RESTRICTED  WORLD TRADE  
ORGANIZATION  WT/ACC/SPEC/ARM/2/Rev.1 
14 January 1999 
 (99-0099) 
Working Party on the  
Accession of Armenia Original:   English 
 
 
ACCESSION OF ARMENIA 
 
Initial Offer on Services  
 
Revision  
 
  The Ministry of Industry and Trade of the Re public of Armenia has submitted a revised draft 
schedule of specific commitments in services which is reproduced hereunder. 
 
  
 WT/ACC/SPEC/ARM/2/Rev.1 
Page 2 
Armenia: Draft Schedule of Specific Commitments Under GATS  
 
Modes of supply:   1) Crossborder supply   2) Consumption abroad    3)  Commercial presence   4)  Presence of natural persons 
Sector or Subsector Limitations on Market Access Li mitations on National Treatment Additional Commitments 
1.  HORIZONTAL COMMITMENTS 
ALL SECTORS INCLUDED IN 
THIS SCHEDULE 
 Movement of  natural persons  
4) Unbound, except for the following 
categories of natural persons: 
i) Temporary presence of intracorporate 
transferees occupying senior managerial, executive, technical, or specialist positions in enterprises,
*established in 
Armenia or providing services through a 
branch, subsidiary, or affiliate 
established in Armenia**must be 
prepared upon request to certify the qualifications of their transferees seeking entry.  Entry will be granted for an initial 
period of up to three years, and may be 
renewed for successive periods. Land ownership
 
3) Under Armenia’s Constitution, 
foreign natural persons may not own 
land.  Natural persons who are Armenian citizens are entitled to own land.  All juridical persons, whether foreign or Armenian, may
own land. 
 Subsidies
 
1), 2), 3) 4) Unbound with respect to subsidies.  Only legal entities constituted under Armenian 
legislation are eligible for 
subsidization irrespective of their capital ownership.  
                                                      
* State registration : 
All juridical and natural persons supplying services on a commercia l basis within the territory of Armenia must be registered w ith the appropriate authorities. 
** Temporary presence of persons responsi ble for setting up of a commercial presence : 
Entry will be granted for a period of up to three months to pers ons who as employees of an enterprise not having commercial pre sence in Armenia, stay temporarily in 
 Armenia for the purpose of establishing a branch, subsidiary, or  affiliate of that enterprises in Armenia, subject to availabi lity of invitation from Armenian natural or 
 juridical persons and provided that they are not engaged in supplying services on a commercial basis within the territory of A rmenia.  
  WT/ACC/SPEC/ARM/2/Rev.1
 Page 3Modes of supply:   1) Crossborder supply   2) Consumption abroad    3)  Commercial presence   4)  Presence of natural persons 
Sector or Subsector Limitations on Market Access Li mitations on National Treatment Additional Commitments 
 ii)  Temporary presence of independent 
service suppliers in the business service 
sectors inscribed in the schedules, 
subject to possession of the necessary professional qualifications, as established by the relevant authorities or professional bodies and subject to state registration.
*  Entry will be granted for 
an initial period of three years, and may 
be renewed for successive periods. 
Registration  
All juridical and natural persons supplying services on a commercial 
basis within the territory of Armenia 
must be registered with the appropriate authorities.   
II.   SECTOR SPECIFIC COMMITMENTS 
1.  BUSINESS SERVICES  
A. Professional Services 
(a)  Legal services  
(CPC 861)  (1) None, except for drafting of legal 
documents (2)  None (3) None, except for notarizing services, which are reserved to state 
(4)  Unbound, except as indicated in the 
horizontal section. (1) None, except for drafting of legal 
documents (2)  None 3) None, except for notarizing services, which are reserved to state 
(4)  Unbound, except as indicated in 
the horizontal section.  
                                                      
