RESTRICTED
WORLD TRADE WT/SPEC/40
10July1996
ORGANIZATION(96-2696)
Original: English
ACCESSION OFTHE SEPARATE CUSTOMS TERRITORY
OFTAIWAN, PENGHU, KINMEN AND MATSU
Initial Commitments onTrade inServices
Revision
Thefollowing revised draftschedule ofinitial commitments andMFN exemptions listontrade
inservices wasreceived on10June1996 forcirculation tothemembers oftheWorking Party.
_______________WT/SPEC/40
Page2
Revisions
fortheDraft Schedule onTrade inServices
1. TheSeparate Customs Territory ofTaiwan, Penghu, Kinmen andMatsu circulated arevised
conditional offer ofspecific commitments ontrade inservices, modifying thedraft schedule of
1March 1995, soastoreflect theconcerns oftrading partners inourprevious bilateral negotiations.
2. Themajor features ofthechanges inthelatest schedule include:
- Inhorizontal section, astoinvestment, access tothesecurities market ofChinese Taipei is
committed toallforeign investors. Theceilings havebeenraised ontheequity heldbyforeign
investors individually aswellasinaggregate. Astothesojourn offoreigners, theinitial period
forbusiness visitors hasbeenextended from 60daysto90days.
- Forlegal services, thecommitment isadded thatforeigners withspecific qualifications can
beemployed byChinese Taipei 'slawyers.
- Forconsulting services incidental toanimal husbandry, afullcommitment isadded.
- Forplacement andsupply services ofpersonnel, thelimitation onmarket access forestablishing
acommercial presence hasbeendeleted.
- Foraudiovisual services, thequota foreachimported foreign motion picture hasbeenraised;
thetotalnumbers oflocation forscreening asingular motion picture inonemunicipality has
beenraised; thecapital requirement forabusiness toemploy foreigners andtheemployment
quota havebeenlifted.
- Forconstruction andrelated engineering services, therestriction hasbeenlifted thatforeign
technicians employed ineachconstruction siteshallnotexceed 5persons.
- Forwholesale trade services, commitments areadded fortobacco, alcoholic andagricultural
products.
- Foreducational services, animproved offer ismade andthecommitment isclarified by
modifying thedescription ofsector.
- Forconsulting services incidental tonature andlandscape protection, afullcommitment is
made.
- Forfinancial services, thelimitations havebeendeleted onnational treatment forcommercial
presence ofdirect insurance services; the"foreign liability limits" isreplaced with"reserve
requirement" forabanktoengage inforeign exchange business; therestriction hasbeenlifted
thatforeign exchange deposits shallnotbepledged against NewTaiwan Dollar finance; the
limitations havebeendeleted onnational treatment forcommercial presence ofguarantees and
commitments services; thescope ofinstruments trading forownaccount orforaccount of
customers hasbeenexpanded; therestriction hasbeenlifted thatbanks arenotallowed toengage
inshort termbillsunderwriting andcertification business; therestriction hasbeenrelaxed for
requiring one-year waiting period onrepresentative office forforeign securities firms before
establishing abranch.
3. Wereserve therighttocorrect anyerrors, omissions orinaccuracies, ormake modifications
which mayberequired asaresult ofongoing discussion onthescope oftheGATS orinrespect
ofapproaches adopted byourtrading partners totheirschedules aswellastothenature and
extent ofMFN exemptions.WT/SPEC/40
Page3DRAFT SCHEDULE OFTHE SEPARATE CUSTOMS TERRITORY
OFTAIWAN, PENGHU, KINMEN AND MATSU CONCERNING
INITIAL COMMITMENTS ONTRADE INSERVICES
(1May1996)
Notes:
- Theclassification ofsectors isbased onthe1991 provisional Central Product Classification (CPC) oftheUnited Nations Statistical Office, while
theordering reflects theServices Sectoral Classification List(MTN.GNS/W/120 of10July1991). Theappearance ofdouble asterisks (**)against
individual CPClistings indicates thattheservices specified constitutes onlyapartofthetotalrange ofactivities covered bytheCPCconcordance.
- Theentry "Unbound*" means unbound duetolackoftechnical feasibility.WT/SPEC/40
Page4DRAFT SCHEDULE OFTHE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU
CONCERNING INITIAL COMMITMENTS ONTRADE INSERVICES
(1May1996 draft)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
I.HORIZONTAL COMMITMENTS
AllSectors (except as
indicated otherwise inspecific
sectors)Investment
(3)
(a) Foreign business andindividuals
maydirectly invest inChinese
Taipei according tothe"Statute
forInvestment byForeign
Nationals",1unless otherwise
falling intothemeasures of
limitations specified inthespecific
sectors.
(b) Direct purchase ofstocks
investment inChinese Taipei 's
securities market isrestricted to
foreign institutional investors2
,andissubject tothefollowing
limitations:
1Direct equity investment byforeigners under theStatute ofInvestment byForeign Nationals ispermitted tobe100% oftheequity ofacompany.
2"Foreign institutional investor" means thefollowing foreign institutional investors:
a.banks; b.insurance companies; e.assetmanagement institutes; andd.other institutional investors approved bySEC.WT/SPEC/40
Page5THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
I.HORIZONTAL COMMITMENTS
i. anyforeign institutional investor
mayholdupto67.5%ofthetotal
issued stocks ofalisted company;
and
ii. alltheforeign institutional
investors together mayholdupto
1220%ofthetotalissued stocks
ofthatcompany.
Acquiring theRights andInterests in
theLand
(3)
(a) Land inagriculture, forestry,
fishing, pasture, hunting, salt
production, mines maynotbe
transferred, encumbered or
leased toforeigners.WT/SPEC/40
Page6THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
However, foreign investors
mayacquire, transfer, pledge,
andlease mining rights under
the"Statute forInvestment by
Foreign Nationals" witha
special approval ofthe
Executive Yuan.
(b) Foreigners maylease or
purchase landforoffices,
residences, shops andfactories,
churches, schools ofthe
expatriates, chancellery,
facilities ofnon-profit
organizations andgraveyard.
Entry andTemporary Stay ofNatural
Persons
(4) Unbound, except formeasures
concerning theentry and
temporary stayofnatural persons
inthefollowing categories:(4) Unbound except formeasures
concerning thecategories of
natural persons referred toin
themarket access column.WT/SPEC/40
Page7THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
(a) Business visitors mayenter and
stayforaninitial period ofno
more than6090days.
