RESTRICTED  WORLD TRADE  
ORGANIZATION  TN/S/O/PER/Rev.1 
28 June 2005 
 
 (05-2762) 
Council for Trade in Services 
Special Session Original:   Spanish 
 
 
 
PERU 
 
Revised Offer  
 
 
 The following revised offer was received from the delegation of Peru on 22 June 2005 with 
the request that it be circulated to Memb ers of the Council for Trade in Services. 
 
_______________ 
 
 
 Peru considers it necessary for the Doha R ound to achieve ambitious results in each 
negotiating area if all WTO Members are to derive concrete benefits from multilateral liberalization 
and improved trade disciplines.  
 Peru is accordingly committed to an ambitious  outcome in the negotiations on market access 
for services, particularly in sectors and modes of supply of interest to the developing countries.  It is therefore submitting an improved offer that reflects its commitment to the process. 
  Peru's improved offer is conditional upo n the commitments undertaken by other WTO 
Members in sectors and modes of interest to Peru and on the outcomes on issues relating to domestic 
regulation and GATS rules, especially disciplines on services subsidies.  Commitments additional to 
those set forth in Peru's improved offer will depe nd on results achieved in other areas of the Doha 
Round.   Peru reserves the right to withdraw, amend or reduce its improved offer, in whole or in part, 
at any time prior to the conclusion of the negotiatio ns on market access for services.  It also reserves 
the right to make technical amendments and co rrections to rectify any errors, omissions or 
inaccuracies in this offer.  
 TN/S/O/PER/Rev.1 
Page 2 PERU – CONSOLIDATED SCHEDULE OF SPECIFIC COMMITMENTS 
 
Modes of supply (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons 
Sector or subsector Limitations on market access Limitations on national  treatment Additional commitments 
I. HORIZONTAL COMMITMENTS 
 
ALL SECTORS INCLUDED IN 
THIS SCHEDULE    
 (3) Unbound, with the exception of the 
following: 
 
 Legislative Decree No. 662, Law on the 
Promotion of Foreign Investment, pr ovides that 
Foreign investors and the enterprises in which 
they participate have the same rights and 
obligations as domestic investors and enterprises, the only exceptions being those laid 
down in Peru's Political Constitution. and in the 
aforementioned Le gislative Decree.  
 
 Foreign investment must be  registered with the 
competent national authority .  In connection 
with property, Peru's Political Constitution 
provides that  within 50 km. of the frontier 
foreigners may not under any circumstances 
directly or indirectly purchase or own mines, 
land, woodland, water resources, fuel or energy sources, whether individually or as a company, 
on penalty of transfer of the rights thus acquired 
to the State. 
 
 In addition, Legislative Decree No. 757, 
Framework Law for t he Promotion of Private 
Investment, specifies the rights, guarantees and 
obligations applicable to all domestic or 
foreign natural or legal persons owning 
investments in Peru in order to ensure freedom 
of initiative and existing or future private 
investmen t in all sectors included in this 
Schedule and in all forms of enterprises or     
  TN/S/O/PER/Rev.1
 Page 3Modes of supply (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons 
Sector or subsector Limitations on market access Limitations on national  treatment Additional commitments 
  contracts permitted by the Constitution and 
legislation.  
   
 (4) Unbound, with the exception of the 
following except for measures relating to the 
entry and temporary stay of natural persons 
in the following categories, as set forth in 
document TN/S/W/31: 
 
1. Intra-corporate transferees  
 
 Employees of a company, partnership or 
firm who are transferred temporarily for the 
supply of a service through commercial 
presence (through a representative office, 
branch, subsidiary or affiliate) in Peru. 
 
 This includes executives, managers, 
specialists and employees in training, as 
defined below: 
 
 Executives  are those who primarily direct 
the management of the organization and 
exercise wide latitude in decision-making. 
 
 Managers  are those who primarily direct the 
organization/department/subdivision and 
exercise supervisory and control functions 
over other supervisory, managerial or 
professional staff. 
 
 Specialists  are those who possess knowledge 
at an advanced level of expertise essential to 
the establishment/provision of the service 
and/or possess proprietary knowledge of the 
organization. 
    
 TN/S/O/PER/Rev.1 
Page 4 Modes of supply (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons 
Sector or subsector Limitations on market access Limitations on national  treatment Additional commitments 
  Other categories : 
 
 Highly skilled technical personnel  are those 
with medium-level, post-secondary or 
technical education who are certified from 
a technical training college and possess all 
duly validated documents necessary to 
practise their occupation in the State Party 
from which they originate. 
   
  Intra-corporate transferees may provide 
services in Peru, under a written 
employment contract of specific duration 
approved by the Ministry of Labour, for a 
period of three years, renewable for equal, 
successive periods, subject to the 
undertaking to train Peruvian personnel in 
the same occupation. 
   
 2. Business visitors   
 
 Representatives of a service supplier who 
enter the territory of Peru temporarily for 
the sale of goods or services or for business, 
investment or market research purposes, 
provided that they do not receive 
remuneration in Peru and are not involved 
in the direct sale of goods or services.  This 
includes the following subcategories: 
 
 (i)  Service sellers; 
 (ii)  persons responsible for establishing a 
 commercial presence. 
 
 Business visitors are entitled to stay in Peru 
for a period of up to 90 days, which may be 
extended for a further single period of 
30 days within a given calendar year.    
  TN/S/O/PER/Rev.1
 Page 5Modes of supply (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons 
Sector or subsector Limitations on market access Limitations on national  treatment Additional commitments 
 3. Contractual service suppliers – Employees of 
juridical person 
 
 Employees of a foreign-based company, 
partnership or firm who enter the territory 
of Peru temporarily in order to perform a 
service pursuant to a contract(s) between 
their employer and a service consumer(s) in 
Peru. 
 
 Contractual service suppliers (employees of 
juridical person) may provide services in 
Peru, under a written employment contract 
of specific duration approved by the 
Ministry of Labour, for a period of three 
years, renewable for equal, successive 
periods, subject to the undertaking to train 
Peruvian personnel in the same occupation. 
   
 4. Independent professionals 
 
 Natural persons who enter the territory of 
another WTO Member temporarily in order 
to perform a service pursuant to a 
contract(s) between them and any service 
consumer located in the territory of the 
other Member. 
 
 Independent profe ssionals may provide 
services in Peru, under a written 
employment contract of specific duration 
approved by the Ministry of Labour, for a 
period of three years, renewable for equal, 
successive periods, subject to the 
undertaking to train Peruvian personnel in 
the same occupation. 
  
    
 TN/S/O/PER/Rev.1 
Page 6 Modes of supply (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons 
Sector or subsector Limitations on market access Limitations on national  treatment Additional commitments 
 5. Other categories  
 
(i) Spouses and families of temporary workers:  
 Spouses, children under 18 years of age, 
single daughters, parents and dependents of 
temporary workers are all entitled to the 
same immigration status in the case of 
temporary workers of categories 1, 3 and 4.  
Duration of stay is the same as that applied 
to temporary workers.   
  
 Spouses seeking to work are required to 
submit their contracts of employment for 
approval by the Ministry of Labour. 
 
(ii) Students (company personnel): 
 
 This category encompasses students entering 
the country for the purpose of studying in 
State-approved institutes or centres of 
education, who may not receive income from 
Peruvian sources other than payment for 
professional activities or jobs performed 
during holiday periods, subject to 
authorization from the competent authority. 
 
 Students may opt for either of the following:  
 - Temporary visa, valid 90-days and 
 extendable to up to one year; 
 
 - permanent visa, valid for one year and 
 renewable until completion of studies. 
    
  TN/S/O/PER/Rev.1
 Page 7Modes of supply (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons 
Sector or subsector Limitations on market access Limitations on national  treatment Additional commitments 
 In the case of natural persons providing services 
and employed by service -providing companies 
in the sectors and subsectors included in this 
Schedule who are nationals of countries 
members of the General Agreement on Tra de in 
Services (GATS), Peru permits entry for a 
period of not more than three years, which may 
be extended for successive periods of not more 
than three years.  Such persons may not 
comprise more than 20 per cent of the total staff 
employed by the enterpri se and their 
remuneration may not exceed 30 per cent of the 
total payroll.  These percentages do not apply in 
the following cases:    
  
 The following measures apply to persons in 
categories 1 (Intra-corporate transferees), 3 
(Contractual service suppliers – Employees 
of juridical person) and 4 (Independent 
professionals): 
   
  Employers in all spheres of activity and 
irrespective of their nationality must give 
preference to the recruitment of Peruvian 
nationals. 
 
 Foreign natural pe rsons may not exceed 
20 per cent of the total number of a company's 
employees nor may their remuneration exceed 
30 per cent of the total payroll.  These 
percentages do not apply in the following 
cases: 
    
 TN/S/O/PER/Rev.1 
Page 8 Modes of supply (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons 
Sector or subsector Limitations on market access Limitations on national  treatment Additional commitments 
 - If the foreign services supplier is the 
spouse, parent, child or sibling of a 
Peruvian citizen; 
 - in the case of personnel of foreign 
enterprises providing international land, air 
or water transport under a foreign flag and foreign registration; 
   
 - in the case of foreign personnel working in 
multinational service enterprises or multinational banks subject to the legal 
regulations applicable to these specific 
cases; 
    
 - in the case of foreign investors who hold a 
minimum of five Peruvian tax units (unidades impositivas tributarias )
1 
throughout the term of the contract; 
   
 - in the case of artists, athletes or other 
suppliers of services taking part in public 
performances in Peru for a maximum of three months each year. 
   
