RESTRICTED  
  
WT/ACC/SPEC/LBR/6/Rev.1  
 
28 July 2015  
(15-3904)  Page: 1/21  
Working Party on the 
Accession of Liberia  Original: English  
 
 ACCESSION OF LIBERIA 
DRAFT SCHEDULE OF SPECIFIC COMMITMENTS ON TRADE IN SERVICES 
DRAFT LIST OF ARTICLE II MFN EXEMPTIONS 
Revision 
The Schedule of Specific Commitments on Trade in Services resulting from the negotiations 
between Liberia and WTO Members will be annexed to  the Protocol on the Accession of Liberia.   
The draft Schedule is reproduced hereunder.  
 
 
 
_______________ 
 
  
  WT/ACC/SPEC/LBR/6 /Rev.1  
 
- 2 - Modes of supply:  (1) Cross-Border supply  (2) Consumption abroad  (3) Commercial Presence (4) Presence of natural persons 
Sector or sub-sector Limitations on market access Limitations on national treatment Additional commitments 
I. HORIZONTAL COMMITMENTS (A PPLICABLE TO ALL SECTORS INCLUDED TO THIS SCHEDULE) 
Land ownership  Foreigners have the right to lease 
only, but not to own land in the Republic of Liberia.   
Subsidies, investment incentives and other 
state support measures  (1), (2), (3), (4) Unbound with respect to 
subsidies, investment incentives, and other state support measures , eligibility for which may be limited to particular regions, categories of persons, or enterprises.  
Commercial presence  (3) Foreign firms may be required to 
train and upgrade the technical and management skills of local employees. 
 (3) Tax measures, generally pertaining 
to small and medium enterprises may result in a difference of treatment in favour of Liberian services and service suppliers. Tax incentives favouring Liberian nationals may apply.   
Movement of natural persons providing 
services (4) Unbound, except for measures 
concerning the entry and temporary stay of natural persons in the following categories: 
 -      Business Visitors 
        Persons not based in the Republic of 
Liberia and receiving no remuneration from a source located within the Republic of Liberia, who are representatives of a business carrying on activities in a WTO member and who are seeking temporary entry into the Republic of Liberia for the purpose of negotiating for the sale of the services of that business, entering into agreements to sell services fo r that business, 
participating in business meetings or preparing for the establishment of a (4)  Unbound, except for measures 
concerning the categories of personnel indicated in the market access column.   
  WT/ACC/SPEC/LBR/6/Rev.1  
 
- 3 - Modes of supply:  (1) Cross-Border supply  (2) Consumption abroad  (3) Commercial Presence (4) Presence of natural persons 
Sector or sub-sector Limitations on market access Limitations on national treatment Additional commitments 
commercial presence, where those 
representatives wi ll not be engaged 
in making direct sales to the general public. 
        Entry for Business Visitors is limited 
to 90 days in any 12 months, with an 
option to renew.  The residence permit is limited to a one-year period and renewable annually. 
 - Intra-Corporate Transferees 
(ICTs)  
 
 People who have been employed by 
their firm for a period of not less than one year and who seek temporary entry in order to render services to the same employer or a branch or a subsidiary of affiliates of that employer, and, who are one of the following: 
 - Managers 
 
Persons within an organization who primarily direct the organization, or a department or sub-division of the organization, supervise and control 
the work of other supervisory, 
professional or managerial employees, have the authority to hire and fire or recommend hiring and firing, or other personnel actions (such as promotion or leave authorization), and exercise discretionary authority over day-to-day operations.  Does not include first line supervisors, unless the employees supervised are professionals, nor does it include employees who primarily perform tasks necessary for the provision of the service.  
  WT/ACC/SPEC/LBR/6 /Rev.1  
 
- 4 - Modes of supply:  (1) Cross-Border supply  (2) Consumption abroad  (3) Commercial Presence (4) Presence of natural persons 
Sector or sub-sector Limitations on market access Limitations on national treatment Additional commitments 
 
- Executives  
 
Persons within the organization, who primarily direct the management of the organization, establish the goals 
and policies of the organization or a 
major component or function of the 
organization, exercise wide latitude in decision-making, and receive only general supervision or direction from higher-level executives, the board of directors, or stockholders of the business.  Executives would not directly perform ta sks related to the 
actual provision of a service or services of the organization. 
 - Specialists  
 
Persons within an organization who possess knowledge at an advanced level of continued expertise and who possess proprietary knowledge of the organization's services, research, techniques, or management.  Specialists may include, but are not limited to, members of licensed professions. 
 
