RESTRICTEDWORLD TRADE
ORGANIZATIONTN/S/O/ARG
8 April 2003
(03-1981)
Council for Trade in Services
Special SessionOriginal:  Spanish
ARGENTINA
Initial Offer
The following initial offer was received from the Delegation of the Argentine Republic on
8 April 2003 with the request that it be circulated to Members of the Council for Trade in Services.
_______________
This initial offer is not a legal text and is s ubmitted solely for the purpose of negotiation in the
context of paragraphs 47 and 49 of the Doha Minister ial Declaration, especially in the light of the need
to achieve an overall balance in the outcome of all World Trade Organization (WTO) negotiations.
This offer is conditional and the Argentine Republic may therefore modify or withdraw it at any time
during the course of the negotiations.
The contents of this initial offer should be understood as subject to any horizontal disciplines
agreed upon in the framework of the ongoing negotiations of the Working Party on GATS Rules and
the Working Party on Domestic Regulation and may therefore be revised on the basis of the outcome
of these negotiations.
The Argentine Republic is submitting this offer as proof of its commitment to make a major
contribution to the multilateral system for trade in services. Given the high level of the commitments
undertaken by Argentina during both the Uruguay Round and the extended negotiations on basictelecommunications and financial services, this offer is a significant contribution to the negotiations.TN/S/O/ARG
Page 2ARGENTINA - INITIAL CONDITIONAL OFFER OF SPECIFIC COMMITMENTS
Modes of supply: 1)  Cross-border supply 2)  Consumption abroad 3)  Commercial presence 4)  Presence of natural persons
Sector or subsector Limitations on market access Limit ations on national treatm ent Additional commitments
I. HORIZONTAL COMMITMENTS
ALL SERVICES INCLUDED
IN THIS SCHEDULE
3) Acquisition of land:  unbound in frontier areas
(150 km. in land frontier areas and 50 km. incoastal areas)
4) Unbound, except for measures concerning the
following categories of personnel:
I. Businessmen: persons entering the
country for business, investment ormarket research purposes, providedthat they do not receiveremuneration in Argentina and arenot involved in the direct sale of
goods or services to the general
public. Duration of stay: 90 days,extendable in national territory fora further 90-day period.4) Unbound, except for measures concerning the
categories of personnel indicated in the market
access column.
Possibility of multiple
entries being granted.
II. Professionals and specialists:
• carrying out professional or technical
activities, irrespective  of whether or not
these are remunerative (under a civilcontract or as a result of a letter ofinvitation stating the grounds therefor,
the nature of the activity and, where
appropriate, the remuneration).Duration of stay: 15 days, extendablefor a further 15-day period.Possibility of multiple
entries being granted.TN/S/O/ARG
Page 3Modes of supply: 1)  Cross-border supply 2)  Consumption abroad 3)  Commercial presence 4)  Presence of natural persons
Sector or subsector Limitations on market access Limit ations on national treatm ent Additional commitments
• providing services to a natural or legal
person established in Argentina (aspermanent employees or freelancers).
Duration of stay: one year, extendable
indefinitely for further one-year
periods for as long as the person retains
the status of contracted employee.Possibility of multiple
entries being granted.
III. Intra-corporate transfers: for
Mangers, Executives and
Specialists, as defined hereunder:
Senior personnel
• Managers: persons in an enterprise or
organization who primarily direct a
department or subdivision. They supervise andcontrol the work of other supervisory,professional or managerial staff.
They have the authority to hire or dismiss
personnel, recommend their hiring or
dismissal or take other personnel action, suchas promotion or leave authorization. Theyexercise discretionary authority over day-to-day activities. Does not include first-line
supervisors unless those supervised are
professionals, nor employees who primarilyperform tasks required for the provision of theservice.TN/S/O/ARG
Page 4Modes of supply: 1)  Cross-border supply 2)  Consumption abroad 3)  Commercial presence 4)  Presence of natural persons
Sector or subsector Limitations on market access Limit ations on national treatm ent Additional commitments
• Executives:  persons in the organization
who primarily direct the management ofthe organization. They exercise wide
latitude in decision-making and receive
only supervision or direction from high-level executives, the board of directors orstockholders. They do not directly performtasks related to the provision of the
service(s) of the organization.
