. /. RESTRICTED  WORLD TRADE  
ORGANIZATION  S/C/W/264 
7 September 2005 
 (05-3899) 
Council for Trade in Services   
 
 
- DRAFT - 
 
ANNUAL REPORT OF THE COUNCIL FOR TRADE IN SERVICES  
TO THE GENERAL COUNCIL (2005) 
 
 1. Since its last report to the General Council, th e Council for Trade in Services has had five 
formal meetings on 26 November 2004, 30 November  2004, 9 February 2005, 23 February 2005 and 
24 June 2005 
1.  During this period, the Council addressed the following matters: 
I. REVIEW OF MFN EXEMPTIONS 
2. At its dedicated meetings held on 30 Novemb er 2004 and 23 February 2005, the Council 
undertook the second review of MFN exempti ons mandated under the Annex on Article II 
Exemptions.  The review was conducted on a secto r-by-sector basis through a question-and-answer 
process, following the previous practice.  At its  regular meeting on 24 June 2005, the Council 
addressed outstanding questions on MFN exemptions  and concluded the second review by deciding 
that the next review should begin in  2010 and no later than June 2010. 
II. TRANSITIONAL REVIEW UNDER SECTION 18 OF THE PROTOCOL ON THE 
ACCESSION OF THE PEOPLE'S REPUBLIC OF CHINA 
3. At its meeting held on 26 November 2004, the Council conducted and concluded the third 
transitional review of the implementation by Chin a of its WTO commitments, pursuant to section 18 
of the Protocol on the Accession of the People's Republic of China (WT/L/432). The Council took note of the report (S/FIN/13) of the Committee on Trad e in Financial Services, which formed part of 
the Council's report on this matter to the Gene ral Council, contained in document S/C/23.  
III. REPORT TO THE COUNCIL BY ALBANIA 
4. At the meeting held on 26 December 2004, Albania made a report to the Council on its 
preparations to fulfil its GATS commitments in international public voice telephone services, as 
required by the General Council's waiver decision (WT/L/567). 
IV. DERESTRICTION OF DOCUMENTS 
5. At its meeting held on 26 November 2004, th e Council reached an agreement that, with 
respect to any future discussion relating to the invo cation of Article XXI of the GATS, the record of 
the discussion would be contained in an informal doc ument and would subsequently be circulated as 
an addendum to the formal report of the meeting af ter the conclusion of the negotiations under Article 
XXI and the certification of any changes to the relevant schedule of commitments. 
                                                     
 
1  Reports of the meetings are contained in documents S/C/M/75, S/C/M/76, S/C/M/77, 
S/C/M/78 and S/C/M/79.  These should be read in conjunction with this report.   S/C/W/264 
Page 2  
 
 V. NOTIFICATIONS MADE TO THE COUNCIL PURSUANT TO GATS 
ARTICLES III:3, V:5, AND V:7 
6. At its meetings held on 26 November 2004, 9 February 2005 and 24 June 2005, the Council 
took note of the following notifications: 
(a) Notifications pursuant to Article III:3 of the GATS: 
  Uruguay     (S/C/N/306-308) 
  Hong Kong, China    (S/C/N/312-320)   Albania      (S/C/N/321-324 & 329-342)   Honduras     (S/C/N/326-327)  
 
(b) Notifications pursuant to Article V:5 of the GATS: 
The European Communities  (S/SECRET/9&  S/SECRET/9/Corr.1) 
 
(c) Notifications pursuant to Article V:7 of the GATS: 
  The EFTA States and Chile   (S/C/N/309) 
  The Unites States and Australia   (S/C/N/310)   Thailand and Australia    (S/C/N/311)   Panama and El Salvador    (S/C/N/325)   Japan and Mexico    (S/C/N/328) 
 
VI. WORK OF THE SUBSIDIARY BODIES 
7. The activities of the subsidiary bodies are refl ected in their respective reports, which are 
annexed to this report, as follows:  
 
 
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