Entry for ICTs is limited to 90 days in any 12 months, with an option to apply for a change of status (resident status) after the expiration of the 90-day period. The residence permit shall allow stay for a minimum of three years.  
- Contractual Service Suppliers 
(CSSs) 
 
Persons who are employees of an enterprise engaged in substantive business in the Republic of Liberia  
  WT/ACC/SPEC/LBR/6/Rev.1  
 
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Sector or sub-sector Limitations on market access Limitations on national treatment Additional commitments 
without having a commercial 
presence in the Republic of Liberia who provide a service as a professional of a service sector pursuant to a contract between the enterprise and a client in the 
Republic of Liberia, and who have 
been employed by this enterprise for a period of at least one year prior to their entry into the Republic of Liberia. 
 
Entry for CSSs is limited to 90 days in any 12 months, with an option to apply for a change of status (resident status) after the expiration of the 90-day period.  The residence permit shall allow stay for a minimum of three years.  Labour market tests are applied to determine whether there are any Liberian nationals who are suitably qualified and available for perform the functions of persons in the abovementioned categories of intra-corporate transferees.
1 
 
The process of acquiring a work 
permit includes the verification of 
professional qualification 
and/experience.  
Work permits are required for all 
categories of natural persons. 
Under concession agreements, 
quotas are applied on natural persons. 
 
                                               
1 The labour market test will be satisfied by publishing a vacanc y announcement in a mass–media outlet for 30 days and notifying  the Government of Libe ria.  Permission for 
intra-corporate transferee shall be granted after these procedures  have been completed unless the company has identified a loca l candidate who meets its needs.  
  WT/ACC/SPEC/LBR/6 /Rev.1  
 
- 6 - Modes of supply:  (1) Cross-Border supply  (2) Consumption abroad  (3) Commercial Presence (4) Presence of natural persons 
Sector or sub-sector Limitations on market access Limitations on national treatment Additional commitments 
II. SECTOR-SPECIFIC COMMITMENTS 
1. BUSINESS SERVICES 
A. Professional services 
(a) Legal services, excluding: 
- Participation in legal proceedings in 
the capacity of defenders or 
representatives of their clients 
before the courts of  the Republic of 
Liberia; 
 - Legal documentation and certification 
services of the laws of the Republic of Liberia (part of CPC 861) (1) None 
(2) None (3) None  
(4) Unbound, except as indicated in the 
horizontal commitments. (1) None 
(2) None (3) None 
(4) Unbound, except as indicated in the 
horizontal commitments.  
(b) Accounting, auditing and 
bookkeeping services (CPC 862) (1) None 
(2) None (3) None, except fore ign firms that are 
not members of the LICPA are required to have an LICPA member firm as a partner.  The profit share of a foreign non-LICPA partner is limited to 65%.  If the LICPA Act of 
5 April 2011 is amended to allow a 
foreign non-LICPA partnership share to exceed 65%, such higher percentage will automatically become the limitation for foreign non-LICPA partnership share.  
(4) Unbound, except as indicated in the 
horizontal commitments. (1) None  
(2) None (3) None, except fore ign firms that are 
not members of the LICPA are required to have an LICPA member firm as a partner.  The profit share of a foreign non-LICPA partner is limited to 65%.  If the LICPA Act of 
5 April 2011 is amended to allow a 
foreign non-LICPA partnership share to exceed 65%, such higher percentage will automatically become the limitation for foreign non-LICPA partnership share.  
(4) Unbound, except as indicated in the 
horizontal commitments.  
(c) Taxation Services  
(CPC 863) (1) None 
(2) None (3) None (4) Unbound, except as indicated in the 
horizontal commitments. (1) None 
(2) None (3) None (4) Unbound, except as indicated in the 
horizontal commitments.  
(d) Architectural services  
(CPC 8671) (1) None 
(2) None (3) None  (4) Unbound, except as indicated in the 
horizontal commitments. (1) None 
(2) None (3) None (4) Unbound, except as indicated in the  horizontal commitments.   
  WT/ACC/SPEC/LBR/6/Rev.1  
 
