Brussels, 3.9.2025

COM(2025) 357 final

ANNEX

to the

Proposal for a Council Decision

on the conclusion, on behalf of the European Union, of the Partnership Agreement between the European Union and its Member States, of the one part, and the Common Market of the South, the Argentine Republic, the Federative Republic of Brazil, the Republic of Paraguay and the Oriental Republic of Uruguay, of the other part


ANNEX 18-E

SPECIFIC COMMITMENTS OF THE SIGNATORY MERCOSUR STATES
IN CONFORMITY WITH ARTICLES 18.3 AND 18.4

General conditions

1.    The specific commitments listed below indicate the services and non-services sectors liberalised pursuant to Articles 18.3(1), 18.4(1), 18.5, 18.8, 18.9, 18.10(1) and 18.10(2) and specifies by means of reservations the market access and national treatment limitations that apply.

2.    The specific commitments listed below shall not be interpreted as limitations to domestic regulation or as limitations on the introduction of new regulations with a view to achieving national policy objectives, in accordance with the fourth paragraph of the preamble to the GATS and the main objectives of Part III of this Agreement.

3.    The list of specific commitments for individual services sectors and subsectors is elaborated on the basis of a positive list approach and is identified in accordance with the classification list in Document MTN.GNS/W/120 of the WTO and the corresponding numbers in the CPC, as defined in Article 9.3(c).



4.    The list of specific commitments for non-services sectors is elaborated on the basis of a positive list approach and identified in accordance with the International Standard Industrial Classification of all Economic Activities as set out in Statistical Office of the United Nations, Statistical Papers, Series M, No. 4, ISIC Rev. 3, 1989, hereinafter referred to as "ISIC – Rev.3", for Argentina, Paraguay and Uruguay. For Brazil, the list of specific commitments for non-services sectors is identified in accordance with the Central Product Classification as set out in Statistical Office of the United Nations, Statistical Papers, Series M, N° 77, CPC, 2008, hereinafter referred to as "CPC – Rev. 2", and covers only non-services sectors or activities (headings 0, 1, 2, 3 and 4).

5.    If no reference is made by one or more Signatory MERCOSUR States to a specific sector or subsector, that Signatory MERCOSUR State or those Signatory MERCOSUR States do not make any commitments for that specific sector or subsector.

6.    Measures that are inconsistent with both Articles 18.3 and 18.4 are listed in the column relating to Article 18.3. Such listing shall also be considered to provide a condition or qualification to Article 18.4.

Specific conditions

Argentina

7.    Argentina reserves the right to use exchange rate regulations which are in conformity with the Articles of Agreement of the International Monetary Fund, done at Bretton Woods, New Hampshire, on July 22, 1944.



Brazil

8.    In cases of doubt or divergence between the list of specific commitments made by Brazil for non-services sectors and for services sectors, the latter shall prevail.

9.    For the purposes of interpretation of list of specific commitments made by Brazil, the cross‑border supply of services through electronic means, including the Internet, shall be limited to Mode 1.

Paraguay and Uruguay

10.    The list of specific commitments made by Paraguay and Uruguay are without prejudice to existing bilateral agreements concluded by Paraguay and Uruguay relating to taxes and tax measures or to the capacity of Signatory MERCOSUR States to pursue the objectives of their fiscal policies.

List of specific commitments

Modes of supply:    1) Cross-border supply    2) Consumption abroad    3) Commercial presence    4) Presence of natural persons

Sector or subsector

Limitations on market access

Limitations on national treatment

Additional commitments

HORIZONTAL COMMITMENTS

ARGENTINA

ALL SERVICES AND NON‑SERVICES SECTORS INCLUDED IN THIS LIST

The supply of certain services may depend on public concessions and the conditions established therein.

Acquisition of land: unbound in frontier areas (150 (one hundred and fifty) kilometres in land frontier areas and 50 (fifty) kilometres in coastal areas).

The acquisition of rural land by foreigners is limited by law.

Acquisition in border areas ("security areas") limited to native Argentinians. Foreign natural persons and enterprises carrying on investment projects with a majority of Argentinian personnel can acquire buildings or exploit authorisations and concessions in security areas only with prior authorisation.

The absolute majority of the directors of a juridical person must have permanent residence in Argentina.

In the case of state-owned enterprises subject to privatisation, Argentina reserves the right to establish special share arrangements (such as the retention of "golden shares") or to grant preferences in the purchase of shares to the employees of such state -owned enterprise subject to privatisation.

Argentina reserves the right to adopt or maintain any measure aimed at developing less developed regions, borders areas, or at reducing regional inequalities, as well as any measure necessary to ensure social inclusion and industrial development.

4)    Unbound, except for measures affecting the entry and temporary stay of natural persons in the following categories: key personnel, business sellers and contractual service suppliers, in accordance with Section B of Chapter 18 and the conditions specified in the list of specific commitments for these categories. In order to supply a contractual service, the contractual service supplier shall comply with qualification requirements and conditions described in the list of sector- specific commitments.

4)    Unbound, except for measures affecting the entry and temporary stay of natural persons in the following categories: key personnel, business sellers and contractual service suppliers, in accordance with Section B of Chapter 18 and the conditions specified in the list of specific commitments for these categories. In order to supply a contractual service, the contractual service supplier shall comply with qualification requirements and conditions described in the list of sector- specific commitments.

BRAZIL

ALL SERVICES AND NON‑SERVICES SECTORS INCLUDED IN THIS LIST

1), 2), 3), 4)

(i)    Brazil reserves the right to adopt or maintain any measure aimed at developing less privileged regions or at reducing regional inequalities, as well as any measure necessary to ensure social inclusion and rural development.

(ii)    Brazil reserves the right to adopt or maintain incentives in favour of its services and service suppliers, with the purpose of fostering technological development, technology transfer, scientific research and the development of standards and norms in Brazil. This reservation includes, for instance, tax measures and preferences for Brazilian services and service suppliers.

3)

(i)    Foreign service suppliers and investors wishing to supply services and conduct investment activities as a legal person in Brazil shall conform to one of the types of legal entity in accordance with Brazilian law.

3)    Foreign capital in Brazil must be registered through a declaratory and electronic procedure, with the Central Bank of Brazil.

(ii)    In border strips (areas within 150 (one hundred and fifty) kilometres from national boundaries) and in some areas (the Amazon Basin, the Mata Atlântica, the Serra do Mar and the Pantanal of Mato Grosso), authorisation is required for some activities, including the following: (a) participation of foreigners, whether natural or juridical persons, in any capacity in a juridical person which owns real estate rights over rural property; 

(b) installation and operation of media aiming at the exploitation of services of sound broadcasting or sound and image broadcasting; (c) establishment and exploitation of industrial plants of particular interest for national security; (d) establishment and operation of companies involved in the prospecting, extraction and exploitation of mineral resources and in the supply of hydraulic energy;

and (e) establishment of companies involved in rural settlement. In the case of points (c), (d) and (e), the respective companies must fulfil the following requirements, among others: 51 % of the company's capital must be held by Brazilians;

the majority of management positions must be held by Brazilians. If such activities are carried out by only one individual, only Brazilians may be granted special authorisation to carry out such activities. In the case of point (b), among other requirements, the company's capital must be wholly owned by Brazilian nationals.

(iii)    The acquisition or lease of rural property or the acquisition of any other real estate right over rural property by foreign natural persons, foreign juridical persons or Brazilian juridical persons with foreign participation is subject to specific conditions, limitations and authorisation established under Brazilian law. Unless otherwise provided under Brazilian law, the donation of real estate of the Union or of the States to foreigners, whether natural or juridical persons, is forbidden.

3), 4)

In enterprises with 3 (three) or more employees, two thirds of the work force must consist of Brazilian nationals who shall account for two thirds of the payroll. Members of the Fiscal Council and of the board of directors of publicly-held companies and their managers shall reside in Brazil. In the case of "intra-corporate transferees", the appointment of executives and managers depends on proof of investment by the foreign service supplier. In the case of "contractual service suppliers", working permissions depend on the presentation of a training programme for Brazilian employees. Unbound for "independent professionals".

4)    Unbound, except for measures related to the following categories:

A)    Key Personnel:

1.    Intra-Corporate Transferees (hereinafter referred to as "ICT")

An associate link must exist between the service supplier in the Brazilian territory and its headquarters abroad. The position to be filled by the ICT must be vacant.

Juridical persons shall ensure that there is at least 2 (two) Brazilians for every 3 (three) employees.

4)    Temporary working contracts shall be approved by the relevant competent authority.

The employees refer to:

(i)    Managers

Appointment of a manager must be related to:

(a)    investment amounting to, at least, US$ 50 000, provided that the company creates 10 (ten) new jobs during the first 2 (two) years after its establishment or the entry of the manager or administrator; or

(b)    the company must have invested a minimum amount of US$ 200 000 in Brazil.

(ii)    Specialists

The company employing the specialist shall justify the need to contract such professionals and technicians in relation to similar professionals and technicians available in Brazil.

2.    Business Visitors

Under the terms and periods of stay established in Section B of Chapter 18.

B)    Business Sellers

Under the terms and periods of stay established in Section B of Chapter 18.

C)    Contractual Service Suppliers

The service consumer must be a juridical person established in Brazil.

There must be a contract for technical assistance or transfer of technology between the enterprise of the Union and the service consumer in Brazil.

For each foreign professional covered by the contract there must be: a) justification of the need for the services of that professional in view of professionals available in Brazil; and b) proof of previous experience of at least 3 (three) years.

If the enterprise of the Union has no Brazilian professionals, it must present a training programme for Brazilian professionals.

PARAGUAY

ALL SERVICES INCLUDED IN THIS LIST

Paraguay reserves the right to adopt or maintain any measure aimed at fostering technological development, scientific research and the development of standards and norms in Paraguay, whether discriminatory or not.

Paraguay reserves the right to adopt or maintain any measure aimed at developing less privileged regions or at reducing regional inequalities, as well as those necessary to ensure social inclusion and rural development.

3)    Acquisition of land, or residence requirements, applicable to foreign investors, unbound in border areas 100 (one hundred) kilometres from land frontiers)

3)    The Paraguayan Civil Act (law 1183/1985) establishes that the enterprises constituted abroad are ruled, as for their existence and capacity, by the laws of the country of their domicile. The type of firm that they carry out enables them fully to exercise in the Republic of Paraguay the actions and rights that correspond to them. More, for the habitual exercise of acts included in the special object of their institution, they will conform to the established prescriptions in the Republic.

The domicile of the foreign enterprises is considered to be the place where their core business is. However, establishments, agencies or branch offices set up in the Republic of Paraguay are considered to be domiciled in it for the acts practiced in the territory of Paraguay, Therefore, they have to fulfil the formalities and obligations set up for the Paraguayan type of enterprise that is the most similar to the type of foreign enterprise concerned.

The Paraguayan Civil Act establishes that for the fulfillment of the formalities mentioned before, every enterprise set up abroad that wishes to exercise its activity in Paraguay must:

(a)    set up a representation with an specific address in the country and particular addresses of the representatives for other legal causes;

(b)    confirm that the firm has been set up in accordance with the laws of its country; and

(c)    justify in the same way, the agreement or decision to create a branch or representation, the capital to be assigned, if applicable, and the designation of the representatives.

4)    Unbound, except for measures affecting the entry and temporary stay of natural persons in the following categories: key personnel (intra-corporate transferees, business visitors, managers and specialists) and graduate trainees which are subject to Section B of Chapter 18 and to the conditions specified in the list of specific commitments. In order to supply a contractual service, the service supplier shall comply with qualification requirements and conditions described in the list of specific commitments for these categories. The conditions for these categories will be subject to the reciprocity granted by the Union.

4)    Unbound, except for measures affecting the entry and temporary stay of natural persons in the following categories: key personnel (intra-corporate transferees, business visitors, managers and specialists) and graduate trainees which are subject to Section B of Chapter 18 and to the conditions specified in the list of specific commitments. In order to supply a contractual service, the service supplier shall comply with qualification requirements and conditions described in the list specific commitments for these categories. The conditions for these categories will be subject to the reciprocity granted by the Union.

URUGUAY

ALL SERVICES INCLUDED IN THIS LIST

3)    Uruguay reserves its right to adopt or manintain any measure seeking to establish a Border Safety Zone (Zona de Seguridad Fronteriza) adjoining the land and fluvial borders of the national territory.

4)    Unbound, except for measures affecting the entry and temporary stay of natural persons in the categories subject to Section B of Chapter 18 and to the conditions specified in the list of specific commitments.

4)    Unbound, except for measures affecting the entry and temporary stay of natural persons in the categories subject to Section B of Chapter 18 and to the conditions specified in the list of specific Commitments.



I.    LIST OF SPECIFIC COMMITMENTS FOR NON-SERVICES

SECTORS AND SUBSECTORS

LIMITATIONS ON MARKET ACCESS

LIMITATIONS ON NATIONAL TREATMENT

ARGENTINA

II.    LIST OF SECTOR-SPECIFIC COMMITMENTS

A.    AGRICULTURE, HUNTING AND FORESTRY

01.    Agriculture, hunting

None.

None.

02.    Forestry, logging 1

None.

None.

B.    FISHING

05.    Fishing, operation of fish hatcheries and fish farms

Exploitation of live maritime resources shall only be granted to natural persons with residence in Argentina or to juridical persons established in accordance with Argentina's law.

Vessels employed in the fishing industry must be enrolled in the competent Argentinian registry and fly the Argentinian flag.

The activities of vessels flying foreign flags will have to comply with the terms of Law 24.922/97. They shall only be admitted jointly with one or more locally registered enterprises, as determined by Corporate Law 19550.

Crew members of all fishing vessels shall comply with the following requirements:

(a)    captains and officers shall be of Argentinian nationality, either by birth, option or naturalisation; and

(b)    75 % of the rest of crew members aboard fishing vessels must be either Argentine or foreigners with more than 10 (ten) years of effectively accredited permanent residence in Argentina.

If the percentage established in point (b) is not possible due to a lack of personnel, foreign personnel may provisionally board the vessel until that percentage is re-established, subject to compliance with all legal requirements. When Argentinian crew members are available, the crew must be completed with them.

In the event of an infraction of laws or regulations, in addition to the applicable penalty, foreign vessels may be retained at an Argentinian port until either payment of fines is complied with or satisfactory guarantees are provided.

C.    MINING AND QUARRYING

10.    Mining of coal and lignite; extraction of peat

None.

None.

12.    Mining of uranium and thorium ores

Unbound.

Unbound.

13.    Mining of metal ores

None.

None.

14.    Other mining and quarrying

None.

None.

D.    MANUFACTURING

Argentina reserves the right to maintain or adopt any measure related to performance requirements in regulations or programmes for domestic producers of capital and information technology goods.

Argentina reserves the right to maintain or adopt any measure related to incentives in regulations or programmes for domestic producers of capital and information technology goods.

