RESTRICTED  WORLD TRADE  
ORGANIZATION  WT/ACC/SPEC/CPV/3/Rev.5 
18 October 2007 
 
 (07-4523) 
Working Party on the 
Accession of Cape Verde Original:   English 
 
 
 
ACCESSION OF CAPE VERDE 
 
Offer on Specific Commitments in Services  
 
Revision  
  
 The following submission, dated 16 October 2007, is being circulated at the request of the 
Delegation of the Republic of Cape Verde. 
 
 
_______________ 
  
  WT/ACC/SPEC/CPV/3/Rev.5 
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Sector or sub-sector Limitations on market access Limitations on nati onal treatment Additional commitments 
I. HORIZONTAL COMMITMENTS (APPLICABLE TO A LL SECTORS INCLUDED TO THIS SCHEDULE) 
Public services  (1), (2), (3), (4)  
a)  Commitments in these sectors apply 
only to private funded undertakings 
or undertakings on a for fee basis; 
b)  Commitments in  sectors where the 
Government provides public goods 
should be understood to apply only 
to entities other than public-owned institutions, public sector entities; 
public function and non-profit 
institutions; 
c)  Services activities considered in the 
public interest are excluded from 
this commitment.  
Subsidies  (3), (4) Unbound for subsidies, including 
for research and development. 
Eligibility for subsidies may be 
limited to Cape Verde service 
suppliers, i.e. to juridical persons 
established within the territory of Cape Verde or part thereof. Also, 
subsidies available to natural 
persons may be limited to Cape Verdean Citizens.  The supply 
of a service or its subsidization, 
within the public sector, is not in breach of this commitment.   
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Investment incentives  (3)  Investors, seeking incentives under 
the provisions of the Law on Investment, shall have the 
obligation to provide adequate and 
consistent training to Cape Verde staff, including for promotion to 
senior positions. (3)  None  
Land  Cape Verde reserves the right to modify 
its current law to m eet its social and 
economic development goals in the long 
term.  This might include (but not limited 
to) the sale of land to only a Cape Verde natural and juridical persons.  Foreigners 
might be limited to the right to lease only, 
but not to own land in Cape Verde.   
  (3) Foreign Investment is subject to 
authorisation by Cape Verde's 
authorities.  
  (3) Foreign firms may be required to 
train and upgrade the technical and 
management skills of local 
employees.   
 (4) Unbound except for measures 
concerning the entry and temporary 
stay of natural persons in the 
following categories:    
  WT/ACC/SPEC/CPV/3/Rev.5 
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Sector or sub-sector Limitations on market access Limitations on nati onal treatment Additional commitments 
 - Business Visitors  
 Persons not based in the Republic of 
Cape Verde and receiving no 
remuneration from a source located within the Republic of Cape Verde, who 
are representatives of business carrying 
on activities in a WTO Member who are seeking temporary entry into Cape Verde  
for the purpose of negotiating for the sale 
of the services of that business, entering into agreements to sell services for that 
business, participating in business 
meetings or preparing for the establishment of a commercial presence, 
where those representatives will not be 
engaged in making direct sales to the general public. 
 
Entry for Business Visitors is limited to 
90-days in any 12 months. 
 - Intra-Corporat e transferees 
 
 
People who have been employed by their firm for a period of not less than 1 year 
and who seek temporary entry in order to 
render services to the same employer or a branch or a subsidiary of affiliates of that 
employer, more specifically, who are one 
of the following:  
- Managers
 
 Persons within an organization who 
primarily direct the organization, or a 
department or sub-division of the organization, supervise and control the    
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work of other supervisory, professional 
or managerial employees, have the authority to hire and fire or recommend 
hiring and firing, or other personnel 
actions (such as promotion or leave authorization), and ex ercise discretionary 
authority over day-to-day operations.  
Does not include first line supervisors, unless the employees supervised are 
professionals, nor does it include 
employees who primarily perform tasks necessary for the provis ion of the service. 
 
- Executives
 
 
Persons within the organization who 
primarily direct the management of the organization, establish the goals and 
policies of the organization or a major 
component or function of the 
organization, exercise wide latitude in 
decision-making, and receive only general supervision or direction from 
higher-level executiv es, the board of 
directors, or stockholders of  the business.  Executives would not directly 
perform tasks related to the actual 
provision of a service or services of the organization. 
 
- Specialists
 
 
Persons within an organization who 
possess knowledge at an advanced level of continued expertise and who possess 
proprietary knowledge of the 
organization's services, research, techniques, or management.  Specialists  
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may include, but are not limited to, 
members of licensed professions.  
Entry for ICTs is limited to 1 year, 
renewable annually for up to 5 years, except for ICTs working on information 
systems or communication system who 
are limited to 4 years.  
- Contractual Service Suppliers
 