* State registration : 
All juridical and natural persons supplying services on a commercia l basis within the territory of Armenia must be registered w ith the appropriate authorities.  
 WT/ACC/SPEC/ARM/2/Rev.1 
Page 4 
Modes of supply:   1) Crossborder supply   2) Consumption abroad    3)  Commercial presence   4)  Presence of natural persons 
Sector or Subsector Limitations on Market Access Li mitations on National Treatment Additional Commitments 
(b)  Accounting services  
(CPC 862)  
 (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)  Auditing services  
(CPC 862)  (1) None 
(2) None (3) Enterprises must be sole proprietorships or partnerships   (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)  Book-keeping services  
(CPC 862) 
 (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)  Taxation services  
(CPC 863)  (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)  Architectural services  
(CPC 8671)  (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)  Engineering services  
(CPC 8672) 
 (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.   
  WT/ACC/SPEC/ARM/2/Rev.1
 Page 5Modes of supply:   1) Crossborder supply   2) Consumption abroad    3)  Commercial presence   4)  Presence of natural persons 
Sector or Subsector Limitations on Market Access Li mitations on National Treatment Additional Commitments 
(f)  Integrated engineering services  
(CPC 8673) 
 (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.  
(g)  Urban planning and landscape 
architectural services  (CPC 8674)  (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.  
(h)  Medical and dental services  
(CPC 9312)  (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. Computer and Related Services 
(a)  Consultancy services related to 
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  
Maintenance and repair services of 
office machinery and equipment including computers  
(CPC 845) 
 (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.   
 WT/ACC/SPEC/ARM/2/Rev.1 
Page 6 
Modes of supply:   1) Crossborder supply   2) Consumption abroad    3)  Commercial presence   4)  Presence of natural persons 
Sector or Subsector Limitations on Market Access Li mitations on National Treatment Additional Commitments 
Data preparation services  
(CPC 8491) 
 (1) None. 
(2) None. 
(3) None. 
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 
Research and development services 
(CPC 851-853) 
 (1) None 
(2) None 
(3) None 
Unbound, except as indicated in the horizontal section (1) None 
(2) None 
(3) None 
(4) Unbound, except as indicated in the horizontal section  
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. Rental/ Leasing Services without operators 
(b) Relating to aircraft  
(CPC 83104)  (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   
  WT/ACC/SPEC/ARM/2/Rev.1
 Page 7Modes of supply:   1) Crossborder supply   2) Consumption abroad    3)  Commercial presence   4)  Presence of natural persons 
Sector or Subsector Limitations on Market Access Li mitations on National Treatment Additional Commitments 
(c) Relating to other transport 
equipment  
(CPC 83101+83102) 
 (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) Relating to other machinery and 
equipment  (CPC 83106 - 83109)  (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  
F. Other Business Services 
(a)  Advertising services  
(CPC 871)  (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)  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   
 WT/ACC/SPEC/ARM/2/Rev.1 
Page 8 
Modes of supply:   1) Crossborder supply   2) Consumption abroad    3)  Commercial presence   4)  Presence of natural persons 
Sector or Subsector Limitations on Market Access Li mitations on National Treatment Additional Commitments 
(e) Technical testing and analysis 
services  
(CPC 8676) (1) Unbound 
(2) None 
(3) Technical testing and analysis service
suppliers should be legal entities constituted under Armenian legislation (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)  Consulting services incidental to 
manufacturing  (CPC 884+885) 
 (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  
(n)  Maintenance and repair of 
equipment (not including maritime 
vessels, aircraft or other transport equipment) (CPC 633+8861-8866) (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  
(r)  Printing, publishing  
(CPC 88442)  (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) 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   
  WT/ACC/SPEC/ARM/2/Rev.1
 Page 9Modes of supply:   1) Crossborder supply   2) Consumption abroad    3)  Commercial presence   4)  Presence of natural persons 
Sector or Subsector Limitations on Market Access Li mitations on National Treatment Additional Commitments 
(t) 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  
2.  COMMUNICATION SERVICES  
B.  Courier services 
(CPC 7512) 
 (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. Telecommunications Services 
(a)  International, domestic long 
distance and local basic telephone 
services, wire based and radio based, facility based and on a resale basis. (CPC 7521) (1) Unbound until 2013 , thereafter none 
(2) None 
(3) Subject to licensing that may include conditions relating to the development of infrastructure.  Monopoly rights in international services and all services in the 
Yerevan Municipal area until 2013, 
thereafter subject to licensing only (4) Unbound, except as indicated in the horizontal section (1) Unbound until 2013, thereafter 
none. 
(2) None. (3) None.   
 
