ANNEX to the Proposal for a Council Decision on the conclusion of the Free Trade Agreement between the European Union and the Republic of Singapore - Hoofdinhoud

Kerngegevens
Tekst
Behandeld document
Meer informatie
EU Monitor

1. Kerngegevens

Documentdatum	18-04-2018
Publicatiedatum	18-04-2018
Kenmerk	7967/18 ADD 7
Van	Secretary-General of the European Commission, signed by Mr Jordi AYET PUIGARNAU, Director
Externe link	origineel bericht
Originele document in PDF

2. Tekst

Council of the European Union

Brussels, 18 April 2018 (OR. en)

7967/18

Interinstitutional File: ADD 7

2018/0093 (NLE) i

WTO 71 SERVICES 20 COASI 88

PROPOSAL

From: Secretary-General of the European Commission, signed by Mr Jordi AYET PUIGARNAU, Director

date of receipt: 18 April 2018

To: Mr Jeppe TRANHOLM-MIKKELSEN, Secretary-General of the Council of the European Union

No. Cion doc.: COM(2018) 196 final i - ANNEX 5

Subject: ANNEX to the Proposal for a Council Decision on the conclusion of the Free Trade Agreement between the European Union and the Republic of Singapore

Delegations will find attached document COM(2018) 196 final i - ANNEX 5.

Encl.: COM(2018) 196 final i - ANNEX 5

EUROPEAN COMMISSION

Brussels, 18.4.2018 COM(2018) 196 final i

ANNEX 5

ANNEX

to the

Proposal for a Council Decision

on the conclusion of the Free Trade Agreement between the European Union and the Republic of Singapore

ANNEX 8-A

THE UNION'S SCHEDULE OF SPECIFIC COMMITMENTS

SOLE ARTICLE

The Union's Schedule of Specific Commitments is set out in Appendices 8-A-1 to 8-A-3.

XXX 1

Appendix 8-A-1

UNION

SCHEDULE OF SPECIFIC COMMITMENTS IN CONFORMITY WITH ARTICLE 8.7

(SCHEDULE OF SPECIFIC COMMITMENTS)

(CROSS-BORDER SUPPLY OF SERVICES)

1.

The list of commitments below indicates the service sectors liberalised pursuant to Article 8.7
(Schedule of Specific Commitments) and, by means of reservations, the market access and

national treatment limitations that apply to services and service suppliers of Singapore in

those sectors. The list below is composed of the following elements:

(a) the first column indicating the sector or sub-sector in which the commitment is

undertaken by the Union, and the scope of liberalisation to which the reservations

apply; and

(b) the second column describing the applicable reservations.

Cross-border supply of services in sectors or sub-sectors covered by this Agreement and not

mentioned in the list below is not committed.

XXX 2

2.

In identifying individual sectors and sub-sectors:
(a) "CPC" means the Central Products Classification as referred to in footnote 23 to

Article 8.21 (Computer Services); and

(b) "CPC ver. 1.0" means the Central Products Classification as set out in Statistical Office

of the United Nations, Statistical Papers, Series M, N° 77, CPC ver 1.0, 1998.

3.

The list below does not include measures relating to qualification requirements and
procedures, technical standards and licensing requirements and procedures when they do not

constitute a market access or a national treatment limitation within the meaning of Articles 8.5

(Market Access) and Article 8.6 (National Treatment). Those measures (e.g. need to obtain a

license, universal service obligations, need to obtain recognition of qualifications in regulated

sectors and need to pass specific examinations, including language examinations), even if not

listed, apply in any case to services and service suppliers of Singapore.

4.

The list below is without prejudice to the feasibility of the cross-border supply of service
provided in paragraph (a) of Article 8.4 (Definitions) in certain service sectors and sub-sectors

and without prejudice to the existence of public monopolies and exclusive rights as described

in the list of commitments on establishment.

5.

In accordance with paragraph 2(a) of Article 8.1 (Objective and Scope), the list below does
not include measures concerning subsidies granted by a Party.

6.

The rights and obligations arising from the list below shall have no self-executing effect and
thus confer no rights directly to natural or juridical persons.

XXX 3

7.

The term "investor" mentioned in this schedule of commitments shall be understood as the
term of "entrepreneur" defined in paragraph (c) of Article 8.8 (Definitions).

8.

The following abbreviations are used in the list below:
AT Austria

BE Belgium

BG Bulgaria

CY Cyprus

CZ Czech Republic

DE Germany

DK Denmark

EU European Union, including all its Member States

ES Spain

EE Estonia

FI Finland

FR France

EL Greece

HR Croatia

HU Hungary

IE Ireland

IT Italy

LV Latvia

LT Lithuania

LU Luxembourg

MT Malta

NL Netherlands

PL Poland

XXX 4 PT Portugal

RO Romania

SK Slovakia

SI Slovenia

SE Sweden

UK United Kingdom

XXX 5 Sector or sub-sector Description of reservations

ALL SECTORS Real estate

For Modes 1 and 2

All Member States except AT, BG, CY, CZ, DK, EL, FI, HU, IE, IT, LT, MT, PL, RO, SI, SK: None.

AT: The acquisition, purchase as well as rent or lease of real estate by foreign natural persons and juridical persons requires an authorisation by the competent regional authorities (Länder) which will consider whether important economic, social or cultural interests are affected or not.

BG: Foreign juridical persons and foreign citizens with permanent residence abroad can acquire ownership of buildings and limited property rights 1 of real estate subject to the permission of the Ministry of Finance. The permission requirement does not apply to persons who have made investments in Bulgaria.

Foreign citizens with permanent residence abroad, foreign juridical persons and companies in which foreign participation ensures a majority in adopting decisions or blocks the adoption of decisions, can acquire real estate property rights in specific geographic regions designated by the Council of Ministers subject to permission.

1 The Bulgarian property law recognizes the following limited property rights: right to use, right to build, right to raise a superstructure and servitudes.

XXX 6

Sector or sub-sector Description of reservations

CY: Unbound.

CZ: Agricultural and forest land can be acquired by foreign natural and juridical persons with permanent residence in the Czech Republic. Specific rules apply to the agricultural and forest land in the state ownership.

DK: Limitations on real estate purchase by non-resident physical and legal entities. Limitations on agricultural estate purchased by foreign physical and legal entities.

EL: According to Law No. 1892/90, permission from the Minister of Defence is needed for a citizen to acquire land in areas near borders. According to administrative practices, permission is easily granted for direct investment.

FI: (Åland Islands): Restrictions on the right for natural persons who do not enjoy regional citizenship in Åland, and for juridical persons, to acquire and hold real property on the Åland Islands without permission by the competent authorities of the islands. Restrictions on the right of establishment and the right to provide services by natural persons who do not enjoy regional citizenship in Åland, or by any juridical person, without permission by the competent authorities of the Åland Islands.

XXX 7 Sector or sub-sector Description of reservations

HU: Limitations on acquisition of land and real estate by foreign investors. 1

IE: Prior written consent of the Land Commission is necessary for the acquisition of any interest

in Irish land by domestic or foreign companies or foreign nationals. Where such land is for

industrial use (other than agricultural industry), this requirement is waived subject to

certification to this effect from the Minister for Enterprise, Trade and Employment. This law

does not apply to land within the boundaries of cities and towns.

IT: The purchase of real estate by foreign natural and juridical persons is subject to a condition of reciprocity.

