RESTRICTED  WORLD TRADE  
ORGANIZATION  WT/ACC/SPEC/TJK/2/Rev.1 
22 April 2005 
 (05-1652) 
Working Party on the Accession 
of the Republic of Tajikistan Original:   English 
 
 
 
ACCESSION OF THE REPUBLIC OF TAJIKISTAN 
 
Offer on Specific Commitments in Services  
Revision  
 
 
 The following submission, dated 18 April 2005, is being circulated at the request of the Delegation of the Republic of Tajikistan.  
_______________ 
 
  
 WT/ACC/SPEC/TJK/2/Rev.1 
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Sector or Sub-sector Restrictions on market access Restrictions on na tional treatment Additional commitments
I. HORIZONTAL SECTION1 
All sectors (3) No less than 70 % of employees of enterprises 
with foreign investment on the territory of the Republic of Tajikistan, regardless of its 
constitution form, must be permanently residing 
citizens of the Republic of Tajikistan, except enterprises, the number of employees of which 
amount to 3 persons, where participation of the 
citizens of the Republic of Tajikistan must be not less than two thirds. 
 
 Minimum capital require ment for establishment 
of the statuary fund of the enterprises with 
participation of foreign investment is equal to 
10,000 minimal wages of the Republic of Tajikistan at the moment of its registration.   
All sectors/sub-sectors, included into 
the present List: subsidies and other 
forms of state  support    (1), (2), (3) Unbound for: 
 
- the supply of a service, or its subsidization, 
within the public sector;  
- the subsidies and other forms of state support, in 
the sphere of scientific and research 
developments and spheres relating to culture and 
national uniqueness, and also relating to delivery of services in the state sector; 
- the subsidies and other forms of state support, 
including access to financ ial and other material 
resources of state may be established only for a 
specific regions, branch and specific circle of 
persons, that is in a difficult social and/or economic situation, enterprises of small business, 
enterprises of social si gnificance, and providers  
                                                      
1 It is understood that restrictions included  into Horizontal Commitments "All Sectors" shall be applicable to all commitments un der each sector/subsector individually enlisted in 
Chapter II "Specific Commitmen ts" under all modes of supply.   
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Sector or Sub-sector Restrictions on market access Restrictions on na tional treatment Additional commitments
of common use services.  
All sectors/sub-sectors, included into 
the present List: operations with land Land in the Republic of Tajikistan may not be in 
private property.  
Land users in the Republic of Tajikistan are juridical 
and natural persons, who have land in (i) perpetual, (ii) term or (iii) lifelong inherited use.
2 
 
Foreign service suppliers may not obtain land for 
perpetual use unless they establish a joint venture 
with a local person/s.   
 Foreign persons can obtain land for term use with a 
maximum term of up to 50 years.   Enterprises with foreign participation are not allowed 
to obtain land for lifelong inherited use as a primary land users.  
 
Unbound concerning rights of foreigners to become primary land users.    
All sectors/sub-sectors, included into 
the present List: participation in privatization and privatized 
companies  None, except: 
Privatization of following forms of state’s and public property is prohibited in Tajikistan: 
 
- Land, subsurface, air, flora and fauna other 
natural resources, which are objects of exclusive 
state property according to Article 13 of the 
Constitution  of the Republic of Tajikistan; 
- objects of historical heritage and national 
property; 
- buildings and constructions of state authority and 
administration organs and organs of local 
administration; 
- potable water supply systems; 
- military enterprises, as well as enterprises 
engaged in interment of nuclear waste. 
 
Privatization of the following objects should be 
implemented only through the decision of the Government of the Republic of Tajikistan: 
 
- objects, ensuring economic viability of cities and 
districts; 
- objects of fuel and power complex;   
                                                      
2 There are three regimes of land use: (i) perpetual; (ii) term; and (iii) lifelong inherited use.  Primary users obtain land for  use from the state under one of these regimes.  For "perpetual" 
use land is provided with no pre-defined term  of use.  For use with a “term” land is pr ovided with a specific time of use.  Onl y specified list of persons are eligible for lifelong inherited use.     
 WT/ACC/SPEC/TJK/2/Rev.1 
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Sector or Sub-sector Restrictions on market access Restrictions on na tional treatment Additional commitments
- water installations (except for potable water 
supplying systems); 
- railways and road communications; 
- communication networks;  
- objects of health protection and education,.  
All sectors/sub-sectors, included into 
the present list: forms of commercial 
presence  Commercial presence can only be through 
establishment of a juridical person. 
   