Business visitor being anatural
person whostays inChinese
Taipei without acquiring
remuneration from within Chinese
Taipei andisnotengaged in
making direct saletothegeneral
public, forthepurpose of
participating inbusiness meetings,
business negotiations, the
preparation forestablishing a
commercial presence orother
similar activities.
(b) Intra-corporate Transferees may
enter andstayinChinese Taipei
foraperiod ofnomore than3
years.WT/SPEC/40
Page8THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
Intra-corporate transferee being a
natural person ofanother country
whohasbeenemployed bya
juridical person ofanother country
foraperiod ofnotlessthan1year
andwhoseeks temporary entry to
provide services asaresponsible
person, asenior manager ora
specialist through abranch,
subsidiary oraffiliate established
inChinese Taipei according tothe
"Statute forInvestment byForeign
Nationals".
Aresponsible person means a
board director, thegeneral
manager, abranch manager ora
department headappointed bythe
board withtheauthority tosign
fortheemploying entity.
Asenior manager means aheador
asupervisor whohastheauthority
toappoint orremove thepersonnel
ortomake suchrecommendation,WT/SPEC/40
Page9THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
andhasthepower tomake
decisions overtheday-to-day
operation.
Aspecialist means anatural
person within anorganization who
possesses knowledge atan
advanced levelofexpertise and
whopossesses proprietary
knowledge oftheorganization 's
services, research equipment,
techniques, ormanagement.
(Specialists mayinclude, butare
notlimited to,members of
licensed professions.)
c) Anatural person employed by
business entities inChinese Taipei,
according totheadditional market
access commitments and
limitations scheduled inspecific
sectors orsubsectors through
mode fourofdelivery, mayenter
andstayforaperiod ofnomore
than2years.WT/SPEC/40
Page10THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
1)Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
II. SECTOR-SPECIFIC COMMITMENTS
1. BUSINESS SERVICES
A. Professional Services
a) Legal Services(861**)
i.Legal Services
(limited toqualified
lawyers under the
lawsofChinese
Taipei)(1) Access isrestricted tonatural
persons.
(2) Access isrestricted tonatural
persons.
(3) Access isrestricted tonatural
persons.
Establishment oflawfirminthe
form ofsoleproprietorship or
partnership isrequired.
(4) Unbound except asindicated inthe
horizontal section. Inaddition,
establishment oflawfirminthe
form ofsoleproprietorship or
partnership isrequired.(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.WT/SPEC/40
Page11THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
1)Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
ii. Consultancy onhome
country lawand
international lawin
force inthe
jurisdiction where the
service provider is
qualified asalawyer.
Aservice provider is
required tocooperate
withthelicensed
lawyer inChinese
Taipei oraskfor
his/her opinions inthe
following matters:
-preparation oflegal
documents or
representation as
attorney inmatters
concerning marriage
orparental cases in
which thenational of
Chinese Taipei isa
party.(1) Access isrestricted tonatural
persons.
(2) Access isrestricted tonatural
persons.
(3) Access isrestricted tonatural
persons.
Establishment oflawfirminthe
form ofsoleproprietorship or
partnership isrequired.
(4) Unbound except asindicated inthe
horizontal section. Inaddition:
(a) Establishment oflawfirminthe
form ofsoleproprietorship or
partnership isrequired, except for
theemployment byalicensed
lawyer ofChinese Taipei.
(b) Foreigners whoarecollege
graduates majoring in
law-related subject andhave
law-related working experience
foratleasttwoyears, orwho
have passed thelawyers(1) None.
(2) None.
(3) Unbound except asindicated in
thehorizontal section.
(4) Unbound except asindicated in
thehorizontal section.(3)
(a) Theservice provider is
notpermitted to
employ licensed
lawyers ofChinese
Taipei. The"attorney
offoreign lawaffairs"
mayjointly practice
withthelicensed
lawyers ofChinese
Taipei except inthe
form ofapartnership.
(b) Thefirmname must
indicate thetitleof
"attorney offoreign
lawaffairs" andrefer
tothejurisdiction
where theservice
provider isqualified
asalawyer.
(c) Practice ofthird
country lawisnot
permitted.WT/SPEC/40
Page12THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
1)Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
-Preparation oflegal
documents or
representation as
attorney inthematters
concerning inheritance
inwhich thenational
ofChinese Taipei isa
party ortheestates is
located inChinese
Taipei.
Note fortransparency1examination inanyforeign
country andhave law-related
working experience foratleast
twoyears maybeemployed by
Chinese Taipei lawyers towork
asassistants orconsultants who
shall assist Chinese Taipei
lawyers withtheir professional
knowledge orexperience and
shall notconduct litigation or
provide other legal service under
their ownnames.(d) The"attorney of
foreign lawaffairs" isnot
permitted topractice thelawof
Chinese Taipei.
1Aservice provider mustberecognized bytheMinistry ofJustice as"attorney offoreign lawaffairs" andregister withtheBarAssociation inalocality
where thelawfirmislocated. Theconditions forgranting recognition bytheMinistry ofJustice areafollows.
a. theservice provider isqualified asalawyer inhis/her home country;
b. theservice provider haspractised asaqualified lawyer foratleast5years inhis/her home country. However, theemployment period foraservice
provider whohasbeenemployed bythelawfirms inChinese Taipei asanof-counsel oranassociated isallowed tobetaken intoaccount, uptothe
maximum of2years, forcalculating the5-year period;
c. theservice provider shallhaveadequate practice plans andfinancial resources, andhavecapability forcompensation damages outofhis/her legal
practice; and
d. theservice provider hasnotbeensentenced foroneyearofmore, orsubject tothedisbarment inhis/her home country andisnotdisqualified as
alawyer under thelawsofChinese Taipei.WT/SPEC/40
Page13THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
1)Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
b) Accounting, Auditing
andBookkeeping
Services (862)
i. Certified Public
Accountant (862**)(1) None, except forservices related
toaccountant attestation practice in
Chinese Taipei.(1) None.
(2) None, except forservices related
toaccountant attestation practice in
Chinese Taipei, which canbe
provided onlybythecertified
public accountants ofChinese
Taipei.
(3) Access isrestricted tonatural
persons ascertified public
accountants ofChinese Taipei.
Services shallbeprovided inthe
form ofasolepractitioner ora
jointpractice withothers.