 (4) Unbound, except as indicated in the horizontal section  Upon expiration of monopoly 
rights in 2013 Armenia will 
undertake additional commitments according to regulatory conditions contained in the attached Reference Paper, 
all parts of which will be equally 
binding. 
International, domestic long distance and local:  (b)  facility based packet and circuit switched data transmission services, and (f) facility based facsimile services. 
(CPC 7523**, CPC 7521**) (1) Unbound until 2013 , thereafter none 
(2) None (3) Subject to licensing that may include conditions relating to the development of infrastructure.  Monopoly rights until 2013, 
thereafter subject to licensing only 
(4) Unbound, except as indicated in the horizontal section (1) Unbound until 2013, thereafter 
none. (2) None (3) None 
 
 (4) Unbound, except as indicated in the horizontal section Upon expiration of monopoly 
rights in 2013 Armenia will undertake additional commitments according to regulatory conditions contained 
in the attached Reference Paper, 
all parts of which will be equally binding.  
 WT/ACC/SPEC/ARM/2/Rev.1 
Page 10 
Modes of supply:   1) Crossborder supply   2) Consumption abroad    3)  Commercial presence   4)  Presence of natural persons 
Sector or Subsector Limitations on Market Access Li mitations on National Treatment Additional Commitments 
International, domestic long distance 
and local:  (b)  facility based packet 
and circuit switched data 
transmission services on a resale basis, and (f) facility based facsimile services on a resale basis. (CPC 7523**, CPC 7521**) (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), (e) International, domestic long 
distance and local telex and telegraph services, facility based and 
on a resale basis. 
(CPC 7522+7523**) (1) Unbound until 2013 , thereafter none 
(2) None (3) None 
Unbound, except as indicated in the 
horizontal section (1) Unbound until 2013, thereafter 
none (2) None 
(3) None 
(4) Unbound, except as indicated in the horizontal section  
(g)  Private leased circuit services 
(CPC 7522**+CPC 7523**) (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  
International, domestic long distance 
and local:  (a)  public mobile services, including analogue/digital 
cellular services, personal 
communication services (PCS), specialized mobile radio (SMR), Global System Mobile Communications (GSM), mobile satellite services (MSS), facility 
based and on a resale basis;  (o)  
paging services, and mobile data services, facility based and on a resale basis. (CPC 75213+CPC 75291) (1) Unbound until 2013 , thereafter none 
(2) None (3) Subject to licensing that may include 
conditions relating to the development of 
infrastructure.  Monopoly rights until 2013, thereafter subject to licensing only (4) Unbound, except as indicated in the horizontal section (1) Unbound until 2013, thereafter 
none. (2) None 
(3) None 
  (4) Unbound, except as indicated in the horizontal section   
  WT/ACC/SPEC/ARM/2/Rev.1
 Page 11Modes of supply:   1) Crossborder supply   2) Consumption abroad    3)  Commercial presence   4)  Presence of natural persons 
Sector or Subsector Limitations on Market Access Li mitations on National Treatment Additional Commitments 
International based facility based 
value added telecommunications 
services, wire based or radio based, 
including:  (h)  electronic mail;  (i)  voice mail;  (j)  online information and data base retrieval;  (k)  electronic data interchange;  (m)  code and protocol conversion;  (n)  
online information and/or data 
processing (including transaction processing) (CPC 7523**+CPC843**) (1) Unbound until 2013 , thereafter none 
(2) None 
(3) Subject to licensing that may include 
conditions relating to the development of infrastructure.  Monopoly rights until 2013, thereafter subject to licensing only (4) Unbound, except as indicated in the 
horizontal section (1) Unbound until 2013, thereafter 
none. 
(2) None 
(3) None   (4) Unbound, except as indicated in 
the horizontal section  
International value added 
telecommunications services on a resale basis, and domestic value added telecommunications services, 
facility based and on a resale basis, 
wire based or radio based, including:  (h)  electronic mail;  (i)  voice mail;  (j)  online information and data base retrieval;  (k)  electronic data 
interchange;  (m)  code and protocol 
conversion;  (n)  online information and/or data processing (including transaction processing) (CPC 7523**+CPC843**) (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  
Telecommunications related services  
(CPC 754) (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  
     