 Persons as employees of an enterprise 
engaged in substantive business in the 
Republic of Cape Verde without having a commercial presence in the Republic of 
Cape Verde who provide a service as a 
professional of a service sector pursuant to a contract between the enterprise and a 
client in Cape Verde, and who have been 
employed by this enterprise for a period 
of at least 1 year prior to their entry into 
Cape Verde.   
Entry for CSS is limited to 1 year, 
renewable annually for up to 5 years.  
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II. SECTOR-SPECIFIC COMMITMENTS 
1. BUSINESS SERVICES  
A. Professional services 
(a)  Legal services  
 (CPC 861) related to the law of 
jurisdiction where service supplier 
is qualified as a lawyer (1) Unbound 
(2) None (3) None; except must meet the 
requirements to practice law in 
Cape Verde as well as be member of Cape Verdean Lawyers Order 
required 
(4) Unbound, except as indicated under 
Horizontal Commitments (1) Unbound 
(2) None (3)  None, except must meet the 
requirements to practice law in 
Cape Verde as well as be member of Cape Verdean Lawyers Order 
required 
(4) Unbound, except as indicated under 
Horizontal Commitments  
- Arbitration and conciliations 
 services  
 (CPC 86602) (1)   Unbound 
(2)   None 
(3)   None (4) Unbound, except as indicated under 
Horizontal Commitments (1)   Unbound 
(2)   None 
(3)   None (4) Unbound, except as indicated under 
Horizontal Commitments  
(b)  Accounting, auditing and 
bookkeeping services 
 (CPC 862  (1) Unbound 
(2) Unbound 
(3) Unbound 
(4) Unbound, except as indicated under 
Horizontal Commitments (1) Unbound 
(2) Unbound 
(3) Unbound 
(4) Unbound, except as indicated under 
Horizontal Commitments  
(c) Taxation services 
 (CPC 863)  (1) Unbound 
(2) Unbound 
(3) Unbound (4) Unbound, except as indicated under 
Horizontal Commitments (1) Unbound 
(2) Unbound 
(3) Unbound (4) Unbound, except as indicated under 
Horizontal Commitments  
(d)  Architectural services  
 (CPC 8671)  (1) Unbound 
(2)  None (3)  None, except must meet the 
requirements to practice 
Architectural services in Cape Verde as well as be member of 
Cape Verdean Architectural Order 
required 
(4)  Unbound, except as indicated under 
Horizontal Commitments (1)  Unbound 
(2)  None (3)  None, except must meet the 
requirements to practice 
Architectural services in Cape Verde as well as be member of 
Cape Verdean Architectural Order 
required 
(4) Unbound, except as indicated under 
Horizontal Commitments   
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(e) Engineering services  
 (CPC 8672) (f) Integrated engineering services  
 (CPC 86739) (1) Unbound  
(2)  None (3)  None, except must meet the 
requirements to practice 
Engineering services in Cape Verde as well as be member of Cape Verde 
Engineer Order required 
(4)  Unbound, except as indicated under 
Horizontal Commitments (1)   Unbound 
(2)   None (3)  None, except must meet the 
requirements to practice 
Engineering services in Cape Verde as well as be member of Cape Verde 
Engineer Order required 
(4) Unbound, except as indicated under 
Horizontal Commitments  
(g) Urban planning and landscape 
architectural services  
 (CPC 8674) (1) Unbound 
(2) None 
(3) None except must meet the 
requirements to practice urban 
planning and landscape architectural 
services in Cape Verde as well as be member of Cape Verdean 
Architectural Order required 
(4)  Unbound, except as indicated under 
Horizontal Commitments (1)   Unbound 
(2)   None 
(3)  None except must meet the 
requirements to practice 
Architectural services in 
Cape Verde as well as be member of Cape Verdean Architectural Order 
required 
(4) Unbound, except as indicated under 
Horizontal Commitments  
(i)  Veterinary services  
 (CPC 9320) (1)  Unbound   
(2)  None (3)  None, except must be qualified to 
practice in home country and must 
register with the Ministry of Agriculture and be member of 
Veterinarians' Professional 
Association 
(4)  Unbound, except as indicated under 
Horizontal Commitments (1)   Unbound 
(2)   None (3)   None 
 
  
 