(4) Unbound except asindicated in
thehorizontal section. Inaddition,(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.
aforeigner asacertified public
accountant ofChinese Taipei shall
form aprofessional establishment
toprovide services.WT/SPEC/40
Page14THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
1)Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
ii. Other (excluding
certified public
accountant) (862**)
c) Taxation Services
(863)
i. Income Tax
Certification Services
(863**)(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.
(1) None, except forservices related
toChinese Taipei 'sincome tax
certifications.
(2) None, except forservices related
toChinese Taipei 'sincome tax
certifications, which canonlybe
provided bythenatural person
whohasobtained taxattorney
license ofChinese Taipei.(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.
(1) None.
(2) None.WT/SPEC/40
Page15THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
1)Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
(3) Access isrestricted tonatural
persons astaxattorneys of
Chinese Taipei. Services shallbe
provided intheform ofasole
practitioner orajointpractice with
others.(3) None.
(4) Unbound except asindicated inthe
horizontal section. Inaddition, a
foreigner asalicensed taxattorney
ofChinese Taipei shallform a
professional establishment to
provide services.(4) Unbound except asindicated in
thehorizontal section.
ii. Taxation Services
(excluding income tax
certification services
supplied byatax
attorney) (863**)(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.WT/SPEC/40
Page16THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
1)Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
d),e),f),g)
Architectural Services (8671),
Engineering Services (8672),
Integrated Engineering
Services (8673),
Urban Planning and
Landscape Architectural
Services (8674)
i.Architect
(1) None, except forservices related
tothearchitect certification
practice inChinese Taipei, which
canonlybeprovided bythe
licensed architects ofChinese
Taipei.
(2) None, except forservices related
toarchitect certification practice in
Chinese Taipei, which canonlybe
provided bythelicensed architects
ofChinese Taipei.(1) None.
(2) None.WT/SPEC/40
Page17THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
1)Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
(3) Access isrestricted tonatural
persons aslicensed architects of
Chinese Taipei. Services shallbe
provided byforeigners withthe
architect licenses ofChinese
Taipei intheform ofasole
practitioner orajointpractice with
others.
(4) Unbound except asindicated inthe
horizontal section. Inaddition:
(a) Aforeigner asalicensed architect
ofChinese Taipei shallform a
professional establishment to
provide services.
(b) Alocalarchitect establishment in
Chinese Taipei mayemploy
foreign technicians specialized in
architecture, construction and
related engineering technology.1(4) Unbound except asindicated in
thehorizontal section.
1Theemployed foreigners arerequired tomeetoneofthefollowing qualifications:WT/SPEC/40
Page18THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
1)Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
Thetotalnumbers offoreign
technicians maynotexceed 20
persons andmaynotexceed
one-third ofitstotalemployees.
ii. Professional Engineer (1) None, except forservices related
toprofessional engineer
certification practice inChinese
Taipei, which canonlybe
provided bythelicensed
professional engineers ofChinese
Taipei.
(2) None, except forservices related
toprofessional engineer
certification practice inChinese
Taipei, which canonlybe
provided bythelicensed
professional engineers ofChinese
Taipei.(1) None.
(2) None.WT/SPEC/40
Page19THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
1)Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
(3) Access isrestricted tonatural
persons aslicensed professional
engineers ofChinese Taipei.
Services shallbeprovided by
foreigners withtheprofessional
engineer licenses ofChinese
Taipei intheform ofasole
practitioner orajointpractice with
others.(3) None.
iii. Other (excluding the
architect and
professional engineer
certification services)(4) Unbound except asindicated inthe
horizontal section. Inaddition, a
foreigner asalicensed
professional engineer shallform a
professional establishment to
provide services.
(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.(4) Unbound except asindicated in
thehorizontal section.
(1) None
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.WT/SPEC/40
Page20THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
1)Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
i) Veterinary Services
(932)(1) None, except forservices related
totheprescription, diagnosis and
examination which shallbe
provided bythelicensed
veterinarian ofChinese Taipei
withpractice permit from Chinese
Taipei.
(2) None.(1) None.
(2) None.
(3)
(a) Access isrestricted tonatural
persons aslicensed veterinarians
orlicensed veterinary assistants of
Chinese Taipei forming anoffice
andbeing amember ofthe
professional association.
(b) Veterinary assistant shallalsomeet
oneofthefollowing requirements
withverification documents:
i. practising asaveterinarian
assistant foratleast4years; or
ii. undertaking veterinary-related
works foratleast5years.(3) None.WT/SPEC/40
Page21THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
1)Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
(4) Unbound except asindicated inthe
horizontal section. Inaddition, a
foreigner asalicensed veterinarian
oralicensed veterinarian assistant
ofChinese Taipei shallform a
professional establishment to
provide services.(4) Unbound except asindicated in
thehorizontal section.
B. Computer andRelated
Services (excluding
thecomputer airline
reservation system
services)
(841, 842,843,844,
845,849)(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.
C. Research and
Development Services
(851, 852,853)(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.WT/SPEC/40
Page22THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
1)Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
D. RealEstate Services
Services Incidental to
Residential and
Non-residential
Buildings andLand
Sales Agents
(82203**, 82205**)
E. Rental/leasing Services
without Operators
b) Concerning Aircraft
(excluding
cabotage)(83104**)
d) Concerning Other
Machinery and
Equipment (83106
-83109)
e) Other (832)(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.
(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.
(1) None
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.
(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.
(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.
(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.
(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.WT/SPEC/40
Page23THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
1)Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
F. Other Business
Services
a) Advertising Services
i. TVandRadio
Advertising Services
(thebusinesses
producing or
broadcasting/
screening
advertisements forTV
orradio.) (871**)(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.
Inaddition:
(a) TheTVandradio advertising
services businesses mayemploy
foreigners inoneofthefollowing
situations:
i. thebusiness hasbeenestablished
formore thanoneyear;
ii. thepaid-in capital ofthebusiness
ismore thanfivemillion New
Taiwan dollars, albeit ithasbeen
established forlessthanoneyear.
(b) Foreigners employed bythe
business maynotexceed 10%of
itstotalemployees.(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.WT/SPEC/40
Page24THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
1)Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
ii. Other Advertising
Services (871**)(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.
b) Market Research and
Public Opinion Polling
Services (864)
c) Management
Consulting Services
(865)(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.
(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.