• Specialists: persons in an enterprise or
organization who possess knowledge at anadvanced level of expertise and whopossess proprietary knowledge of theorganization's services, research
equipment, techniques or management.
Independent professionals may be included
in this category.
Managers, executives or specialists enteringArgentina to provide services as permanent
employees or freelancers to a natural or
legal person established in Argentina areentitled to an initial duration of stay of oneyear, extendable indefinitely for furtherone-year periods for as long as they retain
the status of contracted employee.Possibility of multiple
entries being granted.TN/S/O/ARG
Page 5Modes of supply: 1)  Cross-border supply 2)  Consumption abroad 3)  Commercial presence 4)  Presence of natural persons
Sector or subsector Limitations on market access Limit ations on national treatm ent Additional commitments
IV. Representatives of foreign
enterprises: persons enteringArgentina as representatives of
enterprises estab lished abroad and
who receive their remunerationfrom abroad may not provideservices in the country under anemployment or civil contract which
links them to an enterprise
established in Argentina. Durationof stay: one year, extendable forfurther one-year  periods for as
long as the person retains the statusof contracted employee.Possibility of multiple
entries being granted.TN/S/O/ARG
Page 6Modes of supply: 1)  Cross-border supply 2)  Consumption abroad 3)  Commercial presence 4)  Presence of natural persons
Sector or subsector Limitations on market access Limit ations on national treatm ent Additional commitments
II. SECTOR-SPECIFIC COMMITMENTS
1. BUSINESS SERVICES
A. Professional Services 1), 3), 4) Persons seeking to provide professional
services must obtain recognition of theirprofessional degree, enrol in the relevant
college and establish legal domicile in
Argentina.
Legal domicile:  does not involve residence
requirement.
a) Legal services
(CPC 861)1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.
b) Accounting, auditing and
bookkeeping services
(CPC 862)1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.
d) Architectural services
(CPC 8671)1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.
e) Engineering services
(CPC 8672)1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.TN/S/O/ARG
Page 7Modes of supply: 1)  Cross-border supply 2)  Consumption abroad 3)  Commercial presence 4)  Presence of natural persons
Sector or subsector Limitations on market access Limit ations on national treatm ent Additional commitments
B Computer and Related
Services
a) Consultancy services related
to the installation of
computer hardware
(CPC 841)1) None
2) None
3) None4) Unbound, except as indicated in the horizontal
section.1) None
2) None
3) None4) Unbound, except as indicated in the horizontal
section.
b) Software implementation
services (CPC 842)1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.
c) Data-processing services
(CPC 843)1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.
d) Database services
(CPC 844)1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.
e) Other
(CPC 845 and 849)1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.TN/S/O/ARG
Page 8Modes of supply: 1)  Cross-border supply 2)  Consumption abroad 3)  Commercial presence 4)  Presence of natural persons
Sector or subsector Limitations on market access Limit ations on national treatm ent Additional commitments
F. Other Business Services
a) Advertising services
(CPC 871) 1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.
b) Market research and public
opinion polling services
(CPC 864)1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.
c) Management consulting
services
(CPC 865)1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.
h) Services incidental to
mining
(CPC 883 and 5115)1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.TN/S/O/ARG
Page 9Modes of supply: 1)  Cross-border supply 2)  Consumption abroad 3)  Commercial presence 4)  Presence of natural persons
Sector or subsector Limitations on market access Limit ations on national treatm ent Additional commitments
o) Building-cleaning services
(CPC 874)1) None
2) None3) None
4) Unbound, except as indicated in the horizontal
section.1) None
2) None3) None
4) Unbound, except as indicated in the horizontal
section.
s) Convention services
(CPC 87909*)1) None
2) None3) None
4) Unbound, except as indicated in the horizontal
section.1) None
2) None3) None
4) Unbound, except as indicated in the horizontal
section.
