Proposal for a Council Decision on a EU position concerning the adoption of the decision of the Joint CARIFORUM-EC Council of the Economic Partnership Agreement between the CARIFORUM States, of the one part, and the European Community and its Member States, of the other part, amending Annex IV to the Agreement for the purpose of incorporating the commitments of the Commonwealth of the Bahamas
Date: 2010-06-30
Institutions: European Commission
Subjects: ACP countries, Bahamas, cooperation agreement, development aid, economic cooperation

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EUROPEAN COMMISSION 

Brussels, 30.6.2010 
COM(2010)345 final 

2010/0188 (NLE) 

Proposal for a 

COUNCIL DECISION 

on a EU position concerning the adoption of the decision of the Joint CARIFORUM-EC 
Council of the Economic Partnership Agreement between the CARIFORUM States, of 
the one part, and the European Community and its Member States, of the other part, 
amending Annex IV to the Agreement for the purpose of incorporating the 
commitments of the Commonwealth of the Bahamas 

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EXPLANATORY MEMORANDUM 

The Economic Partnership Agreement between the CARIFORUM States, of the one part, and 
the European Community and its Member States, of the other part was signed on 15 October 
2008, and it is provisionally applied as of 29 December 2008. Pursuant to Article 63 of the 
Agreement negotiations have continued with the Commonwealth of the Bahamas to define its 
commitments in the area of services and investment. Such negotiations have been successfully 
concluded on 25 January 2010 and the results should be recorded in a Decision of the Joint 
CARIFORUM-EC  Council  of  the  Agreement  incorporating  the  commitments  to  be 
undertaken by The Bahamas.  

To that effect, the Council is invited to adopt the enclosed Decision. 

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2010/0188 (NLE) 

Proposal for a 

COUNCIL DECISION 

on a EU position concerning the adoption of the decision of the Joint CARIFORUM-EC 
COUNCIL of the Economic Partnership Agreement between the CARIFORUM States, 
of the one part, and the European Community and its Member States, of the other part, 
amending Annex IV to the Agreement for the purpose of incorporating the 
commitments of the Commonwealth of The Bahamas 

THE COUNCIL OF THE EUROPEAN UNION, 

Having  regard  to  the  Treaty  on  the  Functioning  of  the  European  Union,  and  in  particular 
Article 207(4) first subparagraph, in conjunction with Article 218(9) thereof, 

Having regard to the proposal from the Commission1, 

Whereas: 

(1) 

(2) 

(3) 

(4) 

(5) 

The  Economic  Partnership  Agreement  between  the  CARIFORUM  States,  of  the  one 
part,  and  the  European  Community  and  its  Member  States,  of  the  other  part  (the 
"Agreement"), was signed on 15 October 2008, and is provisionally applied as of 29 
December 2008. 

It is provided for in Article 63 of the Agreement that the negotiation of the schedule of 
commitments  in  services  and  investment  for  the  Commonwealth  of  the  Bahamas 
would be finalized within six months of the signature of the Agreement. 

Such negotiations have been satisfactorily concluded on 25 January 2010. 

The  results  of  such  negotiations  should  be  set  out  in  a  Decision  of  the  Joint 
CARIFORUM-EC Council established by the Agreement, 

It is therefore appropriate to establish the position to be adopted on the Union's behalf 
in the Trade and Development Committee, 

1 

OJ C […], […], p. […]. 

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HAS ADOPTED THIS DECISION: 

Sole Article 

The position to be adopted by the European Union in view of the adoption of a decision of the 
Joint  CARIFORUM-EC  Council  amending  Annex  IV  E  and  Annex  IV  F  of  the  Agreement 
shall  be  to  approve  the  amendments  and  their  provisional  application,  based  on  the  draft 
decision  annexed  to  this  Decision.  However,  formal  changes  to  this  draft  joint  decision  not 
affecting its substance may be agreed without requiring the annex to the present Decision to 
be amended. 

Done at Brussels, 

For the Council 
The Presiden 

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ANNEX 

DECISION No …/2010 OF THE JOINT CARIFORUM-EC COUNCIL 

set up by the Economic Partnership Agreement between the CARIFORUM States, of the 
one part, and the European Community and its Member States, of the other part 

amending Annex IV to the Agreement for the purpose of incorporating the 
commitments of the Commonwealth of the Bahamas 

THE JOINT CARIFORUM-EC COUNCIL, 

Having regard to the Economic Partnership Agreement between the CARIFORUM States, of 
the  one  part,  and  the  European  Community  and  its  Member  States,  of  the  other  part 
(hereinafter referred to as the “Agreement”), signed in Bridgetown, Barbados on 15 October 
2008, and in particular Article 229 paragraphs one and four, second sentence thereof, 

Whereas: 

1) 

2) 

3) 

4) 

The Agreement was signed on 15 October 2008, and is provisionally applied as of 29 
December 2008. 

Article  63  of  the  Agreement  contemplates  that  the  negotiation  of  the  schedule  of 
commitments  in  services  and  investment  for  the  Commonwealth  of  the  Bahamas 
would be finalized within six months of the date of the signature of the Agreement. 

Such  negotiations  were  satisfactorily  concluded  on  25  January  2010,  and  it  has  been 
agreed that the schedule of commitments of the Bahamas should be incorporated within 
the Agreement by means of a Decision of the Joint CARIFORUM-EC Council. 

It is therefore appropriate to amend Annexes IV E and F of the Agreement to introduce 
the commitments in services and investment for the Commonwealth of the Bahamas, 
and  to  provide  for  their  provisional  application  until  the  entry  into  force  of  the 
Agreement, 

HAS DECIDED AS FOLLOWS: 

Article 1 

Annex IV E and Annex IV F of the Agreement are hereby amended by adding respectively 
"Appendix IV E the Bahamas" and "Appendix IV F the Bahamas" as set out in Annex I and II 
to this Decision respectively.  

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1. 

The reference to the Bahamas in paragraph 3 of Annex IV E, and in paragraph 6 of 
Annex IV F are deleted:  

Article 2 

a. 

Paragraph 3 of Annex IV E is replaced by:  

"This  Schedule  includes  all  CARIFORUM  States,  except  Haiti,  unless  otherwise 
stated. Subject to reservations, limitations or exclusions applying to all sectors, sub-
sectors of A, B, C and D that are not listed are open in all Signatory CARIFORUM 
States  without  limitations  on  market  access  or  national  treatment.  CARIFORUM 
States  that  are  not  listed  in  sub-sectors  included  in  this  list  are,  subject  to 
reservations, limitations or exclusions otherwise applying to all sectors, open without 
limitations  on  market  access  or  national  treatment  in  these  sub-sectors.  All 
reservations,  limitations  or  exclusions  included  in  this  Annex  applicable  to  the 
CARIFORUM  States  and  indicated  as  "CAF"  therein  are  not  applicable  to  the 
Bahamas." 

b. 