 (4) Unbound except for measures concerning the 
entry and temporary st ay of the following 
categories of natural persons providing services: 
 
A. Intra-corporate transferees  
 
Access is subject to the following conditions: 
 - the natural person concerned must work within a 
juridical person other than a non-profit making 
organization, established in the territory of a 
WTO member-country and have been employed 
by it or have been a partner in it (or as a majority shareholder) for at least a year 
immediately preceding the date of admission. 
- the natural person is tran sferred in the context of 
the provision of a service in the territory of 
Tajikistan. 
- the transfer must be to an establishment 
(subsidiary, branch, or representation) or the 
head office of the aforementioned juridical 
person. The receiving entity must be constituted in and effectively providing like services in 
Tajikistan. 
- the natural person concerned must belong to one 
of following categories: 
 
(a) Managers: persons working in a senior position 
within a juridical person, who primarily direct 
the management of the establishment, receiving 
general supervision or direction principally from 
the board of directors or stockholders of the 
business or their equivalent, including:  
  
 
  
 
  
   
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Sector or Sub-sector Restrictions on market access Restrictions on na tional treatment Additional commitments
- directing the establishment or a department or 
sub-division of the establishment; 
- supervising and controlling the work of other 
supervisory, professional or managerial 
employees; 
- having the authority personally to hire and fire 
or recommend hiring, firing or other personnel 
actions 
 
(b) Specialists:  persons, working within a juridical 
person, who possess uncommon knowledge essential to the establishment’s service, research 
equipment, techniques or management.  In 
assessing such knowledge, account will be taken not only of knowledge specific to the 
establishment, but also of whether the person 
has a high level of qualification referring to a type of work or trade requiring specific 
technical knowledge, in cluding membership of 
an accredited profession. 
 
Entry and stay is limited to a maximum of three years in the cases of (a) and (b) 
 
The Government of the Republic of Tajikistan sets an annual quota for attracting of foreign workforce 
(intracorporate transfer of managers and specialist) in 
percentage terms to economically active population.   
 WT/ACC/SPEC/TJK/2/Rev.1 
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Sector or Sub-sector Restrictions on market access Restrictions on na tional treatment Additional commitments
II SPECIFIC SECTOR COMMITMENTS 
I.  BUSINESS SERVICES 
1.  Professional services 
(a) Legal services (CPC 861)  (1) None, except for:  
 Only a citizen of the Republic of Tajikistan 
 holding a notary’s license may act as a notary in 
 the territory of the Republic of Tajikistan 
(2) None  
(3) None, except for: 
 - the right to provide legal services shall be given 
 as an individual entrepreneurship only, without 
 constitution of a juridical person; - Only a citizen of the Re public of Tajikistan 
 holding a notary’s license may act as a notary in 
 the territory of the Republic of Tajikistan; - The right to act as defense council in criminal 
 cases is restricted to licensed lawyers, who are 
 citizens of the Republic of Tajikistan and 
 Member of the Bar Association.  
 (4) Unbound, except for the cases: 
 
- when licensed, a natural person holding Degree 
in Law from a foreign educational institution, 
may provide paid legal services on the legislation 
of that given country (where the institution is located) as well as on International Law in 
accordance with a Diploma in Law (1) None 
  
 
(2) None  
(3) None, except as indicated in the Limitations on 
 market access column.  
 
  
 
  
 
 
 
 (4) Unbound, except as indicated in the horizontal 
 section  
(b) Accounting, auditing and 
bookkeeping services  
 (CPC 862) 
 (1), (2) None 
(3) None, except for financial auditing services and  accounts aud iting services: 
 
- Commercial presence is admitted only as a 
juridical person of the Republic of Tajikistan, 
for commercial organizatio ns in any form except 
for open joint stock company. 
- No more than five auditors, having foreign 
qualifications or audit certificates for corresponding audit field, shall be personnel of (1), (2) None 
(3) None, except as indicated  in column restrictions 
 on market access   
 
  
 
 
 
    
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Sector or Sub-sector Restrictions on market access Restrictions on na tional treatment Additional commitments
auditing organization, or shall occupy faculty 
positions or other offices in institutes of higher education 
- No less than 51% of the authorized capital 
(voting shares) must belong to certified auditors or auditing organizations, having licenses 
 
(4) Unbound, except as indicated in the horizontal  section, and also: 
 
- persons exercising auditing activity, may not be   involved in any other entrepreneurial activity, 
 not related to audit activity.    
  