  Employers may request exemption from the 
percentages restricting the number of foreign 
workers and their remuneration as a proportion 
of the enterprise's payroll in the following 
cases: 
 
- Specialized professional or technical 
personnel; 
   
                                                      
1 The "unidad impositiva tributaria" (UIT) is a reference amount used in tax regulations  to ensure that t axable bases, deductions , ceilings, and any other tax matter as parliament 
may deem appropriate, are expr essed in constant values.  
  TN/S/O/PER/Rev.1
 Page 9Modes of supply (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons 
Sector or subsector Limitations on market access Limitations on national  treatment Additional commitments 
 - managerial and/or administrative personnel 
involved in new business activities or 
business reconversion; 
 
- professors/lecturers of higher education, 
primary or secondary school teachers in 
foreign private schools, or language teachers in Peruvian private schools or 
specialized language centres; 
 
- personnel of public or private enterprises 
with a contract with a 
body/institution/company in the public sector; 
 
- and in any other case provided for by 
supreme decree on the basis of special 
expertise, skills, or experience. 
   
  
 TN/S/O/PER/Rev.1 
Page 10 Modes of supply (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons 
Sector or subsector Limitations on market access Limitations on national  treatment Additional commitments 
II. SECTOR-SPECIFIC COMMITMENTS  
1. BUSINESS SERVICES 
 
A. Professional services  
    
(a) Legal services  
 (CPC861)  
 (1) Unbound 
(2) None 
(3) None 
(4) Unbound, except as indicated in the  
 horizontal section.  (1) Unbound 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section.   
(b) Accounting, auditing and 
book-keeping services 
(CPC 862) , solely:  
 - Financial auditing 
services  
  (CPC 86211)  
 - Accounting review 
services  
  (CPC 86212)  
 - Compilation of 
financial statements 
services  
  (CPC 86213)  
 - Book -keeping services, 
except tax returns  
  (CPC 86220)  
 (1) Unbound 
(2) Unbound None 
(3) None  In order to be able to provide 
accounting, auditing and book -keeping 
services, foreign professionals must have their 
professional qualifications officially 
recognized.  They must also join the relevant 
professional association in accordance with 
Article 5 of Law No. 13253 of 
11 September  1959.  Accounting, auditing and 
book -keeping services are governed by all 
provisions of the College of Public 
Accountants. SBS (Banking and Insurance 
Supervision Department) Resolution  
No. 119 -92 on the registration of companies for 
external auditing also applies.  
(4) Unbound, except as indicated in the horizontal 
section. 
 (1) Unbound 
(2) Unbound None 
(3) None  
 
  
 
  
 
  
 
  
(4) Unbound, except as indicated in the horizontal 
section. 
   
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(d) Architectural services ,  
  (CCP8671) 
   solely  other than : 
 - Other architectural 
services  
  (CPC 86719 ) 
 - Advisory and pre -
design architectural 
services  
  (CPC 86711)  
  Architectural design 
services  
  (CPC 86712)  
 - Contract 
administrations 
services  
  (CPC 867 13) 
 -- Combined architectural 
 design and contract 
 administration services  
  (CPC 86714)  (1) Unbound 
(2) Unbound  None 
(3) None   In order to be able to provide 
architectural and engineering services, foreign 
professionals must have their professional 
qualifications officially recognized.  This 
requirement may be waived in the case of 
reciprocal conventions.  They must also join the 
relevant professional association in accordance 
with Article I of Law  No. 24648 of 23 January 
1987, which may be done on a t emporary basis.  
There may be a difference in the amount of the 
enrolment dues for Peruvians and foreigners.  
(4) Unbound, except as indicated in the horizontal 
section. 
 (1) Unbound 
(2) Unbound  None 
(3) None, except that there may be a difference in 
the amount of the enrolment fees for Peruvians 
and for foreigners. 
 
  
 
  
 
 (4) Unbound, except as indicated in the horizontal 
 section.  
 
 (e) Engineering services  
 (CPC 8672) , 
 solely  other than : 
 - Other engineering 
services  
  (CPC 86729)  
 - Advisory and 
consu ltative 
engineering services  
  (CPC 86721)  
 - Engineering design 
services for the 
construction of 
foundations and 
building structures  
  (CPC 86722)  
 
 (1) Unbound 
(2) Unbound  None 
(3) None   In order to be able to provide 
architectural and engineering ser vices, foreign 
professionals must have their professional 
qualifications officially recognized.  This 
requirement may be waived in the case of 
reciprocal conventions.  They must also join the 
relevant professional association in accordance 
with Article I o f Law  No. 24648 of 
23 January  1987, which may be done on a 
temporary basis.  There may be a difference in 
the amount of the enrolment dues for Peruvians 
and foreigners.  
(4) Unbound, except as indicated in the horizontal 
section. 
 (1) Unbound 
(2) Unbound  None 
(3) None, except that there may be a difference in 
the amount of the enrolment fees for Peruvians 
and for foreigners.  
 
 
 
 
  
 
  
(4) Unbound, except as indicated in the horizontal 
 section.   
 TN/S/O/PER/Rev.1 
Page 12 Modes of supply (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons 
Sector or subsector Limitations on market access Limitations on national  treatment Additional commitments 
 - Engineering design 
services for mechanical 
and el ectrical 
installations for 
buildings  
  (CPC 86723)  
    
 - Engineering design 
services for the 
construction of civil 
engineering works 
(CPC 86724)  
    
 - Engineering design 
services for industrial 
processes and 
production  
  (CPC 86725)  
    
 - Engineeri ng design 
services n.e.c.  
  (CPC 86726)  
    
 - Other engineering 
services during the 
construction and 
installation phase  
  (CPC 86727)  
    
(f) Integrated engineering 
services 
 (CPC 8673) 
 (1) Unbound 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section.  (1) Unbound 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section.  
(g) Urban planning and 
landscape architectural 
services 
 (CPC 8674) 
 (1) Unbound 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section. (1) Unbound 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section.   
  TN/S/O/PER/Rev.1
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(j) Services provided by 
midwives, nurses, 
physiotherapists and 
para-medical personnel 
 (CPC 93191) 
 (1) Unbound 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section.  (1) Unbound 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section.   
(k) Other , solely: 
 - Management consulting 
services for advice, 
guidance and 
operational assistance related to tourism 
development   
  (CPC 86509)  (1) None 
(2) None 
(3) None 
(4) Unbound, except as indicated in the horizontal 
section. 
 
 (1) Unbound 
(2) Unbound 
(3) None 
(4) Unbound, except as indicated in the horizontal 
section. 
 
  
B. Computer and related 
services  
    
(a) Consultancy services 
related to the installation 
of computer hardware 
 (CPC 841) 
 (1) None 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section.  (1) None 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section.   
(b) Software implementation 
services 
 (CPC 842) 
 (1) None 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section.  (1) None 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section.   
(c) Data processing services 
 (CPC 843) 
 (1) None 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section.  (1) None 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section.  See attached sheet.  
 TN/S/O/PER/Rev.1 
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(d) Database services 
 (CPC 844) 
 (1) None 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section. 
 (1) None 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section.   
(e) Other 
 (CPC 845 + 849) 
 (1) None 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section. 
 (1) None 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section.   
C. Research and 
development services 
    
(a) Research and 
development services – 
Natural sciences 
 (CPC 851) 
 (1) Unbound 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section.  (1) Unbound 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section.   
(b) Research and 
development services – 
Social sciences and 
humanities 
 (CPC 852) 
 (1) Unbound 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section.  (1) Unbound 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section.   
(c) Interdisciplinary 
research and 
development services 
 (CPC 853) 
 (1) Unbound 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section. 
 (1) Unbound 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section.    
  TN/S/O/PER/Rev.1
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D. Real estate services    
(a)  Involving own or leased 
property 
 (CPC 821) 
 (1) Unbound 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section. 
 (1) Unbound 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section.   
(b) On a fee or contract basis 
 (CPC 822) 
 
 (1) Unbound 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section. (1) Unbound 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section.  
E. Leasing or rental services 
without operator  
    
(b) Leasing or rental services 
concerning aircraft 
without operator 
 (CPC 83104) 
 (1) Unbound 
(2) Unbound  
(3) None, except for the following: 
 
 In civil aviation, chartering is of a 
complementary nature.  Domestic 
providers of regular international 
passenger, cargo and mail (mixed) air 
transport services are authorized to charter 
aircraft from foreign companies in the 
following cases: 
 (1) Unbound 
(2) Unbound 
(3) None 
  
 - When air operations commence on a 
new route, for a period of 90 calendar 
days, which may be extended for a 
further 90 calendar days with the air 
operator's approval; 
 
- in the event of a legal restriction 
preventing an aircraft of a Peruvian 
company from operating in another 
country by its own means, chartering is 
approved solely for the routes  and the 
time period allowed by the restriction;    
 TN/S/O/PER/Rev.1 
Page 16 Modes of supply (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons 
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 - in the event that an aircraft technical 
problem should threaten to paralyze 
regular operations, authorization should 
not exceed 90 calendar days but may be 
extended subject to the approval of the 
Directorate-General of Civil Aviation's 
Air Security Directorate.   
  For reasons of public necessity or national 
interest, domestic air transport service 
providers may be authorized to conclude 
charter contracts with foreign companies 
for the provision of services within Peru.  
Authorization is granted by supreme decree 
upon a proposal by the sector. 
   