t) Other
(CPC 8790)1) None
2) None3) None
4) Unbound, except as indicated in the horizontal
section.1) None
2) None3) None
4) Unbound, except as indicated in the horizontal
section.TN/S/O/ARG
Page 10Modes of supply: 1)  Cross-border supply 2)  Consumption abroad 3)  Commercial presence 4)  Presence of natural persons
Sector or subsector Limitations on market access Limit ations on national treatm ent Additional commitments
2. COMMUNICATION
SERVICES
B. Courier services
(CPC 7512)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.C. TELECOMMUNICATION
SERVICES1
All subsectors This offer does not include the provision of
satellite facilities of geostationary artificialsatellites for the Fixed Satellite Service.See Annex.
The services included in
this column may be
supplied by any
technological means (e.g.fibre optics, radio links,satellites, cable), except asotherwise stated in thelimitations in the market
access column.
- Local and domestic
long-distance basictelephone services(CPC 7521)1) None from 8 November 2000.
2) None
3) None from 8 November 2000.
4) Unbound, except as indicated in the horizontal
section.1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.
                                                     
1 Argentina considers the cable or broadcast distribution of radio or television programming to be outside the scope of this Sch edule in accordance with paragraph 2(b) of the GATS Annex on
Telecommunications.All or part of the Schedule of the Argentine Republic can enter into full effect only after approval by the National Congress a nd ratification by the Executive Power, in accordance with the
constitutional provisions in force.TN/S/O/ARG
Page 11Modes of supply: 1)  Cross-border supply 2)  Consumption abroad 3)  Commercial presence 4)  Presence of natural persons
Sector or subsector Limitations on market access Limit ations on national treatm ent Additional commitments
- International telephone
services (CPC 7521)1) None from 8 November 2000.
2) None
3) None from 8 November 2000
4) Unbound, except as indicated in the horizontal
section.1) None
2) None3) None
4) Unbound, except as indicated in the horizontal
section.
- Domestic data services
(CPC 7523**)1) None
2) None3) None
4) Unbound, except as indicated in the horizontal
section.1) None
2) None3) None
4) Unbound, except as indicated in the horizontal
section.
- Domestic telex services
(CPC 7523**)1) None
2) None3) None
4) Unbound, except as indicated in the horizontal
section.1) None
2) None3) None
4) Unbound, except as indicated in the horizontal
section.
- Domestic facsimile
services, store-and-forward
(CPC 7521** and
7529**)1) None
2) None3) None
4) Unbound, except as indicated in the horizontal
section.1) None
2) None3) None
4) Unbound, except as indicated in the horizontal
section.See AnnexTN/S/O/ARG
Page 12Modes of supply: 1)  Cross-border supply 2)  Consumption abroad 3)  Commercial presence 4)  Presence of natural persons
Sector or subsector Limitations on market access Limit ations on national treatm ent Additional commitments
- International data
services (CPC 7523**)1) None from 8 November 2000
2) None
3) None from 8 November 2000
4) Unbound, except as indicated in the horizontal
section.1) None
2) None3) None
4) Unbound, except as indicated in the horizontal
section.
- International telex
services(CPC 7523**)1) None from 8 November 2000
2) None
3) None from 8 November 2000
4) Unbound, except as indicated in the horizontal
section.1) None
2) None3) None
4) Unbound, except as indicated in the horizontal
section.
- International facsimile
services, store-and-forward
(CPC 7521** and
7529**)1) None
2) None3) None, except that up to 8 November 2000 the
links used for supplying these services must
belong to the enterprise holding the exclusive
rights to provide international connections.
4) Unbound, except as indicated in the horizontal
section.1) None
2) None3) None
4) Unbound, except as indicated in the horizontal
section.
- Leased telephone circuits 1) None
2) None3) None, except that up to 8 November 2000 the
present basic telephone service licence-holders
have a preferential installation period of 60
days inside basic tariff areas or 180 days
outside those areas.