 
  
 
(4) Unbound, except as indicated in the horizontal  section 
(c) Taxation services   (CPC 863) (1), (2), (3) None 
(4) Unbound, except as indicated in the horizontal  section (1), (2), (3) None 
(4) Unbound, except as indicated in the horizontal  section  
(d) Architectural services 
(CPC 8671) excluding services 
on independent evaluation 
expertise and analysis  
(e)  Engineering services 
(CPC 8672) excluding services 
on independent evaluation 
expertise and analysis 
(f) Integrated engi neering services 
(CPC 8673, excluding services 
on independent evaluation expertise and analysis) 
(g) Urban-planning and landscape 
architectural services  
 (CPC 8674) (1), (2) None 
 
(3) None, except: 
- share of foreign participation in the authorized 
capital of a juridical person must not exceed 50%. 
(4) Unbound, except as indicated in the horizontal 
 section  (1), (2) None, except as indicated in column   
 restrictions on the market access  
(3) None, except as indicated  in column Restrictions 
 on the market access  
  
(4) Unbound, except as indi cated in the horizontal 
 section  
(h) Medical and dental services 
 (CPC 9312) (1), (2) None: except for me dical services, provided 
in the framework of the system of state  
guarantee of provision of citizens of the Republic of Tajikistan with free medical 
assistance 
(3) None, except for medical services, financed out 
of state funds 
(4) Unbound, except as indicated in the horizontal 
 section  (1), (2) None: except for me dical services, provided 
in the framework of the system of state  
guarantee of provision of citizens of the Republic of Tajikistan with free medical 
assistance 
(3) None, except as indicat ed in the Limitations on 
market access column; 
(4) Unbound, except as indi cated in the horizontal 
 section    
 WT/ACC/SPEC/TJK/2/Rev.1 
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Sector or Sub-sector Restrictions on market access Restrictions on na tional treatment Additional commitments
2. Computer and Related Services        
(a) Consultancy services related to 
 the installation of computer  hardware  
 (СРС  841) 
(b) Software implementation 
Services 
 (CPC 842) 
(c) Data processing services 
(CPC 843) 
(d)    Database services (CPC 844) (1) Unbound  
(2) None (3) None, except: share of foreign participation in the 
authorized capital of a juridical person must not 
exceed 49%. 
(4) Unbound, except as indi cated in the horizontal 
section (1) None 
(2) None (3) None 
 