15.    Manufacture of food products and beverages

None.

None.

16.    Manufacture of tobacco products.

None.

None.

17.    Manufacture of textiles

None.

None.

18.    Manufacture of wearing apparel; dressing and dyeing of fur

None.

None.

19.    Tanning and dressing of leather; manufacture of luggage, handbags, harness and footwear

None.

None.

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

None.

None.

21.    Manufacture of paper and 2 paper products

None.

None.

22.    Publishing, printing and reproduction of recorded media

None.

None.

24.    Manufacture of chemicals and chemical products

None.

None.

25.    Manufacture of rubber and plastics products

None.

None.

26.    Manufacture of other non-metallic mineral products

None.

None.

27.    Manufacture of basic metals

None.

None.

28.    Manufacture of fabricated metal products, except machinery and equipment

None.

None.

29.    Manufacture of machinery and equipment n.e.c.:

291.    Manufacture of general purpose machinery

293.    Manufacture of domestic appliances n.e.c.

None.

None.

30.    Manufacture of office, accounting and computing machinery

None.

None.

31.    Manufacture of electrical machinery and apparatus n.e.c.

None.

None.

32.    Manufacture of radio, television and communication equipment and apparatus

None.

None.

33.    Manufacture of medical, precision and optical instruments, watches and clocks

None.

None.

34.    Manufacture of motor vehicles, trailers and semi-trailers

Argentina reserves the right to adopt or maintain any measure aimed at developing its automotive, motorcycle and agricultural machines industry, including tax measures, performance requirements, technology transfer and workforce development mechanisms.

Argentina reserves the right to adopt or maintain any measure aimed at developing its automotive, motorcycle and agricultural machines industry, including tax measures, performance requirements, technology transfer and workforce development mechanisms.

35.    Manufacture of other transport equipment

None.

None.

36.    Manufacture of furniture; manufacturing n.e.c.

None.

None.

37.    Recycling

None.

None.

E.    PRODUCTION OF ELECTRICITY, GAS, STEAM AND HOT WATER (excluding related services)

4010.    Production of electricity

4020.    Manufacture of gas except petroleum gases and derivatives

Conditions to be regulated by individual contracts of concession.

Conditions to be regulated by individual contracts of concession.

Conditions to be regulated by individual contracts of concession.

Conditions to be regulated by individual contracts of concession.

BRAZIL

0.    AGRICULTURE,FORESTRY AND FISHERY PRODUCTS

01.    Products of agriculture, horticulture and market gardening

None.

None.

02.    Live animals and animal products (excluding meat)

03.    Forestry and logging products

None.

04.    Fish and other fishing products

Vessels flying foreign flags can only operate in commercial fishing in Brazil (including in its Economic Exclusive Zone) if they are chartered by juridical persons established in Brazil and granted a governmental authorisation. Fish, fishing products and fishing by-products of Brazilian vessels or foreign vessels chartered by juridical persons established in Brazil have Brazilian origin. Restrictions listed in the Brazilian list of specific commitments for services are also applicable.

1.    ORES AND MINERALS; ELECTRICITY, GAS AND WATER (except subsector 13)

2.    FOOD PRODUCTS, BEVERAGES AND TOBACCO; TEXTILES, APPAREL AND LEATHER PRODUCTS

3.    OTHER TRANSPORTABLE GOODS, EXCEPT METAL PRODUCTS, MACHINERY AND EQUIPMENT (except subsector 33)

4.    METAL PRODUCTS, MACHINERY AND EQUIPMENT

None, except that the prospecting and exploitation of oil deposits, natural gas, and other fluid hydrocarbons; the refining of Brazilian or foreign oil; the importation and exportation of products and basic by-products; the sea transportation of crude oil of Brazilian origin or of basic oil by-products produced in Brazil; and the transportation by pipeline, the wholesale distribution and retail sale of crude oil, its by-products and natural gas are State monopolies that may be operated, under concession or authorisation in accordance with Brazilian law, by enterprises set up under Brazilian law, with their headquarters and administration in Brazil.

Unbound for ores and minerals.

None. Unbound for ores and minerals.

PARAGUAY

I.    HORIZONTAL COMMITMENTS

ALL NON-SERVICES SECTORS OR SUB SECTORS INCLUDED ON THIS LIST

Unbound for measures related to incentives in regulations and/or programmes for producers of any goods.

Acquisition of land or residence requirements applicable to foreign investors are unbound in border areas 100 (one hundred) kilometres from land frontiers.

Paraguay reserves the right to adopt measures consistent with current or future WTO disciplines on investment.

Paraguay reserves the right to maintain or adopt any measure or disposition for the purpose of statistical controls of foreign investment registration and the transfer thereof, after the entry into force of this Agreement.

Paraguay reserves the right to adopt measures consistent with current or future WTO disciplines on investment.

Paraguay reserves the right to maintain or adopt any measure or disposition with the purpose of statistical controls of foreign investment registration and the transfer thereof, after the entry into force of this Agreement.

Paraguay reserves the right to adopt or maintain any measure aimed at developing less privileged regions or at reducing regional inequalities, as well as those necessary to ensure social inclusion and rural development.

Paraguay reserves the right to adopt or maintain any measure aimed at fostering technological development, scientific research and the development of standards and norms in Paraguay, whether discriminatory or not.

Paraguay reserves the right to adopt or maintain any measure with respect to the registration of foreign capital through a public institution.

Paraguay reserves the right to adopt or maintain any measure relating to tax regulations that may result in different treatment with respect to scientific research, technology development and technology transfer.

II.    LIST OF SECTOR‑SPECIFIC COMMITMENTS

A.    AGRICULTURE, HUNTING AND FORESTRY

01.    Agriculture, hunting

02.    Forestry, logging

None.

None.

D.    MANUFACTURING

15.    Manufacture of food products and beverages

16.    Manufacture of tobacco products

17.    Manufacture of textiles

18.    Manufacture of wearing apparel; dressing and dyeing of fur

19    Tanning and dressing of leather; manufacture of luggage, handbags, saddlery, harness and footwear

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

21.    Manufacture of paper and paper products

None.

None.

22.    Manufacture of coke, refined petroleum products and nuclear fuel

None, except the prospection, exploration and exploitation of hydrocarbon deposits might be directly done by Paraguay or any entity that may be created under its control for this purpose, or by licensees or concessionaires through permits or concessions granted by Paraguay to natural or juridical persons, domestic or foreign, in accordance with Paraguayan law.

Hydrocarbon deposits in solid, liquid and gas state that occur naturally in the territory of Paraguay, except for gritty, earthy and calcareous substances, fall within the domain of Paraguay.

None.

Paraguay may grant concessions to natural or juridical persons, irrespective of whether they are public or private, or to national, foreign or jointly owned enterprises, for prospection, exploration, research or the exploitation of deposits, for a limited time.

Paraguayan law shall regulate the economic system that addresses the interests of the state, licensees or concessionaires and owners that could be affected.

23.    Manufacture of chemicals and chemical products

24.    Manufacture of rubber and plastics products

25.    Manufacture of other non-metallic mineral products

26.    Manufacture of basic metals

27.    Manufacture of fabricated metal products, except machinery and equipment

None.

None.

29.    Manufacture of machinery and equipment n.e.c.

30.    Manufacture of office, accounting and computing machinery

31.    Manufacture of electrical machinery and apparatus n.e.c

32.    Manufacture of radio, television and communication equipment and apparatus

33.    Manufacture of medical, precision and optical instruments, watches and clocks

None.

None.

34.    Manufacture of motor vehicles, trailers and semi-trailers

35.    Manufacture of other transport equipment

36.    Manufacture of furniture; manufacturing n.e.c.

37.    Recycling

None.

None.

URUGUAY

I.    HORIZONTAL COMMITMENTS

ALL SECTORS INCLUDED IN THIS LIST

Uruguay reserves the right to maintain or adopt any measure or disposition with the purpose of statistical controls of foreign investment registration and the transfer thereof after the entry into force of this Agreement.

II.    LIST OF SECTOR‑SPECIFIC COMMITMENTS

A.    AGRICULTURE, HUNTING AND FORESTRY

01.    Agriculture, hunting

None.

None.

02.    Forestry, logging*

None.

None.

B.    FISHING

05.    Fishing, operation of fish hatcheries and fish farms

Commercial fishing and marine hunting activities performed in internal waters and in the territorial sea within a 12 (twelve) mile area, measured from the base lines, are reserved exclusively to duly licensed vessels flying the flag of Uruguay.

Commercial vessels flying a foreign flag shall only be allowed to exploit living resources between the 12 (twelve) mile area referred to in the preceding paragraph and 200 (two hundred) marine miles, subject to the authorisation of the Executive branch, granted in accordance with Law No 13833, and as recorded in the register maintained by the Dirección Nacional de Recursos Acuáticos. The processing and marketing of fish is authorised by the Executive branch and may be subject to a requirement that the fish be totally or partially processed in Uruguay.

C.    MINING AND QUARRYING

Minings licences or titles are given by the Mining Authority depending on the National Government.

Requirements for individual exploitation are also regulated by the Mining Authority.

Prospecting and exploration of mineral deposits and mining shall only be done:

(a)    by the state or sate entities; or

(b)    under a mining title.

The enjoyment of mining rights attributed by the respective title is regulated by specific regulations and the provisions of the specific contract for that mining licence or title.

The holder of a concession to prospect and explore that is in a position to export metal ores shall provide the domestic market with 15 % of the value of each export operation at a "free on board" price.

10.    Mining of coal and lignite; extraction of peat.

12.    Mining of uranium and thorium ores

13.    Mining of metal ores

14    Other mining and quarrying

None, except as indicated above.

None, except as indicated above.

D.    MANUFACTURING

15.    Manufacture of food products and beverages

16.    Manufacture of tobacco products

None.

None.

17.    Manufacture of textiles

None.

18.    Manufacture of wearing apparel; dressing and dyeing of fur

None.

None.

19.    Tanning and dressing of leather; manufacture of luggage, handbags, harness and footwear

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

21.    Manufacture of paper and 3 paper products

None.

None.

22.    Publishing, printing and reproduction of recorded media

None.

None, except that the responsible, director or manager of a newspaper, magazine, or periodical shall be a Uruguayan national.

24.    Manufacture of chemicals and chemical products

25.    Manufacture of rubber and plastics products.

26.    Manufacture of other non-metallic mineral products.

27.    Manufacture of basic metals

28.    Manufacture of fabricated metal products, except machinery and equipment

None.

None.

29.    Manufacture of machinery and equipment n.e.c.:

291.    Manufacture of general purpose machinery

293.    Manufacture of domestic appliances n.e.c.

None.

None.

30.    Manufacture of office, accounting and computing machinery

31.    Manufacture of electrical machinery and apparatus n.e.c.

32.    Manufacture of radio, television and communication equipment and apparatus

33.    Manufacture of medical, precision and optical instruments, watches and clocks

None.

None.

34.    Manufacture of motor vehicles, trailers and semi-trailers

None.

None.

35.    Manufacture of other transport equipment

36.    Manufacture of furniture; manufacturing n.e.c.

37.    Recycling

None.

None.

E.    PRODUCTION OF ELECTRICITY,GAS, STEAM AND HOT WATER (excluding related services)

4010.    Production of electricity

Conditions to be regulated by individual contracts of concession.

Conditions to be regulated by individual contracts of concession.

4020.    Manufacture of gas except petroleum gases and derivatives

Conditions to be regulated by individual contracts of concession.

None.

4030.    Production of steam and hot water

None.

None.


Modes of supply:    1) Cross‑border supply    2) Consumption abroad    3) Commercial presence    4) Presence of natural persons

II.    SPECIFIC COMMITMENTS FOR SERVICES

Sector or subsector

Limitations on market access

Limitations on national treatment

Additional commitments

1.    BUSINESS SERVICES

ARGENTINA

1.A.    Professional services

1), 3), 4)

Natural persons seeking to provide professional services must obtain recognition of their professional degree through a licence from the relevant professional association; and establish legal or special domicile in Argentina.

Legal and special domicile: does not involve a residence requirement.

(a)    Legal services (CPC 861)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(b)    Accounting, auditing and book-keeping services (CPC 862)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(d)    Architectural services (CPC 8671)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(e)    Engineering services (CPC 8672)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(f)    Integrated Engineering Services (CPC 8673)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(g)    Urban planning and landscape architectural services (CPC 8674)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(i)    Veterinary services (CPC 932)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

BRAZIL

1.A.    Professional Services

(a)    Legal Services (CPC 861, only legal advisory on international and foreign law)

1)    Unbound.

2)    Unbound.

3)    Firms providing legal advisory services on international and foreign law must be constituted under Brazilian law, limiting their business purposes solely to advisory services on international and foreign law. All the firms' partners must be advisors on international and foreign law.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(b)    Accounting, auditing and book-keeping (CPC 862)

1)    Unbound, except that a foreign service supplier may cede its name to Brazilian professionals.

2)    Unbound.

3)    Participation of non-residents in juridical persons controlled by Brazilian nationals is not allowed. A foreign service supplier shall not use its foreign name, but may cede it to Brazilian professionals who will establish and exercise full participation in a new juridical person within Brazil. Acting under a power of attorney granted by foreign citizens is prohibited.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    Unbound.

3)    None, except as indicated in the limitations in the market access column.

4)    Unbound except as indicated under the section on horizontal commitments.

(d)    Architectural services (CPC 8671)

1)    Unbound.

2)    Unbound.

3)    For the purpose of legal liability, foreign service suppliers must enter into a partnership with Brazilian service suppliers in the form of a "consórcio" in which the Brazilian partner has the leadership.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(e)    Engineering services (CPC 86721, 86722, 86723, 86724, 86725, 86726, 86727, 86729)

1)    Unbound.

2)    Unbound.

3)    For the purpose of legal liability, foreign service suppliers must enter into a partnership with Brazilian service suppliers in the form of a "consórcio" in which the Brazilian partner has the leadership.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(f)    Integrated Engineering Services (CPC 8673)

1)    Unbound.

2)    Unbound.

3)    For the purpose of legal liability, foreign service suppliers must enter into a partnership with Brazilian service suppliers in the form of a "consórcio" in which the Brazilian partner has the leadership.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(g)    Urban planning and landscape architectural services (CPC 8674)

1)    Unbound.

2)    Unbound.

3)    For the purpose of legal liability, foreign service suppliers must enter into a partnership with Brazilian service suppliers in the form of a "consórcio" in which the Brazilian partner has the leadership.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(h)    Veterinary services (CPC 932)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated in section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated in section on horizontal commitments.

PARAGUAY

1.A.    Professional Services

(a)    Accounting, auditing and book-keeping services (CPC 862)

1)    Unbound.

2)    Unbound.

3)    None. This subsector will be subject to a registration requirement with the competent authority.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    Unbound.

3)    None. This subsector will be subject to a registration requirement with the competent authority.