4) Unbound, except as indicated in the horizontal
section.1) None
2) None3) None
4) Unbound, except as indicated in the horizontal
section.See AnnexTN/S/O/ARG
Page 13Modes of supply: 1)  Cross-border supply 2)  Consumption abroad 3)  Commercial presence 4)  Presence of natural persons
Sector or subsector Limitations on market access Limit ations on national treatm ent Additional commitments
Leased circuits for
international voice and data1) None
2) None3) None, except that up to 8 November 2000 the
international operator has a preferential
installation period of 120 days.
4) Unbound, except as indicated in the horizontal
section.1) None
2) None3) None
4) Unbound, except as indicated in the horizontal
section.
Mobile services:
Mobile Telephone Services
(MTS)
Personal Communication
Services (PCS)
Paging
SMR trunkingMobile data services1) None
2) None
3) None
MTS are supplied under a duopolistic regime,
the available spectrum being assigned in allthe service areas.
In the case of PCS, the administrative
authority will decide on a number of suppliers
per operating area in the light of present andfuture needs.
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) Electronic mail
(CPC 7523**)1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.
i) Voice mail
(CPC 7523**)1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.TN/S/O/ARG
Page 14Modes of supply: 1)  Cross-border supply 2)  Consumption abroad 3)  Commercial presence 4)  Presence of natural persons
Sector or subsector Limitations on market access Limit ations on national treatm ent Additional commitments
j)    On-line information and
database retrieval
      (CPC 7523**)1) None
2) None3) None
4) Unbound, except as indicated in the horizontal
section.1) None
2) None3) None
4) Unbound, except as indicated in the horizontal
section.
k) Electronic data interchange
(EDI)
(CPC 7523**)1) None
2) None3) None
4) Unbound, except as indicated in the horizontal
section.1) None
2) None3) None
4) Unbound, except as indicated in the horizontal
section.
l) Enhanced/value-addedfacsimile services, includingstore-and-forward, store-and-
retrieve (CPC 7523**)1) None
2) None3) None
4) Unbound, except as indicated in the horizontal
section.1) None
2) None3) None
4) Unbound, except as indicated in the horizontal
section.
m) Code and protocol
conversion1) None
2) None3) None
4) Unbound, except as indicated in the horizontal
section.1) None
2) None3) None
4) Unbound, except as indicated in the horizontal
section.
n) On-line information and/or
data processing (includingtransaction processing)
(CPC 843**)1) None
2) None3) None
4) Unbound, except as indicated in the horizontal
section.1) None
2) None3) None
4) Unbound, except as indicated in the horizontal
section.
o) Other 1) None
2) None
3) None4) Unbound, except as indicated in the horizontal
section.1) None
2) None
3) None4) Unbound, except as indicated in the horizontal
section.TN/S/O/ARG
Page 15Modes of supply: 1)  Cross-border supply 2)  Consumption abroad 3)  Commercial presence 4)  Presence of natural persons
Sector or subsector Limitations on market access Limit ations on national treatm ent Additional commitments
3. CONSTRUCTION AND
RELATEDENGINEERING
SERVICES
A. General construction work
for buildings
(CPC 512)1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.
C. Assembly and erection of
prefabricated constructions
(CPC 514 and 516)1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.
D. Building completion and
finishing work
(CPC 517)1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.
E. Other
(CPC 511, 515 and 518)1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section
4. DISTRIBUTION
SERVICES
B. Wholesale trade services
(CPC 622)1) None
2) None
3) None4) Unbound, except as indicated in the horizontal
section.1) None
2) None
3) None4) Unbound, except as indicated in the horizontal
section.TN/S/O/ARG
Page 16Modes of supply: 1)  Cross-border supply 2)  Consumption abroad 3)  Commercial presence 4)  Presence of natural persons
Sector or subsector Limitations on market access Limit ations on national treatm ent Additional commitments
C. Retail trade services                
(CPC 631 and 632) 6111and 6113 and 61211) None
2) None3) None
4) Unbound, except as indicated in the horizontal
section.1) None
2) None3) None
4) Unbound, except as indicated in the horizontal
section.