(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated
inthehorizontal section.
d) Services Related to
Management
Consulting (866)(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.WT/SPEC/40
Page25THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
1)Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
e) Technical Testing and
Analysis Services
(8676)
f) Consulting Services
Incidental to
Agriculture ,Animal
Husbandry and
Forestry (88110**,
88120** ,88140**)(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.
(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.
(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.
h) Services Incidental to
Mining (883,5115)
i) Services Incidental to
Manufacturing
(excluding CPC 88442
publishing and
printing) (884**, 885)(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.
(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.
(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.WT/SPEC/40
Page26THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
1)Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
k) Placement andSupply
Services ofPersonnel
(872)(1) Unbound.
(2) None.
(3) Aforeign supplier mayonly
establish thebranch inChinese
Taipei. None.
(4) Unbound except asindicated inthe
horizontal section.(1) Unbound.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.
m) Engineering Related
Scientific and
Technical Consulting
Services (8675)
n) Maintenance and
Repair ofEquipment
(633, 8861-8866)
(excluding maritime
vessels, aircraft and
other transport
equipment)(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.
(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.
(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.WT/SPEC/40
Page27THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
1)Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
o) Building-cleaning
Services (874)(1) Unbound*.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.(1) Unbound*.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.
p)Photographic Services
(875)
q) Packaging
Services(876)(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.
(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.
(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.WT/SPEC/40
Page28THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
1)Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
r) Publishing Services
(88442**)(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section. Inaddition:
(a) Thepublishing business may
employ theforeigners inoneof
thefollowing situations:
i. thebusiness hasbeenestablished
formore thanoneyear;(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section. In
addition, residence inChinese
Taipei isrequired fora
publisher andaneditor.
ii. thepaid-in capital ofthebusiness
ismore thanfivemillion New
Taiwan dollars, albeit ithasbeen
established forlessthanoneyear.
(b) Thebusiness mayemploy
foreigners upto10%ofitstotal
employees.WT/SPEC/40
Page29THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
1)Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
s) Convention Services
(87909*)
* Activities of
establishments
engaged inprovision
of
planning,organizing,
managing andmarking
services for
conventions and
similar events
(including catering and
beverage service)(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.
.
t) Other
i.Telephone
Answering Services
(87903)(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.WT/SPEC/40
Page30THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
1)Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
ii. Duplicating Services
(87904)
iii. Translation and
Interpretation
Services (87905)(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.
(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.
(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.
iv. Mailing List
Compilation and
Mailing Services
(87906)
v. Specialty Design
Services (87907)(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.
(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.
(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.WT/SPEC/40
Page31THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
1)Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
2. COMMUNICATION SERVICES
B. Land-based
International Courier
Services (7512**)
(excluding courier
services involving any
prior orsubsequent
movement byair,and
excluding letters,
postal cards orother
papers having the
nature of
correspondence)
C. Telecommunication
Services (limited to
value-added services)
-h) Electronic Mail
(7523**)
-i) Voice Mail
(7523**)(1) None.
(2) None.
(3) None, except forinland
transportation services. However,
abranch office offoreign freight
forwarder canuseself-owned
trucks toprovide necessary
services.
(4) Unbound except asindicated inthe
horizontal section.
(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.
(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.WT/SPEC/40
Page32THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
1)Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
-j) On-line Information &
DataBaseRetrieval
(7523**)
-k) Electronic Data
Interchange (EDI)
(7523**)
-l) Enhanced/Value-
Added Facsimile
Services, Including
Store andForward,
Store andRetrieve
(7523**)
-m) Code andProtocol
Conversion Services
-n) On-line Information
and/or Data
Processing (843**)
-o) Others
-Remote Transactions
-Electronic Bulletin
Board
-Word Processing and
EditingWT/SPEC/40
Page33THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
1)Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
D. Audiovisual Services
a)
i. Video Tape
Production and
Distribution Services
(excluding motion
picture production and
distribution services)
(9611**)(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.
Inaddition:
(a) Thebusiness mayemploy
foreigners inoneofthefollowing
situations:
i. thebusiness hasbeenestablished
formore thanoneyear;
ii. thepaid-in capital ofthebusiness
ismore thanfivemillion New
Taiwan dollars, albeit ithasbeen
established forlessthanoneyear.
(b) Foreigners employed bythe
business maynotexceed 10%of
itstotalemployees.(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.WT/SPEC/40
Page34THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
1)Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
ii. Motion Picture
Production and
Distribution Services
(excluding video tape
production and
distribution services)
(9611**)(1) None.
(2) None.
(3) None, except thateachforeign
motion picture imported is
restricted toamaximum of2428
duplicates (copies).
(4) Unbound except asindicated in
thehorizontal section. Inaddition:
(a) Thebusinesses ofmotion picture
production anddistribution may
employ foreigners inoneofthe
following situations:
i. thebusiness hasbeenestablished
formore thanoneyear;(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.
ii. thepaid-in capital ofthebusiness
ismore thanfivemillion New
Taiwan dollars, albeit ithasbeen
established forlessthanoneyear.
(b) Foreigners employed bythe
business maynotexceed 10%of
itstotalemployees.WT/SPEC/40
Page35THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
1)Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
b) Motion Picture
Projection Services
(96121)(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section. Inaddition:
(a) Thebusinesses ofmotion picture
projection service mayemploy
foreigners inoneofthefollowing
situations:
i. thebusiness hasbeenestablished
formore thanoneyear, or
ii. thepaid-in capital ismore than
fivemillion NewTaiwan dollars,
albeit thebusiness hasbeen
established forlessthanoneyear.
(b) Foreigners employed bythe
business maynotexceed 10%of
itstotalemployees.(1) None.
(2) None.
(3) Thetotalnumbers oflocation
forscreening asingular motion
picture maynotexceed 911in
onemunicipality andnot
exceed 6inonecounty (city).
(4) Unbound except asindicated in
thehorizontal section.WT/SPEC/40
Page36THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
1)Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
c) Radio andTelevision
Services (9613)(1) None.
(2) None.
(3) Unbound.
(4) Unbound except asindicated inthe
horizontal section. Inaddition:(1) Atleast70%oftheradio and
television programs shallbe
produced bytheprogram
suppliers ofChinese Taipei.
(2) None.
(3)
(a) Atleast70%oftheradio and
television programs shallbe
produced bytheprogram
suppliers ofChinese Taipei.
(b) Transferees inthestock
transactions oftheradio and
television business shall
exclude:
i. thebusiness established without
registration under thelawsof
Chinese Taipei; and
ii. thebusiness without operation
office inChinese Taipei.