 (4) Unbound, except as indicated in the 
horizontal section. (4) Unbound, except as indicated in the 
horizontal section.   
(c) Leasing or rental services 
concerning other transport 
equipment without operator 
(CPC 83101, 83102, 
83105) , solely:  (1) Unbound 
(2) Unbound 
(3) None (4) Unbound, except as indicated in the horizontal 
section. (1) Unbound 
(2) Unbound 
(3) None (4) Unbound, except as indicated in the horizontal 
section. 
  
- Leasi ng or rental services 
concerning private cars 
without operator, without 
purchase option  
 (CPC 83101)    
  
(d) Leasing or rental services 
concerning other 
machinery and equipment 
without operator 
 (CPC 83106-83109) 
 (1) Unbound 
(2) Unbound 
(3) None 
(4) Unbound, except as indicated in the 
horizontal section. (1) Unbound 
(2) Unbound 
(3) None 
(4) Unbound, except as indicated in the 
horizontal section.   
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(e) Other 
 (CPC 832) 
    
F. Other business services  
    
(a) Advertising services  
 solely: (1) Unbound 
(2) Unbound (1) Unbound 
(2) Unbound  
 - Sale or leasing services 
of advertising space or time  
  (CPC 87110) 
 - Planning, creating and 
placement services of 
advertising 
  (CPC 87120)  (3) None  Commercial advertising produced or 
created outside Peru and transm itted by any 
communication media in the country must pay 
the appropriate duties.  For the purposes of 
assessing and applying the tariffs, such 
advertising will be treated as cinematographic 
films for showing in Peru, as appropriate.  
Communication media tr ansmitting commercial 
advertising produced or created outside Peru 
shall require guarantees of payment of the 
appropriate duties.  
(4) Unbound, except as indicated in the horizontal 
section. (3) None 
  
 
  
 
  
 
 (4) Unbound, except as indicated in the horizontal 
section. 
  
(b) Market research and public 
opinion polling services 
 (CPC 864) (1) None 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
horizontal section. 
 (1) None 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section.   
(c) Management consulting 
services  
 (CPC 865) (1) None 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
horizontal section. 
 (1) None 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section.   
(d) Services related to 
management consulting 
(CPC 866) (1) None 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
horizontal section. 
 (1) None 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section.    
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(k) Placement and supply 
services of personnel 
 (CPC 872) (1) None 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
horizontal section. 
 (1) None 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section.   
(o) Building-cleaning services 
(CPC 874) (1) None 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
horizontal section. 
 (1) None 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section.   
(q) Packaging services 
 (CPC 876) (1) None 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
horizontal section. 
 (1) None 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section.   
(s) Convention services 
 (CPC 87909*) (1) Unbound 
(2) Unbound (3) None 
(4) None (1) Unbound 
(2) Unbound (3) None 
(4) None 
  
(t) Other – Other commercial 
services: 
 
 - Collection agency 
 services 
  (CPC 87902) 
 - Telephone answering 
 services 
  (CPC 87903) 
 - Duplicating services 
  (CPC 87904) 
 - Translation and 
 interpretation services 
  (CPC 87905)  (1) None 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section.  (1) None 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section.    
  TN/S/O/PER/Rev.1
 Page 19Modes of supply (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons 
Sector or subsector Limitations on market access Limitations on national  treatment Additional commitments 
 - Mailing list 
 compilation and 
 mailing services 
  (CPC 87906) 
 - Specialty design 
 services 
  (CPC 87907)     
 
2. COMMUNICATIONS 
 SERVICES 
 C. Telecommunications 
services  
    
(a) Voice telephone services (1) Fixed te lephone services will be under a regime 
of exclusivity until June 1999.  (1) None  
  None, except that the supply of telephone 
services based on call attempts made within the 
country in order to obtain a call-back with a dial 
tone from networks stemming from a basic telecommunications network located outside the 
national territory is not permitted. 
   
  Interconnection among private services is 
prohibited. 
   
  A concession is required for the provision of 
public telecommunications services, except in 
the case of value-added services, where only 
registration is necessary. 
   
  Foreign companies wishing to provide or 
operate telecommunications services in Peru 
must be domiciled in the country. 
    
 TN/S/O/PER/Rev.1 
Page 20 Modes of supply (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons 
Sector or subsector Limitations on market access Limitations on national  treatment Additional commitments 
 (2) None, except that the supply of telephone 
services based on call attempts made within the 
country in order to obtain a call-back with a dial 
tone from networks stemming from a basic telecommunications network located outside the 
national territory is not permitted. 
 (2) None  
 (3) Fixed telephone services will be under a regime 
of exclusivity until June 1999.  
 (3) None  
  The number of concessionaires of a particular 
service may be restricted for technical reasons .  
In such cases, concessions must be granted 
through public invitation to tender.  
   
  None, other than that a concession is required 
for the provision of public telecommunications 
services, except in the case of value-added 
services, where only registration is necessary. 
   
  Foreign companies wishing to provide or 
operate telecommunications services in Peru 
must be domiciled in the country. 
   
  Interconnection among private services is 
prohibited. 
 
(4) None, except as indicated  in the horizontal 
section.  
 
 
(4) Unbound, except as indicated in the horizontal 
section.  
(b) Packet-switched data 
 transmission services 
 
(c) Circuit-switched data  transmission services 
 
(d) Telex services (1) None for the provision of the service in local 
concession areas.  
 
 Supply of the service for national and 
international long -distance communications 
must use the carrier services granted in 
exclusivity until June 1999 inclusive.  (1) None  See attached sheet.  
  TN/S/O/PER/Rev.1
 Page 21Modes of supply (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons 
Sector or subsector Limitations on market access Limitations on national  treatment Additional commitments 
(e) Telegraph services 
 
(f) Facsimile services 
(g) Private leased circuit  Private leased long-distance circuit service are 
considered a form of operation of carrier services. 
 Until June 1999, persons who establish or have 
   
 services 
 (o) Other  established a private service are not authorized:    
 - Analogue/digital 
mobile/cellular services 
 
 - Personal 
communication services 
  (i) to use lines or circuits for the supply of 
telecommunications services, including 
signal transport and the resale of capacity 
to third persons; or    
 - Paging services 
 
 - Mobile data services 
  - Trunking services  (ii) to interconnect leased lines or circuits to 
the public telecommunications network.  
 
 Interconnection among private services is 
prohibited. 
   
 (2) None 
 (2) None  
 (3) None for the provision of the service in local 
concession areas. 
 (3) None  
  The provision of the service for national and 
international long -distance communications 
must use the carrier services granted in 
exclusivity until June 1999.  
   
  The number of concessionaires of a particular 
service may be limited for technical reasons .  In 
such cases, concessions must be granted 
through public invitation to tender.  
   
  Until June 1999, persons who establish or have 
established a private service are not authorized:  
    
 TN/S/O/PER/Rev.1 
Page 22 Modes of supply (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons 
Sector or subsector Limitations on market access Limitations on national  treatment Additional commitments 
  (i) to use lines or circuits for  the supply of 
telecommunications services, including 
signal transport and the resale of capacity 
to third persons;  or 
   
  (ii) to interconnect leased lines or circuits to 
the public telecommunications network.    
  Interconnection among private services is 
prohibited. 
   
 (4) None, except as indicated in the horizontal 
section. (4) Unbound, except as indicated in the horizontal 
section. 
  
- Electronic message and 
information services 
 (CPC 75232) (1) None, other than the limits indicated in 
(3) below. 
(2) Unbound 
 (1) None 
 
(2) Unbound  
 Only includes: 
 - Facsimile: fax storage 
and retransmission 
 - Videotext 
 - Teletext 
 - Teletex  - Teleaction 
 - Remote control 
 - Telealarm  - Data storage and 
retrieval  
 - Teleprocessing and data 
processing 
 - Interpersonal 
messaging 
 - Voice messaging 
 - Advice service  - Packet-switched data 
service 
  (3) None, except that The installation and 
operation of a private network, in such cases as 
is strictly necessary and only as a complement 
to the public network which  it uses for its basic 
support for the exclusive supply of value -added 
services, requires special prior authorization, 
equivalent to that for a private radio 
communication service, to be granted by the 
competent national authority.  Such  
authorization shall not be granted if, in the 
place where the private network is to be 
installed, there are public carrier services or 
teleservices which can meet the requirements of 
supplying the value-added services.  The 
definition of value added telecommunication 
servic es included in this Schedule can be found 
in Article 102 of D.S. No. 06 94 TCC.. The 
competent national authority is authorized to 
suspend the supply of value-added services 
when the operation interferes with the telecommunication network. 
 (3) None   
  TN/S/O/PER/Rev.1
 Page 23Modes of supply (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons 
Sector or subsector Limitations on market access Limitations on national  treatment Additional commitments 
  Natural and legal persons who wish to supply 
value added services must be entered in the 
Register of Suppliers of Value Added Services 
prior to commencing.  
   