 (4) Unbound, except as indicated under 
Horizontal Commitments   
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B. Computer and Related Services  
(a) Consultancy services related to the 
installation of computer hardware  
 (CPC 841) 
(b) Software implementation services 
 (CPC 842) (c) Data processing services  
 (CPC 843) 
(d) Data base services   (CPC 844) 
(e) Other  
 (CPC 845-849) (1) None 
(2) None (3) None 
(4) Unbound, except as indicated under 
Horizontal Commitments (1) None 
(2) None (3) None 
(4) Unbound, except as indicated under 
Horizontal Commitments  
C. Research and Development Services 
(a) R&D services on natural sciences 
and engineering 
 (CPC 851)  (1)  Unbound   
(2)  None 
(3)  None 
(4)  Unbound, except as indicated under 
Horizontal Commitments (1) Unbound 
(2) None 
(3) None 
(4)  Unbound, except as indicated under 
Horizontal Commitments  
(b) R&D services on social sciences 
and humanities  
 (CPC 852) (1)  Unbound   
(2)  None (3)  None 
(4)  Unbound, except as indicated under 
Horizontal Commitments (1) Unbound 
(2) None (3) None 
(4)  Unbound, except as indicated under 
Horizontal Commitments  
(c) Interdisciplinary R&D services  
 (CPC 8530) (1)  Unbound   
(2)  None 
(3)  None 
(4)  Unbound, except as indicated under 
Horizontal Commitments (1) Unbound 
(2) None 
(3) None 
(4)  Unbound, except as indicated under 
Horizontal Commitments   
  WT/ACC/SPEC/CPV/3/Rev.5 
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E.  Rental/Leasing Services without Operators 
(c)  Leasing or rental services 
concerning private cars without operator 
 (CPC 83101) 
-  Leasing or rental services 
concerning  other land transport 
equipment without operator  
 (CPC 83105) (d)  Leasing or rental services 
concerning machinery or equipment 
without operators 
 (CPC 83106, 83107, 83108, 83109) (1)   None 
(2)   None (3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None (3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments  
F.   Other Business Services 
(a)   Advertising services  
 (CPC 871) (1)   None 
(2)   None 
(3)   None (4) Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None 
(3)   None (4) Unbound, except as indicated under 
Horizontal Commitments  
(b)  Market research and public opinion 
polling services  
 (CPC 864) (1)   None 
(2)   None 
(3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None 
(3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments  
(c) Management consulting services  
 (CPC 865) (1)   None 
(2)   None 
(3)   None (4) Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None 
(3)   None (4) Unbound, except as indicated under 
Horizontal Commitments  
(d) Services related to management 
consulting  
 (CPC 866) (1)   None 
(2)   None (3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None (3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments   
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(e) Technical testing and analysis 
services  
 (CPC 8676) (1)   None 
(2)   None (3)   None, except must meet the 
scientific qualifications to practice 
technical testing and analysis, and the legal authorization of the 
competent Ministry in Cape Verde 
(4) Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None (3)   None, except must meet the 
scientific qualifications to practice 
technical testing and analysis, and the legal authorization of the 
competent Ministry in Cape Verde 
(4) Unbound, except as indicated under 
Horizontal Commitments  
(f) Services incidental to agriculture, 
hunting and forestry  
 (CPC 881) (1)  Unbound 
(2)  None 
(3)  None (4)  Unbound, except as indicated under 
Horizontal Commitments (1)   Unbound 
(2)   None 
(3)   None (4) Unbound, except as indicated under 
Horizontal Commitments  
(g)  Services incidental to fishing  
 (CPC 882) (1)  Unbound 
(2)  None (3)  None 
(4)  Unbound, except as indicated under 
Horizontal Commitments (1)   Unbound 
(2)   None (3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments  
(h)  Services incidental to mining  
 (CPC 883) (1)  Unbound 
(2)  None 
(3)  None (4)  Unbound, except as indicated under 
Horizontal Commitments (1)   Unbound 
(2)   None 
(3)   None (4) Unbound, except as indicated under 
Horizontal Commitments  
(i) Services incidental to manufacturing  
 (CPC 884) (1)  Unbound 
(2)  None (3)  None 
(4)  Unbound, except as indicated under 
Horizontal Commitments (1)  Unbound 
(2)  None (3)  None 
(4)  Unbound, except as indicated under 
Horizontal Commitments  
(m) Related scientific and technical 
consulting services 
 (CPC 8675) (1)   None 
(2)   None 
(3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None 
(3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments   
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Sector or sub-sector Limitations on market access Limitations on nati onal treatment Additional commitments 
(n)   Maintenance and repair of 
equipment, excluding maritime vessels, aircraft or other transport 
equipment  
 (CPC 633, 8860-8866) (1)  Unbound 
(2)  None (3)  None 
(4)  Unbound, except as indicated under 
Horizontal Commitments (1)  Unbound 
(2)  None (3)  None 
(4)  Unbound, except as indicated under 
Horizontal Commitments  
(s)  Planning, managing and marketing 
services for conventions and similar 
events  
 (CPC 87909) (1)   None 
(2)   None 
(3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None 
(3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments  
(t)  Translation services  
 (CPC 87905) (1)  None, other than for government 
documents and events 
(2)  None (3)  None, other than for government 
documents and events 
(4)  Unbound, except as indicated under 
Horizontal Commitments (1)   None 
 
(2)   None (3)   None 
 
(4) Unbound, except as indicated under 
Horizontal Commitments  
2. COMMUNICATION SERVICES 
B. Courier Services limited to the 
collection, sorting, transport, and delivery of documents, printed 
matter, parcels, goods, other items 
on an expedited basis; provided that  the transport originates or 
terminates outside the territory of 
Cape Verde (and is not intra- or inter-island) (CPC 7512) (1)  None 
(2)  None (3)  None  
(4)  Unbound (1)  None 
(2)  None (3)  None 
(4)  Unbound  
C. Telecommunication Services 
 Unless otherwise specified, the Commitments in this sector have been scheduled in accordance with the "Notes for Scheduling Ba sic Telecom Services Commitments 
(S/GBT/W/2/Rev. 1) and "Marke t Access Limitations on Spect rum Availability" (S/GBT/W/3) 
 
   The Republic of Cape Verde undertakes 
the obligations contained in the attached 
Reference Paper with respect to provision 
of telecommunications services, other than electronic mail, voice mail, on-line 
information and data base retrieval, EDI, 
code and protocol conversion  
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CVTelecom monopoly on fixed-line 
voice local and domestic long distance service and all international voice and 
data services ended on 
31 December 2006.  Thereafter, Cape Verde has been  providing 
unlimited market access and full national 
treatment for any service initially covered by the monopoly. 
- Public long distance international 
voice and data transmission services 
 (CPC 75212)  
- Public local and national long-
distance voice services  
 - on a fixed-line facilities-basis   
 -  for public use 
 (CPC 75211) (1)  None 
(2)  None 
(3)  None (4)  Unbound, except as indicated under 
Horizontal Commitments  (1)  None 
(2)  None 
(3)  None (4)  Unbound, except as indicated under 
Horizontal Commitments  
- Data  and message transmission 
services: 
 -  on a resale basis   -  for public use  
 (CPC 7523) (1)  Exclusively over the network of or 
circuits leased from a carrier 
licensed to provide facilities-based services 
(2)  Exclusively over the network of or 
circuits leased from a carrier licensed to provide facilities-based 
services 
(3)  Exclusively over the network of or 
circuits leased from a carrier 
licensed to provide facilities-based 
services 
(4)  Unbound, except as indicated under 
Horizontal Commitments (1)   None 
 