Paragraph 6 of Annex IV F is replaced by:  

"This  Schedule  includes  all  CARIFORUM  States,  except  Haiti,  unless  otherwise 
stated." 

All other provisions contained in paragraph 1 to 9 of Annex IV E, and in paragraph 1 
to 11 of Annex IV F are applicable to the Bahamas.  

This Decision shall enter into force on ...  

Article 3 

From  its  entry  into  force  and  until  the  entry  into  force  of  the  Agreement,  the 
schedules  "Appendix  IV  E  the  Bahamas"  and  "Appendix  IV  F  the  Bahamas"  shall 
also become provisionally applicable.  

2. 

1. 

2. 

Done at … 2010 

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ANNEX I 

Appendix IV E The Bahamas 

Sector or sub-sector 

Description of reservations, limitations or exclusions 

ALL SECTORS 

Exchange Control 

1. Residents need to obtain approval by the Central Bank to operate 
foreign currency or Bahamian dollar accounts and to acquire foreign 
currency assets, pursuant the Exchange Control Regulations Act and 
Finance Regulations. Non-residents have a right to operate foreign 
currency accounts.  

2. Resident juridical persons may receive approval to operate foreign 
currency accounts to cover expenses directly incurred in foreign 
currency. Both non-resident juridical persons and foreign nationals 
may be approved to operate Bahamian dollar accounts to satisfy 
recurring expenses in Bahamian dollars.  

3. All applications for the above-mentioned exchange control approvals 
must satisfy the requirements of The Bahamas’ National Investment 
Policy in terms of the sectors and activities in which foreign 
investments are permitted.  

4. For the purposes of exchange controls, a “resident” is either a citizen 
of The Bahamas, or a licensed juridical person, either foreign or 
domestic-owned, that is permitted to engage in transactions with other 
residents. A non-resident is either a foreign national or an juridical 
person that is not permitted to do business with residents, irrespective 
of whether a physical presence in The Bahamas is maintained. 

Land holding 

Foreign persons and juridical persons wishing to acquire real estate for 
commercial purposes must apply for a permit from the Investments 
Board. Foreign persons or juridical persons intending to acquire more 
than two contiguous acres of land for any purpose must obtain a permit 
from the Investments Board.  

Investment 

The Bahamas prohibits the exploration, exploitation and processing of 
radioactive materials, the recycling of nuclear fuel, the generation of 
nuclear energy, the transportation and storage of nuclear waste, the use 
and processing of nuclear fuel and regulation of its application for 
other purposes, as well as the production of heavy water. 

Investments by foreign persons, with a minimum capitalization of 
US$250,000, are approved by the National Economic Council (NEC) 

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Sector or sub-sector 

Description of reservations, limitations or exclusions 

under terms of the National Investment Policy (NIP) on the basis of an 
economic needs and benefits test. Major criteria under the NIP include 
employment generation, skills development, regional development, 
local needs and environmental impacts. Joint ventures between 
Bahamian and foreign investors are also subject to NEC approval 
under the NIP on the basis of the economic needs and benefits tests 
outlined above. 

A. AGRICULTURE, 
HUNTING, FORESTRY 

Agriculture and hunting 

None 

(ISIC rev 3.1: 01)  

Forestry and logging 

None 

(ISIC rev 3.1: 02) 

B. FISHING  

(ISIC rev.3.1: 05)  

All vessels engaged in fishing within the Exclusive Economic Zone must 
be solely owned by Bahamian natural or juridical persons as indicated in 
the Fisheries Resource (Jurisdiction and Conservation) Act. 

C. MINING AND 
QUARRYING 

Certain activities in small scale mining may be reserved to Bahamian 
nationals. 

The Bahamas reserves the right to grant approval for private or public 
exploration, mining, processing, importation and exportation of 
minerals. 

The Bahamas reserves the rights in the exclusive economic zone, 
continental plateau and the seabed for prospecting and exploration. 

Mining of coal and 
lignite; extraction of peat 

None 

(ISIC rev 3.1: 10) 

Extraction of crude 
petroleum and natural 
gas  

None 

(ISIC rev 3.1: 11) 

Mining of metal ores 

None 

(ISIC rev 3.1: 13) 

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Sector or sub-sector 

Description of reservations, limitations or exclusions 

Other mining and 
quarrying 

(ISIC rev 3.1: 14) 

None 

D. MANUFACTURING 

Manufacture of food 
products and beverages 

None 

(ISIC rev 3.1: 15) 

Manufacture of wood 
and of products of wood 
and cork, except 
furniture; manufacture 
of articles of straw and 
plaiting materials 

(ISIC rev 3.1: 20) 

The Bahamas reserves the right to adopt or maintain restrictions on small 
scale investment in this sector. 

Manufacture of refined 
petroleum products 

None 

(ISIC rev 3.1: 232) 

Manufacture of 
chemicals and chemical 
products other than 
explosives 

(ISIC rev 3.1: 24 
excluding manufacture of 
explosives) 

Manufacture of 
machinery and 
equipment 

(ISIC rev 3.1:29)  

Manufacture of 
furniture; 
manufacturing n.e.c. 

(ISIC rev 3.1: 36) 

None 

The Bahamas reserves the right to adopt or maintain measures on 
investment in the production of weapons and ammunition. 

The Bahamas reserves the right to adopt or maintain restrictions on small 
scale investments in this schedule. 

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Sector or sub-sector 

Description of reservations, limitations or exclusions 

E. PRODUCTION; 
TRANSMISSION AND 
DISTRIBUTION ON 
OWN ACCOUNT OF 
ELECTRICITY, GAS, 
STEAM AND HOT 
WATER 

(Excluding Nuclear Based 
Electricity Generation) 

Production of electricity; 
transmission and 
distribution of electricity 
on own account 

(part of ISIC rev 3.1: 
4010)2  

Manufacture of gas; 
distribution of gaseous 
fuels through mains on 
own account 

(part of ISIC rev 3.1: 
4020)3 

Unbound 

Unbound 

Production of steam and 
hot water; distribution of 
steam and hot water on 
own account 

Unbound 

(part of ISIC rev 3.1: 
4030)4 

2 

3 

4 

Does  not  include  operation  of  electricity  transmission  and  distribution  systems  on  a  fee  or  contract 
basis, which are to be found in ENERGY SERVICES. 
Does  not  include  transportation  of  natural  gas  and  gaseous  fuels  via  pipelines,  transmission  and 
distribution of gas on a fee or contract basis and sales of natural gas and gaseous fuels, which are to be 
found in ENERGY SERVICES. 
Does  not  include  transmission  and  distribution  of  steam  and  hot  water  on  a  fee  or  contract  basis  and 
sales of steam and hot water, which are to be found in ENERGY SERVICES. 