 (4) Unbound, except as indi cated in the horizontal 
 section   
 
5.  Rental/Leasing Services without Operators 
(a) Relating to ships (CPC 83103) (b) Relating to aircraft  (CPC 83104) 
(c) Relating to other transport 
equipment  
 (CPC 83101+ 83102+83105); 
(d) Relating to other machinery and 
equipment  
 (CPC 83106-83109) (1), (2), (3) None 
(4) Unbound, except as indi cated in the horizontal 
section 
 (1), (2), (3) None 
(4) Unbound, except as indi cated in the horizontal 
section  
6. Other Business Services 
(a) Advertising services  
 (CPC 871) (b) Market research services 
(CPC 86401) 
(c) Management consulting 
services  
 (CPC 865) 
(d) Services related to management 
consulting  (CPC 866)   
(f) Services relating to agriculture, 
hunting and forestry (CPC 881) 
(g) Services incidental to fishing 
(CPC 882) only relating to: 
providing the fishing equipment, building, and repair 
and maintenance of fishing 
vessels. 
(m) Related scientific and technical (1), (2) None 
(3) None, except for: economic need test (4) Unbound, except as indi cated in the horizontal 
section (1), (2) None 
(3) None, except for: economic need test (4) Unbound, except as indi cated in the horizontal 
section   
  WT/ACC/SPEC/TJK/2/Rev.1
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Sector or Sub-sector Restrictions on market access Restrictions on na tional treatment Additional commitments
consulting services (CPC 8675) 
(n) Maintenance and repair of 
equipment  
 (CPC 633), except the repair of   
jewellery (CPC 63303*) 
(q) Packaging services (CPC 876), 
except bottling of spirits 
containing alcoholic products   
(s) Mediation services on the 
organization and conduct of 
negotiations, conferences, and meetings 
 (CPC 87909) 
II. COMMUNICATION SERVICES 
1. Postal services  
 (CPC 7511) (1) None  
(2) Unbound  (3) Unbound   
(4) Unbound, except as indi cated in the horizontal 
 section (1) None  
(2) Unbound  (3) Unbound  
(4) Unbound, except as indicated in the horizontal  
 section  
2. Courier services  
 (CPC 7512) (1), (2), (3) None 
(4) Unbound, except as indicated in the horizontal  
 section (1), (2), (3) None 
(4) Unbound, except as indicated in the    
 horizontal section  
3.  Telecommunication services•   
(a) Voice telephone services 
 (CPC 7521)  
(b) Packet-switched data  transmission services 
 (CPC 7523**) 
(c) Circuit-switched data 
 transmission services 
 (CPC 7523**)  (d) Telex services  
 (CPC 7523**) 
(e)  Telegraph services   (CPC 7522) 
(f) Facsimile services 
 (CPC 7521**+7529**) (1) None except as National operator OJSC 
"Tajikitelecom" has the exclusive right for: 
- intercity and international traffic up to 
1 January 2010; 
(2) None  
 
(3) None except as National operator OJSC 
"Tajikitelecom" has the exclusive right for: 
- intercity and international traffic up to 
1 January 2010; 
- providing services of fixed telephone 
communication up to 1 January 2010; 
- local public and non-public network. 
 (1) None 
 
  
(2) None 
 
(3) None except: National operator OJSC 
"Tajikitelecom" has the exclusive right for providing services of fixed telephone 
 communication up to 2010.   
   
 
  
                                                      
• services in the field of telecommunications for the purposes of the given list of specific commitments do not include  service s in broadcasting, satellite and wire broadcasting of 
tele- and/or radio-broadcasting, distributio n and transmission of televi sion and/or sound programs (radio-broadcastings), servi ces of a transmitting network  
 WT/ACC/SPEC/TJK/2/Rev.1 
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Sector or Sub-sector Restrictions on market access Restrictions on na tional treatment Additional commitments
(g) Private leased circuit services  
 (CPC 7522**+7523**) (h) Electronic mail  
 (CPC 75239**);                             
(i) Voice mail   (CPC 7523**) 
(j) On-line information and 
 database retrieval   (CPC 7523**) 
(k) Electronic data interchange 
 (EDI) (CPC 7523**) (l) Enhanced/value-added facsimile 
 services including store and 
 forward, store and retrieve  (CPC 7523**)  
(m) Code and protocol conversion  
(n) On-line information and/or data  processing (including 
 transaction processing)  
 (CPC 843**);  Commercial presence is admitted only in the 
form of  a juridical person of the Republic of Tajikistan, that is a co mmercial organization, 
created in the form of JSC or restricted liability.  
  Share of the foreign participation in the 
authorized capital (voting shares) of a juridical 
person, rendering telecommunication services must not exceed  49%. 
(4) Unbound, except as indi cated in the horizontal 
section  
  
 
  
 
  
(4) Unbound, except as indi cated in the horizontal 
section 
 
III. CONSTRUCTION AND RELATED  ENGINEERING SERVICES 
1. General construction works for 
buildings, except for sports 
buildings  
 (CPC 512)  
2. General construction works for 
civil engineering  
 (CPC 513) 
3. Installation and assembly work 
(CPC 514+516) 
4. Building completion and 
finishing work  
 (CPC 517) 5. Other (CPC 511+515+518) (1), (2) Unbound  
(3) None, except: 
- share of the foreign participations in authorized 
capital of a juridical person must not exceed 50%; 
- no less than 80% of employees of juridical 
persons must consist of citizens of the Republic of Tajikistan 
(4) Unbound, except as indi cated in the horizontal 
section (1), (2) Unbound  
(3) None, except as indi cated in the column of 
"Restriction access on market" 
 