  
(2)   None 
  
 
(3)   None  
 
 (4) Unbound, except as indicated under 
Horizontal Commitments   
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- Radio-based services: 
 - paging  (CPC 75291) (1)  Unbound 
(2)   None (3)   None, except only three operators 
will be licensed 
(4)  Unbound, except as indicated under 
Horizontal Commitments (1)  Unbound 
(2)   None (3)   None 
 
(4)   Unbound, except as indicated under 
Horizontal Commitments  
- Mobile telephone services.  
 (CPC 75213) (1)  None 
(2)  None 
(3)  None (4)  Unbound, except as indicated under 
Horizontal Commitments (1)  None 
(2)  None 
(3)  None  (4)  Unbound, except as indicated under 
Horizontal Commitments  
-  Business network services 
 (CPC 7522)  (1)   None 
(2)   None (3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None (3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments  
- Electronic Mail, Voice Mail, 
On-line information and data base 
retrieval, EDI, Code and Protocol 
Conversion  
 (CPC 75299) 
 (1)  None 
(2)  None, except if over fixed lines, 
exclusively over the network of or 
circuits leased from a carrier 
licensed to provide facilities-based 
services.  Radio-based:  None 
(3)  None, except if over fixed lines, 
exclusively over the network of or 
circuits leased from a carrier licensed to provide facilities-based 
services.  Radio-based:  None 
(4)  Unbound, except as indicated under 
Horizontal Commitments (1)  None 
(2)  None 
 
 
 
 (3)  None 
 
  
 
(4)  Unbound, except as indicated under 
Horizontal Commitments  
- Telecommunications related 
services  
 (CPC 754) (1)   None 
(2)   None 
(3)   None (4) Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None 
(3)   None (4) Unbound, except as indicated under 
Horizontal Commitments   
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3. CONSTRUCTION AND RELATED ENGINEERING SERVICES 
A.   General construction work for 
buildings  
 (CPC 512) 
B.   General construction work for civil 
engineering  
 (CPC 513) 
C.   Installation and assembly work  
 (CPC 514, 516) D.  Building completion and finishing 
work  
 (CPC 517)  E. Other Construction Services 
 (CPC 511, 515, 518)  (1)   Unbound 
(2)   None (3)   None 
(4)  Unbound, except as indicated under 
Horizontal Commitments (1)   Unbound 
(2)   None (3)   None 
(4)   Unbound, except as indicated under 
Horizontal Commitments  
4. DISTRIBUTION SERVICES  
B.  Wholesale trade services, excluding 
the importation of tobacco; and importation and sale of: 
 - precious metals for use by the 
national bank  
 - pharmaceuticals; produced in 
Cape Verde for a period of three years from the date of accession 
and  
 - fuel  (CPC 622) 
C. Retailing Services, including the 
sales of pharmaceuticals and fuel  
 (CPC 631 and 632) 
D. Franchising services 
 (CPC 8929) E. Wholesale and retail trade services, 
relating to the sales of automobiles 
(CPC 611, 6113, 6121) (1)   None 
(2)   None (3)   None, except 70 % of the number of 
all retailing establishments in the 
country and by island must be 
owned by Cape Verdean Citizens. 
No restrictions are on the wholesale service 
(4) Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None (3)   None, except 70 % of the number of 
all retailing establishments in the 
country and by island must be 
owned by Cape Verdean Citizens.  
No restrictions are on the wholesale services 
(4) Unbound, except as indicated under 
Horizontal Commitments   
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5. EDUCATIONAL SERVICES 
 The educational services listed below are limited to privately funded education services and ex clude education services funded  from government resources 
B. Secondary education services 
 (CPC 922) 
C. Higher education services   
 (CPC 923) D.   Adult education  
 (CPC 924) 
E. Other educational services   (CPC 929) (1)   None 
(2)   None 
(3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None 
(3)   None 
(4) Unbound, except as indicated under 
Horizontal Commitments   
6. ENVIRONMENTAL SERVICES 
A.  Sewage services  
 (CPC 9401) 
B.  Refuse disposal services  (CPC 9402) 
C. Sanitation and similar services  
 (CPC 9403) D.  Other 
 - Cleaning services of exhaust 
gases  
  (CPC 9403) 
 - Noise abatement services    (CPC 9405) 
 - Nature and Landscape 
protection services  
  (CPC 9406) 
 - Other  
  (CPC 9409) (1)   None 
(2)   None 
(3)   None (4) Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None 
(3)   None (4) Unbound, except as indicated under 
Horizontal Commitments   
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7. FINANCIAL SERVICES 
 The commitments on financial services are made in accordance w ith the General Agreement on Trade in Services (GATS) and the An nex on Financial Services. All the 
commitments in this Schedule are subject to domestic laws, guid elines, rules and regulations, terms and conditions of the relev ant authorities in Cape Verde, consistent 
with the Article VI of the GATS and paragr aph 2 of the Annex on Financial Services. 
 