LT: Unbound for acquisition of land. 2

MT: The requirements of Maltese legislation and regulations regarding acquisition of real property shall continue to apply.

PL: Acquisition of real estate, direct or indirect, by foreigners (a natural or foreign legal persons) requires permission. Unbound for acquisition of state-owned property (i.e. the regulations governing the privatization process).

1 As regards services sectors, these limitations do not go beyond the limitations reflected in the existing GATS commitments.

2 As regards services sectors, these limitations do not go beyond the limitations reflected in the existing GATS commitments.

XXX 8

Sector or sub-sector Description of reservations

RO: Natural persons not having Romanian citizenship and residence in Romania, as well as legal persons not having Romanian nationality and their headquarters in Romania, cannot acquire ownership over any kind of land plots, through inter vivos acts.

SI: Juridical persons, established in Slovenia with foreign capital participation, may acquire real

estate in the territory of Slovenia. Branches 1 established in Slovenia by foreign persons may

only acquire real estate, except land, necessary for the conduct of the economic activities for

which they are established.

SK: Limitations on real estate acquisition by foreign physical and legal entities. Foreign entities may acquire real property through establishment of Slovak legal entities or participation in joint

ventures. Unbound for land.

1.

BUSINESS SERVICES

A.

Professional Services

1 According to the Law on Commercial Companies, a branch established in Slovenia is not considered a juridical person, but as regards its operation, its treatment is equal to that of a subsidiary, which is in line with Article XXVIII paragraph (g) of the GATS.

XXX 9

Sector or sub-sector Description of reservations

(a) Legal Services 1 (CPC 861) 2 For Modes 1 and 2

AT, CY, ES, EL, LT, MT, SK: Full admission to the Bar, required for the practice of domestic (EU and Member State) law, is subject to a nationality condition.

1 Due to the gradual liberalisation process of Singapore's legal services market, Singapore cannot yet commit to further market access in this sector. The Parties will, with a view to granting further market access, review their commitments in legal services no later than two years after entry into force of this Agreement. The Parties may, by decision in the Committee on Trade in Services, Investment and Government

Procurement established pursuant to Article 16.2 (Specialised Committees) amend either Party's schedules in this respect

2 It includes legal advisory services, legal representational services, legal arbitration and conciliation/mediation services, and legal documentation and certification services. Provision of legal services is only authorised in respect of public international law, Union law and the law of any

jurisdiction where the service supplier or its personnel is qualified to practice as a lawyer, and, like the provision of other services, is subject to licensing requirements and procedures applicable in the Member States of the Union. For lawyers providing legal services in respect of public international law and foreign law, these licensing requirements and procedures may take, inter alia, the form of compliance with local codes of ethics, use of home title (unless recognition with the host title has been obtained), insurance requirements, simple registration with the host country Bar or a simplified admission to the host country Bar through an aptitude test and a legal or professional domicile in the host country. Legal services in respect of Union law shall in principle be carried out by or through a fully qualified lawyer admitted to the Bar in a Member State of the Union acting personally, and legal services in respect of the law of a Member State of the Union shall in principle be carried out by or through a fully qualified lawyer admitted to the Bar in that Member State acting personally. Full admission to the Bar in the relevant Member State of the Union might therefore be necessary for representation before courts and other competent authorities in the Union since it involves practice of Union and national procedural law. However, in some Member States, foreign lawyers not fully admitted to the Bar are allowed to represent in civil proceedings a party being a national of or belonging to the State in which the lawyer is entitled to practice.

XXX 10

Sector or sub-sector Description of reservations

excluding legal advisory and legal BE, FI: Full admission to the Bar, required for legal representation services, is subject to a documentations and certification services nationality condition, coupled with a residency requirement. In BE quotas apply for provided by legal professionals entrusted with representation before the "Cour de cassation" in non-criminal cases. public functions, such as notaries, "huissiers

de justice" or other "officiers publics et BG: Singapore's lawyers can only provide legal representation services for a Singapore's national subject to reciprocity and cooperation with a Bulgarian lawyer. For legal mediation

ministériels". services, permanent residence is required.

FR: Lawyers' access to the profession of "avocat auprès de la Cour de Cassation" and "avocat auprès du Conseil d'Etat" is subject to quotas and to a nationality condition.

HR: Unbound for practicing of Croatian law.

HU: Full admission to the Bar is subject to a nationality condition, coupled with a residency requirement. For foreign lawyers, the scope of legal activities is limited to the provision of legal advice.

LV: Nationality requirement for sworn solicitors, to whom legal representation in criminal proceedings is reserved.

DK: Marketing of legal advice services is reserved to lawyers with a Danish licence to practice and law firms registered in Denmark. Requirement of a Danish legal examination in order to obtain a Danish licence.

SE: Admission to the Bar, necessary only for the use of the Swedish title "advokat", is subject to

a residency requirement.

XXX 11 Sector or sub-sector Description of reservations

(b) 1. Accounting and Bookkeeping Services For Mode 1

(CPC 86212 other than auditing services, FR, HU, IT, MT, RO, SI: Unbound.

CPC 86213, CPC 86219 and CPC 86220) AT: Nationality condition for representation before competent authorities.

For Mode 2

None.

XXX 12 Sector or sub-sector Description of reservations

(b) 2. Auditing services For Mode 1

(CPC 86211 and 86212 other than accounting BE, BG, CY, DE, ES, FI, FR, EL, HU, IE, IT, LU, MT, NL, PT, RO, UK: Unbound.

services) AT: Nationality condition for representation before competent authorities and for performing

audits provided for in specific Austrian laws (e.g. joint stock companies law, stock exchange law, banking law, etc.)

HR: Foreign audit firms may provide audit services on the Croatian territory where they have established a branch.

LT: Auditor's report must be prepared in conjunction with an auditor accredited to practice in Lithuania.

For Mode 2

None.

XXX 13

Sector or sub-sector Description of reservations

AT: Nationality condition for representation before competent authorities.

CY: Tax agents must be duly authorised by the Minister of Finance. Authorisation is subject to

an economic needs test. The criteria used are analogous to those for granting permission for

foreign investment (listed in horizontal section). As these criteria apply to this sub-sector, the

employment situation in the sub-sector is always taken into consideration.

BG, MT, RO, SI: Unbound.

For Mode 2

None.

1 Does not include legal advisory and legal representational services on tax matters, which are to be found under 1.A.(a) Legal Services.

XXX 14

Sector or sub-sector Description of reservations

(d) Architectural services For Mode 1

and AT: Unbound except for planning services.

(e) Urban planning and landscape architectural BE, BG, CY, EL, IT, MT, PL, PT, SI: Unbound.

services (CPC 8671 and CPC 8674) DE: Application of the domestic rules on fees and emoluments for all services which are

performed from abroad.

HR: Natural and legal persons may supply architectural services upon approval of the Croatian Chamber of Architects. A design or project elaborated abroad must be recognized (validated) by an authorized natural or legal person in Croatia with regard to its compliance with Croatian Law. Unbound for urban planning.

HU, RO: Unbound for landscape architectural services.

For Mode 2

None.

XXX 15

Sector or sub-sector Description of reservations

(f) Engineering services For Mode 1

and AT, SI: Unbound except for pure planning services.