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ANNEX II 

Appendix IV F The Bahamas 

SECTOR OR SUB-
SECTOR 

LIMITATIONS ON 
MARKET ACCESS 

LIMITATIONS ON 
NATIONAL TREATMENT 

I. HORIZONTAL 
COMMITMENTS. 

All modes: Subsidies, fiscal 
incentives, scholarships, grants 
and other forms of domestic 
financial support may be 
restricted to Bahamian Nationals 
or Bahamian-owned enterprises.  

All modes: Exchange Control  

1. Residents need to obtain approval 
by the Central Bank to operate 
foreign currency or Bahamian 
dollar accounts and to acquire 
foreign currency assets, pursuant 
the Exchange Control Regulations 
Act and Finance Regulations. Non-
residents have a right to operate 
foreign currency accounts.  

2. Resident juridical persons may 
receive approval to operate foreign 
currency accounts to cover 
expenses directly incurred in 
foreign currency. Both non-resident 
juridical persons and foreign 
nationals may be approved to 
operate Bahamian dollar accounts 
to satisfy recurring expenses in 
Bahamian dollars.  

3. All applications for the above-
mentioned exchange control 
approvals must satisfy the 
requirements of The Bahamas’ 
National Investment Policy in terms 
of the sectors and activities in 
which foreign investments are 
permitted.  

4. For the purposes of exchange 
controls, a “resident” is either a 
citizen of The Bahamas, or a 
licensed juridical person, either 
foreign or domestic-owned, that 
is permitted to engage in 
transactions with other residents. 
A non-resident is either a foreign 
national or a juridical person that 
is not permitted to do business 

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SECTOR OR SUB-
SECTOR 

LIMITATIONS ON 
MARKET ACCESS 

LIMITATIONS ON 
NATIONAL TREATMENT 

Mode 3: Bahamian nationals and 
companies wholly owned by 
Bahamian nationals are exempt 
from real estate taxes on real 
estate in the Family Islands 

Mode 3: Service suppliers that 
establish a commercial presence 
to provide a service on a one 
time basis only, after which the 
commercial presence will be 
dissolved are required to pay a 
license fee of 1% of the contract 
value at the beginning of the 
contract. 

with residents, irrespective of 
whether a physical presence in 
The Bahamas is maintained. 

Mode 3: Investments by foreign 
persons of a value greater than 
US$250,000, are subject to 
approval by the National 
Economic Council (NEC) under 
terms of the National Investment 
Policy (NIP) on the basis of an 
economic needs and benefits 
test. Major criteria under the NIP 
include employment generation, 
skills development, regional 
development, local needs and 
environmental impacts. Joint 
ventures between Bahamian and 
foreign investors are also subject 
to NEC approval under the NIP 
on the basis of the economic 
needs and benefits tests outlined 
above. 

Mode 3: Foreign persons and 
juridical persons wishing to 
acquire real estate for 
commercial purposes must apply 
for a permit from the 
Investments Board. Foreign 
persons or juridical persons 
intending to acquire more than 
five contiguous acres of land for 
any purpose must obtain a 
permit from the Investments 
Board.  

Mode 4: Unbound except for key 
personnel (business visitors, 
managers and specialists and 
graduate trainees) not available 
locally. Under the Immigration 
Act and Regulations, a work 
permit must be obtained prior to 
entry into The Bahamas by 
foreign nationals intending to 
take up employment. Labour 
market tests are applied in 

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SECTOR OR SUB-
SECTOR 

LIMITATIONS ON 
MARKET ACCESS 

LIMITATIONS ON 
NATIONAL TREATMENT 

determining whether such 
foreign workers are to be 
admitted.  

II. SECTOR-SPECIFIC 
COMMITMENTS 

 1. BUSINESS SERVICES 

A. PROFESSIONAL 
SERVICES 

a) Legal services 

Legal documentation and 
certification (CPC 86130) 

Consulting in Home Law of 
the Service Provider (CPC 
86119) 

1) None except that legal 
services in respect of domestic 
law are subject to a nationality 
condition 

2) None except that legal 
services in respect of domestic 
law are subject to a nationality 
condition.  

1) None  

2) None 

3) Unbound 

3) Unbound 

4) Unbound except as indicated 
in horizontal commitments. 

4) Unbound except as indicated 
in horizontal commitments.  

1) None except that legal 
services in respect of domestic 
law are subject to a nationality 
condition 

2) None except that legal 
services in respect of domestic 
law are subject to a nationality 
condition  

1) None 

2) None 

3) Unbound 

3) Unbound 

4) Unbound except as indicated 

4) Unbound except as indicated 

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SECTOR OR SUB-
SECTOR 

LIMITATIONS ON 
MARKET ACCESS 

LIMITATIONS ON 
NATIONAL TREATMENT 

in horizontal commitments.  

in horizontal commitments. 

b) Accounting, Auditing 
and Book-keeping Services  

Accounting and Auditing 
Services (CPC 8621) 

1) Unbound 

2) None  

3) None except that Bahamian 
licensed accountants must be 
used in respect of accounting 
and auditing services provided to 
Bahamian juridical persons.  

1) None 

2) Unbound 

3) None  

4) Unbound except as indicated 
in horizontal commitments. 

4) Unbound except as indicated 
in horizontal commitments. 

c) Taxation (CPC 863) 

1) None 

2) None 

3) None except that Bahamian 
licensed specialists must be used 
in respect of tax services 
provided to Bahamian juridical 
persons.  

1) None 

2) None 

3) None  

4) Unbound except as indicated 
in horizontal commitments. 

4) Unbound except as indicated 
in horizontal commitments. 

1) None 

2) None 

3) Unbound 

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in horizontal commitments.  

4) Unbound except as indicated 
in horizontal commitments. 

d) Architectural services 
(CPC 8671) 

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SECTOR OR SUB-
SECTOR 

LIMITATIONS ON 
MARKET ACCESS 

LIMITATIONS ON 
NATIONAL TREATMENT 

e) Engineering services 
(CPC 86724, 86725) 

f) Integrated engineering 
services (CPC 8673) 

g) Urban Planning and 
Landscape 
Architectural Services  

Landscape Architectural 
Services (CPC 86742) 

h) Medical and Dental 
Services (CPC 9312) 

1) None 

2) None 

3) Unbound 

1) None 

2) None 

3) None  

4) Unbound except as indicated 
in horizontal commitments. 