 The admission to the market of new financial services or produc ts may be subject to the existence of, and consistency with, a regulatory framework ai med at achieving the 
objectives indicated in Article 2(a) of Annex on Financial Services.  
  Cape Verde will permit the establishment of branch offices on r eciprocal basis after 10 years fr om the date of Cape Verde's ac cession to the WTO on banking, insurance, 
and securities sub-sectors.  
A.  Insurance and insurance-related services  
 All insurance services related to health, social security, pens ions, retirement pensions and th e like, which are exclusively pr ovided by the competent public body, are 
excluded in this schedule, and can only be supplied by the state through the said public body. 
(i)  Direct insurance  
 (including co-insurance): 
  (A) life insurance 
 (B)  non-life insurance  (1)  Unbound 
(2)   None 
(3)   None, except service provider must 
take form of limited liability 
company 
(4)  Unbound, except as indicated under 
Horizontal Commitments (1)   Unbound 
(2)   None 
(3)   None  
 
(4) Unbound, except as indicated under 
Horizontal Commitments  
(ii)  Reinsurance and retrocession 
 (1)  None 
(2)   None (3)   None, except service provider must 
take form of limited liability 
company 
(4)  Unbound, except as indicated under 
Horizontal Commitments (1)   None 
(2)   None (3)   None 
 
 (4) Unbound, except as indicated under 
Horizontal Commitments  
(iii) Insurance intermediation, such as 
brokerage and agency (1)  Unbound, except for reinsurance 
where:  none    
(2)  None 
(3) None, except qualification as an 
agent requires two year residency in Cape Verde and qualification as a 
broker requires three years of work 
as an insurance agent in Cape Verde 
(4)  Unbound, except as indicated under 
Horizontal Commitments (1)   None 
 (2)   None 
(3)   None 
  
 
 (4) Unbound, except as indicated under 
Horizontal Commitments   
  WT/ACC/SPEC/CPV/3/Rev.5 
Page 18 Modes of supply:  (1)  Cross-Border supply  (2)  Consumption abroad  (3)  Commercial Presence  (4)  Presence of natural persons  
Sector or sub-sector Limitations on market access Limitations on nati onal treatment Additional commitments 
(iv) Services auxiliary to insurance, such 
as consultancy, actuarial risk assessment and claim settlement 
services  
 (1)  None 
(2)   None (3)   None, except service provider must 
take form of limited liability 
company 
(4)  Unbound, except as indicated under 
Horizontal Commitments  (1)  None 
(2)   None (3)   None 
 
 (4)  Unbound, except as indicated under 
Horizontal Commitments   
B. Banking and other financial s ervices (excluding insurance) 
(v) Acceptance of deposits and other 
repayable funds from the public.  
(vi)  Lending of all types, including 
consumer credit, mortgage credit, 
factoring and financing of commercial transaction.  
(vii) Financial leasing.  
(viii) All payment and money 
transmission services, including 
credit, charge and debit cards, 
travellers cheques and bankers 
drafts.  
(ix) Guarantees and commitments.  (x) Trading for own account or for 
account of customers, whether on an 
exchange, in an over-the-counter market or otherwise, the following: 
 (A) money market instruments 
(including cheques, bills, certificates of deposits); 
 (B) foreign exchange;  
 (C) derivative products including, 
but not limited to, futures and 
options;  
 (D) exchange rate and interest rate 
instruments, including 
products such as swaps, 
forward rate agreements;  
 (E) transferable securities; and (1)  Unbound 
(2)  None (3)  None, except service provider must 
be set up in the form of a limited 
liability company 
(4)  Unbound, except as indicated under 
Horizontal Commitments (1)   Unbound 
(2)   None (3)   None 
 
 (4) Unbound, except as indicated under 
Horizontal Commitments   
   WT/ACC/SPEC/CPV/3/Rev.5
 Page 19Modes of supply:  (1)  Cross-Border supply  (2)  Consumption abroad  (3)  Commercial Presence  (4)  Presence of natural persons  
Sector or sub-sector Limitations on market access Limitations on nati onal treatment Additional commitments 
 (F) other negotiable instruments 
and financial assets, including bullion. 
(xi) 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;  
(xii) Money broking;  
(xiii) Asset management, such as cash or 
portfolio management, all forms of collective investment management, 
pension fund management, 
custodial, depository and trust services;  
(xiv) Settlement and clearing services for 
financial assets, including securities, derivative products, and other 
negotiable instruments;  
(xv)  Advisory, intermediation and other 
auxiliary financial services on all 
the activities listed in subparagraphs 
(v) through (xv), including credit reference and analysis, investment 
and portfolio research and advice, 
advice on acquisitions and on corporate restructuring and strategy; 
(xvi) Provision and transfer of financial 
information, and financial data processing and related software by 
suppliers of other financial services. (1) None 
(2) None 
(3) None 
(4) Unbound, except as indicated under 
Horizontal Commitments (1) None 
(2) None 
(3) None 
(4) Unbound, except as indicated under 
Horizontal Commitments   
  WT/ACC/SPEC/CPV/3/Rev.5 
Page 20 Modes of supply:  (1)  Cross-Border supply  (2)  Consumption abroad  (3)  Commercial Presence  (4)  Presence of natural persons  
Sector or sub-sector Limitations on market access Limitations on nati onal treatment Additional commitments 
9. TOURISM AND TRAV EL RELATED SERVICES 
A.  Hotels and restaurant service 
 (CPC 641, 642, 643)  (1)  Unbound 
(2)  None (3)  None, except a) operation of hotels 
may optionally seek to take 
advantage of the investment incentives under Tourism Utility 
Law and b) 60 % of the number of 
all restaurants not installed within or annex to hotels as part thereof in the 
country and by island shall be 
owned by Cape Verdean Citizens; restaurants that want to take 
advantage of investment incentives 
under the Tourism Utility Law, are subject to an economic needs test 
(ENT). However, restaurants that do 
not want to take advantage of 
investment incentives under that law 
are not subject to an ENT 
(4)  Unbound, except as indicated under 
Horizontal Commitments (1)  Unbound   
(2)  None (3)  None, 60 % of the number of all 
restaurants not installed within or 
annex to hotels as part thereof in the country and by island shall be 
owned by Cape Verdean Citizens 
  