 WT/ACC/SPEC/ARM/2/Rev.1 
Page 12 
Modes of supply:   1) Crossborder supply   2) Consumption abroad    3)  Commercial presence   4)  Presence of natural persons 
Sector or Subsector Limitations on Market Access Li mitations on National Treatment Additional Commitments 
D. Audiovisual Services    
(a)  Motion picture and video tape 
production and distribution services (CPC 9611)  (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)  Motion picture projection 
service  
(CPC 9612) 
 (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)  Radio and television services 
(not including transmission services) (CPC 9613)  (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)  Sound recording services  
(CPC ) 
 (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  
3. CONSTRUCTION AND RELATED ENGINEERING SERVICES  
A.  General construction work for 
buildings  
(CPC 512) 
 (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   
  WT/ACC/SPEC/ARM/2/Rev.1
 Page 13Modes of supply:   1) Crossborder supply   2) Consumption abroad    3)  Commercial presence   4)  Presence of natural persons 
Sector or Subsector Limitations on Market Access Li mitations on National Treatment Additional Commitments 
B.  General construction work for 
civil engineering  
(CPC 513) 
 (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.   Installation and assembly work  
(CPC 514+516)  (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. Building completion and 
finishing work  (CPC 517) 
 (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  
4. DISTRIBUTION SERVICES  
A.  Commission agents’ services  
(CPC 621) 
 (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.  Wholesale trade  services  
(CPC 622)  (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.  Retailing  services  
(CPC 631+632, 6111+6113+6121)  (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   
 WT/ACC/SPEC/ARM/2/Rev.1 
Page 14 
Modes of supply:   1) Crossborder supply   2) Consumption abroad    3)  Commercial presence   4)  Presence of natural persons 
Sector or Subsector Limitations on Market Access Li mitations on National Treatment Additional Commitments 
D.  Franchising  
(CPC 8929 ) 
 (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  
C.  Higher education  
(CPC 923) 
 (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.  Adult education  
(CPC 924)  (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  
6.  ENVIRONMENTAL SERVICES  
A.  Sewage services  
(CPC 9401)  (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.  Refuse disposal services  
(CPC 9402) 
 (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   
  WT/ACC/SPEC/ARM/2/Rev.1
 Page 15Modes of supply:   1) Crossborder supply   2) Consumption abroad    3)  Commercial presence   4)  Presence of natural persons 
Sector or Subsector Limitations on Market Access Li mitations on National Treatment Additional Commitments 
C.  Sanitation and similar services  
(CPC 9403) 
 (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  
7. FINANCIAL SERVICES     
A. Insurance services 
(a) Life, accident and health 
insurance services  (CPC 8121) 
 (1) Unbound 
(2) None (3) Providers of banking services may not 
provide insurance services 
(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)  Non-life insurance services  
(CPC 8129)  (1) Unbound 