 (4) Unbound, except as indicated in the horizontal 
section. 
 (4) Unbound, except as indicated in the horizontal 
section 
  
4. DISTRIBUTION 
SERVICES 
 
B. Wholesale trade services  
(CPC 622) , 
 solely other than :    
 - Wholesale trade 
services of waste and 
scrap and materials 
for recycling 
   (CPC 62278) 
 (1) Unbound 
(2) Unbound 
(3) None 
(4) Unbound, except as indicated in the horizontal 
section (1) Unbound 
(2) Unbound 
(3) None 
(4) Unbound, except as indicated in the horizontal 
section  
 - Wholesale trade 
services of grain, 
oilseeds and oleaginous 
fruits, seeds and animal 
feed 
  (CPC 62211)  
    
 - Wholesale trade 
services of flowers and 
plants  
  (CPC 62212)  
    
 - Wholesale trade 
services of 
unmanufactured 
tobacco  
   (CPC 62213)  
     
 TN/S/O/PER/Rev.1 
Page 24 Modes of supply (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons 
Sector or subsector Limitations on market access Limitations on national  treatment Additional commitments 
 - Wholesale trade 
services of live animals  
  (CPC 62214)  
    
 - Wholesale trade 
services of hides and 
skins and of leather  
  (CPC 62215)  
    
 - Wholesale  trade 
services of agricultural 
raw materials  
  (CPC 62219)  
    
 - Wholesale trade 
services of fruit and 
vegetables  
  (CPC 62221)  
    
 - Wholesale trade 
services of dairy 
products, eggs and 
edible oils and fats 
(CPC 62222)  
    
 - Wholesale trade 
service s of meat, 
poultry and game  
  (CPC 62223)  
    
 - Wholesale trade 
services of fishery 
products  
  (CPC 62224)  
    
 - Wholesale trade 
services of sugar, sugar 
and flour confectionery 
and bakery products  
   (CPC 62225)      
  TN/S/O/PER/Rev.1
 Page 25Modes of supply (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons 
Sector or subsector Limitations on market access Limitations on national  treatment Additional commitments 
 - Wholesale trade 
services of beve rages 
(CPC 62226)  
    
 - Wholesale trade 
services of coffee, tea, 
cocoa and spices  
  (CPC 62227)  
    
 - Wholesale trade 
services of tobacco 
products  
  (CPC 62228)  
    
 - Wholesale trade 
services of food 
products  
  (CPC 62229)  
    
 - Wholesale trade 
services of textiles  
  (CPC 62231)  
    
 - Wholesale trade 
services of household 
linens  
  (CPC 62232)  
    
 - Wholesale trade 
services of articles of 
clothing  
  (CPC 62233)  
    
 - Wholesale trade 
services of fur articles  
  (CPC 62234)  
     
 TN/S/O/PER/Rev.1 
Page 26 Modes of supply (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons 
Sector or subsector Limitations on market access Limitations on national  treatment Additional commitments 
 - Wholesale trade  
services of footwear 
(CPC 62235)  
    
 - Wholesale trade 
services of clothing 
accessories  
  (CPC 62236)  
    
 - Wholesale trade 
services of household 
furniture  
   (CPC 62241)  
    
 - Wholesale trade 
services of household 
appliances  
  (CPC 62242)  
    
 - W holesale trade 
services of cutlery, 
domestic metalware and 
lighting articles and 
equipment  
  (CPC 62243)  
    
 - Wholesale trade 
services of radio and 
television equipment, 
musical instruments and 
records, music scores 
and tapes  
  (CPC 62244)  
    
 - Whole sale trade 
services of glassware, 
china and pottery  
   (CPC 62245)  
     
  TN/S/O/PER/Rev.1
 Page 27Modes of supply (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons 
Sector or subsector Limitations on market access Limitations on national  treatment Additional commitments 
 - Wholesale trade 
services of wickerwork, 
cork goods, cooper's 
ware and other wooden 
ware  
  (CPC 62246)  
    
 - Wholesale trade 
services of wallpaper 
and floor coverings  
  (CPC 62247)  
    
 - Wholesale trade 
services of household 
appliances, articles and 
equipment  
  (CPC 62249)  
    
 - Wholesale trade 
services of 
pharmaceutical and 
medical goods  
  (CPC 62251)  
    
 - Wholesale trade 
services of surgical and 
orthopaedic instruments 
and devices  
   (CPC 62252)  
    
 - Wholesale trade 
services of perfumery, 
cosmetics and soaps  
  (CPC 62253)  
    
 - Wholesale trade 
services of paper and 
paper board  
  (CPC 62261)      
 TN/S/O/PER/Rev.1 
Page 28 Modes of supply (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons 
Sector or subsector Limitations on market access Limitations on national  treatment Additional commitments 
 - Wholesale trade 
services of books, 
magazines, newspapers 
and stationery  
   (CPC 62262)  
    
 - Wholesale trade 
services of 
photographic and 
optical goods  
   (CPC 62263)  
    
 - Wholesale trade 
services of games and 
toys 
   (CPC 62264)  
    
 - Wholesale trade 
services of watches, 
clocks and jewellery  
  (CPC 62265)  
    
 - Wholes ale trade 
services of sports goods 
(including bicycles)  
   (CPC 62266)  
    
 - Wholesale trade 
services of leather 
goods and travel 
accessories  
   (CPC 62267)  
    
 - Wholesale trade 
services of cleaning 
materials  
   (CPC 62268)  
     
  TN/S/O/PER/Rev.1
 Page 29Modes of supply (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons 
Sector or subsector Limitations on market access Limitations on national  treatment Additional commitments 
 - Wholesale trade 
services of 
miscellaneous 
consumer goods  
   (CPC 62269)  
    
 - Wholesale trade 
services of solid, liquid 
and gaseous fuels and 
related products  
  (CPC 62271)  
    
 - Wholesale trade 
services of metal ores 
and metal in primary 
forms  
   (CPC 62272)  
    
 - Wh olesale trade 
services of wood in the 
rough and products of 
primary processing of 
wood  
   (CPC 62273)  
    
 - Wholesale trade 
services of paints, 
varnishes and lacquers  
   (CPC 62274)  
    
 - Wholesale trade 
services of construction 
materials, fittings and  
fixtures and flat glass  
  (CPC 62275)  
     
 TN/S/O/PER/Rev.1 
Page 30 Modes of supply (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons 
Sector or subsector Limitations on market access Limitations on national  treatment Additional commitments 
 - Wholesale trade 
services of basic 
industrial chemicals, 
fertilizers, synthetic 
resins and plastic 
materials in primary 
forms  
   (CPC 62276)  
    
 - Wholesale trade 
services of textile fibres  
  (CPC 62277)  
    
 - Wholesale trade 
services of intermediate 
products, other than 
agricultural  
   (CPC 62279)  
    
C. Retail trade services  
  solely : 
    
Food retailing services 
(CPC 631)  
 (1) Unbound 
(2) Unbound 
(3) None 
(4) Unbound, except as indicated in the horizontal 
section. 
 (1) Unbound 
(2) Unbound 
(3) None 
(4) Unbound, except as indicated in the horizontal 
section.  
 - Retail sales of fruit and 
vegetables  
  (CPC 63101)  
    
 - Retail sales of dairy 
products and eggs  
  (CPC 63102)  
     
  TN/S/O/PER/Rev.1
 Page 31Modes of supply (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons 
Sector or subsector Limitations on market access Limitations on national  treatment Additional commitments 
 - Retail sales of meat 
(including poultry) and 
meat product s 
  (CPC 63103)  
    
 - Retail sales of fish and 
other seafoods  
   (CPC 63104)  
    
 - Retail sales of bread 
and flour confectionery  
  (CPC 63105)  
    
 - Retail sales of sugar 
confectionery  
  (CPC 63106)  
    
 - Retail sales of 
beverages not 
consumed on t he spot  
  (CPC 63107)  
    
 - Retail sales of tobacco 
products  
    (CPC 63108)  
    
 - Specialized retail sales 
of food products  
   (CPC 63109)  
    
Non-food retailing services 
(CPC 632) 
 (1) Unbound 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section. 
 (1) Unbound 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section.    
 TN/S/O/PER/Rev.1 
Page 32 Modes of supply (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons 
Sector or subsector Limitations on market access Limitations on national  treatment Additional commitments 
Sales of motor vehicles 
(CPC 6111) 
 (1) Unbound 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section. 
 (1) Unbound 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section.   
Sales of parts and accessories 
of motor vehicles 
(CPC 6113) 
 (1) Unbound 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section. 
 (1) Unbound 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section.   
Sales of motorcycles and 
snowmobiles and related parts 
and accessories 
(CPC 6121) 
 (1) Unbound 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section.  (1) Unbound 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section.   
D. Franchising  
 (CPC 8929) 
Solely franchising, not 
including other rights for other 
exclusive uses 
 (1) None 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section. 
 (1) None 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section.   
5. EDUCATIONAL 
 SERVICES 
    
E. Other educational services  
 (CPC 929) 
 
Solely: 
 - Centres for culinary 
studies 
 - Language centres  (1) None 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section.  
 (1) None 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section. 
 