4)    Unbound, except as indicated under the section on horizontal commitments.

(b)    Legal advisory and representation services in statutory procedures of quasi-judicial tribunals, boards, etc. (CPC 86120)

1)    None.

2)    None.

3)    None, except that foreign lawyers must have their diplomas recognised, approved and registered at the Court.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None, except that foreign lawyers must have their diplomas recognised, approved and registered at the Court.

4)    Unbound, except as indicated under the section on horizontal commitments.

URUGUAY

1.A.    Professional Services

Natural persons seeking to provide professional services must obtain recognition of their professional degree and establish legal domicile in Uruguay. Uruguayan authorities will regulate the provision of these professions in the future. Legal domicile does not imply residence in Uruguay.

(a)    Legal services (CPC 861, except 86130)

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(a)    Legal documentation and certification services (86130)

1) and 3) natural or legal citizens are required to have more than 2 (two) years of citizenship. Residence in the country is required.

2)    None.

4)    Unbound, except as indicated under section on horizontal commitments.

1) and 3) natural or legal citizens are required to have more than 2 (two) years of citizenship. Residence in the country is required.

2)    None.

4)    Unbound, except as indicated under section on horizontal commitments.

(b)    Accounting, auditing and bookeeping services (CPC 862)

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(c)    Taxation services (863)

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(d)    Architectural services (CPC 8671)

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(e)    Engineering services (CPC 8672)

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(f)    Integrated Engineering Services (CPC 8673)

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(g)    Urban planning and landscape architectural services (CPC 8674)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(h)    Medical and dental services (9312)

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(j)    Services provided by midwives, nurses, physiotherapists and paramedical personnel (93191)

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(k)    Pharmacy services

1)    Unbound.

2)    None.

3)    Stock Companies "Sociedades Anónimas" and Comandite Companies "Sociedades en Comandita", whose capital corresponding to stock is not in registered stocks "acciones nominativas", medical, veterinary and dental services providers, are forbidden to be a holder of a pharmacy of first category.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    None.

3)    For the technical management of pharmacy establishments, residence and real and available local presence is required.

4)    Unbound, except as indicated under the section on horizontal commitments.

ARGENTINA

1.B.    Computer and related services

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

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(b)    Software implementation services (CPC 842)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(c)    Data processing services (CPC 843)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(d)    Database services (CPC 844)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(e)    Other (CPC 845 + 849)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

BRAZIL

1.B.    Computer and Related Services

(CPC 84, except for time-stamping services and digital certification services; 8432; 8433; 8439 and 8499)

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

PARAGUAY

1.B.    Computer and Related Services

(CPC 84, except for time-stamping and digital certification services CPC 8432, 8433, 8439 and 8499)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

URUGUAY

1.B.    Computer and related services (CPC 84)

Except for time-stamping (n.d.), digital certification (n.d.)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

URUGUAY

1.C.    Research and development services

Research and development subsidies are available only for national suppliers.

(b)    R&D services on social sciences and humanities (CPC 852)

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(c)    Interdisciplinary R&D services (CPC 853)

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

URUGUAY

1.D.    Real estate services

(a)    Real estate services involving own or leased property (CPC 8210)

(b)    Real estate services on a fee or contract basis (CPC 8220)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

URUGUAY

1.E.    Leasing or rental services without operator

(CPC 831)

(a)    Leasing or rental services concerning private cars without operator (CPC 83101); (CPC 83102)

(b)    Leasing or rental services concerning other machinery and equipment without operator (CPC 83106); CPC (83109)

(c)    Other (CPC 832); (CPC 83201); (CPC 83203); (CPC 83204); (CPC 83209)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

ARGENTINA

1.F.    Other business services

(a)    Advertising services (CPC 871)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

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

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(c)    Management consulting services (CPC 865)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(d)    Services related to management consulting (CPC 866, except CPC 86609)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(e)    Technical testing and analysis services (CPC 8676)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

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

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(h)    Services incidental to mining (CPC 833 + 5115)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(n)    Maintenance and repair of equipment (not including maritime vessels, aircraft or other transport equipment) (CPC 633 + 8861 + 8862 + 8863 + 8864 + 8865+ 8866, except 63309)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(o)    Building cleaning services (CPC 874)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(p)    Photographic services (CPC 87501, 87502, 87503, 87505, 87506, 87507)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(q)    Packaging services (CPC 876)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(s)    Assembly or convention services (CPC 87909*)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(t)    Other (CPC 8790)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

BRAZIL

1.F.    Other Business Services

(a)    Advertising services (CPC 871)

1)    Unbound.

2)    Unbound.

3)    Foreign participation is limited to 49 % of the capital of companies established in Brazil. Leadership must remain with Brazilian partners. Professionals are subject to the Brazilian Code of Ethics of Advertising Professionals.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

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

1)    Unbound.

2)    None.

3)    None

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    None.

3)    None

4)    Unbound, except as indicated under the section on horizontal commitments.

(c)    Management consulting services (CPC 865)

1)    Unbound.

2)    None.

3)    None

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    None.

3)    None

4)    Unbound, except as indicated under the section on horizontal commitments.

(d)    Services related to management consulting (CPC 86601)

1)    Unbound.

2)    None.

3)    None

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    None.

3)    None

4)    Unbound, except as indicated under the section on horizontal commitments.

(e)    Technical testing and analysis services (CPC 8676)

1)    Unbound.

2)    None.

3)    None

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    None.

3)    None

4)    Unbound, except as indicated under the section on horizontal commitments.

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

1)    Unbound*.

2)    Unbound.

3)    In areas next to national frontiers, acts regarding colonisation and rural "loteamentos" are forbidden. If and when authorised, 51 % of those service suppliers' capital must be held by Brazilians and the majority of the Board must be Brazilians, who must hold dominant power on the Board. A foreigner resident in Brazil and a foreign juridical person authorised to work in Brazil can only purchase rural real state in accordance with Brazilian law.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound*.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(g)    Services incidental to fishing (CPC 882)

Does not include the property of fishing boats

1)    Unbound*.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound*.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(k)    Placement and supply services of personnel (CPC 872)

1)    Unbound*.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound*.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(l)    Investigation and security (CPC 873, except 87309)

1)    Unbound.

2)    Unbound.

3)    The property and administration of specialised suppliers of investigation and security services is forbidden for foreigners.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(n)    Maintenance and repair of equipment (not including maritime vessels, aircraft or other transport equipment) (CPC 633 + 8861 + 8862 + 8863 + 8864 + 8865+ 8866, except 63309)

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(o)    Building-cleaning services (CPC 874)

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(p)    Photographic services (CPC 87501, 87502, 87503, 87505, 87506, 87507)

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(q)    Packaging services (CPC 876)

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(s)    Convention services (CPC 87909)

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(t)    Other translation and interpretation services (except official translators) (CPC 87905)

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

PARAGUAY

1.F.    Other Business Services

(c)    Management consulting service (CPC 865)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(n).2.    Maintenance and repair of equipment ( not including maritime vessels, aircraft or other transport equipment) (CPC 633)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(o)    Building –cleaning services (CPC 874)

(q)    Packaging services (CPC 876)

1)    Unbound*.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound*.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(s)    Convention services (CPC 87909*)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

URUGUAY

1.F.    Other business services

(a)    Advertising services (CPC 871)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

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

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(c)    Management consulting services (CPC 8650)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(d)    Services related to management consulting (CPC 866)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

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

1)    Unbound*.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound*.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(k)    Placement and supply services of personnel (CPC 872)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(l)    Investigation and security (CPC 873)

1) and 3) Enterprises and individual investigation and security service suppliers, must obtain prior authorisation and registration from the Ministerio del Interior. Domicile or legal residence in Uruguay is required.

2)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1) and 3) Enterprises and individual investigation and security service suppliers, must obtain prior authorisation and registration from the Ministerio del Interior. Domicile or legal residence in Uruguay is required.

2)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(n)    Maintenance and repair of equipment (not including maritime vessels, aircraft or other transporte equipment) CPC 633 – 8861-8866

1)    Unbound*.

2)    None.

3)    None.

4)    Unbound, except as indicated in section on horizontal commitments.

1)    Unbound*.

2)    None.

3)    None.

4)    Unbound, except as indicated in section on horizontal commitments.

(o)    Building-cleaning services (CPC 874)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(p)    Portrait photography services (CPC 87501)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(p)    Advertising and related photography services (CPC 87502)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(p)    Action photograph services (CPC 87503)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(p)    Photography processing services (CPC 87505)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(p)    Restoration, copying and retouching services of photography (CPC 87507)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(p)    Other photographic services (CPC 87509)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(q)    Packaging services (CPC 876)

1)    Unbound*.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound*.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(s)    Convention services (CPC 87909*)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(t)    Other business services (CPC 8790)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(t1)    Translation and interpretation services (CPC 87905)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(t2)    Interior design services (CPC 87907)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

2.    COMMUNICATION SERVICES

ARGENTINA

2.

A.    Postal services (CPC 7511)

B.    Courier services (CPC 7512)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

BRAZIL

Postal services (except the activities reserved to the Brazilian designated operator, which comprise pick-up, receiving, handling, transport and delivery of letters, postcards and grouped correspondence, whether to domestic or foreign destinations, including any form of consignment, whether priority, non-priority, urgent, express, etc., as well as the issuance of stamps and other postage payments) (CPC 7511).

1)    None.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

2.    COMMUNICATION SERVICES

URUGUAY

2.B.    Postal Services

1) and 3) The Communication Services Regulatory Unit (URSEC) grants temporary operating licences which lapse after three years unless the licence-holding enterprise expresses its intention to renew the licence prior to the expiry date.

2)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

ARGENTINA

2.C.    Telecommunication services

All subsectors

It does not include the provision of satellite facilities of geostationary satellites operating fixed satellite services The aforementioned provision shall only take place under conditions of reciprocity.

The services included in this column may be supplied by any technological means (e.g. fibre optics, radio links, satellites, cable), except as otherwise stated in the limitations indicated in the market access column.

Local and domestic long distance basic telephone services (CPC 7521)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

International telephone services (CPC 7521)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

Domestic data services (CPC 7523**)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

Domestic telex services (CPC 7523**)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

Domestic facsimile services, store-and-forward (CPC 7521** 7522** + 7529**)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

International data services (CPC 7523**)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

International telex services (CPC 7523**)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

International facsimile services, store-and-forward (CPC 7521** + 7529**)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

Leased telephone circuits

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

Leased circuits for international voice and data

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

Mobile services:

Mobile Telephone Services (MTS)

Personal communications (PCS)

Paging

SMR trunking

Mobile data services

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(h)    Electronic mail (CPC 7523**)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(i)    Voice mail (CPC 7523**)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(j)    On-line information and database retrieval (CPC 7523**)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(k)    Electronic data interchange services (CPC 7523**)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(l)    Enhanced/value-added facsimile services (including store and forward, store and retrieve) (CPC 7523**)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(m)    Code and protocol conversion

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(n)    On-line information and/or data processing (including transaction processing) (CPC 843**)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(o)    Other

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

BRAZIL

C.    TELECOMMUNICATIONS SERVICES

(i)    "Telecommunications services" means, for the purposes of the commitments by Brazil on telecommunications services, the transport of electronic magnetic signals, sound, data, image and any combination thereof, excluding broadcasting.

(ii)    The Federal Constitution of Brazil guarantees all acquired rights of service providers already established in Brazil. The Government of Brazil has the legal prerogative to consider limits to foreign participation in the capital of telecommunication service providers.

(iii)    All service suppliers need to obtain a licence from Anatel in order to supply a telecommunication service in Brazil. Licences shall be granted only to suppliers duly constituted in accordance with Brazilian law, which requires head office and management to be located in the territory of Brazil, and ownership of the majority of the voting shares by natural persons resident in Brazil or companies duly constituted in accordance with Brazilian law, which requires head office and management: to be located in the territory of Brazil.

(iv)    No commitment is made for the telecommunications services sector with respect to the activities which have their content transported by a telecommunication service. Those activities are subject to the commitments and reservations for their respective sectors.

(v)    Foreign satellites shall be permitted to have market access in Brazil and regulatory decisions on the grant of such access shall be based on a transparent, objective process and taken on a reciprocal basis. Telecommunication service providers shall use Brazilian satellites if they offer technical, operational or commercial conditions equivalent to foreign satellites.

(vi)    No limits shall be applied to the quantity of licences that can be granted for the supply of telecommunications services, except in cases of technical impossibility, such as issues regarding spectrum availability, or to avoid impairment to the supply of specific public interest services.

(vii)    Value-added-services are not defined as telecommunications services by Brazilian law.

(viii)    Suppliers of telecommunications services of collective interest constituted in Brazil in accordance with Brazilian law shall have the right to use the physical facilities (posts, ducts, conducts, servitudes) owned or controlled by other suppliers of telecommunications services or other services of public interest in a non-discriminatory manner and subject to fair and reasonable prices and conditions. The regulatory authority responsible for the facilities to be used shall define the conditions for the adequate fulfilment of this provision.

(ix)    Authorisations for the supply of telecommunications services of restricted interest can be granted to juridical persons constituted in accordance with Brazilian law and which have their head office and administration in Brazil and to other entities or natural persons that are established or resident in Brazil.

BRAZIL

2.C.    Telecommunication services

Local, long distance and international services, for public and non-public use, provided with the use of any network technology (cable, satellite, etc)

(a)    Voice telephone services

(b)    Packet-switched data transmission services

(c)    Circuit-switched data transmission services

(f)    Facsimile services

(g)    Private leased circuit services

1)    Unbound. Foreign companies are allowed to interconnect on a cross-border basis with operators established in Brazil which are authorised to supply long distance international services in accordance with the Brazilian law. Other forms of cross-border supply, including call-back services, shall not be permitted. Brazilian consumers shall have commercial or legal relationship exclusively with companies established in Brazil which are authorised to operate in accordance with Brazilian law (Mode 1).

1)    Unbound. Foreign companies are allowed to interconnect on a cross-border basis with operators established in Brazil which are authorised to supply long distance international services in accordance with the Brazilian law. Other forms of cross-border supply, including call-back services, shall not be permitted. Brazilian consumers shall have commercial or legal relationship exclusively with companies established in Brazil which are authorised to operate in accordance with Brazilian law (Mode 1).

1.    For greater certainty, Brazil understands that its commitments in Sector 2.C (Telecommunication Services) under Mode 1 (cross-border supply) do not grant any rights to juridical persons established in the territory of the Union, regarding market access or national treatment, other than those expressly set out therein, including in the horizontal notes for Sector 2.C (Telecommunication Services).

2)    Unbound.

3)    None, except as listed in the horizontal section specific to this subsector and in the section on horizontal commitments.

4)    Unbound, except as indicated under the section on horizontal commitments.

2)    Unbound.

3)    None, except as listed in the horizontal section specific to this subsector and in the section on horizontal commitments.