D. Franchising
(CPC 8929)1) None
2) None3) None
4) Unbound, except as indicated in the horizontal
section.1) None
2) None3) None
4) Unbound, except as indicated in the horizontal
section.
7. FINANCIAL SERVICES1
A. All insurance and insurance-
related services
a) Life, accident and health
insurance services
(CPC 8121)1) Unbound
2) Unbound3) Authorization of the establishment of new
entities is suspended.
4) Unbound, except as indicated in the horizontal
section.1) Unbound
2) Unbound3) None
4) Unbound, except as indicated in the horizontal
section.
b) - Non-life insurance
services
(CPC 8129)1) Unbound
2) Unbound3) Authorization of the establishment of new
entities is suspended.
4) Unbound, except as indicated in the horizontal
section.1) Unbound
2) Unbound3) None
4) Unbound, except as indicated in the horizontal
section.
                                                     
1 Processed data must remain in the country so as to be available for consultation by the competent authority. This measure does not prevent the data from also being transferred abroad.TN/S/O/ARG
Page 17Modes of supply: 1)  Cross-border supply 2)  Consumption abroad 3)  Commercial presence 4)  Presence of natural persons
Sector or subsector Limitations on market access Limit ations on national treatm ent Additional commitments
- Maritime and air
transport insuranceservices
(CPC 81293)1) None
2) None3) Authorization of the establishment of new
entities is suspended.
4) Unbound, except as indicated in the horizontal
section.1) None
2) None3) None
4) Unbound, except as indicated in the horizontal
section.
c) Reinsurance and
retrocession
(CPC 81299*)1) None
2) None
3) Authorization of the establishment of new
entities is suspended.
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 Banking and other financial
services
(excluding insurance)Financial operations by the Government and
State-owned enterprises are excluded from the
conditions specified in this Schedule; they maycarry out operations through their owndesignated entities.
A requirement for engaging in stock market
transactions is membership of and a
shareholding in the Securities Exchange.TN/S/O/ARG
Page 18Modes of supply: 1)  Cross-border supply 2)  Consumption abroad 3)  Commercial presence 4)  Presence of natural persons
Sector or subsector Limitations on market access Limit ations on national treatm ent Additional commitments
a) Acceptance of deposits and
other repayable funds fromthe public
       (CPC 81115-81119)1) Unbound
2) None3) None
4) Unbound, except as indicated in the horizontal
section.1) Unbound
2) None3) None
4) Unbound, except as indicated in the horizontal
section.
b) Lending of all types,
including, inter alia ,
consumer credit, mortgage
credit, factoring and
financing of commercialtransactions
        (CPC 81113)1) Unbound
2) None3) None
4) Unbound, except as indicated in the horizontal
section.1) Unbound
2) None3) None
4) Unbound, except as indicated in the horizontal
section.
c) Financial leasing
(CPC 8112)1) Unbound
2) None
3) None4) Unbound, except as indicated in the horizontal
section.1) Unbound
2) None
3) None4) Unbound, except as indicated in the horizontal
section.
d) All payment and money
transmission services
(CPC 81339**)1) Unbound
2) None
3) None4) Unbound, except as indicated in the horizontal
section.1) Unbound
2) None
3) None4) Unbound, except as indicated in the horizontal
section.TN/S/O/ARG
Page 19Modes of supply: 1)  Cross-border supply 2)  Consumption abroad 3)  Commercial presence 4)  Presence of natural persons
Sector or subsector Limitations on market access Limit ations on national treatm ent Additional commitments
e) Guarantees and
commitments
       (CPC 81199**)1) Unbound
2) None3) None
4) Unbound, except as indicated in the horizontal
section.1) Unbound
2) None3) None
4) Unbound, except as indicated in the horizontal
section.
f) Trading for own account or
for account of customers,whether on an exchange,
in an over-the-counter
market or otherwise, thefollowing:
-m o n e y  m a r k e t
instruments (cheques,
bills, certificate of
deposits, etc.)
(CPC 81339**)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.