   
  TN/S/O/PER/Rev.1
 Page 33Modes of supply (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons 
Sector or subsector Limitations on market access Limitations on national  treatment Additional commitments 
6. ENVIRONMENTAL 
 SERVICES 
    
C. Protection of ambient air 
 and climate  
 (CPC 9404) 
 
Note: The classification used 
is that proposed by Australia  
 (1) Unbound 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section. 
 (1) Unbound 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
 horizontal section.   
I. SPECIFIC COMMITMENTS IN  FINANCIAL SERVICES  
 
 The commitments undertaken wi th respect to mode of supply 1 refer sole ly and exclusively to the ability of a non -resident supplier of financial services to provide the 
service in the territory of Peru.  
 
 The commitme nts undertaken with respect to mode of supply 2 refer solely and exclusively to the ability of a resident consumer to buy the s ervice in the territory of 
another Member . 
 
 The commitments undertaken with respect to modes 1 and 2 in this Schedule do not imp ly a commitment to allow a non -resident services supplier to acquire clients or 
engage in active marketing in Peru . 
 
The commitments undertaken with respect to modes 1, 2 and 4 in this Schedule do not imply a commitment to allow a provider of f inancial services in Peru to offer 
services, acquire clients, advertise or publicize the services it provides or do business on Peruvian territory, in accordance with Peruvian legislation. 
7. FINANCIAL SERVICES  
 The subsectors listed below 
are defined pursuant to the  
relevant Peruvian 
legislation. I in accordance 
with the GATS  Annex on 
Financial Services., the 
financial system is 
understood as comprising 
enterprises providing 
insurance and insurance -
related services, and 
banking and other financial 
services (excluding 
insurance ). 
  In addition to the limitations established with 
respect to horizontal commitments, which cover 
all services, authorization from the Banking 
and Insurance Supervision Department (SBS) is 
required  to provide financial services.  
 
 Financial ins titutions must be set up in the 
form of a public limited company (sociedad 
anónima) . 
  The following conditions apply to mode 3:   Providers of financial services in Peru are subject to non-discriminatory legal restrictions.  
  Foreign capital is treated in  the same way as 
domestic capital and is subject, where 
appropriate, to international agreements in this 
field.  
 
 Exceptionally, for reasons of national or public 
interest, if a Member adopts protectionist or 
discriminatory measures, Peru reserves the right 
to do likewise. 
 
 Foreign institutions may not make claims 
through diplomatic channels in respect of business or operations which they carry out in 
Peru on the basis of rights derived from their 
nationality. 
   
 TN/S/O/PER/Rev.1 
Page 34 Modes of supply (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons 
Sector or subsector Limitations on market access Limitations on national  treatment Additional commitments 
  An enterprise in the financial system cannot be 
a shareholder of another enterprise of the same 
nature.  The term "enterprise of the same 
nature" does not include other kinds of enterprise belonging to the financial system 
that are different in natu re from the enterprise 
concerned.  This does not apply if shares are purchased with a view to taking over and 
merging with the enterprise that issued the 
shares in question. 
   
  Persons who are directly or indirectly majority 
shareholders of an enterprise belonging to the 
financial system may not hold, either directly or indirectly, more than 5 per cent of the shares in 
another enterprise of the same nature.   
  
 The transfer of shares in an enterprise 
belonging to the financial system representing 
more than ten per cent of the enterprise's 
capital to  a single person, either directly or 
through third parties, requires prior 
authorization from the SBS.  
 
 Foreign financial institutions may carry out 
promotional activities in Peru through a 
representative in the country without having to 
set up a public l imited company , provided that 
they have been so auth orized by the Banking, 
and Insurance and Pension Fund 
Management Companies Supervision 
Department (SBS).  Representatives may not 
engage in the actual business operations of the 
enterprise they represent.2 
 
 The opening of branches or agencies requires 
prior authorization from the SBS.   
 
 
  
 
  
 
  
 
 
 
   
                                                      
2 For greater certainty, representatives may not 1) capture or plac e funds directly in Peru; or 2)  offer or place foreign securi ties directly in the country.   
  TN/S/O/PER/Rev.1
 Page 35Modes of supply (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons 
Sector or subsector Limitations on market access Limitations on national  treatment Additional commitments 
A. All insurance and 
insurance-related services  
 
(a) Life insurance services 
only. 
 
Note: The government bodies 
concerned with financial 
services are assessing the 
possibility of undertaking 
commitments under mode 2.  
The results of the assessment 
will be disclosed within a 
reasonable period of time in the 
framework of the negotiations 
on market access for services. 
  
 
 
 (1) Unbound 
(2) Unbound 
(3) None, except that while Iinsurance companies 
operating in the life-insurance branch may 
establish subsidiaries operating in general 
insurance branches , their t Total investment in 
such subsidiaries may not exceed 45 per cent 
of the net worth of the investing company, 
except in the case of subsidiaries of general insurance companies that are dedicated to life 
insurance. 
 
 Insurance companies domiciled abroad that 
establish branches in Peru are required to 
bring capital into Peru.  Branches are limited 
in their operations by their companies' capital 
in Peru.  
 
(4) Unbound, except as indicated in the horizontal 
section , subject to the horizontal note 
concerning specific commitments on financial 
services . 
  
 
 
 (1) Unbound 
(2) Unbound 
(3) None  
 
  
 
  
 
  
 
 
 
  
(4) Unbound, except as indicated in the horizontal 
section , subject to the horizontal note 
concerning specific commitments on financial 
services . 
  
(b) Non-life insurance 
services: 
 
 - Accident and health 
insurance services  
 - Motor -vehicle 
insurance services  
 - Freight  insurance 
services  
 - Fire and other property 
damage insurance 
services  (1) Unbound 
(2) Unbound 
(3) None , except that insurance companies 
domiciled abroad that establish branches in 
Peru are required to bring capital into Peru.  
Branches are limited in their operations by 
their companies' capital in Peru.  
 
(4) Unbound, except as indicated in the horizontal 
section , subject to the horizontal note 
concerning specific commitments on financial 
services . 
 (1) Unbound 
(2) Unbound 
(3) None 
  
 
  
(4) Unbound, except as indicated in the horizontal 
section , subject to the horizontal note 
concerning specific commitments on financial 
services . 
   
 TN/S/O/PER/Rev.1 
Page 36 Modes of supply (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons 
Sector or subsector Limitations on market access Limitations on national  treatment Additional commitments 
 - Pecuniary loss 
insurance services  
 
Note: The government bodies 
concerned with financial 
services are assessing the 
possibility of undertaking 
commitments under mode 2.  
The results of the assessment 
will be disclosed within a 
reasonable period of time in the 
framework of the negotiations 
on market access for services. 
    
  General liability 
insurance services  
  Marine, aviation and 
other transport 
insurance services 
 (1) Unbound 
(2) None 
(3) None , except that insurance companies 
domiciled abroad that establish branches in 
Peru are required to bring capital into Peru.  
Branches are limited in their operations by 
their companies' capital in Peru.  
(4) Unbound, except as indicated in the horizontal 
section , subject to the horizontal note 
concerning specific commitments on 
financial services . 
 (1) Unbound 
(2) None 
(3) None (4) Unbound, except as indicated in the horizontal 
section , subject to the horizontal note 
concerning specific commitments on financial 
services .   
  TN/S/O/PER/Rev.1
 Page 37Modes of supply (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons 
Sector or subsector Limitations on market access Limitations on national  treatment Additional commitments 
(c) Reinsurance and 
 retrocession, exclusively : 
 
 -  Reinsurance services  (1) Unbound 
(2) None  Insurance companies may contract for 
reinsurance abroad, provided that  the 
reinsurance companies are classified under 
international standards, subject to the rules 
established by the SBS. If insurance companies 
contract for reinsurance directly, they must do 
so with enterprises in  the SBS reinsurance 
register.  
(3) None , except that insurance companies 
domiciled abroad that establish branches in 
Peru are required to bring capital into Peru.  
Branches are limited in their operations by 
their companies' capital in Peru.  
(4) Unbound, except as indicated in the horizontal 
section , subject to the horizontal note 
concerning specific commitments on financial 
services . 
 (1) Unbound 
(2) None 
 
  
 
  
 
(3) None  
 
  
(4) Unbound, except as indicated in the horizontal 
section , subject to the horizontal note 
concerning specific commitments on financial 
services . 
  