 
  
(4) Unbound, except as indi cated in the horizontal 
section   
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Sector or Sub-sector Restrictions on market access Restrictions on na tional treatment Additional commitments
IV. DISTRIBUTION SERVICES 
Except in respect of the distri bution of the following items: 
- weapon and armament system; 
- military equipment and military materials; 
- explosive materials; 
- equipment and devices for blasting and pyrotechnic items; 
- ethyl spirits, alcoholic and spirits containing products; 
- waste precious metals, precious metals and stones 
- jewellery products of precious metals and stones, antique items; 
- drug substances and psychotropic substances; 
- tobacco products; 
 medicines, medical products,  para-pharmaceutical products.   
1. Commission agents’ services 
(CPC 621) (1) None  
(2) None 
(3) Authorization of local authorities’ is required as 
well as economic need test  
(4) Unbound, except as indi cated in the horizontal 
section (1), (2) None  
 
(3) None  
(4) Unbound, except as indi cated in the horizontal 
section   
2. Wholesale trade services 
(CPC 622) (1) Unbound  
(2) None 
(3) Commercial presence permitted only in form of a 
juridical person of the Republic Tajikistan, as 
well as authorization of local authorities is 
required 
(4) Unbound, except as indi cated in the horizontal 
section (1) None  
(2) None 
(3) None  
 
 (4) Unbound, except as indi cated in the horizontal 
section  
4. Franchising  
 (CPC 8929) (1), (2), (3) None  
(4) Unbound, except as indi cated in the horizontal 
section (1), (2), (3) None 
(4) Unbound, except as indi cated in the horizontal 
section   
V. EDUCATIONAL SERVICES in respect of pr ivate educational inst itutions only   
3. Higher education services 
(CPC 923) 
 4. Adult education  
 (CPC 924) 
 (1), (2) None 
(3) None 
  (4) Unbound, except as indi cated in the horizontal 
section  (1), (2) None 
(3) None, except unbound for access to subsidies and 
other forms of state support  
(4) Unbound, except as indi cated in the horizontal 
section  
5. Other education services 
 - short-term training programs  
 (CPC-92900) (1), (2), (3) None 
 
(4) Unbound, except as indi cated in the horizontal 
section (1), (2), (3) None  
 
(4) Unbound, except as indi cated in the horizontal 
section   
 WT/ACC/SPEC/TJK/2/Rev.1 
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Sector or Sub-sector Restrictions on market access Restrictions on na tional treatment Additional commitments
VI. ENVIRONMENT SERVICES 
1. Sewage services  only in respect 
of services for the collection of 
industrial liquid waste  
 (CPC 9401)   
2. Refuse disposal services 
(CPC 9402) 
3. Sanitation and similar services 
(CPC 9403) (1) Unbound  
(2) None  (3) None  
 
 (4) Unbound, except as indi cated in the horizontal 
section (1) None  
(2) None  (3) None, except for access to subsidies and other 
forms state support 
 (4) Unbound, except as indi cated in the horizontal 
section  
VII. FINANCIAL SERVICES  
1. All Insurance and Insurance services 
(a) Life, accident and health 
insurance services  
 (CPC 8121) 
 (b) Non-life insurance services 
(CPC 8129) 
 
(c) Reinsurance and retrocession  
 (CPC 81299)  (1) Unbound  
(2) Unbound  
 
(3) Commercial presence is  admitted only in the 
form of juridical person of the Republic of 
Tajikistan that is a commercial organisation, 
created in the form of JSC or restricted liability 
company. 
  The general paid capital of the insurance 
organizations, with participation of non-residents 
of Republic of Tajikistan should not exceed 50 % of the total paid capital of the insurance 
organizations on the territory of the Republic of 
Tajikistan.  
 