(4) Unbound except asindicated in
thehorizontal section. In
addition, atransferee intheWT/SPEC/40
Page37THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
1)Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
(a) Theradio andtelevision
broadcasting businesses may
employ foreigners inoneofthe
following situations:
i. thebusiness hasbeen
established formore than
oneyear;
ii. thepaid-in capital ofthe
radio broadcasting station
ismore than fiftymillion
NewTaiwan dollars, the
paid-in capital ofthe
television broadcasting
station ismore thanthree
hundred million New
Taiwan dollars, albeit it
hasbeenestablished for
lessthanoneyear.
(b) Foreigners employed bythe
business maynotexceed 10%of
itstotalemployees. However,
radio broadcasting business using
foreign language(s) mayapply to
theGovernment Information
Office forahigher percentage of
foreign employees based ontheir
needs.stock transaction ofradio and
television business isrequired
tobethenational witha
domicile residing inChinese
Taipei.WT/SPEC/40
Page38THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
1)Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
3. CONSTRUCTION
AND RELATED
ENGINEERING
SERVICES (511-518)(1) Unbound*.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section. Inaddition, a
construction business mayemploy
foreign architects andconstruction
technicians whomeetcertain
qualification requirements.1
Foreign technicians employed in
eachconstruction siteshallnot
exceed 5persons, andtThetotal
foreign technical employees shall
notexceed one-third ofthe
business 'totalemployees.(1) Unbound*.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.
1Theemployed foreigners arerequired tomeetoneofthefollowing qualifications:
a.graduation from related departments inacollege andhaving experience inrelated technical works formore than2years;
b.graduation from related departments inanadvanced vocational school andhaving experience inrelated technical works formore than5years; or
c.having taken vocational training courses orhaving special skill, andhaving theproof ofexperience inrelated technical works formore than5years.WT/SPEC/40
Page39THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
1)Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
DISTRIBUTION SERVICES
A. Commission Agents '
Services (621)
B. Wholesale Trade
Services (excluding
agricultural product,
tobacco andalcoholic
products, firearms and
military equipment,
andchemicals) (622)
a) tobacco andalcoholic
products(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.
(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.
(1) Unbound*.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.
(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.
(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated
inthehorizontal section.WT/SPEC/40
Page40THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
1)Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
b) Agricultural products
(excluding rices)
C. Retailing Services
(631, 632,6111,
6113, 6121)
(excluding firearms
andmilitary
equipment, and
chemicals)
D. Franchising (8929)(1) None.
(2) None.
(3) None, except forthe
establishment ofawholesale
market fortheexchange of
agricultural products.
(4) Unbound except asindicated in
thehorizontal section.
(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.
(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.(1) None.
(2) None.
(3) None, except forthe
establishment ofawholesale
market fortheexchange of
agricultural products.
(4) Unbound except asindicated
inthehorizontal section.
(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.
(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.WT/SPEC/40
Page41THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
1)Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
5. EDUCATION SERVICES
E. Other Education
Services (9290**)
-overseas studies
services
-student placement
services foroverseas
studies (excluding
acting asanagent for
charging tuition and
fees)(1) None.
(2) None.
(3) None. however thefollowing
activities arenotallowed tobe
taken inChinese Taipei:
i. advertising forrecruiting students;
ii. conducting interviewing, screening
orother activities forstudent
admission;
iii. charging tuition andfees;
iv. offering courses.
(4) Unbound except asindicated inthe
horizontal section.(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.WT/SPEC/40
Page42THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
1)Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
6. ENVIRONMENTAL SERVICES
A. Sewage Services
(9401); Refuse
Disposal
Services(9402);
Sanitation andSimilar
Services (9403);
Others (9404, 9405,
9409)
B. Consulting Services
Incidental toNature
andLandscape
Protection (9406**)(1) Unbound*.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.
(1) Unbound*. None.
(2) None.
(3) Unbound. None.
(4) Unbound except asindicated inthe
horizontal section.(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.
(1) None.
(2) None.
(3) Unbound. None.
(4) Unbound except asindicated in
thehorizontal section.WT/SPEC/40
Page43THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
7.FINANCIAL SERVICES
A. Insurance and
Insurance Related
Services
a) Direct Insurance:
i. LifeInsurance
Services and
ii. Non-life Insurance
Services(1) Unbound, except formaritime
shipping andcommercial aviation
insurance.
(2) Unbound.
(3)
(a) Allrateformulas, policy clauses,
insurance application forms and
relevant materials prescribed by
theMinistry ofFinance (MOF)
andamendment thereof aresubject
totheapproval oftheMOF. But
foraninsurance contract which is
international innature andspecial
circumstances, alltheabove-
mentioned information shallbe
submitted totheMOF for
recordation beforehand.(1) None.
(2) Unbound.
(3) None. Foreign insurer can
apply forsetting upbranch
offices tooperate insurance
business inChinese Taipei
withthefollowing
qualifications:
i. Thepaid-in capital is
equivalent toNT$onebillion
ormore.
ii. Networth isequivalent toNT$
twobillion ormore.WT/SPEC/40
Page44THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
(b) Theorganization form ofan
insurance enterprise isrestricted to
thatofacompany limited by
shares .
(4) Unbound except asindicated inthe
horizontal section.iii. Operation oftheapplied
insurance business hasbeen
overfiveyears.
iv. Inthelastthree years before
application, thebusiness results
havebeengraded asfirstrank
bythereputable insurance
commentary organization
which isrecognized bythe
MOF.
(4) Unbound except asindicated in
thehorizontal section.
b) Reinsurance and
Retrocession Service(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.WT/SPEC/40
Page45THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
c) Insurance Intermediary
Services (including
agent, broker, adjuster
andinsurance
canvasser services)(1) Unbound.
(2) Unbound.
(3)
(a) Theforeign insurance agent,
broker, andadjuster companies
maysetupbranch offices to
operate thesame kindofbusiness
thattheyhaveoperated intheir
home countries overfiveyears,
subject totheapproval ofthe
MOF.
(b) Except marine adjusters, all
foreign agents, brokers, and
adjusters whohavesetupbranch
offices inChinese Taipei must
employ atleastoneindividual who
hassecured aChinese Taipei 's
agent, broker, oradjuster license.(1) Unbound.
(2) Unbound.