(2) None (3) Providers of banking services may not provide insurance services (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)  Reinsurance and retrocession  
(CPC 81299) 
 (1) None 
(2) None 
(3) Providers of banking services may not 
provide insurance services (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 auxiliary to insurance 
(including broking and agency services)  (CPC 8140) 
 (1) Unbound 
(2) None (3) Providers of banking services may not provide insurance services 
(4) Unbound, except as indicated in the 
horizontal section (1) Unbound 
(2) None (3) None  
(4) Unbound, except as indicated in 
the horizontal section   
 WT/ACC/SPEC/ARM/2/Rev.1 
Page 16 
Modes of supply:   1) Crossborder supply   2) Consumption abroad    3)  Commercial presence   4)  Presence of natural persons 
Sector or Subsector Limitations on Market Access Li mitations on National Treatment Additional Commitments 
B. Banking and other financial services  
(a)  Acceptance of deposits and 
other repayable funds from the public; (b)  Lending of all types; (c)  Financial leasing; (d)  All payment 
and money transmission services; (e)  
Guarantees and commitments. (CPC 81115-81119, 8113, 8112, 81199**, 81339*) (1) None 
(2) None (3) Insurance providers may not provide banking services 
Branches will be accorded a lower rating by 
the Central Bank than banks established under Armenian law.  Branches may not accept deposits from resident Armenians  
(4) Unbound, except as indicated in the 
horizontal section (1) None 
(2) None (3) None Branches will be accorded a lower 
rating by the Central Bank than 
banks established under Armenian law. Branches may not accept deposits from resident Armenians.  
(4) Unbound, except as indicated in 
the horizontal section.  
 (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, foreign exchange, derivatives, exchange rate and 
interest rate instruments, transferable 
securities, other negotiable instruments and financial assets. (CPC 81321*, 81333, 81339*) (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   
  WT/ACC/SPEC/ARM/2/Rev.1
 Page 17Modes of supply:   1) Crossborder supply   2) Consumption abroad    3)  Commercial presence   4)  Presence of natural persons 
Sector or Subsector Limitations on Market Access Li mitations on National Treatment Additional Commitments 
(g)  Participation in issues of all 
kinds of securities, including under-
writing and placement as agent;  (h)  
Money broking;  (i)  Asset management, such as cash or portfolio management all forms of collective investment management pension fund management; (k) 
Advisory and other  auxiliary 
financial services;  (l) Provision and transfer of financial information and financial data processing and related software by suppliers of other 
financial services. 
(CPC 8119, 8132, 8131, 81323*, 8133, 81339*) (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  
(j)  Settlement and clearing services 
for financial assets, including securities, derivative products, and other negotiable instruments. (CPC 81319**) (1) Unbound 
(2) None (3) Settlement and clearing services of securities and derivative products are reserved exclusively to the Central 
Depositary Service of Armenia 
(4) Unbound, except as indicated in the horizontal section (1) Unbound 
(2) None (3) None   
 