- foreign exchange
(CPC 81333)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.
- derivative products
including, but not
limited to, futures and
options
(CPC 81339**)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.
- exchange rate and
interest rate
instruments, such asswaps, forward rateagreements, etc.
(CPC 81339*)1) Unbound
2) None
3) None4) Unbound, except as indicated in the horizontal
section.1) Unbound
2) None
3) None4) Unbound, except as indicated in the horizontal
section.TN/S/O/ARG
Page 20Modes of supply: 1)  Cross-border supply 2)  Consumption abroad 3)  Commercial presence 4)  Presence of natural persons
Sector or subsector Limitations on market access Limit ations on national treatm ent Additional commitments
- transferable securities
(CPC 81321*)1) Unbound
2) None3) None
4) Unbound, except as indicated in the horizontal
section.1) Unbound
2) None3) None
4) Unbound, except as indicated in the horizontal
section.
- other negotiable
instruments andfinancial assets,
including bullion
(CPC 81339**)1) Unbound
2) None3) None
4) Unbound, except as indicated in the horizontal
section.1) Unbound
2) None3) None
4) Unbound, except as indicated in the horizontal
section.
g) Participation in issues of all
kinds of securities,including underwriting
and placement as agent
(whether publicly orprivately) and
provision of services
related to such issues
(CPC 8132)1) Unbound
2) None3) None
4) Unbound, except as indicated in the horizontal
section.1) Unbound
2) None3) None
4) Unbound, except as indicated in the horizontal
section.
h) Money broking
(CPC 81339**)1) Unbound
2) None3) None4) Unbound, except as indicated in the horizontal
section.1) Unbound
2) None3) None4) Unbound, except as indicated in the horizontal
section.
i) Asset management, such as
cash or portfoliomanagement, all forms ofcollective investment
management, pension fund
management, custodialdepository and trustservices
(CPC 8119** and 81323*)1) Unbound
2) None3) None4) Unbound, except as indicated in the horizontal
section.1) Unbound
2) None3) None4) Unbound, except as indicated in the horizontal
section.TN/S/O/ARG
Page 21Modes of supply: 1)  Cross-border supply 2)  Consumption abroad 3)  Commercial presence 4)  Presence of natural persons
Sector or subsector Limitations on market access Limit ations on national treatm ent Additional commitments
j) Settlement and clearing
services for financialassets, including
securities, derivative
products and othernegotiable instruments(CPC 81339** and81319**)1) Unbound
2) None3) None
4) Unbound, except as indicated in the horizontal
section.1) Unbound
2) None3) None
4) Unbound, except as indicated in the horizontal
section.
k) Advisory and other
auxiliary financial servicesfor all activities listed inArticle 1B ofMTN.TNC/W/50,including credit reference
and analysis, investment
and portfolio research andadvice and advice onacquisitions and oncorporate restructuring andstrategy
         (CPC 8131 or 8133)1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.
l) Provision and transfer of
financial information andfinancial data processingand related software by
providers of other
financial services
(CPC 8131)1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.
New financial services 1) Unbound
2) Unbound
3) Unbound
4) Unbound, except as indicated in the horizontal
section.1) Unbound
2) Unbound
3) None
4) Unbound, except as indicated in the horizontal
section.TN/S/O/ARG
Page 22Modes of supply: 1)  Cross-border supply 2)  Consumption abroad 3)  Commercial presence 4)  Presence of natural persons
Sector or subsector Limitations on market access Limit ations on national treatm ent Additional commitments
9. TOURISM AND
TRAVEL-RELATEDSERVICES
A. Hotels and restaurants
(including catering)(CPC 641/643)1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.
B. Travel agency and tour
operator services
(CPC 7471)1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.
C. Tourist guide services
(CPC 7472)1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.
D. Other 1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.1) None
2) None3) None4) Unbound, except as indicated in the horizontal
section.
__________TN/S/O/ARG
Page 23
ANNEX
Scope
The following are definitions and principles on the regulatory framework for the basic
telecommunications services.
Definitions
Users mean service consumers and service suppliers.