 At least one third of the Board of the Directors of 
an insurance (reinsurance) company with foreign participation should be citizens of Tajikistan 
 
(4) Unbound, except as indi cated in the horizontal 
section (1) Unbound 
(2) Unbound  
 
(3) None  
 
 
 
  
 
  
 
  
 
  
 
4) Unbound, except as indi cated in the horizontal 
section  
d) Services auxiliary to insurance 
(including broking and agency 
services) (CPC 8140) (1),(2) Unbound, except for: 
 
- Overseas transportation; - Commercial air transportation 
- Insurance, which fully or partially covers: 
 
a) Transportation of natural persons;  (1) Unbound  
 
  
 
 
   
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Sector or Sub-sector Restrictions on market access Restrictions on na tional treatment Additional commitments
b) Transportation of export/import cargoes 
and conveying their transportation, including responsibilities, originating from this, except 
for obligatory insurance;  
c) Transportation of goods by international transport; 
d) Responsibility during trans-border 
transport of individual transports. 
(2) None 
(3) Commercial presence is  admitted only in the 
form of juridical person of the Republic of Tajikistan  
 
 In respect of insurance organizations, that is 
subsidiary in respect of a foreign investor 
(foreign investors), and/or with foreign 
participation in their authorized capital (voting shares), above 49%: 
 
 - unbound, in respect of issue of licenses on the  
 activities in the field of obligatory insurance and 
 insurance of state purchases; 
 - preliminary sanctions are required to open an 
 organization’s branch, that is  a juridical person 
 of the Republic of Tajikistan 
4) Unbound, except as indi cated in the horizontal 
section  
  
 
  
 
 (2) None 
(3) None 
  
 
  
 
  
 
 
 
  
 
 4) Unbound, except as indi cated in the horizontal 
 section. 
2. Banking and other financial 
services (excluding insurance): 
 
(a) Acceptance of deposits and other 
repayable funds from the public   
 
(d) All payment and money 
transmission services  
 (1), (2) Unbound 
(3) Banks should be in the form of a joint-stock 
company.  
The total paid-up authorized capital of banks, with the 
participation of foreign ca pital, may not exceed 35% 
of the aggregate paid-up capital of the banks of 
Tajikistan. 
 - Juridical persons, registered in off-shore zones or 
in non-cooperative countries and territories or 
have affiliates, registered in off-shore zones, or 
individuals, who are participants (founders, 
stockholders) of juridical persons, registered in off-shore zones, listed by the National Bank of (1), (2) Unbound 
(3) Unbound  
 
  
 
  
 
 
 
    
 WT/ACC/SPEC/TJK/2/Rev.1 
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Sector or Sub-sector Restrictions on market access Restrictions on na tional treatment Additional commitments
Tajikistan, may not, directly or indirectly, be the 
founders or shareholders of the Tajikistan resident banks.  
- At least 70% of the employees of a bank with 
foreign participation shall be Tajikistani residents.  
- Opening of branches of foreign banks are 
prohibited in Tajikistan.  
- At least one member of the Board of Directors of 
a bank with foreign participation shall be a 
resident of Republic of Tajikistan  
(4) Unbound except as indicat ed in part I "Horizontal 
commitments"  
  
 
  
 
  
 
 (4) Unbound except as indicat ed in part I "Horizontal 
commitments" 
(b) Lending of all types, including 
inter alia,  consumer credit, mortgage credit, factoring and 
financing of commercial 
transactions 
(c) Financial leasing   
(e) Guarantees and commitments (1) None 
(2) None (3) Banks should be in the form of a joint-stock 
company. The total paid-up authorized capital of 
banks, with the participa tion of foreign capital, 
may not exceed 35% of the aggregate paid-up 
capital of the banks of Tajikistan. 
- Juridical persons, registered in off-shore zones or 
in non-cooperative countries and territories or 
have affiliates, registered in off-shore zones, or individuals, who are participants (founders, 
stockholders) of juridical persons, registered in 
off-shore zones, listed by the National Bank of Tajikistan, may not, directly or indirectly, be the 
founders or shareholders of the Tajikistan 
resident banks.  
- At least 70% of the employees of a bank with 
foreign participation shall be Tajikistani 
residents.  
- Opening of branches of foreign banks are 
prohibited in Tajikistan.  
- At least one member of the Board of Directors of 
a bank with foreign participation shall be a 
resident of Republic of Tajikistan  
(4) Unbound except as indicat ed in part I "Horizontal 
commitments" (1), (2), (3) Unbound 
  
 
 
