Without prejudice to specific provisions contained elsewhere in the FTAA agreement. The FTAA services agreement should have, in principle, universal coverage of all service sectors. It is the understanding of some delegations that the four modes of supply should be addressed in the FTAA services agreement. It is the understanding of some delegations that the investment issue should be addressed by the Negotiating Group on Investment. It is the understanding of the delegations that this issue should be the subject of further discussions within the Negotiating Group on Services.
Governments maintain the right to regulate services.
It is the understanding of the delegations that the exercise of this right should be consistent with national policy objectives and with the disciplines established in the context of the FTAA agreement. Discussions are continuing on this issue. The delegations expressed their willingness to continue analyzing this issue with the objective of clarifying the scope of certain terms. To meet the liberalization objectives provided for in the FTAA services agreement, discussions on alternative mechanisms of liberalization are continuing. The Negotiating Group agreed that it was too early to decide on an approach to the negotiations.