4)    Unbound, except as indicated under the section on horizontal commitments.

2.    For greater certainty, for the purpose of the present list of specific commitments of Brazil, the supply of telecommunication services under Mode 1 do not include the carriage of signals originating and ending in the territory of Brazil, even if such carriage is performed by means of a satellite operated from the territory of the Union.

(o)    Other Basic Telecommunication Services

Mobile services

Analog/ Digital cellular services

(800 MHz, 900 MHz, 1800 MHz, 1900 / 2100 MHz)

Global mobile satellite services

Paging services

Trunking services

(460 MHz, 800 MHz, 900 MHz)

1)    Unbound.

2)    Unbound.

3)    None, except as listed in the horizontal section specific to this subsector and in the section on horizontal commitments.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    Unbound.

3)    None, except as listed in the horizontal section specific to this subsector and in the section on horizontal commitments.

4)    Unbound, except as indicated under the section on horizontal commitments.

PARAGUAY

2.C.    Telecommunications services

The commitments undertaken in this sector are subject to the following general conditions:

1.    Telecommunications services provided in Paraguay are subject to licensing requirements and procedures set up by CONATEL.

2.    The licences subject to licensing requirements and procedures referred to in the previous paragraph shall be granted exclusively to juridical persons in accordance with the law of Paraguay, provided such juridical persons have headquarters and representation in the territory of Paraguay.

3.    Access to essential telecommunications facilities for services providers shall be granted, if such grant does not affect the current or future use of the facility by the owner and if Paraguay determines that a refusal to provide access to such essential facility may become an obstacle for the development of a competitive market at the retail level or that it may negatively affect end users. The radio spectrum shall not be considered as an essential facility.

4.    Mode 4) Unbound, except for measures related to the entry, stay and work of intra-corporate transferees of the following categories: managers and specialists.

(a)    Telephone services (CPC 7521)* Services provided by the Government

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

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

(d)    Telex services (CPC 7523)

1)    Unbound.

2)    Unbound.

3)    Unbound.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound.

(e)    Telegraph services (CPC 7522)

(f)    Fac-simile services (CPC 7521 + 7529)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(h)    Electronic mail

(CPC 7523)

1)    None.

2)    None.

3)    None, except as indicated under the section on horizontal commitments.

4)    Unbound, except for measures related to the entrance, stay and work of intra-corporate transferees of the following categories: managers and specialists.

1)    None.

2)    None.

3)    None, except as indicated under the section on horizontal commitments.

4)    Unbound, except for measures related to the entrance, stay and work of of intra-corporate transferees of the following categories: managers and specialists.

(g)    Private leased circuit services (CPC 7522 + 7523)

(i)    Voice mail (CPC 7523)

(j)    On-line information and database retrieval (CPC 7523)

(k)    Electronic data interchange services (CPC 7523)

(l)    Enhanced/value-added facsimile services (including store and forward, store and retrieve) (CPC 7523)

1)    Unbound.

2)    Unbound.

3)    Unbound, except as indicated under the section on horizontal commitments.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    Unbound.

3)    Unbound.

4)    Unbound, except as indicated under the section on horizontal commitments.

(o)    Other

o.1    Mobile Services 4 (CPC n.d.)

o.2    Personal communications (CPC n.d.)

o.3    Paging services (CPC n.d.)

o.4    Trunking services (CPC n.d.)

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

URUGUAY

2.C.    Telecommunications services

Each public service shall be defined pursuant to the law of Uruguay in effect for each case of the following specific commitments. Services awarded under an existing concession or existing authorisation regime shall be governed pursuant to the law of Uruguay and contractual conditions agreed upon with the service supplier. All services that imply the use of basic telecommunications are subject to the Administracion Nacional de Telecomunicaciones (ANTEL) monopoly.

For the supply of telecommunications services, the authorisation of the Executive Branch is required.

a)    Mobile telephone services (CPC 75213)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

b) and c) Data transmission services (7523**)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

f)    Facsimile services (CPC 7521** + 7529**)

1) and 3) None, except for the supply of services under the ANTEL monopoly.

2)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1) and 3) None, except for the supply of services under the ANTEL monopoly.

2)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

g)    Private leased circuit services (CPC 7522** + 7523**)

1) and 2) Unbound.

3)    None, except for data services. The supply of voice services is under the ANTEL monopoly.

4)    Unbound, except as indicated under the section on horizontal commitments.

1) and 2) Unbound.

3)    None, except for data services. The supply of voice services is under the ANTEL monopoly.

4)    Unbound, except as indicated under the section on horizontal commitments.

h)    Electronic mail (CPC 7523**)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

i)    Voice mail (CPC 7523**)

1), 2) and 3) None, except for the supply of services under the ANTEL monopoly.

4)    Unbound, except as indicated under the section on horizontal commitments.

1), 2) and 3) None, except for the supply of services under the ANTEL monopoly.

4)    Unbound, except as indicated in the horizontal commitments.

j)    On-line information and data base retrieval (CPC 7523**)

1), 2) and 3) None, except for the supply of services under the ANTEL monopoly.

4)    Unbound, except as indicated under the section on horizontal commitments.

1), 2) and 3) None, except for the supply of services under the ANTEL monopoly.

4)    Unbound, except as indicated under the section on horizontal commitments.

k)    Electronic data interchange (EDI) (CPC 7523**)

1), 2) and 3) None, except for the supply of services under the ANTEL monopoly.

4)    Unbound, except as indicated under the section on horizontal commitments.

1), 2) and 3) None, except for the supply of services under the ANTEL monopoly.

4)    Unbound, except as indicated under the section on horizontal commitments.

l)    Enhanced/value-added facsimile services, incl. Store and forward, store and retrieve (CPC 7523**)

1) and 3) None, except for the supply of services that derive from telecommunciations under facsimile services.

2)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1) and 3) None, except for the supply of services that derive from telecommunciations under facsimile services.

2)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

n)    On-line information and /or data processing (incl. Transaction processing) (CPC 843**)

1), 2) and 3) None, except for the supply of services under the ANTEL monopoly.

4)    Unbound, except as indicated under the section on horizontal commitments.

1), 2) and 3) None, except for the supply of services under the ANTEL monopoly.

4)    Unbound, except as indicated under the section on horizontal commitments.

o)    Other

Trunking services (CPC 75299)

Paging services (CPC 75291)

Global Mobile Satelital Services (CPC 75299)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

3.    CONSTRUCTION AND RELATED ENGINEERING SERVICES

ARGENTINA

A.    General construction work for buildings (CPC 512)

B.    General construction work for civil engineering (CPC 513, except 5139)

C.    Assembly and erection of prefabricated constructions (CPC 514 + 516)

D.    Building completion and finishing work (CPC 517)

E.    Other (CPC 511 + 515 + 518)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

BRAZIL

A.    General construction work for buildings (CPC 512)

B.    General construction work for civil engineering (CPC 513)

C.    Installation and assembly work and maintenance and repair of fixed structures (CPC 514 + 516)

D.    Building completion and finishing work (CPC 517, except 5179)

E.    Others (CPC 511 + 515 + 518)

1)    Unbound*.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound*.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

URUGUAY

A.    General construction work for buildings (CPC 512)

B.    General construction work for civil engineering (CPC 513)

C.    Installation and assembly work (CPC 514+516)

D.    Building completion and finishing work (CPC 517)

E.    Others (CPC 511+515+518)

1)    Unbound*.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound*.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

4.    DISTRIBUTION SERVICES

ARGENTINA

B.    Wholesale trade services (CPC 622)

C.    Retail trade services (CPC 631 + 632)

6111 + 6113 + 6121

D.    Franchising services (CPC 8929)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

BRAZIL

A.    Commission agents' services (CPC 621, except 62118)

B.    Wholesale trade services (CPC 622, except CPC 62271)

C.    Retailing services (CPC 631, 6113, 6121, 632, except for 63297)

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

D.    Franchising (CPC 8929)

1)    Franchise contracts must be in conformity with the Industrial Property Code to be eligible for the payment of royalties.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

PARAGUAY

4.B.    Wholesale Trade Services (CPC 622)

Not including CPC 62271

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

C.    Retailing services (CPC 631, 632, 6111, 6113, 6121, not including 63297)

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

D.    Franchising (CPC 8929)

1)    None.

2)    None.

3)    None.

4)    Unbound.

1)    None.

2)    None.

3)    None.

4)    Unbound.

URUGUAY

A.    Commission agents services (CPC 621)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    Domicile requirement and the company shall be registered in the National Registry of foreign firms representatives in the Ministry of Economy and Finance.

4)    Unbound, except as indicated under the section on horizontal commitments.

B.    Wholesale trade services (622)

62271 is excluded (wholesale trade services involving solid fuel, liquid and gaseous fuel and similar products)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

C.    Retailing trade services (631, 632, 6111+6113+6121) (63297 is excluded)

1)    None.

2)    None.

3)    Prior authorisation is required for the establishmen of new commercial enterprises or for the extension of existing commercial enterprises, or the sale of large surfaces that consist of a total area of a minimum of 300 square meters, depending on the conditions of the market.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

D.    Franchising services (CPC 8929)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

5.    EDUCATIONAL SERVICES

PARAGUAY

Educational services supplied by the Government of Paraguay are excluded, as well as subsidies given at central, departmental and local level by the Government of Paraguay.

5.A.    Primary education services (CPC 921)

(only for private companies)

1)    Unbound.

2)    None.

3)    None.

4)    Unbound.

1)    Unbound.

2)    Unbound.

3)    Unbound.

4)    Unbound.

5.B.    Higher Education Services CPC 92310 - Post-secondary technical and vocational education services

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

6.    ENVIROMENTAL SERVICES

ARGENTINA

D.    Other

(CPC 9404, 9405, 9406, 9409)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

BRAZIL

6.A.    SEWAGE SERVICES (CPC 9401)

6.B.    REFUSE DISPOSAL SERVICES (CPC 9402)

6.C.    SANITATION AND SIMILAR SERVICES (CPC 9403)

CLEANING SERVICES OF EXHAUST GASES (CPC 9404)

NOISE ABATEMENT SERVICES (CPC 9405)

REMEDIATION AND CLEANUP OF SOIL AND WATER SERVICES (CPC 9406)

1)    Unbound.

2)    Unbound.

3)    Supply requires a licence from the public authorities, which can set specific conditions. Transfer of technology is expected in order to ensure symmetrical benefits among national and foreign partners.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

6.    ENVIROMENTAL SERVICES

PARAGUAY

Services considered of public interest or public services at a national, regional or local level are subject to public monopoly or exclusive rights of exploitation granted to private firms, and therefore are excluded from the lists.

6.A.    SEWAGE SERVICES (9401)

1)    Unbound*.

2)    Unbound.

3)    Unbound. Services are provided by the Government of Paraguay or by private firms through licences or concessions granted in accordance with national law.

4)    Unbound.

1)    Unbound*.

2)    None.

3)    None.

4)    Unbound.

6.B.    REFUSE DISPOSAL SERVICES (CPC 9402)

1)    Unbound*.

2)    Unbound.

3)    Unbound.

4)    Unbound.

1)    Unbound*.

2)    Unbound.

3)    Unbound.

4)    Unbound.

6.C.    SANITATION AND SIMILAR SERVICES (CPC 9403)

CLEANING SERVICES OF EXHAUST GASES (CPC 9404)

NOISE ABATEMENT SERVICES (CPC 9405)

1)    Unbound*.

2)    Unbound.

3)    Unbound. The municipalities supply these services directly or grant concessions in accordance with municipal legislation.

4)    Unbound.

1)    Unbound*.

2)    Unbound.

3)    None.

4)    Unbound.

URUGUAY

6.A.    SEWAGE SERVICES (9401)

1)    Unbound*.

2)    Unbound.

3)    The supply of these services is the prerogative of the Intendencias Municipales and/or of the Obras Sanitarias del Estado Public Company ("OSE").

The supply of this public service for which concessions can be granted or prior authorisation given under national law, shall be governed by national law, municipal measures and by the contractual conditions agreed upon with the service supplier.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound*.

2)    Unbound.

3)    The supply of these services is the prerogative of the Intendencias Municipales and/or of the Obras Sanitarias del Estado Public Company ("OSE").

The supply of this public service for which concessions can be granted or prior authorisation given under national law, shall be governed by national law, municipal measures and by the contractual conditions agreed upon with the service supplier.

4)    Unbound, except as indicated under the section on horizontal commitments.

6.B.    REFUSE DISPOSAL SERVICES (9402)

1)    Unbound*.

2)    Unbound.

3)    The supply of these services is the prerogative of the Intendencias Municipales and/or of the Obras Sanitarias del Estado Public Company ("OSE").

The supply of this public service for which concessions can be granted or prior authorisation given under national law, shall be governed by national law, municipal measures and by the contractual conditions agreed upon with the service supplier.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound*.

2)    Unbound.

3)    The supply of these services is the prerogative of the Intendencias Municipales and/or of the Obras Sanitarias del Estado Public Company ("OSE").

The supply of this public service for which concessions can be granted or prior authorisation given under national law, shall be governed by national law, municipal measures and by the contractual conditions agreed upon with the service supplier.

4)    Unbound, except as indicated under the section on horizontal commitments.

6.C.    SANITATION AND SIMILAR SERVICES (9403)

1)    Unbound*.

2)    Unbound.

3)    The supply of these services is the prerogative of the Intendencias Municipales and/or of the Obras Sanitarias del Estado Public Company ("OSE").

The supply of this public service for which concessions can be granted or prior authorisation given under national law, shall be governed by national law, municipal measures and by the contractual conditions agreed upon with the service supplier.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound*.

2)    Unbound.

3)    The supply of these services is the prerogative of the Intendencias Municipales and/or of the Obras Sanitarias del Estado Public Company ("OSE").

The supply of this public service for which concessions can be granted or prior authorisation given under national law, shall be governed by national law, municipal measures and by the contractual conditions agreed upon with the service supplier.

4)    Unbound, except as indicated under the section on horizontal commitments.

6.D.    REMEDIATION AND CLEANUP OF SOIL AND WATER

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

7.    FINANCIAL SERVICES

ARGENTINA

The following applies to all subsectors.

For the purposes of interpretation, the cross-border supply of services through electronic means, including the Internet, will be limited to Mode 1.

In the case of activities requiring the involvement of professionals, the practice of which requires registration or affiliation in professional councils or colleges, such professionals are required to enrol in the jurisdiction where the service is to be provided.

Foreign direct investments in Argentina must comply with the Central Bank of Argentina ("BCRA") regulations on disclosure of information.

Nothing in Part III of this Agreement shall prevent Argentina from applying domestic laws related to banking secrecy and confidentiality.

The outsourcing of financial services requires prior authorisation from the competent authorities and will be subject to the limitations laid down in existing laws and regulations for the entities controlled by the Central Bank of Argentina.