(g) Integrated engineering services (CPC 8672 BG, CY, EL, IT, MT, PT: Unbound.

and CPC 8673) HR: Natural and legal persons may supply engineering services upon approval of the Croatian

Chamber of Engineers. A design or project elaborated abroad must be recognized (validated) by an authorized natural or legal person in Croatia with regard to its compliance with Croatian Law.

For Mode 2

None.

(h) Medical (including Psychologists), and Dental For Mode 1

services (CPC 9312 and part of CPC 85201) AT, BE, BG, CY, DE, DK, EE, ES, FI, FR, EL, IE, IT, LU, MT, NL, PT, RO, SK, UK:

Unbound.

SI: Unbound for social medicine services, sanitary services, epidemiological services, medical/ecological services, the supply of blood, blood preparations and transplants and autopsy.

HR: Unbound, except for telemedicine.

For Mode 2

None.

XXX 16

Sector or sub-sector Description of reservations

(i) Veterinary services (CPC 932) For Mode 1

AT, BE, BG, CY, CZ, DE, DK, EE, ES, FR, EL, HU, IE, IT, LV, MT, NL, PT, RO, SI, SK: Unbound.

UK: Unbound except for veterinary laboratory and technical services supplied to veterinary surgeons, general advice, guidance and information (e.g. nutritional, behaviour and pet care).

For Mode 2

None.

(j) 1. Midwives services (part of CPC 93191) For Mode 1

(j) 2. Services provided by Nurses, AT, BE, BG, CY, CZ, DE, DK, EE, ES, FR, EL, HU, IE, IT, LV, LT, LU, MT, NL, PT, RO, SI, Physiotherapists and Paramedical Personnel SK, UK: Unbound.

(part of CPC 93191) FI, PL: Unbound except for nurses.

HR: Unbound, except for telemedicine.

For Mode 2

None.

XXX 17

Sector or sub-sector Description of reservations

(k) Retail sales of pharmaceuticals and retail sales For Mode 1

of medical and orthopaedic goods AT, BE, BG, DE, CY, DK, ES, FI, FR, EL, IE, IT, LU, MT, NL, PL, PT, RO, SE, SK, SI, UK, (CPC 63211) CZ: Unbound. and other services supplied by pharmacists 1 LV, LT: Unbound except for mail order.

HU: Unbound except for CPC 63211.

For Mode 2

None.

B.

Computer and Related Services (CPC 84) For Modes 1 and 2: None.

C.

Research and Development Services

R&D services on Social Sciences and Humanities None.

(CPC 852 excluding psychologists services) 2

1 The supply of pharmaceuticals to the general public, like the provision of other services, is subject to licensing and qualification requirements and procedures applicable in the Member States of the Union . As a general rule, this activity is reserved to pharmacists. In some Member States of the Union , only the supply of prescription drugs is reserved to pharmacists.

2 Part of CPC 85201, which is to be found under 1.A.(h) Medical and Dental services.

XXX 18

Sector or sub-sector Description of reservations

R&D services on natural sciences (CPC 851) EU: For publicly funded R&D services, exclusive rights and/or authorisations can only be

Interdisciplinary R&D services (CPC 853) granted to nationals of the Member States of the Union and to juridical persons of the Union

having their headquarters in the Union.

D.

Real Estate Services 1

(a) Involving Own or Leased Property (CPC 821) For Mode 1

BG, CY, CZ, EE, HU, IE, LV, LT, MT, PL, RO, SK, SI: Unbound.

HR: Commercial presence required.

For Mode 2

None.

DK: The title of "real estate agent" may only be used by people who have been admitted to the real estate agent register. Section 25(2) of the Act on the sale of real estate lays down the requirements for who can be admitted to the register.

1 The service involved relates to the profession of real estate agent and does not affect any rights and/or restrictions on natural and juridical persons purchasing real estate.

XXX 19

Sector or sub-sector Description of reservations

Amongst others, the Act requires that the applicant is a Danish resident or resident of the Union,

the European Economic Area or Switzerland. Furthermore some requirements to the applicants

theoretical insight and practical knowledge must be considered as laid down by the Danish

Authority of Enterprise and Construction in guidelines. The Act on the sale of real estate is only

applicable when dealing with Danish consumers. Other legislation concerning the access for

foreigners to buy/sell property in Denmark can be applicable, e.g. residency requirements.

(b) On a Fee or Contract Basis (CPC 822) For Mode 1

BG, CY, CZ, EE, HU, IE, LV, LT, MT, PL, RO, SK, SI: Unbound.

HR: Commercial presence required.

Amongst others, the Act requires that the applicant is a Danish resident or resident of the Union,

the European Economic Area or Switzerland. Furthermore some requirements to the applicants

theoretical insight and practical knowledge must be considered as laid down by the The Danish

Authority of Enterprise and Construction in guidelines. The Act on the sale of real estate is only

applicable when dealing with Danish consumers. Other legislation concerning the access for

foreigners to buy/sell property in Denmark can be applicable, e.g. residency requirements.

XXX 20

Sector or sub-sector Description of reservations

For Mode 2

None.

E.

Rental/Leasing Services without Operators

(a) Relating to Ships (CPC 83103) For Mode 1

BG, CY, DE, HU, MT, RO: Unbound.

For Mode 2

None.

(b) Relating to Aircraft (CPC 83104) For Mode 1

BG, CY, CZ, HU, LV, MT, PL, RO, SK: Unbound.

For Mode 2

BG, CY, CZ, LV, MT, PL, RO, SK: Unbound.

AT, BE, DE, DK, ES, EE, FI, FR, EL, HU, IE, IT, LT, LU, NL, PT, SI, SE, UK: Aircraft used by an air carrier of the Union have to be registered in the Member State of the Union licensing the air carrier or elsewhere in the Union. Waivers can be granted for short term lease contracts

or under exceptional circumstances.

XXX 21

Sector or sub-sector Description of reservations

(CPC 83101, CPC 83102 and CPC 83105) BG, CY, HU, LV, MT, PL, RO, SI: Unbound.

For Mode 2

None.

For Mode 1 and 2

HR: excluding cabotage.

(d) Relating to Other Machinery and Equipment For Mode 1

(CPC 83106, CPC 83107, CPC 83108 and BG, CY, CZ, HU, MT, PL, RO, SK: Unbound.

CPC 83109)

For Mode 2

None.

(e) Relating to personal and household goods For Modes 1 and 2

(CPC 832) BE, BG, CY, CZ, DE, DK, ES, FI, FR, EL, HU, IE, IT, LU, MT, NL, PL, PT, RO, SI, SE, SK,

UK: Unbound.

EE: Unbound except for leasing or rental services concerning pre-recorded video-cassettes for use in home entertainment equipment.

(f) Telecommunications equipment rental For Modes 1 and 2

(CPC 7541) None.

XXX 22

Sector or sub-sector Description of reservations

F.

Other Business Services

(a) Advertising (CPC 871) For Modes 1 and 2

None.

(b) Market Research and Opinion Polling (CPC For Modes 1 and 2

864)

None.

None.

(d) Services Related to Management Consulting For Modes 1 and 2

(CPC 866) HU: Unbound for arbitration and conciliation services (CPC 86602).

(e) Technical Testing and Analysis Services For Mode 1

(CPC 8676) IT: Unbound for the profession of biologists and chemical analysts.

BG, CY, CZ, MT, PL, RO, SK, SE: Unbound.

For Mode 2

BG, CY, CZ, MT, PL, RO, SK, SE: Unbound.