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Sector or sub-sector Limitations on market access Limitations on national treatment Additional commitments 
(e) Engineering services  
(CPC 8672) (1) None 
(2) None (3) None (4)   Unbound, except as indicated in the 
horizontal commitments. (1) None 
(2) None (3) None (4) Unbound, except as indicated in the 
horizontal commitments.  
(f) Integrated engineering services  
(CPC 8673) 
 (1) None 
(2) None (3) None (4) Unbound, except as indicated in the 
horizontal commitments. (1) None 
(2) None (3) None (4) Unbound, except as indicated in the 
horizontal commitments.  
(h) Medical and Dental Services  
 (CPC 9312) (1) None 
(2) None (3) None (4) Unbound, except as indicated in the 
horizontal commitments. (1) None 
(2) None (3) None (4) Unbound, except as indicated in the 
 horizontal commitments. Reciprocity condition applies in granting 
licence to non-Liberians.  This applies to all countries which do accord equal licensing rights to Liberian nationals. 
(i) Veterinary Services (CPC 932) (1) None 
(2) None (3) None  (4) Unbound, except as indicated in the 
horizontal commitments. (1) None 
(2) None (3) None (4) Unbound, except as indicated in the  horizontal commitments.  
(j) Services provided by midwives, 
nurses, physiotherapists and 
para-medical personnel  (CPC 93191) 
 (1) None 
(2) None 
(3) None (4) Unbound, except as indicated in the 
horizontal commitments. (1) None 
(2) None 
(3) None (4) Unbound, except as indicated in the 
horizontal commitments. Reciprocity condition applies in granting 
licence to non-Liberians.  This applies to 
all countries which do accord equal licensing rights to Liberian nationals. 
B. Computer and related services  
Computer and related services (CPC 84) 
 (1) None 
(2) None (3) None 
(4) Unbound, except as indicated in the 
horizontal commitments. (1) None 
(2) None (3) None 
(4) Unbound, except as indicated in the 
horizontal commitments.  
C. Research and de velopment services  
(a) R&D services on natural sciences  
 (CPC 851) (b) R&D services on social sciences and 
humanities  
(CPC 852) 
(c) Interdisciplinary R&D services   (CPC 853)  (1) None 
(2) None (3) None (4) Unbound, except as indicated in the 
horizontal commitments. (1) None 
(2) None (3) None (4) Unbound, except as indicated in the 
horizontal commitments.   
  WT/ACC/SPEC/LBR/6 /Rev.1  
 
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Sector or sub-sector Limitations on market access Limitations on national treatment Additional commitments 
D. Real estate services    
(a) Involving own or leased property  
 (CPC 821) (b) On a fee or contract basis  (CPC 822) (1) None 
(2) None (3) None (4) Unbound, except as indicated in the 
horizontal commitments. (1) None 
(2) None (3) None (4) Unbound, except as indicated in the 
horizontal commitments.  
F. Other business services  
(a) Advertising services:  
- Planning, creating and placement 
services of advertising  
 (CPC 8712) (b) Market research and public opinion 
polling services (CPC 864) 
(c) Management consulting services 
(CPC 865) (1) None 
(2) None (3) None (4) Unbound, except as indicated in the 
horizontal commitments. (1) None 
(2) None (3) None (4) Unbound, except as indicated in the 
horizontal commitments.  
(h)    Services incidental to mining:  
- liquefaction and regasification of 
natural gas for transportation  
-  derrick erection, repair and 
dismantling services and related services incidental to oil and gas 
extraction 
-  services necessary for oil or gas 
extraction such as well casing cementing, pumping, plugging and abandoning of wells 
-  specialized fire extinguishing services (i) Services incidental to  manufacturing 
(CPC 884)  
(n)  Maintenance & repair of equipment 
(not including maritime vessels, aircrafts or other transport equipment)  
 (CPC 633 + 8861–8866)  (1) None 
(2) None (3) None (4) Unbound, except as indicated in the 
horizontal commitments. (1) None 
(2) None (3) None (4) Unbound, except as indicated in the 
horizontal commitments.  
(t) Other  
-  Translation and interpretation 
services (CPC 87905)  (1) None 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
horizontal commitments. (1) None 
(2) None 
(3) None 
(4) Unbound, except as indicated in  the horizontal commitments.   
  WT/ACC/SPEC/LBR/6/Rev.1  
 
- 9 - Modes of supply:  (1) Cross-Border supply  (2) Consumption abroad  (3) Commercial Presence (4) Presence of natural persons 
Sector or sub-sector Limitations on market access Limitations on national treatment Additional commitments 
2. COMMUNICATION SERVICES  
B. Courier services  
 Limited to the collection, sorting, 
transport, and delivery of documents, printed matter, parcels, goods, other items on an expedited basis; provided that the transport originates or terminates outside the territory of the Republic of Liberia (and is not intra-country) (CPC 7512) (1) None 
(2) None (3) None (4) Unbound, except as indicated in the 
horizontal commitments. (1) None 
(2) None (3) None (4) Unbound, except as indicated in the 
horizontal commitments.  
C. Telecommunication services 
Commitments hereunder are taken consistent wi th "Notes for Scheduling Basic Telecom Se rvices Commitments" (S/GBT/W/2/Rev.1) and  "Market Access Limitations on Spectrum 
Availability" (S/GBT/W/3). 
Basic telecommunication services:  
(a) Voice telephone services 
(b) Packet-switched data transmission 
services 
(c) Circuit-switched data transmission 
services 
(d) Telex services (e) Telegraph services  (f) Facsimile services (g) Private leased circuit services (o) Other  -  Digital cellular services -  Paging services -  PCS (personal communication 
services)  
-  TRS (trunked radio system) services -  Mobile data services -  IAS (Internet access services) -  VoIP (Voice over Internet Protocol) 
services connected to the PSTN (Public switched telephone network)  (1) None 
(2) None (3) None (4) Unbound, except as indicated in the 
horizontal commitments. (1) None 
(2) None (3) None (4) Unbound, except as indicated in the 
horizontal commitments. The Republic of Liberia undertakes the 
obligations contained in the Reference Paper attached hereto. 
 