BRAZIL

Brazil reserves the right to adopt or maintain any prudential measure.

Financial service suppliers shall be organised as a "sociedade anônima" (publicly-held company), unless otherwise specified.

Financial service suppliers of banking services shall be authorised by Presidential decree in order to be incorporated under Brazilian law.

Business sellers, contractual service suppliers and independent professionals are not allowed to supply financial services in Brazil.

There are limits provided by law to the acquisition of foreign financial services by Brazilian financial institutions.

Financial services supplied by an offshore financial service supplier 5 are not subject to the specific commitments for financial services.

URUGUAY

3)    Suppliers of financial services wishing to set up operations in Uruguay require prior authorisation from the competent authorities. Applications may be rejected on precautionary grounds, including the current state of the market.

The outsourcing of financial services requires prior authorisation from the competent authorities and is subject to the limitations laid down in the existing laws and regulations for the entities controlled by the Central Bank of Uruguay.

Financial Intermediation (Banking) Senior Management and Boards of Directors: branches or subsidiaries of foreign financial service suppliers may not in their by-laws prohibit Uruguayan nationals from participating in the board of directors, in management, or any other position in the institution.

Financial Intermediation (Banking): the maximum amount of bank deposits covered by deposit insurance may differ depending on whether the deposits are denominated in Uruguayan pesos or another currency. The Uruguayan Government and state enterprises may deposit funds only in the Banco de la República Oriental de Uruguay.

Insurance: Banco de Seguros del Estado is the sole entity permitted to provide worker's compensation insurance, and as a result it may derive a competitive advantage with respect to its overall operations.

ARGENTINA

7.A.    All insurance and insurance-related services

a.    Life, accident and health insurance services

a.1)    Life, pension, life income and social security insurance

a.1.1)    Life insurance (CPC 81211)

a.1.2)    Pension, life income and social security insurance (CPC 81212)

a.2)    Other personal insurance (CPC 81291)

a.2.1)    Accident insurance

a.2.2)    Health insurance excluding prepaid medical programmes)

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

b)    Non-life Insurance services

b.1)    Labour risk insurance

b.3)    Automobile insurance (CPC 81292)

b.4)    Fire and other property damage insurance (CPC 81295)

b.5)    Civil liability insurance (CPC 81297)

b.6)    Other Insurance (excluding reinsurance and retrocession)

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

b.2)    Marine and aviation transport risk insurance. (CPC 81293)

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, as indicated under the section on horizontal commitments.

c.    Reinsurance and retrocession services

c.1)    Reassurances

c.2)    Back assignments

1    Unbound.

2    Unbound.

3)    Unbound.

4)    Unbound.

1)    Unbound.

2    Unbound.

3)    Unbound.

4)    Unbound.

d.    Services auxiliary to insurance (including broking and agency services)

d.1)    Services by agencies and brokers (CPC 81401)

Except pension fund (CPC 81402)

1)    Unbound.

2)    Unbound.

3) and 4) In accordance with Law 22.400 (Section 4 paragraph a) any insurance intermediary (including brokers and intermediaries societies) shall reside in Argentina and must be registered in the Insurance Producer – Advisor Register.

1)    Unbound.

2)    Unbound.

3) and 4) In accordance with Law 22.400 (Section 4 paragraph a) any insurance intermediary (including brokers and intermediaries societies) shall reside in Argentina and must be registered in the Insurance Producer – Advisor Register.

In order to act as insurance broker, registration is required in the register of reinsurance and retrocession services, subject to compliance with the following conditions:

a)    proof of real domicile in the country (residence requirement); and

b)    proof of competence in accordance with qualifications and procedures established by law.

In order to act as insurance broker, registration is required in the register of reinsurance and retrocession services, subject to compliance with the following conditions:

a)    proof of real domicile in the country (residence requirement); and

b)    proof of competence in accordance with qualifications and procedures established by law.

d.1.2)    Services by reinsurance and retrocession agencies and brokers

1    Unbound.

2    Unbound.

3)    Unbound.

Reinsurance intermediaries must also register with the National Insurance Superintendency (Superintendencia de Seguros de la Nación). Foreign juridical persons must designate a legal representative with the same obligations as the representative designated by foreign reinsurers and must also provide a certificate from their respective Control Bodies, proving that they are legally registered therewith.

4)    Unbound, except as indicated under the section on horizontal commitments.

1    Unbound.

2    Unbound.

3)    Unbound.

Reinsurance intermediaries must also register with the National Insurance Superintendency (Superintendencia de Seguros de la Nación). Foreign juridical persons must designate a legal representative with the same obligations as the representative designated by foreign reinsurers and must also provide a certificate from their respective Control Bodies, proving that they are legally registered therewith.

4)    Unbound, except as indicated under the section on horizontal commitments.

d.2)    Advisory services (CPC 81402)

1)    Unbound.

2)    Unbound.

3)    Unbound.

In the case of activities requiring the involvement of professionals the practice of which requires registration or affiliation with professional councils or colleges, such professionals are required to enrol in the jurisdiction where the service is provided.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    Unbound.

3)    Unbound.

In the case of activities requiring the involvement of professionals the practice of which requires registration or affiliation with professional councils or colleges, such professionals are required to enrol in the jurisdiction where the service is provided.

4)    Unbound, except as indicated under the section on horizontal commitments.

d.3)    Insurance claims adjustment services (CPC 81403)

1)    Unbound.

2)    Unbound.

3)    Unbound.

Adult natural persons holding a secondary school certificate, and having their registered domicile in Argentina, and who have passed the required exam as proof of competence may act as claim adjusters. They must register as such in the National Insurance Superintendency.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    Unbound.

3)    Unbound.

Adult natural persons holding a secondary school certificate, and having their registered domicile in Argentina, and who have passed the required exam as proof of competence may act as claim adjusters. They must register as such in the National Insurance Superintendency.

4)    Unbound, except as indicated under the section on horizontal commitments.

d.4)    Audit services

d.5)    Actuarial services (CPC 81404)

1)    Unbound.

2)    Unbound.

3)    Unbound.

The General Insurance Law regulates the activity of external auditors and actuaries (with a certain seniority and experience in external auditing in local insurance companies), establishing requirements for their registration in the respective register, among others, registration in Professional Councils in Argentina. Nothing is stipulated in the General Insurance Law as regards the possibility of proving compliance with these requirements abroad.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    Unbound.

3)    Unbound.

The General Insurance Law regulates the activity of external auditors and actuaries (with a certain seniority and experience in external auditing in local insurance companies), establishing requirements for their registration in the respective register, among others, registration in Professional Councils in Argentina. Nothing is stipulated in the General Insurance Law as regards the possibility of proving compliance with these requirements abroad.

4)    Unbound, except as indicated under the section on horizontal commitments.

d.6)    Other auxiliary services

1)    Unbound.

2)    Unbound.

3)    Unbound.

Actuarial and legal certifications on plans and technical notes are required and the respective professionals must offer proof of registration with Professional Councils in Argentina.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    Unbound.

3)    Unbound.

Actuarial and legal certifications on plans and technical notes are required and the respective professionals must offer proof of registration with Professional Councils in Argentina.

4)    Unbound, except as indicated under the section on horizontal commitments.

BRAZIL

7.A.    Insurance and insurance-related services

(i)    Mandatory insurance can only be placed in Brazil.

(ii)    There are limits on the transfer of premiums written by insurance and reinsurance companies established in Brazil to service suppliers established abroad of the same financial group or are otherwise significantly interrelated.

(iii)    Reinsurance for life insurance with cash value (accumulation products) and pension plans can only be placed in Brazil.

(iv)    Insurance companies shall contract a minimum amount of each reinsurance cession with local reinsurers.

7.A.1.    Direct insurance (including co-insurance):

3)    The establishment of branches foreign companies without the need for incorporation as a Brazilian legal person may be allowed by a Presidential authorisation on a case by case basis.

(a)    Life (except closed pension funds) (CPC 8121)

1)    Unbound, except for the placing of insurance for risks not covered within Brazil, in accordance with the provisions defined horizontally for this subsector.

2)    Unbound, except for the placing of insurance for risks not covered within Brazil, in accordance with the provisions defined horizontally for this subsector.

1)    Unbound, except for the placing of insurance for risks not covered within Brazil, in accordance with the provisions defined horizontally for this subsector.

2)    Unbound, except for the placing of insurance for risks not covered within Brazil, in accordance with the provisions defined horizontally for this subsector.

3)    None, except that pension plan suppliers are not allowed to engage in other business activities, including other non-life insurance services. Life insurance suppliers are allowed to supply non-life insurance, but not to engage in other business activities

4)    Insurance can only be provided by legal persons.

3)    None.

4)    Insurance can only be provided by legal persons.

(b)    non-life (CPC 8129)

(b)1.    Health Insurance Services (except pre-paid systems) (CPC 81291)

1)    Unbound, except for the placing of insurance for risks not covered within Brazil, in accordance with the provisions defined horizontally for this subsector.

2)    Unbound, except for the placing of insurance for risks not covered within Brazil, in accordance with the provisions defined horizontally for this subsector.

3)    None other than horizontally indicated for the financial services sector and for the insurance-related services subsector.

4)    Insurance can only be provided by legal persons.

1)    Unbound, except for the placing of insurance for risks not covered within Brazil, in accordance with the provisions defined horizontally for this subsector.

2)    Unbound, except for the placing of insurance for risks not covered within Brazil, in accordance with the provisions defined horizontally for this subsector.

3)    None.

4)    Insurance can only be provided by legal persons.

(b)2.    Freight Insurance Services (Maritime, Aeronautical and Terrestrial and Others) (CPC 81294)

1)    None for exported goods

Unbound for imported goods, except for risks not covered within Brazil, in accordance with the provisions defined horizontally for this subsector.

2)    None for exported goods

Unbound for imported goods, except for risks not covered within Brazil, in accordance with the provisions defined horizontally for this subsector.

3)    None other than horizontally indicated for the financial services sector and for the insurance-related services subsector.

4)    Insurance can only be provided by legal persons.

1)    None for exported goods

Unbound for imported goods, except for risks not covered within Brazil, in accordance with the provisions defined horizontally for this subsector.

2)    None for exported goods

Unbound for imported goods, except for risks not covered within Brazil, in accordance with the provisions defined horizontally for this subsector.

3)    None.

4)    Insurance can only be provided by legal persons.

(b)3.    Hull, Machinery and Civil Liability Insurance Services for Vessels (CPC 81293)

1)    None for vessels registered in the Brazilian Special Register (Registro Especial Brasileiro ("REB") if the insurance is not offered in Brazil or if domestic prices differ from international prices. Unbound for vessels not registered in the REB.

1)    None for vessels registered in the Brazilian Special Register (Registro Especial Brasileiro ("REB") if the insurance is not offered in Brazil or if domestic prices differ from international prices. Unbound for vessels not registered in the REB.

2)    None for vessels registered in the Brazilian Special Register (Registro Especial Brasileiro ("REB") if the insurance is not offered in Brazil or if domestic prices differ from international prices. Unbound for vessels not registered in the REB.

2)    None for vessels registered in the Brazilian Special Register (Registro Especial Brasileiro ("REB") if the insurance is not offered in Brazil or if domestic prices differ from international prices. Unbound for vessels not registered in the REB.

3)    None other than horizontally indicated in this for the financial services sector and for the insurance-related services subsector.

4)    Insurance can only be provided by legal persons.

3)    None.

4)    Insurance can only be provided by legal persons.

7.A.2.    Reinsurance and retrocession

1)    Unbound, except for the placing of reinsurance for risks not covered within Brazil, in accordance with the provisions defined horizontally in this subsector, or for vessels registered in the Brazilian Special Register (Registro Especial Brasileiro ("REB") if the reinsurance is not offered in Brazil or if domestic prices differ from international prices.

1)    Unbound, except for the placing of reinsurance for risks not covered within Brazil, in accordance with the provisions defined horizontally in this subsector, or for vessels registered in the Brazilian Special Register (Registro Especial Brasileiro ("REB") if the reinsurance is not offered in Brazil or if domestic prices differ from international prices.

2)    Unbound, except for the placing of reinsurance for risks not covered within Brazil, in accordance with the provisions defined horizontally in this subsector, or for vessels registered in the Brazilian Special Register (Registro Especial Brasileiro ("REB") if the reinsurance is not offered in Brazil or if domestic prices differ from international prices.

3)    Unbound.

4)    Reinsurance and retrocession can only be provided by legal persons.

2)    Unbound, except for the placing of reinsurance for risks not covered within Brazil, in accordance with the provisions defined horizontally in this subsector, or for vessels registered in the Brazilian Special Register (Registro Especial Brasileiro ("REB") if the reinsurance is not offered in Brazil or if domestic prices differ from international prices.

3)    Unbound.

4)    Reinsurance and retrocession can only be provided by legal persons.

7.A.3.    Insurance and reinsurance inter-mediation, such as brokerage and agency (CPC 81299)

1)    Unbound.

2)    Unbound.

3)    None, except that the brokerage service supplier must be constituted in the form of either a "sociedade anônima" or a "sociedade ltda" (corporation or limited partnership) and, for reinsurance inter-mediation, its sole business purpose must be to act as intermediary in reinsurance and retrocession contracting.

4)    None.

1)    Unbound.

2)    Unbound.

3)    None, except that, for insurance inter-mediation, the technical representative and technical director (or managing partner) must be a permanent resident in Brazil.

4)    None.

7.A.4.    Services auxiliary to insurance, such as consultancy, actuarial, risk assessment and claims settlement services (CPC 8140)

1)    Unbound.

2)    Unbound.

3)    None other than horizontally indicated in this subsection and section.

4)    None other than horizontally indicated in the general section for advisory services.

1)    Unbound.

2)    Unbound.

3)    None other than horizontally indicated.

4)    None other than horizontally indicated.

PARAGUAY

7.A.    All insurance and insurance-related services: compulsory social security are excluded.

1) and 2) The financial service suppliers that are not legally established in Paraguay are not authorised to provide services in the domestic territory. The commitments taken under Mode 2 do not give consumers the right to make complaints to the authorities of Paraguay.

3)    Enterprises that are not legally incorporated in Paraguay are not authorised to operate in the territory of Paraguay.

See Appendix 18-E-1: Additional commitments for financial services.

Insurance (not including reinsurance and retrocession)

CPC 812

Marine, aviation and other transport insurance services (81293)

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except for managers and specialists.

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except for managers and specialists.

Reinsurance and retrocession services

CPC 81299

1)    None.

2)    None.

3)    None.

4)    Unbound, except for managers and specialists.

1)    None.

2)    None.

3)    None.

4)    Unbound, except for managers and specialists.

Insurance intermediation (CPC 81401)

Agencies and insurance brokers services (excluded pension fund)

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound.

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound.

Agencies and reinsurance and retrocession broker services

1)    Unbound.