 
  
 
  
 
 
 
 (4) Unbound, except as indicated under 
Horizontal Commitments The Government of Cape Verde affirms 
that there is no discrimination on the basis of nationality in application of the 
investment incentives of the Tourism 
Utility Law or the related economic needs test.   
B.   Travel agencies and tour operators 
services   
 (CPC 7471) 
 
 (1)  Unbound 
(2)  None (3)  None with respect to travel agencies 
and tour operator services provided 
in joint venture with Cape Verde nationals, as long as foreign interest 
is less than 50%. 
  Travel agencies and tour operator 
services with foreign investment of 
50% of more are subject to the following limitations: 
 
 - the number of such travel 
agencies cannot exceed more (1)   Unbound 
(2)   None (3)   None 
 
  
 
  
 
  
 
    
   WT/ACC/SPEC/CPV/3/Rev.5
 Page 21Modes of supply:  (1)  Cross-Border supply  (2)  Consumption abroad  (3)  Commercial Presence  (4)  Presence of natural persons  
Sector or sub-sector Limitations on market access Limitations on nati onal treatment Additional commitments 
than one-third of all national 
service providers (including joint ventures with a foreign 
interest of less than 50%) 
operating in the territory of Cape Verde; 
 - the number of such tour 
operators cannot exceed more than one-third of all national 
service providers (including 
joint ventures with a foreign interest of less than 50%) 
operating in the territory of 
Cape Verde;  
 - a travel agency with less than 
50% Cape Verde ownership is 
limited to one establishment on each of three islands; and 
 - a tour operator  with less than 
50% Cape Verde ownership 
cannot operate on more than 
three islands.  
(4) Unbound, except as indicated under 
Horizontal Commitments  
  
 
  
 
  
 
  
 
  
 
  
 
 
 
 (4) Unbound, except as indicated under 
Horizontal Commitments 
C.  Tour guides 
 (CPC 7472) (1)  Unbound 
(2)  Unbound (3) Unbound, except for tour guides 
with language capabilities not 
otherwise available in Cape Verde 
(4)  Unbound, except as indicated under 
Horizontal Commitments (1)   Unbound 
(2)   Unbound (3)   Unbound, except for tour guides 
with language capabilities not 
otherwise available in Cape Verde 
(4) Unbound, except as indicated under 
Horizontal Commitments   
  WT/ACC/SPEC/CPV/3/Rev.5 
Page 22 Modes of supply:  (1)  Cross-Border supply  (2)  Consumption abroad  (3)  Commercial Presence  (4)  Presence of natural persons  
Sector or sub-sector Limitations on market access Limitations on nati onal treatment Additional commitments 
10. RECREATIONAL, CULTURAL AND SPORTING SERVICES 
- Recreational fishing  
  (1)  Unbound 
(2)  None (3)  None, except subject to the laws and 
regulations of Cape Verde 
(4)  Unbound, except as indicated under 
Horizontal Commitments (1)   Unbound 
(2)   None (3)   None 
 
(4) Unbound, except as indicated under 
Horizontal Commitments  
11. TRANSPORT SERVICES 
International maritime transport 
passenger and freight  
  (CPC 7211, 7212) except cabotage 
transport:   The following services at the port are 
made available to international maritime 
transport suppliers on reasonable and non -discriminatory terms and conditions 
1. Pilotage; 
2. Towing and the tug assistance; 3. Provisioning, fuelling and watering; 
4. Garbage collecting and ballast waste 
disposal; 
5. Port Captain's services; 
6. Navigation aids; 
7. Shore-based operational services 
essential to ship operations including 
communications, water and electrical supplies; 
8. Emergency repair facilities; 
9. Anchorage, berth and berthing 
services. 
(a) Liner shipping 
(b)  Bulk, tramp, and other international 
shipping, including passenger transportation (1) None 
(2) None 
(3) Unbound (4) Unbound, except as indicated under 
Horizontal Commitments  (1) None 
(2) None 
(3) Unbound (4) Unbound, except as indicated under 
Horizontal Commitments  See Note  
   WT/ACC/SPEC/CPV/3/Rev.5
 Page 23Modes of supply:  (1)  Cross-Border supply  (2)  Consumption abroad  (3)  Commercial Presence  (4)  Presence of natural persons  
Sector or sub-sector Limitations on market access Limitations on nati onal treatment Additional commitments 
(a) Establishment of registered 
company for the purpose of operating a fleet under the national 
flag of the State 
(b) Other forms of commercial presence 
for the supply of international 
maritime services  (1)  None 
(2)  None (3)  Unbound 
(4)  Unbound, except as indicated under 
Horizontal Commitments  (1)  None 
(2)  None (3)  Unbound 
(4)  Unbound, except as indicated under 
Horizontal Commitments  See Note 
(a) Ship's crews 
(b) Key personnel employed in relation 
to a commercial presence as defined 
under mode 3b) above (1)  None 
(2)  None (3)  Unbound 
(4)  Unbound, except as indicated under 
Horizontal Commitments  (1)  None 
(2)  None (3)  Unbound 
(4)  Unbound, except as indicated under 
Horizontal Commitments   
- Rental of boats and ships  
 (CPC 83103) (1)  None 
(2)  None 
(3)  None 
(4)  Unbound, except as indicated under 
Horizontal Commitments  (1)  None 
(2)  None 
(3)  None 
(4)  Unbound, except as indicated under 
Horizontal Commitments   
- Inter-island and local maritime 
transport - passenger and freight  
 (CPC 7221, 7222) (1)  Unbound 
(2)  None 
(3)  None, except foreign ownership 
limited to less than 75% and vessel 
must be registered in Cape Verde  
(4)  Unbound, except as indicated under 
Horizontal Commitments (1)   Unbound 
(2)   None 
(3)   None 
 