 
 
Value added services:  
(h) Electronic mail 
(i) Voice mail (j) On-line information and data base 
retrieval 
(k) Electronic data interchange (l) Enhanced/Value-added facsimile 
services including store and forward, (1) None 
(2) None (3) None (4) Unbound, except as indicated in the 
horizontal commitments. (1) None 
(2) None (3) None (4) Unbound, except as indicated in the  horizontal commitments.   
  WT/ACC/SPEC/LBR/6 /Rev.1  
 
- 10 - Modes of supply:  (1) Cross-Border supply  (2) Consumption abroad  (3) Commercial Presence (4) Presence of natural persons 
Sector or sub-sector Limitations on market access Limitations on national treatment Additional commitments 
store and retrieve 
(m) Code and protocol conversion (n) On-line information and/or data 
processing (including transaction processing) 
(o) Other 
-  On-line data base and remote 
computing services 
D. Audiovisual services  
(a) Motion picture and home video 
entertainment (including video tapes and digitally encoded video) distribution services (CPC 96113**) (excluding broadcasting on television 
and for projection by informal pop-up 
cinema, i.e., cinema screenings without a fixed location)  (1) None 
(2) None (3) None  (4) Unbound, except as indicated in the 
horizontal commitments. (1) None 
(2) None (3) None  (4) Unbound, except as indicated in the 
horizontal commitments.  
(b) Motion picture pr ojection services 
(excluding broadcasting on television and excluding projec tion by informal 
pop-up cinema) (CPC 9612) (1) None 
(2) None (3) None (4) Unbound, except as indicated in the 
horizontal commitments. (1) None 
(2) None (3) None (4) Unbound, except as indicated in the 
horizontal commitments.  
3. CONSTRUCTION AND RELATED ENGINEERING SERVICES  
A. General construction work for 
 buildings (CPC 512) 
B. General construction work for civil 
engineering (CPC 513) 
C. Installation and assembly work 
(CPC 514+516) 
D. Building completion and finishing 
work (CPC 517) (1) Unbound 
(2) None (3) None (4) Unbound, except as indicated in the 
horizontal commitments. (1) Unbound 
(2) None (3) None (4) Unbound, except as indicated in the 
horizontal commitments.  
4. DISTRIBUTION SERVICES  
A. Commission's agents services (CPC 621) 
Excluding the sale of: 
- Specialised retail products 
n.e.c.(part of CPC 63109) (rice)  
- Retail sales of pharmaceutical, 
medical and orthopaedic goods (part of CPC 63211) (pharmaceutical goods)
2 (1) None 
(2) None (3) None, but joint venture with a 
Liberian national  is encouraged. 
(4) Unbound, except as indicated in the 
horizontal commitments. (1) None 
(2) None (3) None 
 
(4) Unbound, except as indicated in the 
horizontal commitments.  
                                               
2 For the purposes of this schedule, pharma ceutical goods do not include non-pharmaceutical nutritional supplements in a tablet,  capsule, or powdered form.  
  WT/ACC/SPEC/LBR/6/Rev.1  
 
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Sector or sub-sector Limitations on market access Limitations on national treatment Additional commitments 
- Retail sales of articles of clothing, 
articles of fur and clothing accessories (part of CPC 63222) (used clothing, articles of fur, clothing accessories and footwear) 
- Retail sales of construction materials 
n.e.c. part of (CPC 63245) (sand, 
timber, planks and cement)  
- Ice - Diesel and gasoline  - Diamonds - Liberian produced goods sold in the 
Republic of Liberia 
- Used cars. This exclusion does not 
apply to authorized dealerships who may deal in certifie d used vehicles of 
their make. 
B. Wholesale trade services (CPC 622) 
Excluding: 
Importation and sale of: - Wholesale trade services of 
motor vehicles (part of 
CPC 61111) (used cars). This 
exclusion does not apply to authorized dealerships who may deal in certified used vehicles of their make. 
 Sale of: - Diesel and gasoline - Sand (part of CPC 62275)  - Ice - Wholesale trade services of 
 articles of clothing, footwear and  clothing accessories part of (CPC 62233, 62235, 62236)  (used clothes)  
- Diamonds
  
- Liberian produced goods sold in the 
 Republic of Liberia  (1) None 
(2) None (3) None (4) Unbound, except as indicated in 
 the horizontal commitments.  (1) None 
(2) None (3) None (4) Unbound, except as indicated in the 
horizontal commitments. 
   
