GATS/SC/155  
 
6 September  2016 
(16-4725) Page: 1/22 
Trade in Services    
 
LIBERIA  
SCHEDULE OF SPECIFIC  COMMITMENTS  
(This is authentic in English only) 
 
 
_______________  
 
  
  GATS/SC/155  
 
- 2 - LIBERIA – SCHEDULE OF SPECIFIC  COMMITMENTS  
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 (APPLICABLE TO ALL SECTORS INCLUDED TO THIS SCHEDULE)  
Land ownership   Foreigners have the right to lease 
only, b ut 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 b e 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 a nd 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 (4)  Unbound, except for measure s 
concerning the categories of 
personnel indicated in the market 
access column.    
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- 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  
business, participating in business 
meetings or preparing for the 
establishment of a commercial 
presence, where those representatives 
will 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.  
 
- Executives  
Persons within the organization, who 
primarily direct the management of the  
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- 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  
organization, establish the goals and 
policies of the organization or a major 
component or function of the 
organization, exercise wide latit ude in 
decision -making, and receive only 
general supervision or direction from 
higher -level executives, the board of 
directors, or stockholders of the 
business.  Executives would not directly 
perform tasks related to the actual 
provision of a service or se rvices 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.  Speciali sts 
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 perm it 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 
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.   
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- 5 - 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  
 
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 ing 
the functions of persons in the 
abovementioned categories of intra -
corporate transferees.1 
 
The process of acquiri ng 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 labo ur market test will be satisfied by publishing a vacancy announcement in a mass –media outlet  for 30 days  and notifying the Government of Liberia.  Permission for 
intra-corporate transferee shall be granted after these procedures have been completed unless the company has identified a local ca ndidate who meets its needs.   
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- 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 defend ers 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 foreign 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 per centage 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 foreign 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.    
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- 7 - 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  
(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 i n 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 commi tments.   
(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 cond ition applies in granting 
licenc e 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 
horizonta l commitments.  
 (1) None 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal commitments.   
(j) Services provided by midwives, 
nurses, physio therapists and 
para-medical personnel  
(CPC 93191)  
 (1) None 
(2) None 
(3) None 
(4) Unbound, excep t as indicated in the 
horizontal commitments.  
 (1) None 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
horizontal commitments.  Reciprocity cond ition applies in granting 
licenc e to non -Liberians.  This applies to 
all countries which do accord equ al 
licensing rights to Liberian nationals.  
B. Computer and related s ervices  
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.    
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- 8 - 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  
C. Research and development 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.   
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 indic ated 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)  
  (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.    
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- 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  
(n)  Maintenance & repair of equipment 
(not including maritime vessels, 
aircrafts or other transport 
equipment) (CPC 633 + 8861 –8866)  
    
(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.   
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 t he 
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 with "Notes for Scheduling Basic Telecom Services 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 service s (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.  
 
 
  
  GATS/SC/155  
 
- 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  
-  IAS (Internet access services)  
-  VoIP (Voice over Internet Protocol) 
services  connected to the PSTN 
(Public switched telephone network)  
 
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, 
store and retrieve  
(m) Code and protocol conversion  
(n) On-line information and/or data 
processing (including transaction 
proce ssing)  
(o) Other  
-  On-line data base and remote 
computing services  
 (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. 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 projection se rvices 
(excluding broadcasting on television 
and excluding projection 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 indica ted in the 
horizontal commitments.    
  GATS/SC/155  
 
- 11 - 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  
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 com pletion 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 
- Retail sales of ar ticles 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 certified used vehicles of 
their make.  
 (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, pharmaceutical goods do not include non -pharmaceutical nutritional supplements in a tablet, capsule, or powdered form.   
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- 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  
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 (p art 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.  
  
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.    
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- 13 - 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  
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.  
 (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 
horizon tal commitments.  
  
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 clothin g 
 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 pr oduced goods sold in  the 
 Republic of Liberia  
     
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- 14 - 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: 
- 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 t he 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 Services 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  
 (Particularl y, 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 commitments (Particularly, 
for garbage collectors, the 
Government of Liberia requ ires them 
to be only Liberians).    
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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 insuranc e 
 (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 t o 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 commit ments.  
 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, incl uding , inter 
 alia, consumer cre dit, 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 exchang e, in an over -the- counter 
 market or otherwise, the 
 following:  
- Money market instruments 
 (cheques, bills, certificate of 
 deposits, etc.)  
- Foreign exchange  
- Derivative products incl uding , but not 
 limited to, futures and options  (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 co mmitments.  
   
  GATS/SC/155  
 
- 16 - 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  
- Exchange rate and i nterest rate 
 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, includin g under -writing 
 and placement as agent (whether 
 publicly or privately) and provision 
 of service related to such issues  
(h) Money broking  
(i)    Asset management , all forms of 
 collective investm ent management, 
 pension fund management, 
 custodial deposi tory 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 
 activitie s listed in Article  1B of 
 MTN.TNC/W/50, including  credit 
 reference and analysis, 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  
  
  GATS/SC/155  
 
- 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  
8. HEALTH RELATED AND SOCIAL SERVICES (privately 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.   
9. TOURISM AND TRAVEL RELATED SERVICES  
A. Hotels  
- Hotels of three stars and above 
 only) (part of CP C 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.    
  GATS/SC/155  
 
- 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. 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 horizontal 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 recre ational 
 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.    
  GATS/SC/155  
 
- 19 - 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  
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 commitmen ts. (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 indic ated 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. Provisioni ng, 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. Emer gency repair facilities  
 9. Anchorage, berth and berthing  
 
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 t he Ministry 
of Transport.  
(4) Unbound, except as indicated in the 
horizontal commitments.  
   
  GATS/SC/155  
 
- 20 - 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  
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 Trans port. 
(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 Transpor t. 
 
 
 
 
 
(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 . 
  
 
 
_______________  
 GATS/SC/155  
 
- 21 - 
 
  TELECOMMUNICATION RE FERENCE 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 substitut ed 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 necessa ry 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 su pplier 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 interc onnection 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 se rvice 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 , 
(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.  
 GATS/SC/155  
 
- 22 - 
 
  2.3 Public availability of the procedures for interconnection negotiations  
 The procedures applicable for interconnection to a major supplier wil l 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 s ettlement  
 A service supplier requesting interconnection with a major supplier will have recourse, 
 either:  
 
(a) at any time; or , 
(b) after a reasonable period of time which has been made publicly known to an independent 
domestic body, which may be a regul atory 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 that these have not been established previously.  
 
3. Universal serv ice 
 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 competitivel y 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 l icensing 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 u pon request.  
 
5. Independent regulators  
 The regulatory body is separate from, and 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 mann er.  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.  
 
 
__________