Essential facilities mean the functions and elements of a public telecommunications network
or service that:
(a) are exclusively or predominantly provided by a single or limited number of suppliers;
and
(b) cannot feasibly be economically or technically substituted in order to provide a
service.
A dominant supplier is a supplier which has the ability to materially affect the terms of
participation (having regard to price and supply) in the relevant market for basic telecommunications
services as a result of:
(a) control over essential facilities;  or
(b) use of its position in the market.
1. Competitive safeguards
1.1 Prevention of anti-competitive practices in telecommunications
Appropriate measures shall be maintained for the purpose of preventing suppliers who, alone
or together, are a dominant supplier from engaging in or continuing anti-competitive practices.
1.2 Safeguards
The anti-competitive practices referred to above shall include in particular:(a) engaging in anti-competitive cross-subsidization;(b) using information obtained from competitors with anti-competitive results;  and
(c) not making available to other services suppliers on a timely basis technical
information about essential facilities and commercially relevant information which
are necessary for them to provide services.TN/S/O/ARG
Page 24
2. Interconnection
2.1 This section applies to the access provided between suppliers in order to allow access to
clients, users, services or elements of a network.
2.2 Interconnection to be ensured
Interconnection with a dominant supplier will be ensured at any technically feasible point in
the network.  Such interconnection is provided:
(a) under non-discriminatory terms, conditions (including technical standards and
specifications) and rates and of a quality no less favourable than that provided for its
own like services or for like services of non-affiliated service suppliers or for its
subsidiaries or other affiliates;
(b) in a timely fashion, on terms, conditions (including technical standards and
specifications) and cost-oriented rates that are transparent, reasonable and sufficiently
unbundled so that the supplier need not pay for network components or facilities that
it does not require for the service to be provided.
2.3 Public availability of the procedures for interconnection negotiations
The procedures applicable for interconnection to a dominant supplier will be made publicly
available.
2.4 Transparency of interconnection arrangements
It is ensured that a dominant supplier will make publicly available either its interconnection
agreements or a reference interconnection offer.
2.5 Interconnection:  dispute settlement
A service supplier requesting interconnection with a dominant supplier will have recourse,
either:
(a) at any time, or(b) after a reasonable period of time which has been made publicly known
to an independent domestic body to resolve disputes regarding terms, conditions and rates for
interconnection within a reasonable period of time, to the extent that these have not been established
previously.
3. Universal service
Any Member has the right to define the kind of universal service obligation it wishes to
maintain.  Such obligations will not be regarded as anti-competitive per se , provided they are
administered in a transparent, non-discriminatory and competitively neutral manner and are not more
burdensome than necessary for the kind of universal service defined by the Member.TN/S/O/ARG
Page 25
4. Public availability of licensing criteria
Where a licence is required, the following will be made publicly available:
(a) all the licensing criteria and the period of time normally required to reach a decision
concerning an application for a licence, and
(b) the terms and conditions of individual licences.The reasons for the denial of a licence will be made known to the applicant upon request.
5. Independence of the Regulatory Body
The regulatory body is separate from, and not accountable to, any supplier of basic
telecommunications services. The decisions of and the procedures used by the regulatory body shall
be impartial with respect to all market participants.
6. Allocation and use of scarce resources
Any procedures for the allocation and use of scarce resources, including frequencies, numbers
and rights of way, will be carried out in an objective, transparent and non-discriminatory manner. The
current state of allocated frequency bands will be made publicly available, but detailed identificationof frequencies allocated for specific government uses is not required.
_______________TN/S/O/ARG
Page 26ARGENTINA – LIST OF ARTICLE II (MFN) EXEMPTIONS
Sector or sub-sector Descri ption of measure indicating
its inconsistency with Article IICountries to which the
measure appliesIntended duration Condition s creating the need for
the exemption
2.C.TelecommunicationsservicesThe provision of satellite facilities of
geostationary satellites operatingfixed satellite services will beauthorized under conditions ofreciprocity.All Indefinite Development of domestic satellite
systems.
__________