4) Unbound except as indicated 
in horizontal commitments. 

1) None 

2) None 

3) Unbound 

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in horizontal commitments. 

4) Unbound except as indicated 
in horizontal commitments. 

1) None 

2) None 

3) Unbound 

1) None 

2) None 

3) None.  

4) Unbound except as indicated 
in horizontal commitments. 

4) Unbound except as indicated 
in horizontal commitments. 

1) None  

2) None  

1) None  

2) None  

3) Unbound. 

3) Unbound  

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SECTOR OR SUB-
SECTOR 

LIMITATIONS ON 
MARKET ACCESS 

LIMITATIONS ON 
NATIONAL TREATMENT 

4) Unbound except as indicated 
in horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

Neurosurgery 

 Epidemiological services 
(CPC 931**) 

CATSCAN Services (CPC 
931**) 

i) Veterinary Services 
(CPC932) 

1) Unbound  

2) None  

3) Unbound  

1) None  

2) None  

3) Unbound  

4) Unbound except as indicated 
in horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) Unbound  

2) None  

3) Unbound 

1) None  

2) None  

3) Unbound  

4) Unbound except as indicated 
in horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) Unbound  

2) None  

3) Unbound  

1) None  

2) None  

3) Unbound  

4) Unbound except as indicated 
in horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

1) None 

2) None 

3) Unbound 

3) Unbound  

4) Unbound except as indicated 

4) Unbound except as indicated 

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SECTOR OR SUB-
SECTOR 

LIMITATIONS ON 
MARKET ACCESS 

LIMITATIONS ON 
NATIONAL TREATMENT 

in the horizontal commitments. 

in the horizontal commitments. 

j) Services provided by 
midwives, nurses, 
physiotherapists and para-
medical personnel 
(CPC 93191) 

B. COMPUTER AND 
RELATED SERVICES 

a) Consultancy services 
related to the installation of 
computer hardware (CPC 
841) 

b) Software 
Implementation Services 
(CPC 842) 

1) None 

2) None 

1) None 

2) None 

3) Unbound 

3) Unbound  

4) Unbound except as indicated 
in horizontal commitments. 

4) Unbound except as indicated 
in horizontal commitments. 

1) None 

2) None 

1) None 

2) None 

3) Unbound for services related 
to residential computer 
installations.  

3) Unbound for services related 
to residential computer 
installations.  

None for commercial businesses 

None for commercial businesses 

4) Unbound except as indicated 
in the horizontal commitments. 
Subject to economic needs test 
for CSS 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

1) None 

2) None 

3) Unbound for services related 

3) Unbound for services related 

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SECTOR OR SUB-
SECTOR 

LIMITATIONS ON 
MARKET ACCESS 

to residential computer 
installations.  

LIMITATIONS ON 
NATIONAL TREATMENT 

to residential computer 
installations.  

For computer installations in 
business establishments, joint 
ventures with Bahamian firms 
are permitted. None after 2013. 

4) None 

4) None 

1) None 

2) None 

3) None  

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in horizontal commitments. 
Subject to economic needs test 
for CSS. 

4) Unbound except as indicated 
in horizontal commitments. 

1) None 

2) None 

3) None  

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 
Subject to economic needs test 
for CSS. 

4) Unbound except as indicated 
in the horizontal commitments. 

c) Data Processing Services 
(CPC 843) 

d) Data Base Services (CPC 
844) 

e) Other (CPC849)  

(Data preparation services 
and Other Computer 
Services n.e.c.) 

1) None 

2) None 

1) None 

2) None 

3) Unbound for home office 

3) Unbound for home office 

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SECTOR OR SUB-
SECTOR 

LIMITATIONS ON 
MARKET ACCESS 

LIMITATIONS ON 
NATIONAL TREATMENT 

equipment.  

equipment.  

For commercial equipment, 
subject to an economic needs 
test based on type of service. 

4) Unbound except as indicated 
in the horizontal commitments. 
Subject to economic needs test 
for CSS. 

4) Unbound except as indicated 
in the horizontal commitments. 

C. RESEARCH AND 
DEVELOPMENT 
SERVICES 

a) R&D Services in Natural 
Sciences and engineering 
(CPC 851) 

b) R&D in Social Sciences 
and Humanities (CPC 852) 

1) None 

2) None 

3) None  

1) None 

2) None 

3) None  

4) Unbound except as indicated 
in the horizontal commitments. 
Subject to economic needs test 
for CSS and IP 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

3) None  

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

c) Inter-disciplinary R&D 
Services (CPC 853) 

1) None 

2) None 

1) None 

2) None 

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SECTOR OR SUB-
SECTOR 

LIMITATIONS ON 
MARKET ACCESS 

LIMITATIONS ON 
NATIONAL TREATMENT 

3) None  

3) None 

4) Unbound except as indicated 
in the horizontal commitments.  

4) Unbound except as indicated 
in the horizontal commitments. 

E. RENTAL/LEASING 
SERVICES WITHOUT 
OPERATORS 

b) Relating to aircraft (CPC 
83104) 

c) Relating to other 
transport equipment (CPC 
83102) 

d) Relating to other 
machinery and equipment 
(CPC 83106, 83107, 83108, 
83109) 

1) None 

2) None 

3) None 

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments.  

4) Unbound except as indicated 
in the horizontal commitments.  

1) None 

2) None 

1) None 

2) None 

3) Unbound 

3) Unbound 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments.  

1) None 

2) None 

3) None  

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

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SECTOR OR SUB-
SECTOR 

LIMITATIONS ON 
MARKET ACCESS 

LIMITATIONS ON 
NATIONAL TREATMENT 

F. OTHER BUSINESS 
SERVICES 

a) Advertising services 
(CPC 871) 

b) Market research and 
public opinion polling 
services (CPC 864) 

c) Management consulting 
services (CPC 865) 

d) Services related to 
management consulting 
(CPC 866) 

1) None 

2) None 

3) Unbound 

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

3) Unbound 

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

3) None  

1) None 

2) None 

3) None  

4) Unbound except as indicated 
in the horizontal commitments.  

4) Unbound except as indicated 
in horizontal commitments. 

1) None 

2) None 

1) None 

2) None 

EN 

21 

   EN 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SECTOR OR SUB-
SECTOR 

LIMITATIONS ON 
MARKET ACCESS 

LIMITATIONS ON 
NATIONAL TREATMENT 

3) None  

3) None  

4) Unbound except as indicated 
in the horizontal commitments.  

4) Unbound except as indicated 
in the horizontal commitments. 

e) Technical testing and 
analysis services (CPC 
8676) 

f) Services incidental to 
agriculture, hunting and 
forestry (CPC 881) 

g) Services incidental to 
fishing (CPC 882) 

1) None 

2) None 

3) None  

1) None 

2) None 

3) None  

4) Unbound except as indicated 
n the horizontal commitments.  