XXX 23 Sector or sub-sector Description of reservations

(f) Advisory and Consulting services incidental For Mode 1

to Agriculture, Hunting and Forestry (part of IT: Unbound for activities reserved to agronomists and "periti agrari".

CPC 881) EE, MT, RO: Unbound.

For Mode 2

None.

(g) Advisory and Consulting Services Relating to For Mode 1

Fishing (part of CPC 882) LV, MT, RO, SI: Unbound.

For Mode 2

None.

(h) Advisory and Consulting Services incidental For Modes 1 and 2

to Manufacturing (part of CPC 884 and part of None.

CPC 885)

(i) Placement and Supply Services of Personnel

(i) 1. Executive search (CPC 87201) For Mode 1

AT, BG, CY, CZ, DE, EE, ES, FI, HR, IE, LV, LT, MT, PL, PT, RO, SK, SI, SE: Unbound.

For Mode 2

AT, BG, CY, CZ, EE, FI, HR, LV, LT, MT, PL, RO, SK, SI: Unbound.

XXX 24 Sector or sub-sector Description of reservations

(i) 2. Placement Services (CPC 87202) For Mode 1

AT, BE, BG, CY, CZ, DE, DK, EE, ES, EL, FI, FR, HR, IE, IT, LU, LV, LT, MT, NL, PL, PT, RO, SI, SE, SK, UK: Unbound.

For Mode 2

AT, BG, CY, CZ, EE, FI, HR, LV, LT, MT, PL, RO, SI, SK: Unbound.

(i) 3. Supply Services of office support personnel For Mode 1

(CPC 87203) AT, BG, CY, CZ, DE, EE, FI, FR, HR, IT, IE, LV, LT, MT, NL, PL, PT, RO, SE, SK, SI:

Unbound.

For Mode 2

AT, BG, CY, CZ, EE, FI, HR, LV, LT, MT, PL, RO, SK, SI: Unbound.

(i) 4. Supply services of domestic help personnel, For Modes 1 and 2

other commercial or industrial workers, All Member States except HU: Unbound.

nursing and other personnel (CPCs 87204,

87205, 87206, 87209) HU: None.

(j) 1. Investigation Services (CPC 87301) For Modes 1 and 2

BE, BG, CY, CZ, DE, DK, ES, EE, FI, FR, EL, HR, HU, IE, IT, LV, LT, LU, MT, NL, PL, PT,

RO, SK, SI, UK: Unbound.

XXX 25

Sector or sub-sector Description of reservations

(j) 2. Security Services (CPC 87302, CPC 87303, For Mode 1

CPC 87304 and CPC 87305) HU: Unbound for CPC 87304, CPC 87305

BE, BG, CY, CZ, ES, EE, FI, FR, HR, IT, LV, LT, MT, PT, PL, RO, SI, SK: Unbound.

DK:: Requirement of nationality and residence for members of the board. Unbound for the supply of airport guard services.

For Mode 2

HU: Unbound for CPC 87304, CPC 87305

BG, CY, CZ, EE, LV, LT, MT, PL, RO, SI, SK: Unbound.

(k) Related Scientific and Technical Consulting For Mode 1

Services (CPC 8675) BE, BG, CY, DE, DK, ES, FR, EL, IE, IT, LU, MT, NL, PL, PT, RO, SI, UK: Unbound for

exploration services.

HR: Services of basic geological, geodetic and mining consulting services as well as related environmental protection consulting services on the territory of Croatia can be carried out only jointly with/or through domestic legal persons.

For Mode 2

None.

XXX 26

Sector or sub-sector Description of reservations

(l) 1. Maintenance and repair of vessels (part of For Mode 1

CPC 8868) For maritime transport vessels: BE, BG, CY, DE, DK, ES, FI, FR, HR, EL, IE, IT, LT, MT, NL,

PL, PT, RO, SE, SI, UK: Unbound.

For internal waterways transport vessels: EU except EE, HU, LV: Unbound.

For Mode 2

None.

(l) 2. Maintenance and Repair of Rail Transport For Mode 1

Equipment (part of CPC 8868) AT, BE, BG, DE, CY, CZ, DK, ES, FI, FR, EL, HR, IE, IT, LT, LV, LU, MT, NL, PL, PT, RO,

SE, SI, SK, UK: Unbound.

For Mode 2

None.

(l) 3. Maintenance and Repair of motor vehicles, For Modes 1 and 2

motorcycles, snowmobiles and road transport None.

Equipment (CPC 6112, CPC 6122, part of CPC 8867 and part of CPC 8868)

XXX 27

Sector or sub-sector Description of reservations

(l) 4. Maintenance and Repair of Aircraft and For Mode 1

parts thereof (part of CPC 8868) BE, BG, CY, CZ, DE, DK, ES, FI, FR, EL, HR, IE, IT, LT, LU, MT, NL, PT, RO, SK, SI, SE,

UK: Unbound.

For Mode 2

None.

(l) 5. Maintenance and Repair services of metal For Modes 1 and 2

products, of (non-office) machinery, of (non None.

transport and non-office) equipment and of personal and household goods 1 (CPC 633, CPC 7545, CPC 8861, CPC 8862, CPC 8864, CPC 8865 and CPC 8866)

1 Maintenance and repair services of transport equipment (CPC 6112, 6122, 8867 and CPC 8868) are to be found under 1.F.(l)1. to 1.F.(l)4.

Maintenance and repair services of office machinery and equipment including computers (CPC 845) are to be found under 1.B. Computer and Related Services.

XXX 28

Sector or sub-sector Description of reservations

(m) Building-Cleaning Services (CPC 874) For Mode 1

AT, BE, BG, CY, CZ, DE, DK, ES, EE, FI, FR, HR, EL, IE, IT, LU, LV, MT, NL, PL, PT, RO,

SI, SE, SK, UK: Unbound.

For Mode 2

None.

(n) Photographic Services (CPC 875) For Mode 1

BG, EE, MT, PL: Unbound for the supply of aerial photographic services.

HR, LV: Unbound for specialty photographic services. (CPC 87504)

For Mode 2

None.

(o) Packaging Services (CPC 876) For Modes 1 and 2

None.

(p) Printing and Publishing (CPC 88442) For Modes 1 and 2

None.

(q) Convention Services (part of CPC 87909) For Modes 1 and 2

None.

XXX 29

Sector or sub-sector Description of reservations

(r) 1. Translation and Interpretation Services For Mode 1

(CPC 87905) PL: Unbound for services of sworn interpreters.

HR: Unbound for official documents.

HU, SK: Unbound for official translation and interpretation.

For Mode 2

None.

(r) 2. Interior design and other specialty design For Mode 1

services (CPC 87907) DE: Application of the domestic rules on fees and emoluments for all services which are

performed from abroad.

For Mode 2

None.

(r) 3. Collection Agency Services (CPC 87902) For Modes 1 and 2

BE, BG, CY, CZ, DE, DK, ES, EE, FI, FR, EL, HR, HU, IE, IT, LT, LU, MT, NL, PL, PT, RO,

SK, SI, SE, UK: Unbound.

(r) 4. Credit reporting services (CPC 87901) For Modes 1 and 2

BE, BG, CY, CZ, DE, DK, ES, EE, FI, FR, EL, HR, HU, IE, IT, LT, LU, MT, NL, PL, PT, RO,

SK, SI, SE, UK: Unbound.