  WT/ACC/SPEC/LBR/6 /Rev.1  
 
- 12 - Modes of supply:  (1) Cross-Border supply  (2) Consumption abroad  (3) Commercial Presence (4) Presence of natural persons 
Sector or sub-sector Limitations on market access Limitations on national treatment Additional commitments 
For: 
- Part of wholesale trade in services of 
grain, oilseeds and oleaginous fruits, 
seeds and animal feed (CPC 62211) (poultry feed) 
- Part of wholesale trade of 
construction materials 
(CPC 62275) (stone and granite) 
- Part of wholesale trade in services of 
pharmaceutical and medical goods (CPC 62251) (pharmaceutical goods) (1) Unbound 
(2) None (3) None, except for foreign enterprises, 
the minimum capital requirement is US$ 500,000. Where the enterprise is a partnership between Liberians and 
non-Liberians, the minimum capital 
requirement is US$ 300,000 provided that the aggregate shareholding of the Liberians is at least 25%. 
(4) Unbound, except as indicated in the 
horizontal commitments. (1) Unbound 
(2) None (3)  None, except for foreign enterprises, 
the minimum capital requirement is US$ 500,000.  
 
 
   (4) Unbound, except as indicated in 
 the horizontal commitments.  
C. Retailing services (CPC 631 and 632) 
Excluding: 
Importation and sale of: 
- Part of retail sales of motor vehicles  (CPC 61112) (used cars).  This  exclusion does not apply to  authorized dealerships who may deal  in certified used vehicles of their  make.  Sale of:  Specialised retail products n.e.c.  (CPC 63109+) (rice)   Retail sales of pharmaceutical,  medical and orthopaedic goods  (CPC 63211+) (pharmaceutical  goods)  Retail sales of articles of clothing,  articles of fur and clothing  accessories (CPC 63222+) (used  clothing, articles of fur, clothing  accessories and footwear)  Part of retail sales of construction  materials n.e.c. (CPC 63245+) 
 (sand, timber, planks and cement)  
- Ice - Diesel and gasoline - Diamonds  - Liberian produced goods sold in the  Republic of Liberia (1) None 
(2) None 
(3) None, but joint venture with a 
Liberian national  is encouraged. 
(4) Unbound, except as indicated in the 
horizontal commitments. (1) None 
(2) None 
(3) None  (4) Unbound, except as indicated in the 
horizontal commitments. 
   
  WT/ACC/SPEC/LBR/6/Rev.1  
 
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Sector or sub-sector Limitations on market access Limitations on national treatment Additional commitments 
For: 
- Poultry feed - Retail sales of construction  materials n.e.c. (part of CPC 63245)  (stone and granite)  Retail sale of pharmaceutical, 
 medical goods and orthopaedic 
 goods (part of CPC 63211)  (pharmaceutical goods) (1) Unbound 
(2) None (3) For foreign enterprises, the minimum 
capital requirement is US$ 500,000.  
 Where the enterprise is a partnership 
between Liberians and non-Liberians, 
the minimum capital requirement is 
US$ 300,000 provided that the aggregate shareholding of the Liberians is at least 25%. 
(4) Unbound, except as indicated in the 
horizontal commitments. (1) Unbound 
(2) None (3) None    
 
   (4) Unbound, except as indicated in the  horizontal commitments.  
D. Franchising (CPC 8929) 
This commitment cannot be used to 
circumvent restrictions under other parts 
of Distribution Servic es of this list of 
commitments  (1) None 
(2) None 
(3) None  (4) Unbound, except as indicated in the 
horizontal commitments. (1) None 
(2) None 
(3) None (4) Unbound, except as indicated in the 
horizontal commitments.  
5. EDUCATIONAL SERVICES (privately funded educational services)  
A. Primary education services 
 (CPC 921) 
B. Secondary education services 
 (CPC 922) C. Higher education services   (CPC 923) D. Adult education (CPC 924) E. Other education services   (CPC 929) (1) None 
(2) None 
(3) None 
(4) Unbound, except as indicated in  the horizontal commitments. (1) None 
(2) None 
(3) None 
(4) Unbound, except as indicated in  the horizontal commitments.  
6. ENVIRONMENTAL SERVICES 
A. Sewage services (CPC 9401) 
B. Refuse disposal services  (CPC 9402) C. Sanitation and similar services   (CPC 9403) D. Other (1) None 
(2) None (3) None (4)   Unbound, except as indicated in  
 the horizontal commitments  
 (Particularly, for garbage   
 collectors, the Government of  
 Liberia requires them to be  
only Liberians). (1) None 
(2) None (3) None (4) Unbound, except as indicated in the 
horizontal commitme nts (Particularly, 
for garbage collectors, the Government of Libe ria requires them 
to be only Liberians).   
  WT/ACC/SPEC/LBR/6 /Rev.1  
 