(3) None.WT/SPEC/40
Page46THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
d) Insurance Auxiliary
Services (including
claim settlement,
actuarial services)(4) Unbound except asindicated inthe
horizontal section. Inaddition, one
whohasobtained anagent, broker,
andadjuster qualification
certificate maynotpractice
business inthename ofindividual.
(1) Unbound.
(2) Unbound.
(3) Unbound.
(4) Unbound except asindicated inthe
horizontal section.(4) Unbound except asindicated in
thehorizontal section.
(1) None.
(2) None.
(3) Unbound.
(4) Unbound except asindicated in
thehorizontal section.WT/SPEC/40
Page47THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
B. Banking andOther
Financial Services
(excluding insurance,
securities andfutures)
Allservices listed in
thissubsector(1) Unbound.
(2) Unbound.
(3)
(a) Provision ofbanking services,
listed inthissubsector, through
thecommercial presence in
Chinese Taipei shallbelimited to
theestablishment ofthefollowing
institutions: commercial banks,
branches offoreign banks,
offshore banking branches of
banks, foreign exchange brokerage
firms, credit cardinstitutions and
billsfinance companies.(1) Unbound.
(2) Unbound.
(3) Unbound withrespect to
subsidies.WT/SPEC/40
Page48THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
(b) Afinancial institution orthe
branch office ofaforeign financial
institution shallbeinaccordance
withtheminimum capital
requirement ortheminimum
inward-remittance operating capital
requirement.
(c) Thefollowing financial institutions
incorporated inChinese Taipei
shallbecompanies limited by
shares: banks, billsfinance
companies andforeign exchange
brokerage firms.
(d) Commercial Banks:
i. anysingle person shallnot
holdshares inabankin
excess of5%ofthetotal
issued shares ofthebank,
norshallpersons related to
theshareholder holdshares
inexcess of15%inthe
aggregate, unless the
approval oftheMOF has
beenobtained.WT/SPEC/40
Page49THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
ii. Abanklicensed toengage
inforeign exchange
business issubject to
reserve requirement for
foreign liability limits and
foreign exchange over-sold
andover-bought limits
based onitsrelated
business volume.
iii. Unless otherwise provided
bylaw,noentity other
thanabankshallcarry on
thebusiness ofacceptance
ofdeposits, management
oftrustfundand
customers 'property, and
theremittance services for
domestic andforeign
currencies.
(e) Branches ofForeign Banks:
i. Aforeign bankmayapply
toestablish itsfirstbranch
inChinese Taipei when it
meets the
prior-business-activity
test,or rankamong thetop
fiveWT/SPEC/40
Page50THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
hundred banks inthe
world byassets orcapital.
Theprior-business-activity
testrequires thataforeign
bankshould haveatotal
business volume ofatleast
US$1 billion withthe
banks andmajor
enterprises ofChinese
Taipei intheprevious
three calendar years, of
which there shallhave
beenatotalamount ofnot
lessthanUS$180 million
granted asmedium- or
long-term credits.
ii. Aforeign bankmayapply
toestablish additional
branches 2years afterthe
establishment ofitsfirst
branch.
(f) Offshore Banking Branches of
Banks:WT/SPEC/40
Page51THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
i. Anoffshore banking
branch maynotconduct
transaction orexchange
business between foreign
currencies andNew
Taiwan dollars, andalso
maynotengage indirect
investment incompany
stocks orrealestate.
ii. Customers ofoffshore
banking branches are
limited tonon- residents
andauthorized foreign
exchange banks.
(g) Trust Investment Companies:
Newentry isprohibited; foreign
investment ceiling is40%ina
company.
(h) Foreign exchange brokerage firms:
Investment inaforeign exchange
brokerage firmissubject tothe
following restrictions:
i. individual oraggregate
investment byforeign
money brokerage firms is
limited to50%ofthe
ownership share.WT/SPEC/40
Page52THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
ii. investment byeach
domestic orforeign
financial institution is
limited to10%ofthe
ownership share.
iii. investment byeach
domestic orforeign party
other than financial
institutions islimited to
20%oftheownership
share.
a) Acceptance ofdeposits
andother repayable
fund(4) Unbound except asindicated inthe
horizontal section.
(3) Acceptance offoreign exchange
checking account deposits and
issuance offoreign exchange
negotiable certificates oftime
deposit arenotallowed. Foreign
exchange deposits shallnotbe
pledged against NewTaiwan dollar
finance.
Offshore banking branches
accepting foreign exchange
deposits maynot:(4) Unbound except asindicated in
thehorizontal section.
(3) NewTaiwan dollar deposits
taken bybranches ofaforeign
bankmaynotexceed 15times
ofitsremitted-in working
capital, unless theremitted-in
working capital ofitsfirst
branch reaches 150million
NewTaiwan dollars and120
million NewTaiwan dollars
foreachsubsequent branch.WT/SPEC/40
Page53THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
b) Lending ofalltypes(a) accept foreign currency cash
deposits;
(b) permit thewithdrawal offoreign
exchange deposits inNewTaiwan
dollars.
(3)
(a) Foreign banks aresubject toper
client foreign currency credit
extension limitof25%ofthenet
worth oftheirheadoffice; andper
client NewTaiwan dollar credit
extension limitof10%ofthetotal
balance ofNewTaiwan dollars
credit extension oronebillion
NewTaiwan dollars, whichever is
higher.
(b) Short-term Fforeign currency
financing isonlyavailable forall
export-and import-related
underlying transactions only.(3) None.WT/SPEC/40
Page54THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
(c) Theborrowers offoreign currency
loans arelimited todomestic
enterprises andindividuals.
Foreign currency loans arenot
allowed tobeconverted intoNew
Taiwan dollars.
c) Financial leasing
d) Payment andmoney
transmission services
e) Guarantees and
commitments(3) None.
(3)
(a) Provision ofcredit cardservices
requires theprior approval ofthe
MOF.
(b) Thecollection offoreign credit
cardbillsforgoods andservices
consumed inChinese Taipei shall
beundertaken onlybyauthorized
foreign exchange banks ofChinese
Taipei.
(3) Foreign banks aresubject toper
client foreign currency credit
extension limitof25%ofthenet
worth oftheirheadoffice; andper
client NewTaiwan dollar credit(3) None.
(3) None.