4) Unbound except as indicated 
n the horizontal commitments.  

1) None 

2) None 

3) None  

1) None 

2) None 

3) None  

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

1) None 

2) None 

3) Unbound 

3) Unbound 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

h) Services incidental to 
mining (CPC 883, 5115) 

1) None 

1) None 

EN 

22 

   EN 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SECTOR OR SUB-
SECTOR 

LIMITATIONS ON 
MARKET ACCESS 

LIMITATIONS ON 
NATIONAL TREATMENT 

2) None 

3) None  

2) None 

3) None  

4) Unbound 

4) Unbound 

i) Services incidental to 
manufacturing 
(CPC 8841, 8842, 8843, 
8844 and 8846) 

k) Placement and supply 
services of personnel  

(CPC 872) 

l) Investigation and 
Security (CPC 873) 

m) Related scientific and 
technical consulting 

1) None 

2) None 

3) None  

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

1) None 

2) None 

3) Unbound  

3) Unbound 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

1) None 

2) None 

3) Unbound 

3) Unbound 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

EN 

23 

   EN 

 
 
 
 
 
 
 
 
 
 
 
 
 
SECTOR OR SUB-
SECTOR 

services (CPC 86753) 

LIMITATIONS ON 
MARKET ACCESS 

LIMITATIONS ON 
NATIONAL TREATMENT 

1) None 

2) None 

3) None  

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

n) Maintenance and repair 
of equipment  

(not including maritime 
vessels, aircraft or other 
transport equipment) 
(CPC 633 except for CPC 
63302, 8861-8866) 

o) Building cleaning 
services (CPC 874) 

1) None 

2) None 

1) None 

2) None 

3) Unbound except for joint 
ventures  

3) Unbound except for joint 
ventures  

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1)None 

2) None  

3) Unbound 

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in horizontal commitments. 

4) Unbound except as indicated 
in horizontal commitments. 

p) Photographic Services 
(CPC 87501-87507) 

1) None 

2) None 

1) None 

2) None 

EN 

24 

   EN 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
SECTOR OR SUB-
SECTOR 

LIMITATIONS ON 
MARKET ACCESS 

LIMITATIONS ON 
NATIONAL TREATMENT 

3) Unbound 

3) Unbound 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

q) Packaging services (CPC 
876) 

r) Publishing and printing 
on a fee or contract basis 
(CPC 88442) 

s) Convention Services 
(CPC 87909**) 

1) None 

2) None 

3) None 

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

1) None 

2) None 

3) Unbound 

3) Unbound  

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

3) None  

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

t) Other (CPC 87905) 

1) None 

2) None 

1) None 

2) None 

EN 

25 

   EN 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SECTOR OR SUB-
SECTOR 

LIMITATIONS ON 
MARKET ACCESS 

LIMITATIONS ON 
NATIONAL TREATMENT 

3) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

3) None  

4) Unbound except as indicated 
in the horizontal commitments. 
Subject to economic needs test 
for CSS 

1) None 

2) None 

3) None 

4) None 

1) None 

2) None 

1) None 

2) None 

3) Unbound. None after 2013  

3) Unbound. None after 2013 

4) Unbound except as indicated 
in the horizontal commitments.  

4) Unbound except as indicated 
in the horizontal commitments. 

2. COMMUNICATION 
SERVICES 

B. Courier Services (CPC 
7512) 

C. 
TELECOMMUNICATIO
NS SERVICES (Public and 
non-public use) 

a) Voice telephone services 
(CPC 7521)  

b)Packet-switched data 
transmission services (CPC 
7523) 

c) Circuit-switched data 
transmission services (CPC 
7523**) 

d) Telex Services (CPC 
7523**) 

e) Telegraph Services (CPC 
7522) 

f) Facsimile Services (CPC 
7521, 7529) 

g) Private leased circuits 

EN 

26 

   EN 

 
 
 
 
 
 
 
 
 
 
 
LIMITATIONS ON 
MARKET ACCESS 

LIMITATIONS ON 
NATIONAL TREATMENT 

SECTOR OR SUB-
SECTOR 

(CPC 7522, 7523) 

h) Electronic mail (CPC 
7523) 

i) Voice mail (CPC 7523) 

j) Online information and 
data base retrieval (CPC 
7523) 

k) Electronic Data 
Interchange (EDI)(CPC 
7523) 

l) Enhanced/value added 
facsimile services including 
store and forward, store and 
retrieve 

m) Code and protocol 
conversion 

n) Online information and/or 
data processing (including 
transaction processing) (CPC 
843) 

o) Other: 

Internet and Internet access 
(except voice) (CPC 75260) 

Personal communication 
services (except mobile data 
services, paging services and 
trunked radio systems) 

Telecommunication 
equipment sales, rental, 
maintenance, connection, 
repair and consulting 
services (CPC 75410, 75450) 

Trunked radio system 
services 

Paging (CPC 75291) 

EN 

27 

   EN 

 
SECTOR OR SUB-
SECTOR 

LIMITATIONS ON 
MARKET ACCESS 

LIMITATIONS ON 
NATIONAL TREATMENT 

Teleconferencing services 
(CPC 75292) 

International voice, data and 
video transmission services 
supplied to firm involved in 
information processing 
within free zones 

Video transmission services 
(satellite based) (CPC 
75241**) 

Connection and 
interconnection services 
(CPC 7543 and 7525) 

3. CONSTRUCTION AND 
RELATED 
ENGINEERING 
SERVICES 

A. General construction 
work for buildings 
(CPC 5126**) Hotels and 
resorts in excess of 100 
rooms, restaurants and 
similar buildings 

B. General construction 
work for civil engineering 
(CPC 5131, 5132, 5133, 
51340, 51350, 51360, 51371, 
51372, 51390) 

1) None 

2) None 

3) Unbound except for specialty 
construction 

1) None 

2) None 

3) None  

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

1) None 

2) None 

EN 

28 

   EN 

 
 
 
 
 
 
 
 
 
SECTOR OR SUB-
SECTOR 

LIMITATIONS ON 
MARKET ACCESS 

LIMITATIONS ON 
NATIONAL TREATMENT 

3) Unbound except for specialty 
construction 

3) None  

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

C. Installation and 
Assembly Work (CPC 514, 
516) 

D. Building Completion 
and Finishing Work (CPC 
517) 

E. Other  
(CPC 511, 515, 518) 

4. DISTRIBUTION 
SERVICES 

A. Commission Agents' 

1) None 

2) None 

3) Unbound 

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

3) Unbound 

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

3) Unbound 

1) None 

2) None 

3) None  

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

EN 

29 

   EN 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
SECTOR OR SUB-
SECTOR 

Services (CPC 621) 