 (4) Unbound, except as indicated under 
Horizontal Commitments  
 WT/ACC/SPEC/CPV/3/Rev.5 
Page 24  
 
  REFERENCE PAPER
 
Scope  
The following are definitions and principles on the regulatory framework for the basic 
telecommunications services.   
Definitions  
Users mean service consumers and service suppliers.   
Essential facilities mean facilities of a public telecommunications transport network or service that:  (a) are exclusively or predominantly provided  by a single or limited number of suppliers; 
 and  
 (b)  cannot feasibly be economically or te chnically substituted in order to provide a 
service. 
A major supplier is a supplier which has the ability to  materially affect the terms of participation 
(having regard to price and supply) in the 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 co mmercially relevant 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 user s of one supplier to communicate with users of 
another supplier and to access services provi ded by another supplier, where specific 
commitments are undertaken. 
2.2 Interconnection to be ensured  
 Interconnection with a major supplier will be en sured at any technically feasible point in the 
network.  Such interconnection is provided:  WT/ACC/SPEC/CPV/3/Rev.5 
 Page 25 
 
 
   (a) under non-discriminatory terms, conditi ons (including technical standards and 
specifications) and rates and of a quality no less favourable than that provided for its 
own like services or for like services of non- affiliated service suppliers or for its 
subsidiaries or other affiliates; 
 (b) in a timely fashion, on terms, cond itions (including technical standards and 
specifications) and cost-oriented rates that are transparent, reasonable, having regard to 
economic feasibility, and sufficiently unbundled  so that the supplier need not pay for 
network components or facilities that it does not  require for the service to be provided; 
and 
 (c) upon request, at points in addition to 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 pro cedures 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 whic h 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 re garding appropriate te rms, conditions 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 ki nd of universal service obligation it wishes to 
maintain.  Such obligations will not be regard ed as anti-competitive per se, provided they are 
administered in a transparent, non-discrimin atory and competitively neutral manner and are 
not more burdensome than necessary for the kind  of universal service defined by the Member. 
4. Public availability of licensing criteria  
 Where a licence is required, the following w ill be made publicly available:  (a) all the 
licensing criteria and the period of time normally required to reach a decision concerning an application for a licence and (b) the terms and conditions of individual licenses.  The reasons 
for the denial of a licence will be made known to the applicant upon request. 
5. Independent regulators
 
 The regulatory body is separate from, and not accountable to, any supplier of basic 
telecommunications services.  The decisions of and the procedures used by regulators shall be impartial with respect to all market participants. WT/ACC/SPEC/CPV/3/Rev.5 
Page 26  
 
  6. Allocation and use of scarce resources
 
 Any procedures for the allocation and use of scarce resources, including frequencies, numbers 
and rights of way, will be carried out in an objective, timely, transparent and non-discriminatory manner. The current state of a llocated frequency bands will be made publicly 
available, but detailed identification of freque ncies allocated for specific government uses is 
not required.  WT/ACC/SPEC/CPV/3/Rev.5 
 Page 27 
 