(3) Thebalance ofcommercial
paper guaranteed bybranches
ofaforeign bankmaynot
exceed 10times oftheirnet
worth. None.WT/SPEC/40
Page55THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
f) Trading forown
account orforaccount
ofcustomers inthe
following instruments:
-Money market
instruments
-Foreign exchange
-Bullion
-Derivative
products not
traded onthe
exchange
markets and
limited tothose
approved, such
ascurrency
options,extension limitof10%ofthetotal
balance ofNewTaiwan dollars
credit extension oronebillion
NewTaiwan dollars, whichever is
higher.
Guarantees offoreign currency
guarantee business arelimited to
domestic enterprises and
individuals.
(3) Theauthorized foreign exchange
banks when engaging inforward
exchange business shall:
(a) limittheirforeign exchange
transactions tothose thatare
related topayments forcommodity
andservice transactions,
(b) require margin deposits in
proportion toforward exchange
contract value, and
(c) limittheirforward exchange
contract tothose withterms notto
exceed 180days.
Branches offoreign banks arenot
allowed toinvest incorporate
stocks.(3) None.WT/SPEC/40
Page56THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
interest rateoptions,
FXswaps, cross
currency swaps,
interest rateswaps,
forward rate
agreements and
margin trading
g) Participation inthe
issue ofshort-term
bills
h) Money broking
i) Trust service
k) Provision andtransfer
offinancial
information, and
financial data
processing andrelated
software bysuppliers
ofother financial
services(3) Banks arenotallowed toengage in
short termbillsunderwriting and
certification business. None.
(3) Foreign exchange brokerage firms
arenotallowed toengage in
broking business ofNewTaiwan
dollar money market.
(3) Banks arenotallowed toreceive
trustfundofwhich theprincipal or
interest isguaranteed.
(3) None, except asindicated in
telecommunication services sector.(3) None.
(3) None.
(3) None.
(3) None, except asindicated in
telecommunication services
sector.WT/SPEC/40
Page57THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
C. Securities andFutures
f) Trading forown
account orforaccount
ofcustomers, whether
onanexchange, inan
over-the-counter
market orotherwise,
inthefollowing
instruments:
-derivative products
including, butnot
limited to,futures and
options
-transferable securities(1) Unbound.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.
(1) Unbound.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.(1) Unbound.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.
(1) Unbound.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.WT/SPEC/40
Page58THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
g) Participation inissues
ofallkinds of
securities, including
underwriting and
placements agent
(whether publicly or
privately) and
provision ofservices
related tosuchissues(1) Unbound.
(2) None.
(3) Securities business onlyinclude
brokerage, underwriting, and
dealership.
(4) Unbound except asindicated inthe
horizontal section.(1) Unbound.
(2) Foreign underwriters
undertaking offshore securities
offering ofacompany
incorporated inChinese Taipei
shallprovide theduediligence
report assisted bytheChinese
Taipei 'sunderwriters.
(3) Unless establishing a
representative office inChinese
Taipei foraperiod notless
thanoneyear, aforeign
securities firmisnotallowed
tosetupbranch operation in
Chinese Taipei. None.
(4) Unbound except asindicated in
thehorizontal section.WT/SPEC/40
Page59THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
i) Asset management,
suchascashor
portfolio management,
allforms ofcollective
investment
management, pension
fundmanagement,
custodial, depository
andtrustservices(1) Unbound.
(2) None.
(3) Securities investment trust
enterprises:
(a) Equity interest inacompany held
byasingle party share holder
anditsorrelated parties issubject
totheaceiling limitation of25%
except forthose whomeet
certain qualifications asstated in
Article 5oftheRegulations.
Banks allowed tobepromoters of
securities investment trust
enterprises arelimited tothose
with5years experiences in
international finance, securities or
trustbusiness, andranked among
top500intheworld interms of
itscapital orassets.(1) Unbound.
(2) None.
(3) Securities investment trust
enterprises: Atleast20%
persons ofthepromoters are
fund-management institutions
orbanks which meetspecific
qualifications orlifeinsurance
companies with5years
experiences in
fund-management, andthe
application shallbefiledbya
qualified fund-management
institution. None.WT/SPEC/40
Page60THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
(b) Atleast20%oftheequity
holding should come from
promoters whomeet certain
qualifications asstated inArticle
5.
(c) Qualifications ofArticle 5
include:
i. fund management
institutions, banks or
insurance companies with
atleast3yearhistory
andhave notbeen
subject toanyjudicial
conviction inthepast3
yearsWT/SPEC/40
Page61THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
ii. fund management
institutions should also
meet thefollowing
qualifications:
international securities
investment experience; at
leastNTD 65billion of
mutual fund, unittrust,
orinvestment trust under
management (assets
managed byits50%plus
holding subsidiaries
included)WT/SPEC/40
Page62THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
iii. banks should alsomeet
thefollowing
qualifications:
international financing,
securities ortrust
experience; ranked
among top1000 ofworld
banks interms ofassets
ornetworth
iv. insurance companies
should alsomeet the
following qualifications:
insurance fund
management experience;
holding atleastNTD 8
billion securities assets.WT/SPEC/40
Page63THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
j) Settlement and
clearing services for
financial assets,
including securities,
derivative products,
andother negotiable
instrumentsSecurities depository
enterprises:Only onesecurities
depository canbeestablished for
onestock market (exchange).1
(4) Unbound except asindicated inthe
horizontal sections.
(1) Unbound except thatdomestic
securities issuers maymake
settlement andclearance through
Euroclear, Cedal CEDAL orDTC
(Depository Trust Company).
(2) None.(4) Unbound except asindicated in
thehorizontal sections.
(1) Unbound.
(2) None.
1Banks permitted bytheBureau ofMonetary Affairs toengage inthecustodial business areallowed toprovide suchservice forcollective investment
funds.WT/SPEC/40
Page64THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
k) Provision andtransfer
offinancial
information, and
financial data
processing andrelated
software byproviders
ofother financial
services(3) Only securities exchanges andthe
securities depository enterprises
entrusted bythesecurities
exchanges canprovide securities
settlement andclearing services.
Securities depository enterprises:
Only onesecurities depository can
beestablished inoneexchange.
(4) Unbound except asindicated inthe
horizontal section.
(1) None.
(2) None.
(3) None, except asindicated in
telecommunication services sector.
(4) Unbound except asindicated inthe
horizontal section.(3) None.
(4) Unbound except asindicated in
thehorizontal section.
(1) None.
(2) None.
(3) None, except asindicated in
telecommunication services
sector.