(d) Services auxiliary to 
insurance:     
 - Insurance broking and 
agency services  
 - Insurance consultancy 
services  
 - Average and loss 
adjustment services  
 - Inspection services  
 
Note: The government bodies 
concerned with financial 
services are assessing the 
possibility of undertaking 
commitments under mode 2.  
The results of the assessment 
will be disclosed within a 
reasonable period of time in the 
framework of the negotiations 
on market access for services.  (1) Unbound 
(2) Unbound 
(3) None , except that insurance companies 
domiciled abroad that establish branches in 
Peru are required to bring capital into Peru.  
Branches are limited in their operations by 
their companies' capital in Peru.  
(4) Unbound, except as indicated in the horizontal 
section , subject to the horizontal note 
concerning specific commitments on financial 
services . 
 (1) Unbound 
(2) Unbound (3) None 
 
  
 
(4) Unbound, except as indicated in the horizontal 
section , subject to the horizontal note 
concerning specific commitments on financial 
services .   
 TN/S/O/PER/Rev.1 
Page 38 Modes of supply (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons 
Sector or subsector Limitations on market access Limitations on national  treatment Additional commitments 
B. Banking and other financial 
services  
 (excluding insurance) 
    
(a) Acceptance of deposits and 
other repayable funds from the public 
 
Note: The government bodies 
concerned with financial 
services are assessing the 
possibility of undertaking 
commitments under mode 2.  
The results of the assessment 
will be disclosed within a 
reasonable period of time in the 
framework of the negotiations 
on market access for services. 
 (1) Unbound 
(2) Unbound 
(3) None,  except that insurance companies 
domiciled abroad that establish branches in 
Peru are required to bring capital into Peru.  
Branches are limited in their operations by 
their companies' capital in Peru. except that 
enterprises of the financial system may not 
accept deposits on beha lf of financial 
institutions which are not authorized to operate 
in the national territory.  
(4) Unbound, except as indicated in the horizontal 
section , subject to the horizontal note 
concerning specific commitments on financial 
services . 
 (1) Unbound 
(2) Unbound (3) None 
 
 
 
  
 
  
(4) Unbound, except as indicated in the horizontal 
section , subject to the horizontal note 
concerning specific commitments on financial 
services . 
  
(b) Lending of all types, 
including, inter alia , 
consumer credit, mortgage credit, factoring and 
financing of commercial 
transactions 
 
Note: The government bodies 
concerned with financial 
services are assessing the 
possibility of undertaking 
commitments under mode 2.  
The results of the assessment 
will be disclosed within a 
reasonable period of time in the 
framework of the negotiations 
on market access for services. (1) Unbound 
(2) Unbound 
(3) None , except that insurance companies 
domiciled abroad that establish branches in 
Peru are required to bring capital into Peru.  
Branches are limited in their operations by 
their companies' capital in Peru.  
(4) Unbound, except as indicated in the horizontal 
section , subject to the horizontal note 
concerning specific commitments on financial 
services . (1) Unbound 
(2) Unbound 
(3) None  
 
  
(4) Unbound, except as indicated in the horizontal 
section , subject to the horizontal note 
concerning specific commitments on financial 
services .   
  TN/S/O/PER/Rev.1
 Page 39Modes of supply (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons 
Sector or subsector Limitations on market access Limitations on national  treatment Additional commitments 
(c) Financial leasing with 
purchase option 
 
(d) All payment and money 
transmission services, 
including credit, payment 
and similar cards, travellers' cheques and 
bank giro services 
  
(e) Guarantees and 
 commitments  
Note: The government bodies 
concerned with financial 
services are assessing the 
possibility of undertaking 
commitments under mode 2.  
The results of the assessment 
will be disclosed within a 
reasonable period of time in the 
framework of the negotiations 
on market access for services. 
 (1) Unbound 
(2) Unbound 
(3) None , except that insurance companies 
domiciled abroad that establish branches in 
Peru are required to bring capital into Peru.  
Branches are limited in their operations by 
their companies' capital in Peru. 
 
 The above paragraph does not apply to 
services under the supervision of the 
National Commission for the Supervision of 
Enterprises and Securities (CONASEV), 
since the establishment of branches is not 
permitted. 
 
(4) Unbound, except as indicated in the horizontal 
section , subject to the horizontal note 
concerning specific commitments on 
financial services . (1) Unbound 
(2) Unbound 
(3) None 
  
 
  
 
  
 
  
 
(4) Unbound, except as indicated in the horizontal 
section , subject to the horizontal note 
concerning specific commitments on financial 
services . 
  
(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, certificates of  deposit, etc.) 
 - Foreign exchange 
 - Derivative products 
including, but not 
limited to, futures and 
options (1) Unbound 
(2) Unbound 
(3) None,  except that insurance companies 
domiciled abroad that establish branches in 
Peru are required to bring capital into Peru.  
Branches are limited in their operations by 
their companies' capital in Peru. 
 
 The above paragraph does not apply to 
services under the supervision of the 
National Commission for the Supervision of 
Enterprises and Securities (CONASEV), 
since the establishment of branches is not 
permitted. (1) Unbound 
(2) Unbound 
(3) None 
 
 
  
 
  
 
  
   
 TN/S/O/PER/Rev.1 
Page 40 Modes of supply (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons 
Sector or subsector Limitations on market access Limitations on national  treatment Additional commitments 
 - 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  (4) Unbound, except as indicated in the horizontal 
section , subject to the horizo ntal note concerning 
specific commitments on financial services . (4) Unbound, except as indicated in the horizontal 
section , subject to the horizo ntal note concerning 
specific commitments on financial services .  
Note: The government bodies 
concerned with financial 
services are assessing the 
possibility of undertaking 
commitments under mode 2.  
The results of the assessment 
will be disclosed within a 
reasonable period of time in the 
framework of the negotiations 
on market access for services. 
    
(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 
 
Note: The government bodies 
concerned with financial 
services are assessing the 
possibility of undertaking 
commitments under mode 2.  
The results of the assessment 
will be disclosed within a 
reasonable period of time in the (1) Unbound 
(2) Unbound 
(3) None,  except that insurance companies 
domiciled abroad that establish branches in 
Peru are required to bring capital into Peru.  
Branches are limited in their operations by 
their companies' capital in Peru.  
 
 The above paragraph does not apply to 
services under the supervision of the 
National Commission for the Supervision of 
Enterprises and Securities (CONASEV), 
since the establishment of branches is not 
permitted. 
 
(4) Unbound, except as indicated in the horizontal 
section , subject to the horizo ntal note concerning 
specific commitments on financial services . (1) Unbound 
(2) Unbound 
(3) None 
  
 
 
 
  
 
  
 
 (4) Unbound, except as indicated in the horizontal 
section , subject to the horizo ntal note concerning 
specific commitments on financial services .   
  TN/S/O/PER/Rev.1
 Page 41Modes of supply (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons 
Sector or subsector Limitations on market access Limitations on national  treatment Additional commitments 
framework of the negotiations 
on market access for services. 
 
(h) Money broking 
 
Note: The government bodies 
concerned with financial 
services are assessing the 
possibility of undertaking 
commitments under mode 2.  
The results of the assessment 
will be disclosed within a 
reasonable period of time in the 
framework of the negotiations 
on market access for services. 
 (1) Unbound 
(2) Unbound 
(3) None (4) Unbound, except as indicated in the horizontal 
section , subject to the horizontal note 
concerning specific commitments on 
financial services . 
 (1) Unbound 
(2) Unbound 
(3) None (4) Unbound, except as indicated in the horizontal 
section , subject to the horizontal note 
concerning specific commitments on financial 
services .  
(i) Asset management, such 
as cash or portfolio 
management, all forms of 
collective investment management, pension fund 
management, custodial 
depository and trust services (1) Unbound 
(2) Unbound 
(3) None, except that the establishment of 
branches is not permitted.  
(4) Unbound, except as indicated in the horizontal 
section , subject to the horizontal note 
concerning specific commitments on 
financial services . (1) Unbound 
(2) Unbound 
(3) None 
 (4) Unbound, except as indicated in the horizontal 
section , subject to the horizontal note 
concerning specific commitments on financial 
services .  
Note: The government bodies 
concerned with financial 
services are assessing the 
possibility of undertaking 
commitments under mode 2.  
The results of the assessment 
will be disclosed within a 
reasonable period of time in the 
framework of the negotiations 
on market access for services     
 TN/S/O/PER/Rev.1 
Page 42 Modes of supply (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons 
Sector or subsector Limitations on market access Limitations on national  treatment Additional commitments 
(j) Settlement and clearing 
services for financial 
assets, including securities, 
derivative products and other negotiable 
instruments 
 
Note: The government bodies 
concerned with financial 
services are assessing the 
possibility of undertaking 
commitments under mode 2.  
The results of the assessment 
will be disclosed within a 
reasonable period of time in the 
framework of the negotiations 
on market access for services. 
 
(k) Advisory and other 
auxiliary financial services 
on all the activities listed in this Schedule, including 
credit reference and 
analysis, investment and portfolio research and 
advice, advice on 
acquisitions and on corporate restructuring and 
strategy 
 
Note: The government bodies 
concerned with financial 
services are assessing the 
possibility of undertaking 
commitments under mode 2.  
The results of the assessment 
will be disclosed within a 
reasonable period of time in the 
framework of the negotiations 
on market access for services.  
 (1) Unbound 
(2) Unbound 
(3) None, except that the establishment of 
branches is not permitted. 
(4) Unbound, except as indicated in the horizontal 
section  and subject to the horizontal note 
concerning specific commitments on 
financial services . 
 