XXX 30

Sector or sub-sector Description of reservations

(r) 5. Duplicating services (CPC 87904) 1 For Mode 1

AT, BE, BG, CY, CZ, DE, DK, ES, EE, FI, FR, EL, HR, HU, IE, IT, LT, LU, MT, NL, PL, PT,

RO, SI, SE, SK, UK: Unbound

For Mode 2

None.

(r) 6. Telecommunications consulting services For Modes 1 and 2

(CPC 7544) None.

(r) 7. Telephone answering services (CPC 87903) For Modes 1 and 2

None.

1 Does not include printing services, which fall under CPC 88442 and are to be found under 1.F.(p).

XXX 31

Sector or sub-sector Description of reservations

2.

COMMUNICATION SERVICES

A.

Postal and Courier Services (Services relating For Modes 1 and 2
to the handling 1 of postal items 2 according to None.

the following list of sub-sectors, whether for domestic or foreign destinations:

(i) Handling of addressed written communications on any kind of physical medium 3 , including Hybrid mail service and Direct mail;

(ii) Handling of addressed parcels and packages 4 ;

1 "Handling" refers to activities such as clearance, sorting, transport and delivery.

2 "Postal item" refers to items handled by any type of commercial operator, whether public or private.

3 E.g. letters, postcards.

4 Books and catalogues are included hereunder.

XXX 32 Sector or sub-sector Description of reservations

(iii) Handling of addressed press products 1 ;

(iv) Handling of items referred to in (i) to (iii) above as registered or insured mail;

(v) Express delivery services 2 for items referred to in (i) to (iii) above;

(vi) Handling of non-addressed items; and

(vii) Document exchange 3 .

1 Journals, newspapers, and periodicals.

2 Express delivery services may include, in addition to greater speed and reliability, value added elements such as collection from point of origin, personal delivery to addressee, tracing and tracking, possibility of changing the destination and addressee in transit, and confirmation of receipt.

3 Provision of means, including the supply of ad hoc premises as well as transportation by a third party, allowing self-delivery by mutual exchange of postal items between users subscribing to this service. "Postal item" refers to items handled by any type of commercial operator, whether

public or private.

XXX 33

Sector or sub-sector Description of reservations

Sub-sectors (i), (iv) and (v) are however excluded when they fall into the scope of the services which may be reserved for items of correspondence the price of which is less than five times the public basic tariff, provided that they weigh less than 100 grams 1 , and for the registered mail service used in the course of judicial or administrative procedures.)

(part of CPC 751, part of CPC 71235 2 and part of CPC 73210 3 )

1 "Items of correspondence" means a communication in written form on any kind of physical medium to be conveyed and delivered at the address indicated by the sender on the item itself or on its wrapping. Books, catalogues, newspapers and periodicals are not regarded as items of

correspondence.

2 Transportation of postal and courier items on own account by any land mode.

3 Transportation of mail on own account by air.

XXX 34

Sector or sub-sector Description of reservations

B.

Telecommunications Services
These services do not cover the economic activity consisting of the provision of content which requires telecommunications services for its transport.

(a) All services consisting of the transmission and For Modes 1 and 2

reception of signals by any electromagnetic None.

means 1 , excluding broadcasting 2

1 These services do not include on-line information and/or data processing (including transaction processing) (part of CPC 843) which is to be found under 1.B. Computer and Related services.

2 Broadcasting is defined as the uninterrupted chain of transmission via wired or wireless means (regardless of the location of the originating transmission) required for the reception and/or display of aural and/or visual programme signals by all or any part of the public, but does not cover contribution links between operators.

XXX 35 Sector or sub-sector Description of reservations

3.

CONSTRUCTION AND RELATED For Modes 1 and 2
ENGINEERING SERVICES (CPC 511, CPC None.

512, CPC 513, CPC 514, CPC 515, CPC 516, CPC 517 and CPC 518)

4.

DISTRIBUTION SERVICES (excluding For Modes 1 and 2
distribution of arms, munitions, explosives EU except AT, SI, FI: Unbound for distribution of chemical products, and of precious metals and other war material) (and stones).

A.

Commission Agents' Services AT: Unbound for distribution of pyrotechnical goods, of ignitable articles and blasting devices

(a) Commission Agents' Services of motor and of toxic substances.

vehicles, motorcycles and snowmobiles and AT, BG: Unbound for distribution of products for medical use such as medical and surgical parts and accessories thereof (part of devices, medical substances and objects for medical use.

CPC 61111, part of CPC 6113 and part of

CPC 6121) HR: Unbound for tobacco products.

XXX 36

Sector or sub-sector Description of reservations

(b) Other Commission Agents' Services For Mode 1

(CPC 621) AT, BG, FR, PL, RO: Unbound for distribution of tobacco and tobacco products.

B.

Wholesale Trade Services IT: For wholesale trade services, state monopoly on tobacco.

(a) Wholesale Trade Services of motor vehicles, BG, FI, PL, RO: Unbound for distribution of alcoholic beverages.

motorcycles and snowmobiles and parts and

accessories thereof (part of CPC 61111, part SE: Unbound for retail of alcoholic beverages.

of CPC 6113 and part of CPC 6121) AT, BG, CZ, FI, RO, SK, SI: Unbound for distribution of pharmaceuticals.

(b) Wholesale Trade Services of BG, HU, PL: Unbound for commodity brokers' services.

telecommunication terminal equipment (part FR: For commission agents' services, unbound for traders and brokers working in 17 markets of

of CPC 7542) national interest on fresh food products. Unbound for wholesale of pharmaceuticals.

excluding wholesale trade services of energy BE, BG, CY, DE, DK, ES, FR, EL, IE, IT, LU, MT, NL, PL, PT, SK, UK: For retailing products 1 ) services, unbound except for mail order.

1 These services, which include CPC 62271, are to be found in ENERGY SERVICES under 14.D.

XXX 37

Sector or sub-sector Description of reservations

C.

Retailing Services 1
Retailing Services of motor vehicles, motorcycles and snowmobiles and parts and accessories thereof (CPC 61112, part of CPC 6113 and part of CPC 6121)

Retailing Services of telecommunication terminal equipment (part of CPC 7542)

Food retailing services (CPC 631)

Retailing services of other (non-energy) goods, except retail sales of pharmaceutical, medical and orthopaedic goods 2 (CPC 632 excluding CPC 63211 and 63297)

D.

Franchising (CPC 8929)

1 Does not include maintenance and repair services, which are to be found in BUSINESS SERVICES under 1.B. and 1.F.(l). Does not include retailing services of energy products which are to be found in ENERGY SERVICES under 14.E. and 14.F.

2 Retail sales of pharmaceutical, medical and orthopaedic goods are to be found under PROFESSIONAL SERVICES in 1.A.(k).

XXX 38 Sector or sub-sector Description of reservations

5.

EDUCATIONAL SERVICES (only privately-funded services)

A.

Primary Education Services (CPC 921) For Mode 1
BG, CY, FI, FR, HR, IT, MT, RO, SE, SI: Unbound.

For Mode 2

CY, FI, HR, MT, RO, SE, SI: Unbound.

B.

Secondary Education Services (CPC 922) For Mode 1
BG, CY, FI, FR, HR, IT, MT, RO, SE: Unbound.

For Mode 2

CY, FI, MT, RO, SE: Unbound.

For Modes 1 and 2

LV: Unbound for education services relating to technical and vocational secondary school-type

education services for handicapped students (CPC 9224).

