour Operators 1) None 
 Restricted to Mauritian nationals  
2) None  3) Permit requirement from the Ministry of 
Tourism, Ministry of Finance and Prime 
Minister’s Office . 
4) Unbound except as indicated in the 
horizontal section. 1) None 
 Rest ricted to Mauritian nationals  
2) None  3) To comply with the regulations of the 
National Transport Authority  
 None 
4) Unbound except as indicated in the horizontal 
section.  
(5)  Tourist guides services 1) None 
 Limited to Mauritian Nationals – 
Exception made for languages not spoken 
by Mauritian.  
2) None 
3) Exception made for languages not spoken by Mauritians. 
 Allowed only in linguistic -scarcity areas  
4) Unbound except as indicated in the 
horizontal section. 
 1) None 
 Governed by Immigration Laws  
 
 2) None 
3) None 
 Governed by Income Tax Laws
 
 
4) Unbound except as indicated in the horizontal 
section. 
   TN/S/O/MUS 
Page 14 Modes of supply:      1) Cross-Border supply           2) Consumption abroad        3) Commercial presence        4) Presence o f natural persons 
Sector or sub-sector Limitations on  market access Limitations on nation al treatment Additional commitments 
(6) Tourist Transport Operation 
(car rental) 
 1) None 
 Limited to Mauritian nationals only  
2) None 3) None 
 Limited to Mauritian nationals only
 
  
4) Unbound except as indicated in the 
horizontal section. 
 1) None  
 Limited to Mauritian nationals only  
2) None 3) None   
 Limited to Mauritian nationals only
 
  4) Unbound except as indicated in the horizontal 
section. 
  
(7) Yacht Chartering and 
Cruising Services  1) None  
 Reserved for Mauritian nationals  
 Pleasure Craft Act 1993  
2) None 
3) Reserved to Mauritian nationals. Pleasure 
Craft Act 1993 
4) Unbound except as indicated in the 
horizontal section. 
 1) None  
 Reserved to Mauritian nationals  
 
2) None  
3) Limited  Reserved  to Mauritian nationals 
 
4) Unbound except as indicated in the horizontal 
section .  
(8) Tourist Duty-Free Shops 1) None  
 Limited to Mauritian nationals  
2) None 
3) (i) Requirement of an Export Service 
Certificate 
 (ii) Foreign equity  participation limited to 
30 per cent 
4) Unbound except as indicated in the 
horizontal section. 
 1) None  
 
2) None 
3) None   
 (i) Subject to customs supervision  
 (ii) Transaction in foreign currency with 
tourist customers only  
4) Unbound except as indicated in the horizontal 
section. 
  
 
  
 
__________