 
  
 
  
 
  
 
  
 
  
 
  
 
(4) Unbound except as indicated in part I "Horizontal 
 commitments"  
(f) Trading for own account or for 
account of customers, whether on (1), (2) None 
(3)  Juridical persons, registered in off-shore zones or (1), (2) None 
(3)  None   
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Sector or Sub-sector Restrictions on market access Restrictions on na tional treatment Additional commitments
an exchange, in an over-the-
counter market or otherwise, the following : 
- money market instruments 
(cheques, bills, certificates of deposits, etc.);  
- foreign exchange;  
- derivate products, including, but 
not limited to, futures and 
options; 
- exchange rate and interest rate 
instruments, including products 
such as swaps, forward rate 
agreements etc.; 
- transferable securities; 
- other negotiable instruments and 
financial assets, including bullion. legal and natural persons, acting as founders 
(participants, shareholders) of juridical persons, registered in off-shore zones, listed by the 
National Bank, may not act as founders or  
shareholders of the app licant (license holder). 
The applicant (license hold er) must be established 
in the form of a joint-stock company. 
(4) Unbound except as indicat ed in part I "Horizontal 
commitments"  
  
 
  
 
(4) Unbound except as indicat ed in part I "Horizontal 
commitments" 
(g) Participation in issues of all 
kinds of securities, including underwriting and placement as 
agent (whether publicly or 
privately) and provision of services related to such issues (1), (2) None 
(3) A licensee should be in the form of a joint-stock 
company. Juridical person s, registered in off-
shore zones, or individuals and juridical persons, 
registered in off-shore zones, listed by the National Bank of Tajikistan, may not be the 
founders and shareholders of a licensee. 
(4) Unbound except as indicated in part I "Horizontal 
commitments" (1), (2) (3) None 
  
 
  
 
(4) Unbound except as indicated in part I "Horizontal 
commitments"  
(i) Assets management, such as cash 
or portfolio management, all 
forms of collective investment management, pension fund 
management, custodial, 
depositary and trust services: 
 
- management of non institutional 
investor's securities portfolio (1), (2) None 
 
(3) Juridical persons, that are founders (participants, 
shareholders) of juridical persons, registered in 
off-shore zones listed by the National Bank, may 
not be the founders or  shareholders of licensee. A licensee should be in the form of a joint-stock 
company. 
(4) Unbound except as indicated in part I "Horizontal 
commitments" 1), 2), 3) None 
 
  
 
  
 
(4) Unbound except as indicated in part I "Horizontal 
commitments"  
- pension assets investment 
management services 
- investment funds’ assets 
management services 1), 2), 3) Unbound 
 
(4) Unbound except as indicated in part I “Horizontal 
commitments” 1), 2), 3) Unbound 
 
(4) Unbound except as indicated in part I “Horizontal 
commitments”   
 WT/ACC/SPEC/TJK/2/Rev.1 
Page 16 Mode (s) of Supply: (1) Cross –border supply  (2) Consumption abroad  (3) Commercial presence  (4) Presence of natural persons 
Sector or Sub-sector Restrictions on market access Restrictions on na tional treatment Additional commitments
(j) Settlement and clearing services 
for financial assets, including securities, derivative products, 
and other negotiable instruments (1), (2) None 
 (3) Juridical persons, registered in off-shore zones, or 
individuals and juridical persons, that are 
founders (participants, shareholders) of juridical persons, registered in off-shore zones, listed by 
the National Bank, may not be the founders of a 
licensee. A licensee should be in the form of a joint-stock company. 
 
(4) Unbound except as indicated in part I "Horizontal  commitments" 1), 2), 3) None 
  
 
  
 
  
 
(4) Unbound except as indicated in part I "Horizontal  commitments"  
(l) Provision and transfer of 
financial information, and 
financial data processing and related software by providers of 
other financial services 
(k) Advisory and other auxiliary 
financial services on all the 
activities listed in Article 1B of MTN.TNC/W/50, including 
credit reference and analysis, 
investment and portfolio research and advise on acquisitions and on 
corporate restructuring and 
strategy 1), 2), 3) None 
 
(4) Unbound except as indicated in part I "Horizontal  commitments" 1), 2), 3) None 
 