XXX 39

Sector or sub-sector Description of reservations

C.

Higher Education Services (CPC 923) For Mode 1

AT, BG, CY, FI, MT, RO, SE: Unbound.

FR: Nationality condition. However, Singapore's nationals can have authorisation from competent authorities to establish and direct an education institution, and to teach.

IT: Nationality condition for service providers to be authorised to issue State recognized diplomas.

For Mode 2

AT, BG, CY, FI, MT, RO, SE: Unbound.

For Modes 1 and 2

CZ, SK: Unbound for higher education services, except post-secondary technical and vocational

education services (CPC 92310).

D.

Adult Education Services (CPC 924) For Modes 1 and 2
CY, FI, MT, RO, SE: Unbound.

For Mode 1

AT: Unbound for adult education services by means of radio or television broadcasting.

XXX 40

Sector or sub-sector Description of reservations

E.

Other education services (CPC 929) For Modes 1 and 2
AT, BE, BG, CY, DE, DK, ES, EE, FI, FR, EL, HU, IE, IT, LV, LT, LU, MT, NL, PL, PT, RO,

SI, SE, UK: Unbound.

For Mode 1

HR: None for correspondence education or education via telecommunications.

6.

ENVIRONMENTAL SERVICES For Mode 1

A.

Waste Water Services (CPC 9401) 1 EU: Unbound except for consulting services.

B.

Solid/hazardous waste management,
excluding cross-border transport of hazardous For Mode 2

waste None.

(a) Refuse Disposal Services (CPC 9402)

(b) Sanitation and Similar Services (CPC 9403)

C.

Protection of ambient air and climate
(CPC 9404) 2

1 Corresponds to sewage services.

2 Corresponds to cleaning services of exhaust gases.

XXX 41

Sector or sub-sector Description of reservations

D.

Remediation and clean-up of soil and waters

(a) Treatment, remediation of contaminated/polluted soil and water (part of CPC 94060) 1

E.

Noise and vibration abatement (CPC 9405)

F.

Protection of biodiversity and landscape

(a) Nature and landscape protection services (part of CPC 9406)

G.

Other environmental and ancillary services
(CPC 94090)

1 Corresponds to parts of nature and landscape protection services.

XXX 42 Sector or sub-sector Description of reservations

7.

FINANCIAL SERVICES

A.

Insurance and insurance-related services For Modes 1 and 2
AT, BE, CZ, DE, DK, ES, FI, FR, EL, HU, IE, IT, LU, NL, PL, PT, RO, SK, SE, SI, UK: Unbound for direct insurance services except for insurance of risks relating to:

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

(b) goods in international transit.

AT: Promotional activity and intermediation on behalf of a subsidiary not established in the Union or of a branch not established in Austria (except for reinsurance and retrocession) are prohibited. Compulsory air insurance, except for insurance of international commercial air transport, can be underwritten only by a subsidiary established in the Union or by a branch established in Austria. Higher premium tax is due for insurance contracts (except for contracts on reinsurance and retrocession) which are written by a subsidiary not established in the Union or by a branch not established in Austria. Exception from the higher premium tax can be granted.

XXX 43

Sector or sub-sector Description of reservations

DK: Compulsory air transport insurance can be underwritten only by firms established in the Union. No persons or companies (including insurance companies) may, for business purposes in Denmark, assist in effecting direct insurance for persons resident in Denmark, for Danish ships or for property in Denmark, other than insurance companies licensed by Danish law or by Danish competent authorities.

DE: Compulsory air insurance policies can be underwritten only by a subsidiary established in the Union or by a branch established in Germany. If a foreign insurance company has established a branch in Germany, it may conclude insurance contracts in Germany relating to international transport only through the branch established in Germany.

FR: Insurance of risks relating to ground transport may be underwritten only by insurance firms established in the Union.

PL: Unbound except for reinsurance, retrocession and insurance of goods in international trade.

PT: Air and maritime transport insurance, covering goods, aircraft, hull and liability, can be underwritten only by firms established in the Union. Only persons or companies established in the Union may act as intermediaries for such insurance business in Portugal.

RO: Reinsurance on international market is allowed only if the reinsured risk cannot be placed on the domestic market.

XXX 44 Sector or sub-sector Description of reservations

For Mode 1

AT, BE, CZ, DE, DK, ES, FI, FR, EL, HU, IE, IT, LU, NL, PT, RO, SK, SE, SI, UK: Unbound

for direct insurance intermediation services except for insurance of risks relating to:

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

(b) goods in international transit.

BG: Unbound for direct insurance, except for services supplied by foreign suppliers to foreign persons in the territory of Bulgaria. Transport insurance, covering goods, insurance of vehicles as such and liability insurance regarding risks located in Bulgaria may not be underwritten by foreign insurance companies directly. A foreign insurance company may conclude insurance contracts only through a branch in the Union. Unbound for deposit insurance and similar compensations schemes, as well as mandatory insurance schemes.

CY, LV, MT: Unbound for direct insurance services except for insurance of risks relating to:

(b) goods in international transit.

XXX 45 Sector or sub-sector Description of reservations

LT: Unbound for direct insurance services except for insurance of risks relating to:

(b) goods in international transit, except related to land transport where the risk is located in Lithuania.

LV, LT, PL, BG: Unbound for insurance intermediation.

FI: Only insurers having their head office in the Union or having their branch in Finland may offer direct insurance (including co-insurance) services. The supply of insurance broker services is subject to a permanent place of business in the Union.

HU: The supply of direct insurance in the territory of Hungary by insurance companies not established in the Union is allowed only through a branch office registered in Hungary.

IT: Unbound for the actuarial profession. Transport insurance of goods, insurance of vehicles as such and liability insurance regarding risks located in Italy may be underwritten only by insurance companies established in the Union. This reservation does not apply to international transport involving imports into Italy.

SE: The supply of direct insurance is allowed only through an insurance service supplier authorised in Sweden, provided that the foreign service supplier and the Swedish insurance company belong to the same group of companies or have an agreement of cooperation between them.

XXX 46 Sector or sub-sector Description of reservations

ES: For actuarial services, residency requirement and three-years relevant experience.

For Mode 2

AT, BE, BG, CZ, CY, DE, DK, ES, FI, FR, EL, HU, IE, IT, LU, MT, NL, PL, PT, RO, SK, SE, SI, UK: Unbound for intermediation.

BG: For direct insurance, Bulgarian natural and juridical persons, as well as foreign persons who conduct business activity in the territory of Bulgaria, can conclude insurance contracts only with suppliers which are licensed to conduct insurance activity in Bulgaria with respect to their activity in Bulgaria. Insurance compensation resulting from these contracts shall be paid in Bulgaria. Unbound for deposit insurance and similar compensations schemes, as well as mandatory insurance schemes.

HR: Unbound for direct insurance and direct insurance intermediation services, except

(a) life insurance: for the ability of foreign persons residing in Croatia to obtain life insurance;

(b) non-life insurance:

(i) for the ability of foreign persons residing in Croatia to obtain non-life insurance other than automobile liability;

XXX 47 Sector or sub-sector Description of reservations

(ii) – personal or property risk insurance that is not available in the Republic of Croatia;

– companies purchasing insurance abroad in connection with investment works abroad including the equipment for those works;

– for ensuring the return of foreign loans (collateral insurance);

– personal and property insurance of wholly-owned enterprises and joint ventures which perform an economic activity in a foreign country, if it is in accordance with the regulations of that country or it is required by its

registration;

– ships under construction and overhaul if it is stipulated by the contract concluded with the foreign client (buyer);

IT: Transport insurance of goods, insurance of vehicles as such and liability insurance regarding risks located in Italy may be underwritten only by insurance companies established in the Union. This reservation does not apply to international transport involving imports into Italy.