(4) Unbound, except as indicated in the horizontal section  
8.  HEALTH AND SOCIAL SERVICES  
Hospital services  
(CPC 9311) 
 (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  
  
 WT/ACC/SPEC/ARM/2/Rev.1 
Page 18 
Modes of supply:   1) Crossborder supply   2) Consumption abroad    3)  Commercial presence   4)  Presence of natural persons 
Sector or Subsector Limitations on Market Access Li mitations on National Treatment Additional Commitments 
9.  TOURISM AND RELATED SERVICES  
Hotels and restaurants  
(CPC 641-643)  (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  
Travel agencies and tour operators 
services  
(CPC 7471) 
 (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  
Tourist guide services  
(CPC 7472)   
 (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  
10.  RECREATIONAL, CULTURAL AND SPORTING SERVICES  
Entertainment services (other than 
audio-visual )  
(CPC 9619)  (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  
 Sporting and recreational services  
(CPC 964) 
  
 (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  
 
 
 
  
  WT/ACC/SPEC/ARM/2/Rev.1
 Page 19Modes of supply:   1) Crossborder supply   2) Consumption abroad    3)  Commercial presence   4)  Presence of natural persons 
Sector or Subsector Limitations on Market Access Li mitations on National Treatment Additional Commitments 
11.  TRANSPORT SERVICES  
C. Air transport services  
(d)  Maintenance and repair of 
aircraft (CPC 8868)  (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 inthe horizontal section   
Selling and marketing of air 
transport services  (CPC 748+749) 
 (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. Rail Transport Services  
(a)  Passenger transportation 
(CPC)  7121+7122) (1) None 
(2) None (3) None 
 
   (4) Unbound, except as indicated in  the 
horizontal section (1) None, except for differential 
treatment with respect to taxes and charges for operation and 
preservation of public roads and for 
issuing entry permits (2) None (3) None (4) Unbound, except as indicated in 
the horizontal section  
(b)  Freight transportation 
(CPC 7123) (1) None 
(2) None 
(3) None 
    
(4) Unbound, except as indicated in  the 
horizontal section (1) None, except for differential 
treatment with respect to taxes and 
charges for operation and 
preservation of public roads and for issuing entry permits (2) None (3) None 
(4) Unbound, except as indicated in 
the horizontal section   
 WT/ACC/SPEC/ARM/2/Rev.1 
Page 20 
Modes of supply:   1) Crossborder supply   2) Consumption abroad    3)  Commercial presence   4)  Presence of natural persons 
Sector or Subsector Limitations on Market Access Li mitations on National Treatment Additional Commitments 
F. Road transport services  
(a)  Passenger transportation  
(CPC 7121+7122)  (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)  Freight transportation  
(CPC 7123) 
 (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)  Maintenance and repair of road 
transport equipment  (CPC 6112) (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  
H. Services auxiliary to all modes of transport  
(a)  Cargo handling services  
(CPC 741)  (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)  Storage and warehouse services 
(CPC 742) 
 (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   
  WT/ACC/SPEC/ARM/2/Rev.1
 Page 21Modes of supply:   1) Crossborder supply   2) Consumption abroad    3)  Commercial presence   4)  Presence of natural persons 
Sector or Subsector Limitations on Market Access Li mitations on National Treatment Additional Commitments 
Freight transport agency services 
and freight inspection  
(CPC 748+749) 
 (1) None 
 
 
 (2) None (3) None  
 
 (4) Unbound, except as indicated in the horizontal section (1) Customs clearance must be 
performed by a licensed customs 
agent established in the Republic of 
Armenia (2) None (3) Customs clearance must be performed by a licensed customs agent established in the Republic of 
Armenia 
(4) Unbound, except as indicated in the horizontal section  
  
 WT/ACC/SPEC/ARM/2/Rev.1 
Page 22 
ARMENIA: LIST OF ARTICLE II EXEMPTIONS  
  
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 
 
Road transport services (freight transportation) (CPC 7123) Under bilateral international 
road transport agreements transportation of goods to and within Armenian territory, performed by carriers, 
registered in the other 
contracting parties, is exempted from taxes and charges for operation and preservation of public roads and for issuing entry. Georgia, Iran, Lebanon, 
Turkmenistan, Cyprus, Russian Federation, Latvia, Syria, Bulgaria, Romania, Ukraine, Belarus, Kyrgyz 
Republic Indefinite Need to maintain possibility of applying 
reciprocal treatment in order to ensure adequate conditions for Armenian suppliers of trucking services in other territories  
Road transport services(passenger 
transportation) 
(CPC 7121+7122) Under bilateral international 
road transport agreements 
transportation of passengers to 
and within Armenian territory, performed by carriers, registered in the other contracting parties, is exempted from taxes and 
charges for operation and 
preservation of public roads and for issuing entry. Georgia, Lebanon, Russian 
Federation, Latvia, Syria, 
Bulgaria, Romania, 
Ukraine, Belarus, Kyrgyz Republic Indefinite Need to maintain possibility of applying 
reciprocal treatment in order to ensure adequate 
conditions for Armenian suppliers of trucking 
services in other territories  
  
 
__________