(4) Unbound except as indicated in part I "Horizontal  commitments"  
IX. TOURISM AND TRAVEL-RELATED SERVICES 
1. Hotels and restaurants (including 
catering) (CPC 641-643)  
2. Travel agencies and tour 
operators services  
 (1), (2) None  
 
(3) None, except for economic need test  
(4) Unbound, except as indi cated in the horizontal 
 section (1) None  
(2) None 
(3) None  
(4) Unbound, except as indi cated in the horizontal 
 section  
X. RECREATIONAL, CULTURAL AND SPORTING SERVICES 
1. Entertainment services  (1) None  
(2) None  
(3) None, except: limited to the theatres, musical 
ensembles and bands, dance troupes  
(4) Unbound, except as indi cated in the horizontal 
section (1) None  
(2) None  
(3) None, except unbound as relating to access to 
subsidies and other forms of state support  
(4) Unbound, except as indi cated in the horizontal 
section   
  WT/ACC/SPEC/TJK/2/Rev.1
 Page 17Mode (s) of Supply: (1) Cross –border supply  (2) Consumption abroad  (3) Commercial presence  (4) Presence of natural persons 
Sector or Sub-sector Restrictions on market access Restrictions on na tional treatment Additional commitments
XI. TRANSPORT SERVICES    
3.  Air Transport cervices    
(d) Maintenance and repair of rail 
transport equipment (1) Unbound. 
(2) None (3) None, except commercial presence allowed only 
in form of juridical person 
(4) Unbound except as indicated in part I "Horizontal 
commitments" (1) Unbound. 
(2), (3) None  
 
(4) Unbound except as indicated in part I "Horizontal 
commitments"  
6.  Road Transport services    
(d) Maintenance and repair of road 
transport equipment 
(CPC 6112, 8867) (1) Unbound. 
(2) None 
(3) None, except commercial presence allowed only 
in form of juridical person 
(4) Unbound except as indicated in part I "Horizontal 
commitments" (1) Unbound. 
(2), (3)None 
  
(4) Unbound except as indicated in part I "Horizontal 
commitments"  
 
 WT/ACC/SPEC/TJK/2/Rev.1 
Page 18  
 
 ANNEX 1 
REFERENCE PAPER
 
Scope  
The following are principals on the regulatory fra mework 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 mate rially affect the terms of participation 
(having regard to price and supply) in the releva nt 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 comp etitors with anti-competitive results; and 
(c) not making available to other services suppliers on a timely basis technical information 
about essential facilities and commercially rele vant information which are necessary for 
them to provide services. 
2. Interconnection  
2.1 This section applies to linking with supplie rs 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 anot her supplier, where specific commitments are 
undertaken. 
2.2 Interconnection to be ensured   WT/ACC/SPEC/TJK/2/Rev.1 
 Page 19 
 
 
 Interconnection with a major supplier will be ensu red at any technically feasible point in the 
network.  Such interconnection is provided. 
(a) under non-discriminatory terms, conditio ns (including technical standards and 
specifications) and rates and of a quality no l ess 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 (i ncluding technical standards and specifications) 
and cost-oriented rates that are transparen t, 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 netw ork termination points offered to the majority 
of users, subject to charges that reflect th e cost of construction of necessary additional 
facilities. 
2.3 Public availability of the procedures fo r interconnection for interconnection negotiations
 
 The procedures applicable for interconnecti on 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 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 regulatory body as referred to in paragraph 5 
below, to resolve disputes regarding appropriate te rms, 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  
 Kyrgyz Republic has the right to define th e 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-discriminator y and competitively neutral manner and are not more 
burdensome than necessary for the kind of universal  service defined by the Kyrgyz Republic. 
4. Public availability of licensing criteria  
 Where a license 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 license; and 
(b) the terms and conditions  of individual licenses. WT/ACC/SPEC/TJK/2/Rev.1 
Page 20  
 
 The reasons for the denial of a license will be  made known to the applicant upon request. 
5. Independent regulators
 
 The regulatory body is separate from, and not accountable to, any supplier of basic telecommunications services.  The decisions of a nd the procedure 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 s carce resources, including frequencies, numbers 
and rights of way, will be carried out in an obj ective, 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 in not required. 
 
__________