(4) Unbound except asindicated in
thehorizontal section.WT/SPEC/40
Page65THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
l) Advisory1,
intermediation and
other auxiliary
financial services
(limited tothe
activities listed inthe
Securities and
Exchange Law)(1) Unbound.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.(1) Unbound.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.
Remarks: Banks allowed todosecurities orfutures business aresubject torelevant securities orfutures lawsandregulations inaddition tothe
aforementioned non-discriminatory limitation imposed forprudential reasons.
1Theservices of"Advisory" shallbeprovided bythesecurities consulting enterprises inthefollowing categories:
a.accepting assignment ofproviding forresearches, analyses andadvises relating tosecurities investments:
b.issuing publications relating tosecurities investments;
c.hosting seminars relating tosecurities investments; and
d.providing other services relating tosecurities investments which havebeenapproved bytheSEC.WT/SPEC/40
Page66THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
9. TOURISM AND TRAVEL RELATED SERVICES
A. Hotels andRestaurants
(include catering)
a) Hotel (limited to
tourist hotel)
(excluding foodand
beverage serving
services) (64110**)
b) Hotels (limited to
regular hotel)
(64110**)
c) Food serving services
(642)(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.
(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.
(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.
(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
horizontal section.
(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
horizontal section.WT/SPEC/40
Page67THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
B. Travel Agencies and
Tour Operators
Services (7471)(1) None.
(2) None.
(3) None
(4) Unbound except asindicated inthe
horizontal section.(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.
C. Tourist Guides
Services (7472)(1) Unbound.
(2) None.
(3) Unbound except fortheprovision
ofsuchservices byatravel agency
oratouroperator.
(4) Unbound except asindicated inthe
horizontal section. Inaddition, a
foreigner whointends tobea
travel guide shallpassthe
examination andthetraining held
bythecompetent authority
entrusted bytheTourism Bureau.(1) Unbound.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section. In
addition, aforeigner canapply
forthetravel-guide
examination onlyifhehas
obtained thealienresident
certificate andhasresided for
more thansixmonths.WT/SPEC/40
Page68THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
10. RECREATIONAL, CULTURAL AND SPORTING SERVICES (OTHER THAN AUDIOVISUAL SERVICES)
B. News Agency Services
(962)(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section. Inaddition: (a)
Thenews agency business may employ
foreigners inoneofthefollowing
situations:
i. thebusiness hasbeen
established formore than
oneyear;
ii. thepaid-in capital ofthe
business ismore thanfive
million NewTaiwan
dollars, albeit ithasbeen
established forlessthan
oneyear.
(b) Foreigners employed bythe
business maynotexceed 10%of
itstotalemployees ofthebusiness.(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section. In
addition, residence inChinese
Taipei isrequired fora
publisher andaneditor.WT/SPEC/40
Page69THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
11. TRANSPORT SERVICES
C. AirTransport
Services1
a) Maintenance and
repair ofaircraft(1) Unbound*.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.(1) Unbound*.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.
b) Selling andmarketing
ofairtransport
services(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
horizontal section.
c) Computer reservation
system(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.
1Asdefined intheAnnex onAirTransport Services.WT/SPEC/40
Page70THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
d) Airfreight
forwarding services
(7480**)(1) None.
(2) None.
(3) None, except thattheequity
holdings byforeigners ofa
company maynotexceed
one-third oftheequity andthat
thenumber offoreigners as
directors inacompany maynot
exceed one-third oftheboard.
(4) Unbound except asindicated in
thehorizontal section.(1) None.
(2) None.
(3) None, except thattheequity
holdings byforeigners ofa
company maynotexceed
one-third oftheequity and
thatthenumber offoreigners
asdirectors inacompany
maynotexceed one-third of
theboard.
(4) Unbound except asindicated
inthehorizontal section.WT/SPEC/40
Page71THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
E. RailTransport
Services
a) Passenger
transportation (7111 )(1) Unbound*.
(2) None.
(3) Unbound.
(4) Unbound except asindicated inthe
horizontal section.(1) Unbound*.
(2) None.
(3) Unbound.
(4) Unbound except asindicated in
thehorizontal section.
b) Freight transportation
(7112)(1) Unbound*.
(2) None.
(3) Unbound.
(4) Unbound except asindicated inthe
horizontal section.(1) Unbound*.
(2) None.
(3) Unbound.
(4) Unbound except asindicated in
thehorizontal section.
d) Maintenance and
repair ofrailtransport
equipment (8868**)(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated inthe
horizontal section.(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.WT/SPEC/40
Page72THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU (continued)
Modes ofsupply: 1)Cross-border supply 2)Consumption abroad 3)Commercial presence 4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
F. Road Transport
Services
a) Passenger
transportation (7121,
7122)(1) Unbound*.
(2) None.
(3) Unbound.
(4) Unbound except asindicated inthe
horizontal section.(1) Unbound*.
(2) None.
(3) Unbound.
(4) Unbound except asindicated in
thehorizontal section.
b) Import andexport of
containerized freight
(thathasanorigin or
destination outside of
Chinese Taipei)
(71233**)(1) Unbound*.
(2) None.
(3) Unbound, except forthebranch of
atransport operator tooperate
withmotor vehicles intheinland
freight transportation of
containerized cargoes forimports
orexports.
(4) Unbound except asindicated inthe
horizontal section.(1) Unbound*.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.
d) Maintenance and
repair ofroad
transport equipment
(6112, 8867)(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated in
thehorizontal section.(1) None.
(2) None.
(3) None.
(4) Unbound except asindicated
inthehorizontal section.WT/SPEC/40
Page73DRAFT MFN EXEMPTIONS LIST OF
THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU
(1May1996 draft)WT/SPEC/40
Page74DRAFT MFN EXEMPTIONS LIST OF
THE SEPARATE CUSTOMS TERRITORY OFTAIWAN, PENGHU, KINMEN AND MATSU
(1May1996 draft)
Sector orsubsector Description ofmeasure indicating its
inconsistency withArticle IICountries towhich the
measure appliesIntended
durationConditions creating the
need fortheexemption
ALL SECTORS
Acquiring theRights andInterests in
Lands
Foreign nationals orentities arenot
permitted toacquire therights and
interest inlands, iftheirhome countries
donotgrant reciprocal treatment to
nationals orlegalentities ofChinese
Taipei.Allcountries. Indefinite. Reciprocity.