2) and 3) Reinsurance and retrocession brokers have to be registered with the Central Bank of Paraguay and they shall designate a representative located in Paraguay.

4)    Unbound.

1)    Unbound.

2)    None.

3)    None.

4)    Unbound.

Disaster settlement services (CPC 81403)

1)    Unbound.

2)    None, except that enterprises in charge of the verification of disaster settlement must form a partnership with an enterprise located and authorised to provide such service in Paraguay.

3)    Every natural or juridical person interested in providing disaster settlement services has to apply for registration to the Central Bank.

4)    Unbound.

1)    Unbound.

2)    None.

3)    None.

4)    Unbound.

URUGUAY

7.A.    All the Insurance services and insurance- related services (including reinsurance) and pension fund services, except social security

Insurance and insurance related

a.a.1.1)    Life insurance services

a.1.2)    Pensions and annuities

1)    Unbound.

2)    Unbound.

3)    In order to have a commercial presence in Uruguay, enterprises must be constituted as Uruguayan public limited companies, subject to the limitations laid down in existing laws and regulations. This requirement does not apply to the reinsurance sector.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

b.    Insurance services different than life insurance

–    Motor vehicle Insurance services

–    Fire insurance and other property damage

–    Civil liability insurance

–    Pecuniary loss insurance services

General liabilities insurance services

1)    Unbound.

2)    Unbound.

3)    In order to have a commercial presence in Uruguay, enterprises must be constituted as Uruguayan public limited companies, subject to the limitations laid down in existing laws and regulations. This requirement does not apply to the reinsurance sector.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

Marine, aviation and other international transport insurance services

1)    None, except for the maritime hull, excluding the fishing fleet.

2)    None, except for the maritime hull, excluding the fishing fleet.

3)    None, except as indicated under the section on horizontal commitments.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None, except for the maritime hull, excluding the fishing fleet.

2)    None, except for the maritime hull, excluding the fishing fleet.

3)    None, except as indicated under the section on horizontal commitments.

4)    Unbound, except as indicated under the section on horizontal commitments.

Reinsurance and retrocession services

1)    None.

2)    None.

3)    None, except as indicated under the section on horizontal commitments.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

Freight insurance services

1)    Unbound.

2)    Unbound.

3)    Limitation as indicated for motor vehicle insurance services.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

Insurance and pension consultancy services

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

d.    Services auxiliary to insurance (81402-81403-81404-81405)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

Actuarial services

(CPC 81404)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

7.B.    BANKING AND OTHER FINANCIAL SERVICES

ARGENTINA

7.B.    Banking and other financial services (excluding insurance)

The financial operations carried out by the Government and State-owned enterprises, or by means of the entities they designate to that end, are excluded from the conditions specified in this list.

In order to participate in transactions of the Stock Exchange it is necessary to be registered in the "Registro de Agentes de Negociación" (Comisión Nacional de Valores).

a.    Acceptance of deposits and other repayable funds from the public: Defined as any repayable sum of money (currency) received from the public, subject or not to interest rate at sight or on time:

–    Deposits

–    Other ways of raising money from the public (CPC 81116)

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

b.    Lending of all types, including, among others, consumer credit, mortgage credit, factoring and financing of commercial transactions

–    Banking loans

–    Non-banking loans: granted by persons who are not authorised to raise funds from the public under any modality whatsover (CPC 81131 + 81132 + 81133 + 81139)

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

c.    Financial leasing services which include a purchase option (CPC 81120)

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

d.    Financial transactions processing and clearing house involving only money (under the scope of code 71553 Release CPC N° 1 –Explanatory notes) (CPC 81339)

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

e.    Guarantees and commitments: Defined as any contingent or eventual liability of financial entities incurred in compliance with contractual obligations with costumers (CPC 81199)

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

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 instruments (checks, bills, deposit certificates, etc.) (CPC 81339)

–    Foreign exchange (on own account or on behalf of third parties) (CPC 81333)

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

–    Derivatives products, including but not limited to futures and options (CPC 81339)

–    Exchange and money market instruments, i.e. (monetary) swaps, term interest rate agreements (forward transactions) etc. (CPC 81339)

–    Transferable Securities (CPC 81321)

–    Other negotiable financial instruments and assets including bullion (CPC 81339)

g.    Participations in issues of all kinds of securities, including under-writing and placement as agent (whether publicly or privately) and provision of services related to such issues (CPC 81322)

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

h.    Exchange brokerage (only on behalf of third parties) (CPC 81339)

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

i.    Asset Management, such as:

–    Management of cash funds or securities portfolios, mutual investment funds of any kind.

–    Pension fund management

–    Custodial depository and trust services (CPC 81323)

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

j.    Settlement and clearing services for financial assets including securities, derivatives and other negotiable instruments (except for currency) (CPC 81319 + 81329)

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

k.    Advisory and other auxiliary financial services on all the activities in credit reference and analysis, investment and portfolio research and advice, advice on acquisitions and on corporate restructuring and strategy (CPC 81332)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

l.    Provision and transfer of financial information and financial data processing and related software support by providers of other financial services (CPC 81319 + 81329)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

Items i, k and l are depending upon information to be subsequently provided by the competent authority of each country as regards pension and retirement fund management.

BRAZIL

7.B.    Banking and Other Financial Services (Excluding Insurance)

Horizontal Subsector Provisions:

For commitments under Mode 3): The establishment of financial institutions, including all types of bank, consumer, real estate or mortgage finance company, credit cooperative or company, leasing company, broker and dealer, as well as increases in the participation of foreign persons (natural or juridical persons) in the capital of financial institutions incorporated under Brazilian law, requires a specific authorisation granted on a case-by-case basis by the Executive Branch, by means of a Presidential decree. The grant of such authorisation may be subject to specific conditions. Institutions authorised to perform financial activities may only perform activities, for which they are authorised, in accordance with Brazilian laws and regulations. Representative offices may not engage in commercial business.

Note for transparency purposes regarding domestic regulation: services included in subsector 7.B.1 are those currently under primary responsibility of the Central Bank of Brazil (BACEN – "Banco Central do Brasil"), and those included in subsector 7.B.2 are those under primary responsibility of the Brazilian Securities Commission (CVM – "Comissão de Valores Mobiliários"). Only institutions accredited by those agencies may render activities listed in this subsector.

Securities, for commitments under subsector 7.B.2, are: corporate shares, debentures, secured bonds, founder's shares (extinguished in 2001, with existing shares being grandfathered), coupons of these securities; subscription warrants and rights or receipts; securities certificates of deposit; any type of derivatives, including options, forwards, swaps and futures contracts; commercial paper issued by public companies, with the exception of financial institutions; open or closed-ended mutual funds, including real estate-funds (shares of real estate investment funds); and any type of collective investment instrument offered to the public that creates the right of participation in profits or other type of capital remuneration.

All members of senior level management of financial service suppliers must be permanent residents in Brazil. Domicile in Brazil is needed, but this concept is non-discriminatory, as it is currently extendable to non-resident foreigners. In practice, only an address in Brazil is needed to register, with a working address being accepted for these purposes.

Note for subsector 7.B.:

(1)    Note for transparency purposes regarding domestic regulation: the activities listed in this sector are regulated by specific rules enacted by the Brazilian Securities Commission – CVM. Current regulations are available at CVM´s website ( www.cvm.gov.br ). The commitments are specific to the listed activities.

BRAZIL

7.B.    Banking and other financial services.

1.    acceptance of deposits and other repayable funds from the public;

2.    lending of all types, including consumer credit, mortgage credit, factoring and financing of commercial transaction;

3.    financial leasing;

1)    Unbound.

2)    None for advisory services (point 12) and for the financial leasing of capital goods, including vessels and aircraft, in accordance with the import conditions for internalisation of such goods in Brazil. None for acquisition of depository receipts of Brazilian Securities traded abroad (under points 6 and 10). Unbound for other items.

1)    Unbound.

2)    None for advisory services (point 12) and for the financial leasing of capital goods, including vessels and aircraft, in accordance with the import conditions for internalisation of such goods in Brazil. None for acquisition of depository receipts of Brazilian Securities traded abroad (under points 6 and 10). Unbound for other items.

4.    all payment and money transmission services, including credit, charge and debit cards, travellers cheques and bankers drafts;

5.    guarantees and commitments;

6.    trading for own account or for account of customers, whether on an exchange, in an over-the-counter market or otherwise, the following:

(a)    money market instruments (including cheques, bills, certificates of deposits);

3)    None other than indicated horizontally in this subsection and section. Unbound for factoring on point 2.

4)    None other than indicated horizontally in the general section for advisory services (point 12). For other services, the horizontal sector note is applicable.

3)    None other than indicated horizontally in this subsection and section. Unbound for factoring on point 2.

4)    None other than indicated horizontally in the general section for advisory services (point 12). For other services, the horizontal sector note is applicable.

(b)    foreign exchange;

(c)    derivative products including, but not limited to, futures and options;

(d)    exchange rate and interest rate instruments, including products such as swaps, forward rate agreements;

(e)    transferable securities;

(f)    other negotiable instruments and financial assets, including bullion;

7.    participation in issues of all kinds of securities, including underwriting and placement as agent (whether publicly or privately) and provision of services related to such issues;

8.    money broking;

9.    asset management, such as cash or portfolio management, all forms of collective investment management, pension fund management, custodial, depository and trust services;

10.    settlement and clearing services for financial assets, including securities, derivative products, and other negotiable instruments;

11.    provision and transfer of financial information, and financial data processing and related software by suppliers of other financial services;

12.    advisory, intermediation and other auxiliary financial services on all the activities listed in points (1) to (11) above, including credit reference and analysis, investment and portfolio research and advice, advice on acquisitions and on corporate restructuring and strategy.

PARAGUAY

7.B.    Banking and other financial services

3)    Suppliers of financial services wishing to set up operations in Paraguay require prior authorisation from the competent authorities. These service suppliers will be subject to the limitations laid down in existing laws and regulations for the entities controlled by the Central Bank.

CPC 81115-81119

Lending of all types, including consumer credit, mortgage credit, etc.

CPC 8113

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except managers and specialists.

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except managers and specialists.

Other auxiliary financial intermediation services

CPC 81331-81334

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except managers and specialists.

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except managers and specialists.

URUGUAY

7.B.    Banking and other financial services

3)    The authorisation for enterprises established abroad to set up branches or agencies in Uruguay to engage in financial intermediation activities is subject to the requirement that their by-laws or statutes do not prohibit Uruguayan citizens from being members of the management board or board of directors or from holding any other senior post or position in the enterprise ("institución"), within the territory of Uruguay.

Representatives of financial institutions established abroad must register with the Banco Central del Uruguay (Central Bank of Uruguay).

For public offer purposes, the notes and its issuers must be registered with the Banco Central del Uruguay (Central Bank of Uruguay). The Banco Central del Uruguay is responsible for the regulation of clearing houses and all services related to liquidation, compensation and custody that must be authorised by the competent authority.

Investment funds enterprises must be organised as Uruguayan public limited companies, subject to the limitations laid down in existing laws and regulations.

Wholesale deposit services

1)    None.

2)    None.

3)    Banks wishing to become established in Uruguay must be organised as Uruguayan public limited companies with registered shares or as branches of foreign banks.

This provision applies exclusively to institutions which are defined by law as banks and does not affect other financial intermediation enterprises.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

Credit card services

1)    Unbound.

2)    Unbound.

3)    Limitation as indicated for wholesale deposit services.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

Payment and money transfer services

1)    Unbound.

2)    Unbound.

3)    None, except as indicated under the section on horizontal commitments.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

Other bank deposit services

1)    Unbound.

2)    Unbound.

3)    Limitation as indicated for wholesale deposit services.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

Financial leasing services

1)    Unbound.

2)    Unbound.

3)    Limitation as indicated for wholesale deposit services.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

Guarantees and commitments

(CPC 81199**)

1)    Unbound.

2)    Unbound.

3)    None, except the limitations addressed under banking and other financial services.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

Participation in issues of all kinds of securities, including under-writing and placement as agent (whether publicly or privately) and provision of services related to such issues

(CPC 8132)

1)    Unbound.

2)    Unbound.

3)    None, except the limitations addressed under banking and other financial services.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

Money broking

1)    Unbound.

2)    Unbound.

3)    None, except the limitations addressed under banking and other financial services.

4)    Unbound, except as indicated under the section on horizontal commitments.

)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

Personal instalment loan services

1)    Unbound.

2)    Unbound.

3)    Limitation as indicated for wholesale deposit services.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

Advisory and other auxiliary financial services on all the activities listed in subparagraphs (v) through (xv) of paragraph 5.(a) of the Annex on Financial Services.

(CPC 8131+ and 8133+)

1)    Unbound.

2)    Unbound.

3)    None, except the limitations addressed under banking and other financial services.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

8.    HEALTH RELATED AND SOCIAL SERVICES

PARAGUAY

Health and social services supplied by the Government are excluded, as well as subsidies given at central, departmental and local level by the Government.

Welfare services provided to elderly and handicapped (CPC 93311)

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

9.    TOURISM AND TRAVEL-RELATED SERVICES

ARGENTINA

A.    Hotels and restaurants (including catering) (CPC 641/643)

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

C.    Tourist guide services (CPC 7472)

D.    Other

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

BRAZIL

A.    Hotels and restaurants (incl. catering) (CPC 641 + 642)

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    Unbound.

3)    Brazilian service suppliers operating in the Amazon and North-Eastern regions benefit from certain tax credit incentives. Other incentives are limited to service suppliers with the majority of capital held by Brazilian citizens or legal entities.

4)    Unbound, except as indicated under the section on horizontal commitments.

B.    Travel agencies and tour operators (CPC 7471)

C.    Tour Guide Services (CPC 7472)

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

PARAGUAY

9.A.    Hotels and restaurants (CPC 641-643)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

B.1    Travel agencies and tour operator services (CPC 7471)

1)    None.

2)    None.

3    None.

4)    None, except as indicated under the section on horizontal commitments, foreign managers must have a Paraguayan permanent residency.

1)    None.

2)    None.

3    None.

4)    None, except as indicated under the section on horizontal commitments, foreign managers must have a Paraguayan permanent residency.

B.2    Travel agencies and tour operator services of receptive tourism 6

1)    None.

2)    None.

3    None.

4)    None, except as indicated under the section on horizontal commitments, foreign managers must have a Paraguayan permanent residency.

1)    None.

2)    None.

3    None.

4)    Unbound, except as indicated under the section on horizontal commitments, foreign managers must have a Paraguayan permanent residency.

C.    Tourist guides services (CPC 7472)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None, except for the requirement of Paraguayan permanent residency for foreigners.

4)    Unbound, except as indicated under the section on horizontal commitments.