XXX 48 Sector or sub-sector Description of reservations

B.

Banking and other financial services For Mode 1
(excluding insurance) AT, BE, BG, CZ, DE, DK, ES, FI, FR, EL, HU, IE, IT, LU, NL, PL, PT, SK, SE, UK: Unbound

All sub-sectors indicated below except for provision of financial information and financial data processing and for advisory and other auxiliary services excluding intermediation.

BE: Establishment in Belgium is required for the provision of investment advisory services.

BG: Limitations and conditions relating to the use of telecommunications network may apply.

CY: Unbound except for trading of transferable securities, for provision of financial information

and financial data processing and for advisory and other auxiliary services excluding

intermediation.

EE: For acceptance of deposits, requirement of authorisation by the Estonian Financial Supervision Authority and registration under Estonian Law as a joint-stock company, a subsidiary or a branch.

EE: The establishment of a specialised management company is required to perform the activities of management of investment funds, and only firms having their registered office in the Union can act as depositories of the assets of investment funds.

HR: Unbound except for lending, financial leasing, payment and money transmission services, guarantees and commitments, money broking , provision and transfer of financial information and advisory and other auxiliary financial services, excluding intermediation.

XXX 49

Sector or sub-sector Description of reservations

LT: The establishment of a specialised management company is required to perform the activities of management of unit trusts and investment companies, and only firms having their registered office in the Union can act as depositories of the assets of investment funds.

IE: The provision of investment services or investment advice requires either (a) authorisation in

Ireland, which normally requires that the entity be incorporated or be a partnership or a sole

trader, in each case with a head/registered office in Ireland (authorisation may not be required in

certain cases, e.g. where a Singapore's service supplier has no commercial presence in Ireland

and the service is not provided for private individuals), or (b) authorisation in another

Member State of the Union in accordance with the Union directive on investment and services.

IT: Unbound for "promotori di servizi finanziari" (financial salesmen).

LV: Unbound except for participation in issue of all kinds of securities, for provision of financial information and financial data processing and for advisory and other auxiliary services excluding intermediation.

LT: Commercial presence is required for pension fund management.

MT: Unbound except for acceptance of deposits, for lending of all types, for provision of financial information and financial data processing and for advisory and other auxiliary services excluding intermediation.

XXX 50 Sector or sub-sector Description of reservations

PL: For the provision and transfer of financial information, and financial data processing and related software, requirement to use the public telecommunications network, or the network of other authorised operator.

RO: Unbound for financial leasing, for trading of money market instruments, foreign exchange, derivative products, exchange rate and interest rate instruments, transferable securities and other negotiable instruments and financial assets, for participation in issue of all kinds of securities, for asset management and for settlement and clearing services for financial assets. Payments and money transmission services are allowed only through a bank established in Romania.

SI:

(a) Participation in issue of Treasury bonds, pension fund management: Unbound.

(b) All other sub-sectors, except participation in issue of Treasury bonds, pension fund management, provision and transfer of financial information and advisory and other auxiliary financial services: Unbound except accepting credits (borrowing of all types), and accepting guarantees and commitments from foreign credit institutions by domestic legal entities and sole proprietors. Foreign persons can offer foreign securities only through domestic banks and stock broking company. Members of the Slovenian Stock Exchange must be incorporated in Slovenia or be branches of foreign investment firms or banks.

XXX 51 Sector or sub-sector Description of reservations

For Mode 2

BG: Limitations and conditions relating to the use of telecommunications network may apply.

8.

HEALTH SERVICES AND SOCIAL
SERVICES (only privately-funded services)

A.

Hospital Services (CPC 9311) For Mode 1

C.

Residential health facilities other than hospital AT, BE, BG, DE, CY, CZ, DK, ES, EE, FI, FR, EL, HR, IE, IT, LV, LT, MT, LU, NL, PL, PT, services (CPC 93193) RO, SI, SE, SK, UK: Unbound.
For Mode 2

None.

D.

Social Services For Mode 1
(CPC 933) AT, BE, BG, CY, CZ, DE, DK, EE, ES, EL, FI, FR, HR, HU, IE, IT, LU, MT, PL, PT, RO, SE, SI, SK, UK: Unbound.

For Mode 2

BE: Unbound except for convalescent and rest houses and old people's homes.

XXX 52

Sector or sub-sector Description of reservations

9.

TOURISM AND TRAVEL RELATED
SERVICES

A.

Hotel, Restaurants and Catering (CPC 641, For Mode 1
CPC 642 and CPC 643) AT, BE, BG, CY, CZ, DE, DK, ES, FR, EL, IE, IT, LV, LT, LU, MT, NL, PL, PT, RO, SK, SI,

excluding catering in air transport services SE, UK: Unbound except for catering.

HR: Unbound.

For Mode 2

None.

B.

Travel Agencies and Tour Operators Services For Mode 1
(including tour managers) (CPC 7471) BG, HU: Unbound.

For Mode 2

None.

C.

Tourist Guides Services (CPC 7472) For Mode 1
BG, CY, CZ, HU, IT, LT, MT, PL, SK, SI: Unbound.

For Mode 2

None.

XXX 53

Sector or sub-sector Description of reservations

10.

RECREATIONAL, CULTURAL AND
SPORTING SERVICES (other than audio-visual services)

A.

Entertainment Services (including Theatre, For Mode 1
Live Bands, Circus and Discotheque Services) BE, BG, CY, CZ, DE, DK, ES, EE, FI, FR, EL, HR, HU, IE, IT, LV, LT, LU, MT, NL, PL, PT,

(CPC 9619) RO, SK, SI, UK: Unbound.

For Mode 2

CY, CZ, FI, HR, MT, PL, RO, SK, SI: Unbound.

BG: Unbound, except for theatrical producer, singer group, band and orchestra entertainment services (CPC 96191); services provided by authors, composers, sculptors, entertainers and other individual artists (CPC 96192); and ancillary theatrical services (CPC 96193).

EE: Unbound for other entertainment services (CPC 96199) except for cinema theatre services.

LT, LV: Unbound except for cinema theatre operation services (part of CPC 96199).

B.

News and Press Agencies Services (CPC 962) For Mode 1
BG, CY, CZ, EE, HU, LT, MT, RO, PL, SI, SK: Unbound.

For Mode 2

BG, CY, CZ, HU, LT, MT, PL, RO, SI, SK: Unbound.

XXX 54

Sector or sub-sector Description of reservations

C.

Libraries, archives museums and other For Mode 1
cultural services (CPC 963) BE, BG, CY, CZ, DE, DK, ES, EE, FI, FR, EL, HR, HU, IE, IT, LT, LV, LU, MT, NL, PL, PT,

RO, SK, SI, SE, UK: Unbound.

For Mode 2

BE, BG, CY, CZ, DE, DK, ES, FI, FR, EL, HR, HU, IE, IT, LT, LV, LU, MT, NL, PL, PT, RO,

SK, SI, SE, UK: Unbound.

D.

Sporting services (CPC 9641) For Modes 1 and 2
AT: Unbound for ski school services and mountain guide services.