  
 
  
 
  
 
(1) Unbound 
(2) Unbound 
(3) None,  except for the following: 
 
 For services under the supervision of the 
SBS, insurance companies domiciled abroad 
that establish branches in Peru are required 
to bring capital into Peru.  Branches are 
limited in their operations by their 
companies' capital in Peru. 
 
 For services under the supervision of the 
National Commission for the Supervision of 
Enterprises and Securities (CONASEV), the 
above paragraph does not apply, since the 
establishment of branches is not permitted. 
 
(4) Unbound, except as indicated in the horizontal 
section , subject to the horizontal note 
concerning specific commitments on 
financial services . 
 (1) Unbound 
(2) Unbound 
(3) None 
 (4) Unbound, except as indicated in the horizontal 
section  and specified in the horizontal note 
concerning specific commitments on financial 
services . 
 
  
 
  
 
  
 
(1) Unbound 
(2) Unbound 
(3) None  
 
  
 
  
 
  
 
  
 
(4) Unbound, except as indicated in the horizontal 
section , subject to the horizontal note 
concerning specific commitments on financial 
services . 
   
  TN/S/O/PER/Rev.1
 Page 43Modes of supply (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons 
Sector or subsector Limitations on market access Limitations on national  treatment Additional commitments 
(l) Provision and transfer of 
financial information, and 
financial data processing 
and related software by providers of other financial 
services 
 
Note: The government bodies 
concerned with financial 
services are assessing the 
possibility of undertaking 
commitments under mode 2.  
The results of the assessment 
will be disclosed within a 
reasonable period of time in the 
framework of the negotiations 
on market access for services. 
 (1) Unbound, except with respect to information 
required by financial institutions for their 
duly authorized activities, without violating 
banking secrecy.  
(2) Unbound 
(3) None 
(4) Unbound  (1) Unbound, except with respect to information 
required by financial institutions for their duly 
authorized activities, without violating banking 
secrecy. 
(2) Unbound 
(3) None 
(4) Unbound  
9. TOURISM AND 
TRAVEL-RELATED SERVICES 
 
A. Hotels and restaurants
 
    
 - Hotel and other lodging 
services  
  (CPC 641) solely:  
    
 - Hotel lodging services  
  (CPC 64110)  
    
 - Motel lodging services  
  (CPC 64120)  
    
 - Children's holiday 
camp services  
  (CPC 64191)  
     
 TN/S/O/PER/Rev.1 
Page 44 Modes of supply (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons 
Sector or subsector Limitations on market access Limitations on national  treatment Additional commitments 
 - Holiday centre and 
holiday home services  
  (CPC 64192)  
    
 - Letting services of 
furnished 
accommodation  
  (CPC 64193)  
    
 - Youth hostel and 
mountain shelter 
services  
   (CPC 64194)  
    
 - Camping and 
caravanning site 
services  
  (CPC 64195)  
    
 Food serving services  
(CPC 642)  
 
 - Meal serving services 
with full restaurant 
service  
  (CPC 64210)  
    
 - Meal servicing services 
in self -service facilities  
  (CPC 64220)  
    
 - Caterer services, 
providing meals to 
outside  
  (CPC 64230)      
  TN/S/O/PER/Rev.1
 Page 45Modes of supply (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons 
Sector or subsector Limitations on market access Limitations on national  treatment Additional commitments 
 (1) Unbound 
(2) Unbound  None 
(3) Supreme Decree No. 006 -73-IC/DS lays down 
the requirements for the classification of 
lodging establishments in Peru in the 5 -, 4-, 3-, 
2- and 1 -star categories. Likewise, any service 
supplier intending to operate a lodging 
establishment must request an oper ating licence 
from the Directorate -General of Tourism, 
together with the licence provided for in the 
Special Police Licence Regulations. Only five- 
and four-star lodging establishments may 
establish gaming casinos on their premises. 
 (1) Unbound 
(2) Unbound  None 
(3) None  
  Supreme Decree No. 021 -93-ITINCI of 15 
September 1993 regulates restaurant services 
in Peru, including their classification as 
establishments in the first category (5 and 4 
forks), second category (3 and 2 forks) or third 
category (1 for k).Gaming casinos may only be 
established in five-fork tourist restaurants and 
buildings declared historic monuments, subject 
to authorization from the National Institute of Culture. 
 
 Likewise, any supplier of services intending to 
operate a lodging and/o r restaurant 
establishment must apply for entry in the 
Unified Register provided for in Supreme 
Decree No. 118 -90-PDM.  
   
 (4) Unbound, except as indicated in the horizontal 
section. 
 (4) Unbound, except as indicated in the horizontal 
section. 
   
 TN/S/O/PER/Rev.1 
Page 46 Modes of supply (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons 
Sector or subsector Limitations on market access Limitations on national  treatment Additional commitments 
B. Travel agency and tour 
operator services , solely : 
    
 - Travel agency services  
  (CPC 74710)  (1) Unbound None 
(2) Unbound None  (1) Unbound None 
(2) Unbound None   
 - Travel agency  and tour 
operator services 
  (CPC 74710) 
  (3) None   In conformity with Supreme De
cree No. 
021-92-ICTI, travel and tourist agencies may 
operate as wholesalers, retailers or both.  
Wholesalers are agencies which provide tourist 
services and packages to retail agencies, but 
which cannot offer their products directly to the 
user.  Retailer s are agencies which may market 
products directly to the user or consumer, but 
may not offer their products to other agencies.  
It is possible for an enterprise to carry out both 
types of activity.  (3) None  
  In order to commence their activities, travel  
and tourist agencies must be entered in the 
Unified Register and submit a joint and several, 
irrevocable and uncond itional bond, which is 
automatically convertible and of unlimited 
validity, issued by a financial and/or insurance 
company in favour of and to the satisfaction of 
the Ministry of Industry, Tourism, Integration 
and International Trade Negotiations.  The 
bond shall be in an amount equivalent to 20 tax 
units (Unidades Impositivas Tributarias) in the 
case of wholesalers, 10 tax units in the case o f 
retailers and 25 tax units in the case of 
enterprises which engage in both types of 
activity simultaneously.  
   
 (4) Unbound, except as indicated in the horizontal 
section. (4) Unbound, except as indicated in the horizontal 
section.   
  TN/S/O/PER/Rev.1
 Page 47Modes of supply (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons 
Sector or subsector Limitations on market access Limitations on national  treatment Additional commitments 
10. RECREATIONAL, 
CULTURAL AND 
SPORTING SERVICES 
 
A. Entertainment services  
 solely: 
  - Theatrical producer, 
singer group, band and orchestra 
entertainment services   (CPC 96191)    
 - Services provided by 
authors, composers, 
sculptors, entertainers and other individual 
artists 
  (CPC 96192)     
 - Ancillary theatrical 
services n.e.c. 
  (CPC 96193) 
    
 - Circus, amusement 
park and similar 
attraction services 
  (CPC 96194)     
 - Ballroom, discotheque 
and dance instructor services 
  (CPC 96195) (1) Unbound* 
(2) Unbound (3) None In the case of live entertainment, the 
relevant legislation is Decree Law No. 19479 
and Supreme Decree No. 13 -87-ED., except 
that the proportion of Peruvian performers in 
any artistic production or entertainment held in a public place in Peru shall not be less than 
80 per cent of the total.  The remaining 
20 per cent may consist of foreign artists provided that they have a contract concluded 
prior to their entry in the country, an artist's visa (1) Unbound* 
(2) Unbound (3) None  
 
 
 
  
 
  
   
 TN/S/O/PER/Rev.1 
Page 48 Modes of supply (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons 
Sector or subsector Limitations on market access Limitations on national  treatment Additional commitments 
  and the corresponding inter-union permit. 
These percentages do not apply in the case of 
performances given by foreign casts hired as 
such outside Peru and whose performance constitutes the entire work or entertainment.  
The relevant provisions of the National 
Cultur al Institute also apply.  
(4) The same limitations as in (3) above.  
 
 
  
 
 (4) Unbound, except as indicated in the horizontal 
 section. 
  
D. Sporting and other 
recreational services , solely: 
    
 - Sports event promotion 
services 
   (CPC 96411) (1) Unbound 
(2) Unbound 
(3) None 
(4) Unbound, except as indicated in the horizontal 
section. (1) Unbound 
(2) Unbound 
(3) None 
(4) Unbound, except as indicated in the horizontal 
section. 
  