URUGUAY

9.A.    Hotels and restaurants

(Including catering services providing meals from abroad)

(CPC 641-643)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

9.B.    Travel agencies and tour-operator services (CPC 74710)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

9.C.    Tourist guide services (CPC 74720)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

10.    RECREATIONAL, CULTURAL AND SPORTING SERVICES

(other than audiovisual services)

ARGENTINA

10.B.    News agency services (CPC 962)

1)    None.

2)    None.

3)    The employer may only admit up to 10 % of foreigners as journalistic staff. Foreign news agencies are exempted from this obligation.

1)    None.

2)    None.

3)    The National System of Public Media, a government corporation (Sistema Nacional de Medios Públicos, Sociedad del Estado) is empowered to plan and contract advertising space and produce all the official advertising that may be required of it by the different areas of the Federal Government, through the most convenient public or private broadcasting media; it acts for these purposes as an advertising agency.

4)    In addition to what is mentioned in the horizontal commitments, the employer may only admit up to 10 % of foreigners as journalistic staff. Foreign news agencies are exempted from this obligation.

4)    In addition to what is mentioned in the horizontal commitments, in order to take up a management position, the candidate must be either a native or a naturalised Argentine. Management positions in foreign news agencies are exempted from this provision.

BRAZIL

10.D.    Sporting services (CPC 9641, except CPC 96419)

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

PARAGUAY

CPC 9641 Sporting services except CPC 96419

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

URUGUAY

10.A.    Entertainment services

(includes theatre, bands and orchestras and circus services)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

11.    TRANSPORT SERVICES

ARGENTINA

A.    MARITIME TRANSPORT SERVICES

Passenger and freight national cabotage transport is reserved to registered national vessels in accordance with Argentina's laws and regulations. For greater certainty, this reservation includes the repositioning of empty containers and feedering services.

Maritime and fluvial regular passenger transport between Argentina and Uruguay is reserved to vessels flying the flag of one of those countries.

International maritime transport between a maritime port located in Argentina and a maritime port located in Brazil is reserved to vessels flying the flag of one of those countries, except for the bulk transportation of mineral ores and wheat as well as the repositioning of empty containers. This reservation shall cease to apply no later than 10 (ten) years after the entry into force of this Agreement with regard to the international maritime transport of containerised freight.

International Transport (freight and passengers) CPC 7211 and 7212 less cabotage transport 7

1)    (a)    liner shipping: none.

(b)    bulk, tramp, and other international shipping, including passenger transportation; none.

1)    (a)    none; and

(b)    none.

The following services at the port are made available to international maritime transport suppliers on reasonable and non- discriminatory terms and conditions, with the exception of pricing conditions:

1.    Pilotage

2.    Towing and tug assistance

3.    Provisioning, fuelling and watering

2)    None.

2)    None.

4.    Garbage collecting and ballast waste disposal

5.    Navigation aids

6.    Shore-based operational services essential to ship operations, including communications, water and electrical supplies

7.    Emergency repair facilities

8.    Anchorage, berth and berthing services

(1)    As defined below

3)    (b)    See notes 2 and 3

3)    (a)    establishment of a registered enterprise for the purpose of operating a fleet under the national flag of the State of establishment: none. For purposes of transparency: to fly the Argentine flag, vessels must be registered at the National Registry; and

(b)    other forms of commercial presence for the supply of international maritime transport services (as defined below in the Note to the Argentine Commitments – 2): none

3)    (a)    none; and

(b)    none.

4)    (a)    ships' crews: unbound; and

(b)    key personnel employed in relation to a commercial presence as defined under Mode 3 (b) above: unbound, except as indicated under the section on horizontal commitments.

4)    (a)    unbound; and

(b)    unbound, except as indicated under the section on horizontal commitments.

BRAZIL

Maritime Transport Services (passenger, CPC 7211, and freight, CPC 7212, less cabotage 8 transport services)

1)    (a)    passenger: unbound; and

(b)    freight: none, except cargoes whose transport is reserved to the national flag, in accordance with domestic laws and regulations (see attached Note to the Brazilian Commitments).

1)    Foreign vessels are subject to the Tariff for the Use of Lighthouses (TUF), except for vessels flying the flag of the following countries: Germany, Algeria, Argentina, Bulgaria, China, USA, France, Poland, Portugal, Romania, Russia and Uruguay. This limitation shall cease to apply no later than 2 (two) years after the entry into force of this Agreement for vessels flying the flag of the Member States of the Union that are not covered by the aforementioned exemption.

The following port services are made available to international maritime transport suppliers under reasonable and non discriminatory terms and conditions, in accordance with domestic laws and regulations:

1.    Pilotage;

2.    Towing and tug assistance;

3.    Provisioning, fueling, and watering;

4.    Garbage collecting and ballast waste disposal;

5.    Port captain services;

International maritime transport between a maritime port located in Brazil and a maritime port located in Argentina or Uruguay is reserved for vessels flying the flag of one of those countries, except for the bulk transportation of mineral ores and wheat as well as the repositioning of empty containers. This reservation shall cease to apply no later than 10 (ten) years after the entry into force of this Agreement with regard to international maritime transport of containerised freight.

2)    None.

3)    None, except commercial presence requires the constitution of a Brazilian shipping company (EBN) 9 .

2)    None.

3)    None.

6.    Navigation aids;

7.    Shore-based operational services, including communications, water , and electrical supplies;

8.    Emergency repair;

9.    Anchorage, berth, and berthing services.

Cabotage maritime transport between ports in the national territory is reserved for vessels flying the national flag.

4)    None, except:

(a)    as indicated under the section on horizontal commitments; and

(b)    for vessels flying the Brazilian flag and registered with the National Registry, the captain, the engineer, and 2/3 (two-thirds) of the crew must be Brazilian citizens; if a vessel holds a Special National Registry (REB), only its captain and engineer must be Brazilian citizens.

4)    None, except as indicated under the section on horizontal commitments.

11.    INTERNATIONAL MARITIME TRANSPORT

PARAGUAY

The transport of cargo and passenger by inland rivers is reserved for vessels flying the national flag of countries that are party to the Paraguay-Paraná Hidrovía Treaty. Only in case there is a lack of ship holds, the Paraguayan enterprises may rent or charter vessels with other flags, provided that the rented or charter vessels do not exceed the tonnage of the Paraguayan flag fleet. and the vessel to be rented or chartered is registered in accordance with Paraguayan laws and regulations.

3)    Commercial presence requires the establishment of local presence and legal representation to provide services in Paraguay. The majority of the capital has to be owned by Paraguayans. For corporations, the shares must be nominal. The majority of the capital of the companies which own national vessels shall be held by natural or juridical persons Paraguay or a foreign investor whose capital must be incorporated in Paraguay in accordance with the laws which regulate the incorporation of foreign capital.

Passengers transport (CPC 7211)

1)    None.

2)    None.

3)    None.

4)    Unbound.

1)    None.

2)    None.

3)    None.

4)    Unbound.

The following services at the port are made available to international maritime transport suppliers on reasonable and non-discriminatory terms and conditions:

1.    Compulsory Pilotage

2.    Towing and tug assistance

3.    Provisioning, fuelling and watering

4.    Garbage collecting and ballast waste disposal

Freight transport (CPC 7212)

(excluding fluvial cabotage and feeder transport)

1)    Unbound.

2)    Unbound.

3)    None, except as indicated under the section on horizontal commitments.

4)    Unbound.

1)    Unbound.

2)    None.

3)    None, except as indicated under the section on horizontal commitments.

4)    Unbound.

5.    Navigation aids

6.    Shore-based operational services essential to ship operations, including communications, water and electrical supplies

7.    Emergency repair facilities

8.    Anchorage, berth and berthing services

9.    Port captain services

a.    Rental of vessels with crew (CPC 7213)

(excluding cabotage and feeder transport)

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound.

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound.

MARITIME TRANSPORT SERVICES

URUGUAY

Passenger and freight national maritime cabotage transport is reserved to registered national vessels.

Maritime and fluvial regular passenger transport between Argentina and Uruguay is reserved to vessels flying the flag of one of those countries.

International maritime transport between a maritime port located in Uruguay and a maritime port located in Brazil is reserved for vessels flying the flag of one of those countries, except for the bulk transportation of mineral ores and wheat as well as the repositioning of empty containers. Shipping companies can operate with their own vessels or with chartered or rented vessels. This reservation shall cease to apply no later than 10 (ten) years after the entry into force of this Agreement with regard to international maritime transport of containerised freight.

International Maritime Transport (freight and passengers) CPC 7211 and 7212 less cabotage transport 10

Feeder services 11

1)    Only Uruguay may impose restrictions on access to cargo transportation regarding Uruguayan foreign trade on the basis of reciprocity.

1)    Only Uruguay may impose restrictions on access to cargo transportation of Uruguayan foreign trade on the basis of reciprocity.

The following services at the port are made available to international maritime transport suppliers on reasonable and non- discriminatory terms and conditions:

1.    Pilotage

2.    Towing and tug assistance

3.    Provisioning, fuelling and watering

2)    None.

3)    In order to fly the national flag the maritime traffic shall be approved by the Ministerio de Transporte y Obras Públicas and must fulfil the following requirements:

(i)    If its owners, partners or shipowners are natural persons, they must be Uruguayan natural or legal citizens. Domicile in the territory of Uruguay is required.

2)    None.

3)    In order to fly the national flag the maritime traffic shall be approved by the Ministerio de Transporte y Obras Públicas and must fulfil the following requirements:

(i)    If its owners, partners or shipowners are natural persons, they must be Uruguayan natural or legal citizens. Domicile in the territory of Uruguay is required.

4.    Garbage collecting and ballast waste disposal

5.    Navigation aids

6.    Shore-based operational services essential to ship operations, including communications, water and electrical supplies

7.    Emergency repair facilities

8.    Anchorage, berth and berthing services

1)    See above

(ii)    If their owners, partners or shipowners are legal persons, they must have their "social address" in the territory of Uruguay. Uruguayan natural or legal citizens must control and manage the company. They must also have an agent ("representante") properly credited and domiciled in the territory of Uruguay.

(ii)    If their owners, partners or shipowners are legal persons, they must have their "social address" in the territory of Uruguay. Uruguayan natural or legal citizens must control and manage the company. They must also have an agent ("representante") properly credited and domiciled in the territory of Uruguay.

4)    Ships' crews: unbound.

Key personnel employed in relation to a commercial presence: unbound except as indicated under the section on horizontal commitments.

4)    Ships' crews: unbound.

Key personnel employed in relation to a commercial presence: unbound except as indicated under the section on horizontal commitments.

MARITIME AUXILIARY SERVICES

ARGENTINA

Maritime Cargo Handling Services (as defined below – 4)

1)    Unbound* except for – no limitation on transhipment (board to board or via the quay) or on the use of on-board cargo handling equipment.

2)    None.

3)    None**.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound* except for no limitation on transhipment (board to board or via the quay) or on the use of on-board cargo handling equipment

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

Storage and warehousing Services CPC 742

1)    Unbound*.

2)    None.

3)    None**.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound*.

2)    None.

3)    None**.

4)    Unbound, except as indicated under the section on horizontal commitments.

Customs Clearance Services (as defined below 5)

1)    Unbound*.

2)    None.

3)    None**.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound*.

2)    None.

3)    None**.

4)    Unbound, except as indicated under the section on horizontal commitments.

Container Station and Depot Services (as defined below – 6)

1)    Unbound*.

2)    None.

3)    None**.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound*.

2)    None.

3)    None**.

4)    Unbound, except as indicated under the section on horizontal commitments.

Maritime Agency Services (as defined below – 7)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(Maritime) Freight Forwarding Services (as defined below – 8)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

BRAZIL

B.    Auxiliary Services to Maritime Transport:

Cargo Handling Services (CPC 714)

Storage and Warehousing Services (CPC 742)

Container station and depot services (as in item 4 – Definitions)

1)    Unbound*.

2)    None.

3)    None, except: occupancy of areas of public domain in ports is subject to availability and concession procedures or public calls for tender.

1)    Unbound*.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

4)    Unbound, except as indicated under the section on horizontal commitments.

Maritime Agency Services (as in item 5 – Definitions)

Freight Forwarding Services (as in item 6 – Definitions)

1)    Unbound*.

2)    None.

3)    None, except: occupancy of areas of public domain in ports is subject to availability and concession procedures or public calls for tender.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

4)    Unbound, except as indicated under the section on horizontal commitments.

C.    Maintenance and repair of vessels

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

URUGUAY

Maritime Cargo Handling Services (as defined below –3)

1)    Unbound* except for – no limitation on transhipment (board to board or via the quay) or on the use of on-board cargo handling equipment.

2)    None.

3)    None**. The suppliers of these services must obtain prior authorisation from the Executive Branch.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound* except for no limitation on transhipment (board to board or via the quay) or on the use of on-board cargo handling equipment.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

** Public utility concession or licensing procedures may apply in case of occupation of the public domain.

Storage and warehousing Services CPC 742

1)    Unbound*.

2)    None.

3)    None**.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound*.

2)    None.

3)    None**.

4)    Unbound, except as indicated under the section on horizontal commitments.

Container Station and Depot Services (as defined below – 4)

1)    Unbound. 12*

2)    None.

3)    None 13**. The suppliers must obtain a concession or prior authorisation from the Executive Branch, in accordance with national law and the contractual conditions agreed upon with the service supplier.

1)    Unbound*.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

4)    Unbound except as indicated under the section on horizontal commitments.

Maritime Agency Services (as defined below – 5)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

(Maritime) Freight Forwarding Services (as defined below – 6)

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

MARITIME TRANSPORT

ARGENTINA

NOTE TO THE ARGENTINE COMMITMENTS

Where road, rail, inland waterways and auxiliary services are not otherwise fully covered by the commitments listed above, a multimodal transport operator shall have the ability to rent or lease trucks, railway carriages or barges, and related equipment to local enterprises for the purpose of inland forwarding of cargoes, or have access to, and use of, these forms of multimodal activities on reasonable and non-discriminatory terms and conditions for the purpose of carrying out multimodal transport operations. "Reasonable and non-discriminatory terms and conditions" means, for the purpose of multimodal transport operations, the ability of the multimodal transport operator to arrange for the conveyance of its merchandise on a timely basis, including priority over other merchandise which has entered the port at a later date.

DEFINITIONS

1.    Without prejudice to the scope of activities which may be considered as "cabotage" under the relevant national laws and regulations, commitments listed above do not include "maritime cabotage services", which are assumed to cover transportation of passengers or goods, including goods bound for foreign destinations, between a port located in Argentina and another port located in Argentina and traffic originating and terminating in the same port located in Argentina provided that this traffic remains within Argentina's territorial waters.

2.    "Other forms of commercial presence for the supply of international maritime transport services" means the ability for international maritime transport service suppliers of the other Party to undertake locally all activities which are necessary for the supply to their customers of a partially or fully integrated transport service, within which the maritime transport constitutes a substantial element. This commitment shall however not be construed as limiting in any manner the commitments undertaken under the cross-border mode of delivery.