LIMITATIONS ON 
MARKET ACCESS 

LIMITATIONS ON 
NATIONAL TREATMENT 

1) None 

2) None 

3) Unbound 

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 
License required for CSS and IP 

1) None 

2) None 

3) Unbound 

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

3) Unbound 

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

B. Wholesale Trade 
Services (CPC 622) 

C. Retailing Services  
(CPC 631, 632, 6111, 6113) 

Sale, maintenance and 
repair services of motor 
cycles and snowmobiles; 
sales of related parts and 
accessories (CPC 612) 
(Excluding maintenance and 
repair services of 
motorcycles CPC 61220) 

1) None 

1) None 

EN 

30 

   EN 

 
 
 
 
 
 
 
 
 
 
 
 
SECTOR OR SUB-
SECTOR 

LIMITATIONS ON 
MARKET ACCESS 

LIMITATIONS ON 
NATIONAL TREATMENT 

2) None 

3) Unbound 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

3) Unbound 

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

3) None  

1) None 

2) None 

3) None  

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

Retail sales of motor fuel 
(CPC 61300) 

D. Franchising (CPC 8929) 

5. EDUCATIONAL 
SERVICES 

a) Primary education 
services (CPC 921)  

(except non-profit, public 
and publicly funded juridical 
persons) 

1) None 

2) None 

1) None 

2) None 

3) Unbound 

3) Unbound 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

EN 

31 

   EN 

 
 
 
 
 
 
 
 
 
 
 
 
SECTOR OR SUB-
SECTOR 

LIMITATIONS ON 
MARKET ACCESS 

LIMITATIONS ON 
NATIONAL TREATMENT 

b) Secondary education 
services (CPC 922)  

(except non-profit, public 
and publicly funded juridical 
persons) 

c) Higher education 
services (CPC 923)  

(except non-profit, public 
and publicly funded juridical 
persons) 

d) Adult education  

(CPC 924) (except non-
profit, public and publicly 
funded juridical persons) 

e) Other education services 

1) None 

2) None 

1) None 

2) None 

3) Unbound 

3) Unbound 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

3) None 

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

3) None 

1) None 

2) None 

3) None  

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

EN 

32 

   EN 

 
 
 
 
 
 
 
 
 
 
 
 
SECTOR OR SUB-
SECTOR 

(CPC 929)  

LIMITATIONS ON 
MARKET ACCESS 

LIMITATIONS ON 
NATIONAL TREATMENT 

1) None 

2) None 

3) None 

1) None 

2) None 

3) None  

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

6. ENVIRONMENTAL 
SERVICES 

A. Sewage Services (CPC 
9401) 

Waste and Waste Water 
Management (CPC 9401**) 

B. Refuse disposal services 
(CPC 9402) 

1) None 

2) None 

3) None  

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) Unbound 

2) None 

3) None  

1) Unbound 

2) Unbound 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

3) None 

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

EN 

33 

   EN 

 
 
 
 
 
 
 
 
 
 
 
 
 
SECTOR OR SUB-
SECTOR 

LIMITATIONS ON 
MARKET ACCESS 

LIMITATIONS ON 
NATIONAL TREATMENT 

Non-Hazardous waste 
collection services (CPC 
9402**) 

Hazardous waste treatment 
and disposal services (CPC 
9402**) 

D. Other 

Cleaning service of exhaust 
gas (CPC 94040) 

1) None 

2) None 

3) None  

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

3) None  

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

3) None  

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 
Subject to an economic needs 
test for CSS 

4) Unbound except as indicated 
in the horizontal commitments. 

Noise Abatement Services 
(CPC 94050) 

1) Unbound 

2) None 

1) Unbound 

2) None 

EN 

34 

   EN 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SECTOR OR SUB-
SECTOR 

LIMITATIONS ON 
MARKET ACCESS 

LIMITATIONS ON 
NATIONAL TREATMENT 

3) None  

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

Remediation and clean-up 
of soil and waters (CPC 
94060**) 

1) None 

2) None 

3) None  

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

Closed loop pollution 
control systems for 
factories  
(CPC 94090**) 

Recycling services (CPC 
94090**) 

7. FINANCIAL 
SERVICES 

A. All Insurance and 

1) Unbound 

2) None 

3) None  

1) Unbound 

2) Unbound 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) Unbound 

2) None 

3) None  

1) Unbound 

2) Unbound 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

EN 

35 

   EN 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
SECTOR OR SUB-
SECTOR 

LIMITATIONS ON 
MARKET ACCESS 

LIMITATIONS ON 
NATIONAL TREATMENT 

Insurance Related Services 

a) Life , accident and 
health insurance services 
(CPC 8121) 

b) Non-life insurance 
Services (CPC 8129) 

1) Unbound 

2) None 

3) None 

1) None 

2) None 

3) Unbound 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) Unbound, except the insurance 
of risks relating to: 

1) None 

(i) maritime shipping and 
commercial aviation and space 
launching and freight (including 
satellites), with such insurance to 
cover any or all of the following: 
the goods being transported, the 
vehicle transporting the goods and 
any liability arising therefrom; and 

(ii) goods in international transit. 

2) None 

3) None 

2) None 

3) Unbound 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

c) Reinsurance and 
retrocession (CPC 81299**) 

1) None 

2) None 

3) None 

1) None 

2) None 

3) None 

EN 

36 

   EN 

 
 
 
 
 
 
 
 
 
 
 
SECTOR OR SUB-
SECTOR 

LIMITATIONS ON 
MARKET ACCESS 

LIMITATIONS ON 
NATIONAL TREATMENT 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

d) Services Auxiliary to 
Insurance (brokering and 
agency services) (CPC 8140 
except actuarial services) 

Actuarial Services (CPC 
81404) 

Consultancy, actuarial, risk 
assessment and claim 
settlement services (CPC 
814**) 

B. Banking and other 
Financial Services 
(Excluding insurance) 

a) Acceptance of deposits 

1) Unbound 

2) None 

3) Unbound 

1) Unbound 

2) None 

3) Unbound 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

3) None 

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

3) None 

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments.  

EN 

37 

   EN 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
SECTOR OR SUB-
SECTOR 

LIMITATIONS ON 
MARKET ACCESS 

LIMITATIONS ON 
NATIONAL TREATMENT 

and other repayable funds 
from the public (CPC 
81115-81119) 

1) Unbound 

2) Unbound 

3) None.  