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Sector or sub-sector Limitations on market access Limitations on national treatment Additional commitments 
7. FINANCIAL SERVICES  
A. All insurance and insurance-related services  
(a) Life, accident and health insurance 
 services (b) Non-life insurance services (c) Reinsurance and retrocession (d) Services auxiliary to insurance  (including broking and agency  services) (1) Unbound, except none for insuring 
property of foreign nationals as well as insurance of risks relating to maritime shipping and commercial aviation and space launching and freight (including satellites), with such insurance to cover any or all of the following:  the goods being transported, the vehicles transporting the goods and any liability arising therefrom, and goods in international transit. 
(2) None 
(3) None (4) Unbound, except as indicated in the 
horizontal commitments. 
 (1) Unbound, except none for  insuring 
 property of foreign nationals as well  as insurance of risks relating to  maritime shipping and commercial  aviation and space launching and  freight (including satellites), with  such insurance to cover any or all of  the following:  the goods being  transported, the vehicles transporting  the goods and any liability arising  therefrom, and goods in international  transit. 
(2) None 
(3) None (4) Unbound, except as indicated in the 
horizontal commitments. 
 Residency requirements on the board 
of directors.  
B. Banking and other financial services (excluding insurance)  
(a) Acceptance of deposits and other 
 repayable funds from the public (b) Lending of all types, including, inter  alia, consumer credit, mortgage  credit, factoring and financing of  commercial transaction (c) Financial leasing (d) All payment and money  transmission services (e) Guarantees and commitments (f) Trading for own account or for  account of customers, whether on  an exchange, in an over-the- counter  market or otherwise, the  following: - Money market instruments  (cheques, bills,  certificate of 
 deposits, etc.) - Foreign exchange - Derivative products including, but not  limited to, futures and options - Exchange rate and interest rate (1) Unbound 
(2) None (3) None (4) Unbound, except as indicated in the 
horizontal commitments. 
 (1) Unbound 
(2) None (3) None (4) Unbound, except as indicated in the 
horizontal commitments. 
   
  WT/ACC/SPEC/LBR/6/Rev.1  
 
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Sector or sub-sector Limitations on market access Limitations on national treatment Additional commitments 
 instruments, including products such 
 as swaps, forward rate agreements,  etc. - Transferable securities - Other negotiable  instruments and 
 financial assets, including bullion 
(g) Participation in issues of all kinds 
 of securities, including under-writing  and placement as agent (whether  publicly or privat ely) and provision 
 of service related to such issues (h) Money broking (i)    Asset management, all forms of  collective investment management,  pension fund management,  custodial depository and trust  services (j) Settlement and clearing services  for financial assets, including  securities, derivative products, and  other negotiable instruments (k) Advisory and other auxiliary  financial services on all the  activities listed in Article 1B of  MTN.TNC/W/50, including credit  reference and anal ysis, investment 
 and portfolio research and advice,  advice on acquisitions and on  corporate restructuring and 
 strategy 
(l)    Provision and transfer of financial  information, and financial data  processing and related software by  providers of other financial  services 
8. HEALTH RELATED AND SOCIAL SERVICES (pri vately funded health and social services)  
A.  Hospital services 
 (CPC 9311) B.  Other human health services 
 (CPC 9319) C.  Social services  (CPC 933) (1)   None 
(2)   None 
(3)   None 
(4)    Unbound, except as indicated in the 
  
  horizontal commitments. (1) None 
(2) None (3) None (4) Unbound, except as indicated in the 
horizontal commitments.   
  WT/ACC/SPEC/LBR/6 /Rev.1  
 
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Sector or sub-sector Limitations on market access Limitations on national treatment Additional commitments 
9. TOURISM AND TRAVEL RELATED SERVICES  
A. Hotels  
- Hotels of three stars and above 
 only) (part of CPC 641) (1)  Unbound 
(2)  None 
(3) None (4) Unbound, except as indicated in the 
horizontal commitments. (1) Unbound 
(2) None (3) None (4) Unbound, except as indicated in  horizontal commitments.  
- Other lodging services  
 (CPC 64191, 64192, 64193,  64194,  64196, 64199) (1) Unbound 
(2) None (3) None, except foreign investors are 
required to have minimum capital of US$ 150,000. 
(4) Unbound, except as indicated in the 
horizontal commitments. (1) Unbound 
(2) None (3) None   (4) Unbound, except as indicated in the 
horizontal commitments.  
- Camping and caravanning services  
 (CPC 64195) (1) Unbound 
(2) None (3) None, except foreign investors are 
required to enter into a joint venture with a Liberian national or a firm. 
(4) Unbound, except as indicated in the 
horizontal commitments. 
 Foreign natural persons are limited to 
10% of staff. (1) Unbound 
(2) None (3) None   (4) Unbound, except as indicated in  the horizontal commitments.  
- Restaurants (excluding catering) 
 (part of CPC 642) (1) Unbound 
(2) None (3) None, except foreign investors are 
required to have minimum capital of US$ 100,000.  
(4) Unbound, except as indicated in the 
horizontal commitments. (1) Unbound 
(2) None (3) None   (4) Unbound, except as indicated in the 
horizontal commitments.  
B. TRAVEL AGENCIES AND TOUR OPERATORS SERVICES  
- Tour operators, excluding airline 
 ticket issuance services  
 (part of CPC 7471)  (1) None 
(2) None (3) None, except foreign investors 
 are required to partner with or 
 enter a joint venture with a Liberian 
natural or juridical person. 
(4) Unbound, except as indicated in the 
horizontal commitments. (1) None 
(2) None (3) None    (4) Unbound, except as indicated  in the horizont al commitments.   
  WT/ACC/SPEC/LBR/6/Rev.1  
 