These activities include, but are not limited to:

(a)    the marketing and sales of maritime transport and related services through direct contact with customers, from quotation to invoicing, these services being those operated or offered by the service supplier itself or by service suppliers with which the service seller has established standing business arrangements;

(b)    the acquisition, on their own account or on behalf or their customers (and the resale to their customers) of any transport and related services, including inward transport services by any mode, particularly inland waterways, road and rail, necessary for the supply of the integrated services;

(c)    the preparation of documentation concerning transport documents, customs documents or other documents related to the origin and character of the goods transported;

(d)    the provision of business information by any means, including computerised information systems and electronic data interchange (subject to the provisions of the Annex on Telecommunications to GATS);

(e)    the setting-up of any business arrangements (including participation in the stock of a company) and the appointment of personnel recruited locally (or, in the case of foreign personnel, subject to the horizontal commitment on movement of personnel) with any locally established shipping agency; and

(f)    acting on behalf of the enterprise organising the call of the vessels or taking over cargoes when required.

3.    "Multimodal transport operators" means the person on whose behalf the bill of lading or multimodal transport document, or any other document evidencing a contract of multimodal carriage of goods, is issued and who is responsible for the carriage of goods pursuant to the contract of carriage.

4.    "Maritime cargo handling services" means activities exercised by stevedore companies, including terminal operators, but not including the direct activities of dockers, when this workforce is organised independently of the stevedoring or terminal operator enterprise. The activities covered include the organisation and supervision of:

–    the loading/discharging of cargo to/from a ship;

–    the lashing/unlashing of cargo;

–    the reception/delivery and safekeeping of cargoes before shipment or after discharge.

5.    "Customs clearance services" (alternatively "customs house brokers' services") means activities consisting in carrying out on behalf of another party customs formalities concerning import, export or through transport of cargoes, whether this service is the main activity of the service provider or a usual complement of its main activity.

6.    "Container station and depot services" means activities consisting in storing containers, whether in port areas or inland, with a view to their stuffing/stripping, repairing and making them available for shipments.

7.    "Maritime agency services" means activities consisting in representing, within a given geographic area, as an agent the business interests of one or more shipping lines or shipping companies, for the following purposes:

–    marketing and sales of maritime transport and related services, from quotation to invoicing, and issuance of bills of lading on behalf of the companies, acquisition and resale of the necessary related services, preparation of documentation, and provision of business information; and

–    acting on behalf of the enterprise organising the call of the vessels or taking over cargoes when required.

8.    "Freight forwarding services" means the activity consisting of organising and monitoring shipment operations on behalf of shippers, through the acquisition of transport and related services, preparation of documentation and provision of business information.

MARITIME TRANSPORT

BRAZIL

NOTE TO THE BRAZILIAN COMMITMENTS

DEFINITIONS

1.    Other forms of commercial presence for the supply of "international maritime transport services" means the ability for international maritime transport service suppliers of the other Party to undertake locally all activities which are necessary for the supply to their customers of a partially or fully integrated transport service, within which maritime transport constitutes a substantial element.

These activities include:

(a)    marketing and sales of maritime transport and related services through direct contact with customers, from quotation to invoicing, these services being those operated or offered by the service supplier itself or by service suppliers with which the service seller has established standing business arrangements;

(b)    the acquisition, on their own account or on behalf or their customers (and the resale to their customers) of any transport and related services, including inward transport services by any mode, particularly inland waterways, road and rail, necessary for the supply of the integrated services;

(c)    the preparation of documentation concerning transport documents, customs documents, or other documents related to the origin and character of the goods transported;

(d)    the provision of business information by any means, including computerised information systems and electronic data interchange (subject to the provisions of the Annex on Telecommunications to GATS);

(e)    the setting up of any business arrangements (including participation in the stock of a company) and the appointment of personnel recruited locally (or, in the case of foreign personnel, subject to the horizontal commitment on movement of personnel) with any locally established shipping agency; and

(f)    acting on behalf of the companies organising the call of the ship or taking over cargoes when required.

2.    "Maritime cargo handling services" means activities exercised by stevedore companies, including terminal operators, but not including the direct activities of dockers, when this workforce is organised independently of the stevedoring or terminal operator companies. The activities covered include the organisation and supervision of:

–    the loading/discharging of cargo to/from a ship;

–    the lashing/unlashing of cargo; and

–    the reception/delivery and safekeeping of cargoes before shipment or after discharge.

3.    "Customs clearance services" (alternatively "customs house brokers' services") means activities consisting in carrying out on behalf of another party customs formalities concerning the import, export or through transport of cargoes, whether this service is the main activity of the service provider or a usual complement of its main activity.

4.    "Container station and depot services" means activities consisting in storing containers, whether in port areas or inland, with a view to their stuffing/stripping, repairing and making them available for shipments.

5.    "Maritime agency services" means activities consisting in representing, within a given geographic area, as an agent the business interests of one or more shipping lines or shipping companies, for the following purposes:

–    marketing and sales of maritime transport and related services, from quotation to invoicing, and issuance of bills of lading on behalf of the companies, acquisition and resale of the necessary related services, preparation of documentation, and provision of business information; and

–    acting on behalf of the companies organising the call of the ship or taking over cargoes when required.

6.    "Freight forwarding services" means the activity consisting of organising and monitoring shipment operations on behalf of shippers, through the acquisition of transport and related services, preparation of documentation and provision of business information.

7.    Maintenance and repair of vessels (CPC 8868).

8.    Tower and tug services (CPC 7214).

NOTE ON MARITIME TRANSPORT SERVICES

1.    Maritime cabotage passenger or freight transport service includes all maritime passenger or freight transportation services rendered between a port or point located in the territory of Brazil and another port or point located in this same territory, including the so called feeder services, and movements of equipment.

2.    The transportation of cargo as a result of public procurement, cargo financed or subsidised by the Government of Brazil as well as oil and its by‑products are reserved to vessels flying the Brazilian flag.

MARITIME TRANSPORT SERVICES

URUGUAY

NOTE TO THE URUGUAYAN COMMITMENTS

Where road, rail, inland waterways and auxiliary services are not otherwise fully covered by the commitments listed above, a multimodal transport operator shall have the ability to rent or lease trucks, railway carriages or barges, and related equipment to local enterprises for the purpose of inland forwarding of cargoes, or have access to, and use of, these forms of multimodal activities on reasonable and non-discriminatory terms and conditions for the purpose of carrying out multimodal transport operations. "Reasonable and non-discriminatory terms and conditions" means, for the purpose of multimodal transport operations, the ability of the multimodal transport operator to arrange for the conveyance of its merchandise on a timely basis, including priority over other merchandise which has entered the port at a later date.

DEFINITIONS

1.    Without prejudice to the scope of activities which may be considered as "cabotage" under the relevant national laws and regulations, the commitments listed above do not include "maritime cabotage services", which are assumed to cover transportation of passengers or goods between a port located in Uruguay and another port located in Uruguay and traffic originating and terminating in the same port located in Uruguay provided that this traffic remains within Uruguay's territorial waters.

2.    "Multimodal transport operators" means the person on whose behalf the bill of lading or multimodal transport document, or any other document evidencing a contract of multimodal carriage of goods, is issued and who is responsible for the carriage of goods pursuant to the contract of carriage.

3.    "Maritime cargo handling services" means activities exercised by stevedore companies, including terminal operators, but not including the direct activities of dockers, when this workforce is organised independently of the stevedoring or terminal operator companies. The activities covered include the organisation and supervision of:

–    the loading/discharging of cargo to/from a ship;

–    the lashing/unlashing of cargo; and

–    the reception/delivery and safekeeping of cargoes before shipment or after discharge.

4.    "Container station and depot services" means activities consisting in storing containers, whether in port areas or inland, with a view to their stuffing/stripping, repairing and making them available for shipments.

5.    "Maritime agency services" means activities consisting in representing, within a given geographic area, as an agent the business interests of one or more shipping lines or shipping companies, for the following purposes:

–    marketing and sales of maritime transport and related services, from quotation to invoicing, and issuance of bills of lading on behalf of the companies, acquisition and resale of the necessary related services, preparation of documentation, and provision of business information; and

–    acting on behalf of the companies organising the call of the ship or taking over cargoes when required.

6.    "Freight forwarding services" means the activity consisting of organising and monitoring shipment operations on behalf of shippers, through the acquisition of transport and related services, preparation of documentation and provision of business information.

11.    AIR TRANSPORT SERVICES

ARGENTINA

d.    Maintenance and repair of aircraft (CPC 8868)

1)    None.

2)    None.

3)    None.

4)    In addition to the horizontal commitments, in order to work professionally in Argentina, Aeronautic Engineers and Technicians are required to revalidate their degrees and licences and they shall register with the Professional Council of Aeronautic and Space Engineering.

1)    None.

2)    None.

3)    None.

4)    In addition to the horizontal commitments, in order to work professionally in Argentina, Aeronautic Engineers and Technicians are required to revalidate their degrees and licences and they shall register with the Professional Council of Aeronautic and Space Engineering.

e.    Supporting Services for Air Transport (CPC 746)

Sale and commercialisation of air transport services

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

Computerised reservation systems services

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    None.

2)    None.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

BRAZIL

E.    Rail Transport Services

Freight transportation (CPC 71121, CPC 71123, CPC 71129)

1)    Unbound.

2)    Unbound.

3)    Governmental authorisation required. The granting of new authorisations is discretionary. The number of service suppliers may be limited.

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound except as indicated under the section on horizontal commitments.

4)    Unbound, except as indicated under the section on horizontal commitments.

F.    Road Transport Services

Freight transportation (CPC 71231, CPC 71233, CPC 71234)

(Specific commitments include limitations arising from bilateral road transport agreements which Brazil is party to)

1)    Unbound.

2)    Unbound.

3)    Foreign participation is limited to 1/5 (one-fifth) of the voting shares of Brazilian companies engaged in this activity.

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

4)    Unbound, except as indicated under the section on horizontal commitments.

G.    Pipeline Transport

Transportation of other goods (CPC 7139 excluding hydrocarbon products)

H.    Services auxiliary to all modes of transport

(a)    Cargo-handling services (CPC 741)

(b)    Storage and warehouse services (CPC 742)

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

1)    Unbound.

2)    Unbound.

3)    None.

4)    Unbound, except as indicated under the section on horizontal commitments.

Appendix 18-E-1

PARAGUAY – ADDITIONAL COMMITMENTS
FOR FINANCIAL SERVICES

EFFECTIVE AND TRANSPARENT REGULATION
IN THE FINANCIAL SERVICES SECTOR

1.    Each Party shall publish promptly or, except in emergency situations, at the latest by the time of their entry into force, all relevant measures of general application which pertain to or affect this Annex. Such measures shall be provided:

(a)    by means of an official publication; or

(b)    in another written or electronic form.

2.    Each Party's appropriate financial authority shall make available to interested persons its requirements for completing applications relating to the supply of financial services.

3.    On the request of an applicant, the appropriate financial authority shall inform the applicant of the status of its application. If such authority requires additional information from the applicant, it shall notify the applicant without undue delay.



4.    Each Party shall make its best endeavours to ensure that internationally agreed standards for regulation and supervision in the financial services sector are implemented and applied in its territory. Such internationally agreed standards are, among others, the Core Principles for Effective Banking Supervision of the Basel Committee Banking Supervision, the Insurance Core Principles of the International Association of Insurance Supervisors, the Objectives and Principles of Securities Regulation of the International Organisation of Securities Commission and the 40 recommendations of the Financial Action Task Force on Money Laundering.

MUTUAL RECOGNITION OF PRUDENTIAL MEASURES

1.    A Party may recognise prudential measures of the other Party in determining how the Party's measures relating to financial services shall be applied. Such recognition, which may be achieved through harmonisation or otherwise, may be based upon an agreement or arrangement or may be accorded autonomously.

2.    A Party that is a party to an agreement or arrangement with a third party as referred to in paragraph 1 whether future or existing, shall grant adequate opportunity for the other Party to negotiate its accession to such agreements or arrangements, or to negotiate comparable ones with it, in circumstances in which there would be equivalent regulation, implementation of such regulation, oversight and, if appropriate, procedures concerning the sharing of information between the parties to the agreement or arrangement. If a Party accords recognition autonomously, it shall grant adequate opportunity for the other Party to demonstrate that such circumstances exist.

________________

(1)    The related service activities are included in the list of specific commitments for services, including distribution and transportation.
(2)    The related service activities are included in the list of specific commitments for services, including distribution and transportation.
(3)    The related service activities are included in the list of specific commitments for services, including distribution and transportation.
(4)    Services provided in Paraguay will require a licence granted by the Paraguayan State through a transparent non-discriminatory procedure.
(5)

   "Offshore financial service supplier" means any financial service supplier, set up in accordance with the laws of a Member State of the Union or of a Signatory MERCOSUR State, which is owned or controlled by juridical persons which are non-residents of Brazil and whose activities are mostly related to such non-residents, and are generally on a scale out of proportion to the size of the economy of the host Member State. These institutions, could otherwise benefit from Part III of this Agreement in a way they would not if their services were supplied from the European Union: country of origin of the owner or controller. http://www.imf.org/external/pubs/ft/eds/Eng/Guide/file6.pdf

(6)    The service suppliers that perform receptive tourism, which means travellers coming to Paraguay from abroad into Paraguay.
(7)    Without prejudice to the scope of activities which may be considered as cabotage under the relevant national law, for the purposes of these commitments, cabotage does not include national cabotage transport, which is assumed to cover the transportation of passengers or goods between a port or point located in Argentina and another port or point located in Argentina, including on its continental shelf as provided in UNCLOS, and traffic originating and terminating in the same port or point located in Argentina.
(8)    Without prejudice to the scope of activities which may be considered as cabotage under the relevant national law, for the purposes of these commitments, cabotage does not include national cabotage transport, which is assumed to cover transportation of passengers or goods between a port or point located in Brazil and another port or point located in Brazil, including on its continental shelf as provided in UNCLOS, and traffic originating and terminating in the same port or point located in Brazil.
(9)    The constitution of a Brazilian shipping company (EBN) requires, among other things, the ownership of at least one vessel and adequate capital resources for the carrying out of this activity. To fly the Brazilian flag, vessels must be resigistered at the National Registry or at the Special National Registry (REB).
(10)    This list does not include "maritime cabotage transport services", which are assumed to cover transportation of passengers or goods between a port located in Uruguay and another port located in Uruguay and traffic originating and terminating in the same port located in Uruguay, provided that this traffic remains within the territorial waters of Uruguay.
(11)    International Maritime Freight Transport includes feeder services: transportation exclusively between a port located in Uruguay and a port located in another Member State of the Union.
(12) *    A commitment on this mode of delivery is not feasible.
(13) **    Public utility concession or licensing procedures may apply in case of occupation of the public domain.