1) Unbound 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

b) Lending of all types 
including inter alia 
consumer credit, mortgage 
credit, factoring and 
financing of commercial 
transactions (CPC 8113) 

c) Financial leasing (CPC 
8112) 

d) All payment and money 
transmission services 
(money transmission services 
only) (CPC 81139**) 

1) Unbound 

2) Unbound 

3) None.  

1) Unbound 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) Unbound 

2) Unbound 

3) None 

1) Unbound 

2) Unbound 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

EN 

38 

   EN 

 
 
 
 
 
 
 
 
 
 
 
SECTOR OR SUB-
SECTOR 

LIMITATIONS ON 
MARKET ACCESS 

LIMITATIONS ON 
NATIONAL TREATMENT 

1) Unbound 

2) None 

3) Unbound except subsidiaries 
of authorized foreign exchange 
dealers.  

1) Unbound 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) Unbound 

2) None 

1) Unbound 

2) None 

3) Unbound except joint 
ventures with Bahamian firms. 

3) Unbound except joint 
ventures with Bahamian firms  

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) Unbound  

2) None 

3) Unbound for Bahamian 
dollars. None for foreign 
currency 

1) Unbound 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

e) Guarantees and 
commitments (CPC 
81199**) 

f) Trading for own account or 
for account of customers, 
whether on an exchange, in 
an over-the-counter market 
or otherwise (CPC 81339**, 
81333, 81321**)  

h) Money broking (CPC 
81339**) 

EN 

39 

   EN 

 
 
 
 
 
 
 
 
 
 
 
SECTOR OR SUB-
SECTOR 

LIMITATIONS ON 
MARKET ACCESS 

LIMITATIONS ON 
NATIONAL TREATMENT 

1) None 

2) None 

3) None  

1) None 

2) None 

3) None  

4) Unbound except as indicated 
in horizontal commitments. 

4) Unbound except as indicated 
in horizontal commitments. 

i) Asset management, such 
as cash or portfolio 
management, all forms of 
collective investment 
management (CPC 81323)  

k) Advisory and other 
auxiliary financial services 
on all the activities listed in 
Art. 103. 2(a) B, including 
credit reference and 
analysis, investment and 
portfolio research and 
advice, advice on 
acquisitions and on 
corporate restructuring  

l) Provision and transfer of 
financial information and 

1) None 

2) None 

3) Unbound on Bahamian dollar 
assets. None for foreign currency 

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in horizontal commitments. 

4) Unbound except as indicated 
in horizontal commitments. 

1) None 

2) None 

3) Unbound except joint 
ventures with Bahamian firms 

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

EN 

40 

   EN 

 
 
 
 
 
 
 
 
 
 
SECTOR OR SUB-
SECTOR 

LIMITATIONS ON 
MARKET ACCESS 

LIMITATIONS ON 
NATIONAL TREATMENT 

financial data processing 
and related software by 
providers of other financial 
services (CPC 8131) 

C. Other 

Registration of Offshore 
Companies and Trust (not 
including insurance 
companies and banks) to do 
Offshore Business. 

8. HEALTH RELATED 
AND SOCIAL SERVICES 
(Other than those listed 
under 1. A h-j) 

A. Hospital Services (CPC 
93110) 

1) None 

2) None 

3) Unbound  

1) None 

2) None 

3) None  

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) Unbound 

2) None 

1) Unbound 

2) None 

3) Unbound except joint 
ventures with Bahamian firms 

3) Unbound except joint 
ventures with Bahamian firms 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

3) Unbound except joint 
ventures with Bahamian firms 

1) None 

2) None 

3) None 

4) Unbound except as indicated 

4) Unbound except as indicated 

EN 

41 

   EN 

 
 
 
 
 
 
 
 
 
 
 
 
SECTOR OR SUB-
SECTOR 

LIMITATIONS ON 
MARKET ACCESS 

LIMITATIONS ON 
NATIONAL TREATMENT 

in the horizontal commitments. 

in the horizontal commitments. 

B. Other human health 
services 
(CPC 9319 other than 
93191and 93193) 

Residential health facilities 
services other than hospital 
services (CPC 93193) 

C. Social Services (CPC 
93311) 

9. TOURISM AND 
TRAVEL-RELATED 
SERVICES 

A. Hotels and restaurants 
(incl. Catering)  

1) None 

2) None 

3) Unbound  

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

3) Unbound except joint 
ventures with Bahamian firms 

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

1) None 

2) None 

3) Unbound  

3) Unbound 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

EN 

42 

   EN 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
SECTOR OR SUB-
SECTOR 

LIMITATIONS ON 
MARKET ACCESS 

LIMITATIONS ON 
NATIONAL TREATMENT 

Hotels (CPC 641) 

Letting services of 
furnished accommodation  
(CPC 6419) 

Meal serving with full 
restaurant service or in 
self-service facilities; 
Catering services 

(CPC 64210, 64220, 64230) 

1) None 

2) None 

3) None for hotels in excess of 
100 rooms. Unbound for hotels 
of less than 100 rooms 

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

3) None  

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

3) Unbound except for specialty, 
gourmet and ethnic restaurants 
and restaurants located in hotels, 
resort complexes or tourist 
attractions 

1) None 

2) None 

3) Unbound 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments.  

EN 

43 

   EN 

 
  
 
 
 
 
 
 
 
 
 
SECTOR OR SUB-
SECTOR 

LIMITATIONS ON 
MARKET ACCESS 

LIMITATIONS ON 
NATIONAL TREATMENT 

Beverage serving services 
with entertainment  
(CPC 64310 and 64320) 

1) None 

2) None 

3) Unbound except joint 
ventures with Bahamian firms 

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

3) None 

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

3) Unbound 

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

3) None 

1) None 

2) None 

3) None 

B. Travel agencies and tour 
operators services (CPC 
7471) 

C. Tourist guide services 
(CPC 7472) 

D. Other 

Hotel Development 

EN 

44 

   EN 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SECTOR OR SUB-
SECTOR 

LIMITATIONS ON 
MARKET ACCESS 

LIMITATIONS ON 
NATIONAL TREATMENT 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

Hotel Management 

1) None 

2) None 

3) None 

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

3) Unbound except joint 
ventures with Bahamian firms 

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

3) Unbound except joint 
ventures with Bahamian firms  

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

Marina Services 

Spa Services  

10. RECREATIONAL, 
CULTURAL AND 
SPORTING SERVICES 
(Other than audiovisual 
services) 

A. Entertainment services 
(including theatre, live bands 
and circus services) (CPC 
9619) 

EN 

45 

   EN 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
SECTOR OR SUB-
SECTOR 

LIMITATIONS ON 
MARKET ACCESS 

LIMITATIONS ON 
NATIONAL TREATMENT 

B. News agency services 
(CPC 9621) 

C. Libraries, archives, 
museums & other cultural 
services (CPC 963) 

D. Sporting and other 
Recreational Services 
(CPC 96411-3) (Except 
Gambling) 

1) None 

2) None 

3) None 

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

3) Unbound 

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments.  