- 17 - Modes of supply:  (1) Cross-Border supply  (2) Consumption abroad  (3) Commercial Presence (4) Presence of natural persons 
Sector or sub-sector Limitations on market access Limitations on national treatment Additional commitments 
10. RECREATIONAL, CULTURAL AND SPORTING SERVICES (other than audiovisual services)  
A. Entertainment services, except 
 entertainment centres not  connected with a hotel  establishment  (CPC 9619) B. News agency services  (CPC 962) C. Libraries, archives, museums  and other cultural services  (CPC 963) D Sporting and other recreational  services (CPC 964)  (For gambling and betting  services (CPC 96492) the venues  are restricted to four / five star  hotels/resorts) (1) None 
(2) None (3) None (4) Unbound, except as indicated in the 
horizontal commitments. (1) None 
(2) None (3) None (4) Unbound, except as indicated in the 
horizontal commitments.  
11. TRANSPORT SERVICES 
A. Maritime transport services 
International maritime transport 
- Passenger and freight 
 (CPC 7211, 7212) except 
 cabotage transport  (1) None 
(2) None 
(3) None, except the 
authorization/permit requirement, licensing (qualification and experience) requirement, and nationality requirement set by the Liberia Maritime Authority and the Ministry of Transport. 
(4) Unbound, except as indicated in the 
horizontal commitments. (1) None 
(2) None 
(3) None, except the 
authorization/permit requirement, licensing (qualification and experience) requirement, and nationality requirement set by the Liberia Maritime Authority and the Ministry of Transport. 
(4) Unbound, except as indicated in the 
horizontal commitments. The following services at the port are 
made available to international maritime 
transport suppliers on reasonable and 
non-discriminatory terms and conditions:  1. Pilotage  2. Towing and the tug assistance  3. Provisioning, fuelling and  
watering  
 4. Garbage collecting and ballast 
waste disposal 
 5. Port captain's services  6. Navigation aids  7. Shore-based operational services 
essential to ship operations including communications, water and electrical supplies 
 8. Emergency re pair facilities 
 9. Anchorage, berth and berthing  
  WT/ACC/SPEC/LBR/6 /Rev.1  
 
- 18 - Modes of supply:  (1) Cross-Border supply  (2) Consumption abroad  (3) Commercial Presence (4) Presence of natural persons 
Sector or sub-sector Limitations on market access Limitations on national treatment Additional commitments 
B. Internal waterways transport 
 (1) None 
(2) None (3) None, except the licensing 
(qualification and experience) requirement, and nationality requirement set by the Liberia Maritime Authority and the Ministry of Transport. 
(4) Unbound, except as indicated in the 
horizontal commitments. (1) None 
(2) None (3) None, except the licensing 
(qualification and experience) requirement, and nationality requirement set by the Liberia Maritime Authority and the Ministry of Transport. 
(4) Unbound, except as indicated in the 
horizontal commitments.  
F. Road transport services 
(a) Passenger transportation, except taxi 
 services (b) Freight transportation (c) Rental of commercial vehicles with  operator (d) Maintenance and repair of road  transport equipment (e) Supporting services for road  transport services (1)  None 
(2)  None 
(3) None, except for freight 
transportation, where for foreign enterprises, the minimum capital requirement is US$ 500,000; and if the enterprise is a partnership between Liberians and non-Liberians, the minimum capital requirement is US$ 300,000 provided that the aggregate shareholding of the Liberians is at least 25%; and except the authorization requirements from the Ministry of Transport. 
(4) Unbound, except as indicated in the 
horizontal commitments. (1) None 
(2) None (3) None, except the 
authorization/permit requirement, licensing (qualification and experience) requirement, and nationality requirement set by the Ministry of Transport. 
      (4) Unbound, except as indicated in the 
horizontal commitments.  
H. Services auxiliary to  all modes of transport 
(a) Cargo-handling services 
 (CPC 741) (b) Storage and warehouse services  (CPC 742) (c) Freight transport agency services  (CPC 748) (1) None 
(2) None (3) None, except the 
authorization/permit requirement, licensing (qualification and experience) requirement, and nationality requirement set by the 
Ministry of Transport. 
 (4) Unbound, except as indicated in the 
horizontal commitments. (1) None 
(2) None (3) None, except the  authorization/permit requirement,  licensing (qualification and  experience) requirement, and  nationality requirement set by the 
 Ministry of Transport. 
 (4) Unbound, except as indicated in the 
horizontal commitments.  WT/ACC/SPEC/LBR/6/Rev.1 
 