 - Sports event 
organization services 
  (CPC 96412) 
    
 - Sports facility operation 
services 
  (CPC 96413)     
 - Other sporting 
services 
  (CPC 96419) 
    
 - Gambling and betting 
services  
  (CPC 96492)      
  TN/S/O/PER/Rev.1
 Page 49Modes of supply (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons 
Sector or subsector Limitations on market access Limitations on national  treatment Additional commitments 
II.  TRANSPORT SERVICES 
    
A.  Maritime transport services , 
solely: 
    
 
 - Passenger 
transportation by ferries 
exclusively for 
domestic tourism 
services 
  (CPC 72111) 
 
 - Other passenger 
transportation 
exclusively for 
domestic tourism services 
  (CPC 72119)  
(1) The same limitations as in (3) below. 
(2) Unbound 
(3) None.. Pursuant to Supreme Resolution No. 
0011 -78 TC/DS of 6 February 1978, all legal 
persons constituted for the purpose of operating 
tourist transport services must request prior 
authorization for the constitution of the company 
from the Directorate General for Tourism or 
Regional Directorate of the Ministry of Industry and 
Tourism.  These bodies may either approve or reject 
the application.   
(1) Unbound 
(2) Unbound 
(3) None  
  In addition, companies the constitution of which 
has been authorized must request an operating 
licence from the respective Directorat e-General of 
the Ministry of Transport and Communications, in 
the case of enterprises engaged in activities within 
the national territory or abroad, or from the 
appropriate Regional Directorate of the Ministry of 
Transport and Communications, in the case o f 
enterprises engaged in local or regional activities.  
 
(4) Unbound, except as indicated in the horizontal 
 section.   
 
 
  
 
  
 
 
(4) Unbound, except as indicated in the horizontal 
 section.   
 TN/S/O/PER/Rev.1 
Page 50 Modes of supply (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons 
Sector or subsector Limitations on market access Limitations on national  treatment Additional commitments 
B. Internal waterways 
transport , solely: 
 
 - Passenger 
transportation by ferries 
exclusively for 
domestic tourism services 
  (CPC 72211) 
 - Other passenger 
transportation 
exclusively for 
domestic tourism 
services  
  (CPC 72219) (1) The same limitations as in (3) below. 
(2) Unbound 
(3) None   Pursuant to Supreme Resolution  No. 
0011 -78 TC/DS of 6 February 1978, all legal 
persons constituted for the purpose of operating 
tourist transport services must request prior 
authorization for the constitution of the 
company from the Directorate General for 
Tourism or Regional Directora te of the Ministry 
of Industry and Tourism.  These bodies may 
either approve or reject the application  
 
 In addition, companies the constitution of which 
has been authorized must request an operating 
licence from the respective Directorate -General 
of the M inistry of Transport and 
Communications, in the case of enterprises 
engaged in activities within the national 
territory or abroad, or from the appropriate 
Regional Directorate of the Ministry of 
Transport and Communications, in the case of 
enterprises enga ged in local or regional 
activities.  
  
Tourist transport enterprises may provide the 
following types of service: transfers, local visits, 
excursions, round trips, tours and rental of 
vehicles without operators.  
 
(4) Unbound, except as indicated in the horizontal 
section. 
 (1) Unbound 
(2) Unbound 
(3) None 
  
 
  
 
  
 
  
 
  
 
 
 
  
 
  
 
  
 
(4) Unbound, except as indicated in the horizontal 
section. 
  
D. Transportation via space 
 (CPC 733) (1) None 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
horizontal section. 
 (1) None 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
horizontal section. 
   
  TN/S/O/PER/Rev.1
 Page 51Modes of supply (1)  Cross-border supply (2)  Consumption abroad (3)  Commercial presence (4)  Presence of natural persons 
Sector or subsector Limitations on market access Limitations on national  treatment Additional commitments 
E. Transport services by 
 railway  
 
(a) Passenger transportation 
 (CPC 7111) 
(b) Freight transportation 
 (CPC 7112) 
(c) Pushing or towing services 
 (CPC 7113) 
(d) Repair services of railway 
 transport equipment 
 8868** 
(e) Supporting services for 
 railway transport services 
 (CPC 743) 
 (1) None 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
horizontal section.  (1) None 
(2) None 
(3) None 
(4) Unbound, except as indicated in the 
horizontal section.   
 
_______________ 
 
 TN/S/O/PER/Rev.1 
Page 52  
 
 ANNEX
 
 
REFERENCE PAPER  
  
Scope
 
  The following are definitions and principles relating to the regulatory framework for basic telecommunications services.  
Definitions
 
  Users
 mean service consumer s and service suppliers. 
  Essential facilities
 mean facilities of a public telecomm unications 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 technica lly substituted in order to provide a service. 
 
A major supplier
 is a supplier which has the ability to materia lly 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 pr eventing suppliers who, alone or 
together, are a major supplier  from engaging in or continui ng 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 servic es suppliers on a time ly basis technical  information 
about essential faciliti es and commercially relevant info rmation which is necessary for 
them to provide services. 
 
2. Interconnection
 
 2.1 This section applies to linking with supplie rs providing public teleco mmunications 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.  TN/S/O/PER/Rev.1 
 Page 53 
 
 
  
2.2 Interconnection to be ensured  
  Interconnection with a major supplier shall be en sured at any technically feasible point in the 
network.  Such interconn ection shall be provided: 
 
 (a) Under non-discriminatory terms, cond itions (including tec hnical 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, co nditions (including technical standards and 
specifications) and cost-oriented rates that are transparent, reasonable, having regard to economic feasibility, and suffi ciently unbundled so that the supplier need not pay for 
network components or fa cilities that it does not require for the service to be provided;  
and 
  (c) upon request, at points in addition to th e 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 to interconnecti on to a major supplier shall be made publicly 
available.  
2.4 Transparency of interconnection arrangements
 
  A major supplier shall make either its interconne ction agreements or a reference interconnection 
offer publicly available.  2.5 Interconnection:  Dispute settlement
 
 
 A service supplier requesting in terconnection to a major supplier shall 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, whic h may be a regulatory body as referred to in paragraph 
5 below, to resolve disputes regarding a ppropriate terms, condi tions and rates for 
interconnection within a reasonable period of time, to the extent that these have not been established previously. 
 
3. Universal service
 
  Any Member has the right to define the kind  of universal service obligation it wishes to 
maintain.  Such obligations shall not  be regarded as anti-competitive per se , provided that they are 
administered in a tr ansparent, non-discriminatory and compet itively 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 followi ng shall be made publicly available: 
 TN/S/O/PER/Rev.1 
Page 54  
 
  (a) All the licensing criteria  and the period of time norma lly required to reach a decision 
concerning an application for a licence, and 
  (b) the terms and conditions of individual licences.  
 The reasons for the denial of a licence sha ll 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 and 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, shall be carried out in an obj ective, timely, tr ansparent and non-discriminatory 
manner.  The current state of allocated frequency ba nds shall be made publicly available, but detailed 
identification of frequencies allocated for specific government us es is not required. 
 
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  TN/S/O/PER/Rev.1
 Page 55PERU – CONSOLIDATED LIST OF ARTICLE II (MFN) EXEMPTIONS 
 
Sector or subsector Description of measure indicating 
its inconsistency with Article II Countries to which the 
measure applies Intended duration Conditions creating the need for 
the exemption 
All sectors  
(movement of natural 
persons providing 
services) Nationals of a country that has a 
reciprocal labour agreement or an 
agreement on dual nationality and 
foreign personnel recruited under bilateral or multilateral agreements 
concluded by the Government of Peru 
are not subject to the limitations on recruitment of foreign workers, which 
establish a maximum period of three 
years and a maximum of 20 per cent of the total number of employees or 
30 per cent of the total payroll. All countries Indefinite Reciprocity 
Dual nationality Promotion of investment 
Cooperation 
Transport  
 Land and sea  
 Preferential treatment is reserved for 
operators of the subregion in the 
following cases:  the Andean system 
of road freight carriage;  international 
road passenger transport:  freedom of access to maritime transport cargo;  
multi-modal transport;  freedom of 
access to freight originating in and shipped by sea within the subregion, 
including cabotage. 
  
 Andean Group countries  
 Indefinite  
 Promotion of regional integration 
Land transport  Agreement on International Land 
Transport: grants national treatment to 
signatory parties  Argentina, Bolivia, Brazil, Chile, 
Paraguay and Uruguay Indefinite Promotion of regional integration 
Recreational, cultural 
and sporting services  The law on performers provides 
greater facilities for the presence of Latin American performers 
interpreting Latin American themes (a 
higher quota of participation of such performers compared with those of 
third countries). 
 Mexico, Guatemala, Honduras, 
El Salvador, Nicaragua, Costa Rica, Panama, Colombia, 
Venezuela, Dominican Republic, 
Cuba, Haiti, Ecuador, Bolivia, Brazil, Chile, Uruguay, Paraguay 
and Argentina 
 Indefinite Promotion of Latin American co-
operation and cultural values  
 TN/S/O/PER/Rev.1 
Page 56 Sector or subsector Description of measure indicating 
its inconsistency with Article II Countries to which the 
measure applies Intended duration Conditions creating the need for 
the exemption 
Financial services Peru reserves the right not to apply 
the most-favoured-nation clause to countries which do not apply it 
automatically and unconditionally to 
Peru, as provided for in Article II of 
the GATS
. 
 All countries Indefinite Reciprocity 
 With respect to national treatment for 
foreign investment, exceptionally, for 
reasons of national or public interest, 
if a Member adopts protectionist or 
discriminatory measures, Peru reserves the right to do likewise. 
 All countries Indefinite National or public interest 
 
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