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

3) Unbound except joint 
ventures with Bahamian firms 

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) Unbound 

2) None 

3) Unbound except joint 
ventures with Bahamian firms 

1) None 

2) None 

3) None 

4) Unbound except as indicated 

4) Unbound except as indicated 

EN 

46 

   EN 

 
 
 
 
 
 
 
 
 
 
 
SECTOR OR SUB-
SECTOR 

LIMITATIONS ON 
MARKET ACCESS 

LIMITATIONS ON 
NATIONAL TREATMENT 

in the horizontal commitments. 

in the horizontal commitments. 

E. Other 

Rental and leasing of 
yachts (CPC 96499**) 

11. TRANSPORT 
SERVICES 

A. Maritime Transport 
Services 

a) Passenger transportation 
(less cabotage) (CPC 7211)  

b) Freight transportation 
(less cabotage) (CPC 7212)  

c) Rental of vessels with 
crew (less cabotage) (CPC 
7213)  

1) None 

2) None 

3) None  

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

3) None 

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

3) None 

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

EN 

47 

   EN 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SECTOR OR SUB-
SECTOR 

LIMITATIONS ON 
MARKET ACCESS 

LIMITATIONS ON 
NATIONAL TREATMENT 

1) None 

2) None 

1) None 

2) None 

3) Unbound except joint 
ventures with Bahamian firms 

3) Unbound except joint 
ventures with Bahamian firms 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

3) Unbound below 100 tonnes. 
None above 100 tonnes 

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

1) None 

2) None 

3) Unbound except joint 
ventures with Bahamian firms 

3) Unbound  

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

d) Maintenance and repair 
of vessels (CPC 8868**) 

e) Pushing and Towing 
Services (CPC 7214) 

f) Supporting services for 
Maritime Transport 

Vessel salvaging and 
refloating services 
(CPC 74540) 

1) None 

2) None 

3) None 

1) None 

2) None 

3) None 

EN 

48 

   EN 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SECTOR OR SUB-
SECTOR 

LIMITATIONS ON 
MARKET ACCESS 

LIMITATIONS ON 
NATIONAL TREATMENT 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

Ship Registration for the 
control, regulation and 
orderly development of 
merchant shipping 

B. Internal Waterways 
Transport 

b) Freight transportation 
(CPC 7222) 

d) Maintenance and repair 
of vessels (CPC 8868) 

C. Air Transport Services 

b) Freight transportation 
(CPC 732) 

1) None 

2) None 

1) None 

2) None 

3) Unbound 

3) Unbound 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

1) None 

2) None 

3) Unbound 

3) Unbound 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

3) None 

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

EN 

49 

   EN 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SECTOR OR SUB-
SECTOR 

LIMITATIONS ON 
MARKET ACCESS 

LIMITATIONS ON 
NATIONAL TREATMENT 

1) None 

2) None 

3) None 

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

1) None 

2) None 

3) Unbound  

3) Unbound 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

3) None 

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

c) Rental of aircraft with 
crew (CPC 734) 

d) Maintenance and repair 
of aircraft 
(CPC 8868**) 

e) Supporting services for 
air transport (CPC 746**) 

Computer Reservation 
System (CRS) services 

1) None 

2) None 

3) None 

1) None 

2) None 

3) None 

4) Unbound except as indicated 

4) Unbound except as indicated 

EN 

50 

   EN 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SECTOR OR SUB-
SECTOR 

LIMITATIONS ON 
MARKET ACCESS 

LIMITATIONS ON 
NATIONAL TREATMENT 

in the horizontal commitments. 

in the horizontal commitments. 

Airport management 

1) Unbound 

1) Unbound 

2) None 

3) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

E. Rail Transport Services 

a) Passenger transportation 
(CPC 7111) 

b) Freight transport (CPC 
7112) 

c) Pushing and towing 
services (CPC 7113) 

1) None 

2) None 

3) None 

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

3) None 

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

3) None 

1) None 

2) None 

3) None 

4) Unbound except as indicated 

4) Unbound except as indicated 

EN 

51 

   EN 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SECTOR OR SUB-
SECTOR 

LIMITATIONS ON 
MARKET ACCESS 

LIMITATIONS ON 
NATIONAL TREATMENT 

in the horizontal commitments. 

in the horizontal commitments. 

d) Maintenance and repair 
of rail transport equipment 
(CPC 8868) 

e) Supporting services for 
rail transport services 
(CPC 743) 

F. ROAD TRANSPORT 
SERVICES 

a) Passenger 
Transportation (CPC 7121 , 
7122) 

1) None 

2) None 

3) None 

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

3) None 

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

1) None 

2) None 

3) Unbound 

3) Unbound 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

b) Freight Transportation 
(CPC 7123) 

1) None 

1) None 

EN 

52 

   EN 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SECTOR OR SUB-
SECTOR 

LIMITATIONS ON 
MARKET ACCESS 

LIMITATIONS ON 
NATIONAL TREATMENT 

c) Rental of Commercial 
Vehicles with Operator 
(CPC 7124) 

e) Supporting Services for 
Road Transport Services 
(CPC 7442) 

H. Services Auxiliary to All 
Modes of Transport 

b) Storage and warehouse 
services (CPC 742) 

2) None 

3) Unbound 

2) None 

3) Unbound 

4) Unbound except as indicated 
in the horizontal commitments. 
Subject to economic needs test 
for CSS & IP 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

1) None 

2) None 

3) Unbound 

3) Unbound 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

1) None 

2) None 

3) Unbound  

3) Unbound 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

3) Unbound 

1) None 

2) None 

3) None 

4) Unbound except as indicated 

4) Unbound except as indicated 

EN 

53 

   EN 

 
 
 
 
 
 
 
 
 
 
 
 
SECTOR OR SUB-
SECTOR 

LIMITATIONS ON 
MARKET ACCESS 

LIMITATIONS ON 
NATIONAL TREATMENT 

in the horizontal commitments. 

in the horizontal commitments. 

d) Other supporting and 
Auxiliary Transportation 
Services (CPC 74900) 

Free Zone Operation 

Trans-shipment Services 
(CPC 749) 

1) None 

2) None 

3) None 

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

1) None 

2) None 

3) None 

1) None 

2) None 

3) None 

4) Unbound except as indicated 
in the horizontal commitments. 

4) Unbound except as indicated 
in the horizontal commitments. 

EN 

54 

   EN