- 19 - 
 
  TELECOMMUNICATION REFERENCE PAPER 
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 facilities of a public telecommunications transport 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 major 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 major 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.  
 
2. Interconnection 
 2.1 This section applies to linking with suppliers providing public telecommunications transport 
networks or services in order to allow the users of one supplier to communicate with users 
of another supplier and to access services provided by another supplier, where specific commitments are undertaken. 
 
2.2 Interconnection to be ensured 
 Interconnection with a major 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, having regard to 
 economic feasibility, 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; and, WT/ACC/SPEC/LBR/6/Rev.1 
 
- 20 - 
 
  (c) upon request, at points in addition to the network termination points offered to the 
 majority of users, subject to charges that reflect the cost of construction of necessary  additional facilities.  
2.3 Public availability of the procedures for interconnection negotiations 
 The procedures applicable for interconnection to a major supplier will be made publicly 
 available. 
 
2.4 Transparency of interconnection arrangements 
 It is ensured that a major supplier will make publicly available either its interconnection  agreements or a reference interconnection offer. 
 
2.5 Interconnection:  dispute settlement 
 A service supplier requesting interconnectio n with a major supplier will have recourse, 
 either: 
 (a) at any time; or, 
(b) after a reasonable period of time which ha s been made publicly known to an independent 
domestic body, which may be a regulatory body   as referred to in paragraph 5 below, to 
resolve disputes regarding appropriate terms, conditions and rates for interconnection within a reasonable period of time, to the extent th at 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.   
 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 licenses. 
  The reasons for the denial of a licence will be made known to the applicant upon request. 
 
5. Independent regulators 
 The regulatory body is separate from, an d not accountable to, any supplier of basic 
telecommunications services.  The decisions of and the  procedures used by regulators 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, timely, transparent and non-discriminatory manner.  The current state of allocated frequency bands will be made 
publicly available, but detailed identification of frequencies allocated for specific government 
uses is not required. 
   
  WT/ACC/SPEC/LBR/6/Rev.1  
 
- 21 - LIBERIA – LIST OF ARTICLE II (MFN) EXEMPTIONS 
Sector/Sub-sector Description of the measure indicating 
its inconsistency with Article II Countries to which the measure 
applies Intended duration Conditions creating the 
need for the exemption 
All sectors Full national treatment is extended to 
nationals of the countries listed in column 3. Members of the Economic 
Community of West African States. Subject to the 
duration of the agreement concerned. To ensure commitments in the 
context of regional integration. 
All sectors Full national treatment is extended to 
nationals of the countries listed 
in column 3. Mano River Union countries Indefinite Regional integration  
All sectors 
Commercial presence Measures extending preferential treatment 
for commercial presence pursuant to bilateral investment treaties All countries that have signed or will 
sign bilateral investment treaties with the Republic of Liberia Indefinite Foster investment in the 
Republic of Liberia 
Audiovisual services Measures based upon co-production 
agreements, which confer national treatment to audiovisual works covered by such agreements Countries with which bilateral or 
plurilateral agreements are in force, now or in the future, in the area of cultural co-operation Indefinite Development of cultural links 
and protection of cultural heritage 
Audiovisual services Measures gr anting the benefit of support 
programmes to audiovisual works meeting certain origin criteria Countries with which bilateral or 
plurilateral agreements are in force, now or in the future, in the area of cultural co-operation Indefinite Development of cultural links 
and protection of cultural heritage 
Audiovisual services Measures which extend National Treatment 
to audiovisual works, including television and radio programmes, which meet certain 
origin criteria, regarding access to 
broadcasting and other similar forms of transmission Countries with which bilateral or 
plurilateral agreements are in force, now or in the future, in the area of 
cultural co-operation. Indefinite Development of cultural links 
and protection of cultural heritage 
Professional services Public accounting Recognition agreement in place 
with Ghana.   Certified public acco untants from the US 
may be unilaterally recognised as equivalent to Liberian certified public accountants. Ghana 
  US Indefinite Bilate ral arrangements 
 
 
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