 
  Note to the Schedule:  Ma ritime Transportation Services  
Where road, rail, inland waterways [a nd] [related] [auxiliary] services ar e not otherwise fully covered in 
[this] [a Member's] schedule, a multimodal transpor t operator shall have the ability to rent or lease 
trucks, railway carriages or barges, and related equipment, for the purpose of inland forwarding of 
cargoes, or have access to, and use of, these fo rms of multimodal activiti es on reasonable and non-
discriminatory terms and conditions for the purpose of carrying out multimodal transport operations.  
["Reasonable and non-discriminato ry terms and conditions" means, for the purpose of [multimodal 
transport operations], [this additional commitment], the ability of the multi modal transport operator to 
arrange for the conveyance of its merchandise on a timely basis, includ ing priority over other 
merchandise which has entered the port at a later date]. 
DEFINITIONS  
[1. Without prejudice to the scope of activities which may be considered as "cabotage" under the 
relevant national legislation, this schedule does not include " mariti me cabotage services", 
which are assumed to cover transportation of pa ssengers or goods between a port located in ... 
(name of country or, for the EEC, "a Member Stat e") and another port located in ... (name of the 
country or, for the EEC, "the same Member State" ) and traffic originating and terminating in ... 
the same port located in (name of country, or for the EEC, "a Member State") provided that this 
traffic remains within ... (name of country or " this Member State's") territo rial waters.] 
2. "Other forms of commercial presence for the supply of international maritime transport 
services" means the ability for international ma ritime transport service suppliers of other 
Members to undertake locally all activities which are necessary fo r the supply to their customers 
of a partially or fully integr ated transport service, within  which the maritime transport 
constitutes a substantial element.  (This commitm ent shall however not be construed as limiting 
in any manner the commitments undertaken und er the cross-border mode of delivery.) 
These activities include, but are not limited to: (a) marketing and sales of mariti me transport and related servic es through direct contact with 
customers, from quotation to i nvoicing, these services being th ose operated or offered by the 
service supplier itself or by service suppliers with which th e service seller has established 
standing business  arrangements; 
(b) the acquisition, on their own account or on beha lf of their customers (and the resale to their 
customers) of any transport and related servic es, including inward transport services by any 
mode, particularly inland waterways, road and ra il, necessary for the supply of the integrated 
service; 
(c) the preparation of documentation concerning tr ansport documents, customs documents, or other 
documents related to the origin and character of the goods transported; 
(d) the provision of business information by a ny means, including computerised information 
systems and electronic data interchange (sub ject to the provisions of the annex on 
telecommunications); 
(e) the setting up of any business arrangements (including participa tion in the stock of a company) 
and the appointment of personnel r ecruited locally (or, in the cas e of foreign personnel, subject 
to the horizontal commitment on movement of pe rsonnel) with any locally  established shipping 
agency; 
(f) acting on behalf of the companies, organising the call of the ship or taking over cargoes when 
required. 
3. "Multimodal transport operator" mean s the person on whose behalf the bill of 
lading/multimodal transport doc ument, or any other document evidencing a contract of WT/ACC/SPEC/CPV/3/Rev.5 
Page 28  
 
  multimodal carriage of goods, is issued and who is responsible for the carriage of goods 
pursuant to the contract of carriage. 
4. "Maritime cargo handing services" means ac tivities exercised by stevedore companies, 
including terminal operators, but not including th e direct activities of dockers, when this 
workforce is organised independen tly of the stevedoring or terminal operator companies.  The 
activities covered include the or ganisation and supervision of: 
- the loading/discharging of cargo to/from a ship; 
- the lashing/unlashing of cargo; - the reception/delivery and safekeeping of ca rgoes before shipment or after discharge. 
5. "Customs clearance services" (alternatively "customs house broker s' services") means activities 
consisting in carrying out on behalf of anothe r party customs formalities concerning import, 
export or through transport of cargoes, whether this  service is the main activity of the service 
provider or a usual compleme nt of its main activity. 
6. "Container station and depot services" means ac tivities consisting in storing containers, whether 
in port areas or inland, with a view to thei r stuffing/stripping, repairing and making them 
available for shipments. 
7. "Maritime agency services" means activitie s consisting in representing, within a given 
geographic area, as an agent the business interest s of one or more shipping lines or shipping 
companies, for the following purposes: 
- marketing and sales of maritime transport and related serv ices, from quotation to invoicing, and 
issuance of bills of lading on behalf of the co mpanies, acquisition and resale of the necessary 
related services, preparation of documentation, and provisi on of business information; 
- acting on behalf of the companies organising the call of the ship or taking over cargoes when 
required. 
8. "Freight forwarding services" means [the ac tivity consisting of organising and monitoring 
shipment operations on behalf of shippers, through the acquisition of transport and related 
services, preparation of documentation and provision of business information]. 
  
_______________ 
  
   WT/ACC/SPEC/CPV/3/Rev.5
 Page 29List of Article II (MFN) Exemptions of the Republic of Cape Verde  
 
Sector or sub-sector 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 Waiver of nationality requirements for the 
exercise, in Cape Verde, of certain activities 
and professions by natural persons supplying 
services from designated countries Countries of Portuguese 
language - Angola, Brazil, 
Guinea-Bissau, Mozambique, 
Portugal, Sao Tome and Principe and East Timor Indefinite This measure reflects historical 
links between Cape Verde and 
these countries 
All sectors Full national treatment is extended to nationals 
of the countries listed in column 3 Members of the Economic 
Community of West African 
States Indefinite To ensure commitments in the 
context of regional integration 
Audiovisual services 
Production and distribution 
of television programmes 
and cinematographic works Measures based upon co-production 
agreements of audiovisual works, which 
confer national treatment to audiovisual works 
covered by such agreements Countries with which such 
bilateral or plurilateral 
agreements are in  force, now or 
in the future Indefinite The aim of these agreements is to 
promote cultural links between 
countries concerned, and develop 
cultural industries 
Audiovisual services Production and distribution 
of television programmes 
and cinematographic works Measures granting the benefit of support 
programs to audiovisual works and suppliers 
of such works meeting certain origin criteria. Countries with which  bilateral 
or plurilateral agreements 
relating to culture are in force, 
now or in the future Indefinite These measures aim at preserving 
and promoting cultural values 
within Cape Verde and with other 
countries and develop cultural 
industries 
Audiovisual services 
Production and distribution of audiovisual works 
through broadcasting 
transmission to the public   Measures which extend National Treatment to 
audiovisual works which  meet certain origin criteria regarding access to broadcasting 
transmission Countries with which bilateral 
or plurilateral agreements are in force, now or the in future, in 
the area of cultural cooperation Indefinite These measures aim, within the 
sector, to promote cultural values and develop cultural industries both 
within Cape Verde and with others 
countries, including in the region 
 
 
__________