BG, CZ, HR, LV, MT, PL, RO, SK: Unbound.

For Mode 1

CY, EE: Unbound.

E.

Recreation park and beach Services For Modes 1 and 2
(CPC 96491) None.

XXX 55

Sector or sub-sector Description of reservations

11.

TRANSPORT SERVICES

A.

Maritime transport For Modes 1 and 2

(a) International passenger transportation None.

(CPC 7211 less national cabotage transport 1 ).

(b) International freight transportation (CPC 7212 less national cabotage transport 2 )

1 Without prejudice to the scope of activities which may be considered as cabotage under the relevant national legislation, this schedule does not include national cabotage transport, which is assumed to cover transportation of passengers or goods between a port or point located in a

Member State of the Union and another port or point located in the same Member State, including on its continental shelf as provided in the UN Convention on the Law of the Sea, and traffic originating and terminating in the same port or point located in a Member State of the Union.

2 Without prejudice to the scope of activities which may be considered as cabotage under the relevant national legislation, this schedule does not include national cabotage transport, which is assumed to cover transportation of passengers or goods between a port or point located in a

Member State of the Union and another port or point located in the same Member State, including on its continental shelf as provided in the UN

Convention on the Law of the Sea, and traffic originating and terminating in the same port or point located in a Member State of the Union.

XXX 56

Sector or sub-sector Description of reservations

B.

Internal Waterways Transport For Modes 1 and 2

(a) Passenger transportation (CPC 7221 less EU: Measures based upon existing or future agreements on access to inland waterways (incl. national cabotage transport 1 ) agreements following the Rhine-Main-Danube link) reserve some traffic rights to operators

(b) Freight transportation (CPC 7222 less national based in the countries concerned and meeting nationality criteria regarding ownership. Subject cabotage transport 2 ) to regulations implementing the Mannheim Convention on Rhine Shipping.

AT: Nationality condition in order to set up a shipping company by natural persons. In the case of establishment as a legal person, a nationality condition for the majority of managing directors, the managing board and the supervisory board. Registered company or permanent establishment in Austria is required. In addition, the majority of the business shares must be held by citizens of the Union.

BG, CY, CZ, EE, FI, HR, HU, LT, MT, RO, SE, SI, SK: Unbound.

XXX 57

Sector or sub-sector Description of reservations

C.

Rail Transport For Mode 1

(a) Passenger transportation (CPC 7111) EU: Unbound.

(b) Freight transportation (CPC 7112)

For Mode 2

None.

D.

Road Transport For Mode 1

(a) Passenger Transportation (CPC 7121 and EU: Unbound.

CPC 7122)

(b) Freight Transportation (CPC 7123, excluding For Mode 2

transportation of postal and courier items on

own account 1 ) None.

E.

Pipeline transport of goods other than fuel 2 For Mode 1:
(CPC 7139) EU: Unbound.

For Mode 2:

AT, BE, BG, CY, CZ, DE, DK, ES, EE, FI, FR, EL, IE, IT, LV, LU, MT, NL, PL, PT, RO, SK,

SI, SE, UK: Unbound.

1 Part of CPC 71235, which is to be found in COMMUNICATION SERVICES under 2.A. Postal and Courier Services.

2 Pipeline transportation of fuels is to be found in ENERGY SERVICES under 14.B.

XXX 58

Sector or sub-sector Description of reservations

12.

SERVICES AUXILIARY TO TRANSPORT 1

A.

Services auxiliary to Maritime Transport For Mode 1

(a) Storage and warehousing Services (part of EU: Unbound 4 for pushing and towing services.

CPC 742) AT, BG, CY, CZ, DE, EE, HU, LT, MT, PL, RO, SI, SK: Unbound for rental of vessels with

(b) Customs Clearance Services 2 crew. SE: None except for pushing/towing and rental of vessels with crew where SE has

1 Does not include maintenance and repair services of transport equipment, which are to be found in BUSINESS SERVICES under 1.F.(l)1 to

1.F.(l)4.

2 "Customs clearance services" mean the 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.

3 "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.

4 Unbound due to lack of technical feasibility.

XXX 59

Sector or sub-sector Description of reservations

(d) Maritime Agency Services 1 HR: Unbound except for freight transport agency services.

(e) Maritime freight forwarding Services 2

(f) Rental of Vessels with Crew (CPC 7213) For Mode 2

(g) Pushing and towing services (CPC 7214) None.

(h) Supporting services for maritime transport

(part of CPC 745)

(i) Other supporting and auxiliary services (part of CPC 749)

1 "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;

acting on behalf of the companies organising the call of the ship or taking over cargoes when required.

2 "Maritime 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.

XXX 60

Sector or sub-sector Description of reservations

B.

Services auxiliary to internal waterways For Modes 1 and 2
transport EU: Measures based upon existing or future agreements on access to inland waterways (incl.

(a) Cargo-handling services (part of CPC 741) agreements following the Rhine-Main-Danube link) reserve some traffic rights to operators

(b) Storage and warehouse services (part of based in the countries concerned and meeting nationality criteria regarding ownership. Subject CPC 742) to regulations implementing the Mannheim Convention on Rhine Shipping.

CPC 748) HR: Unbound.

(d) Rental of Vessels with Crew (CPC 7223)

(e) Pushing and towing services (CPC 7224) For Mode 1

(f) Supporting services for internal waterways AT, BG, CY, CZ, DE, EE, FI, HU, LV, LT, MT, RO, SK, SI: Unbound for rental of vessels transport (part of CPC 745) with crew. SE: None except for pushing/towing and rental of vessels with crew where SE has

(g) Other supporting and auxiliary services (part limitations on cabotage and flag.

of CPC 749)

XXX 61

Sector or sub-sector Description of reservations

C.

Services auxiliary to rail transport For Mode 1

(a) Cargo-handling services (part of CPC 741) EU: Unbound for pushing and towing services.

(b) Storage and warehouse services (part of HR: Unbound, except for freight transport agency services. CPC 742)

CPC 748) None.

(d) Pushing and towing services (CPC 7113)

(e) Supporting services for rail transport services

(CPC 743)

(f) Other supporting and auxiliary services (part of CPC 749)

XXX 62 Sector or sub-sector Description of reservations

D.

Services auxiliary to road transport For Mode 1

(a) Cargo-handling services (part of CPC 741) AT, BG, CY, CZ, EE, HU, LV, LT, MT, PL, RO, SK, SI, SE: Unbound for rental of commercial

(b) Storage and warehouse services (part of road vehicles with operators.

CPC 742) HR: Unbound except for freight transport agency services and supporting services for road

CPC 748)

(d) Rental of Commercial Road Vehicles with For Mode 2

Operators (CPC 7124) None.

(e) Supporting services for road transport

(CPC 744)

(f) Other supporting and auxiliary services (part of CPC 749)

XXX 63

Sector or sub-sector Description of reservations

F.

Services auxiliary to pipeline transport of For Mode 1
goods other than fuel 1 AT, BE, BG, CY, CZ, DE, DK, ES, FI, FR, EL, HR, IE, IT, LT, LU, MT, NL, PL, PT, RO, SK,

(a) Storage and warehouse services of goods SI, SE, UK: Unbound. other than fuel transported by pipelines (part

of CPC 742) For Mode 2

None.

13.

OTHER TRANSPORT SERVICES

Provision of Combined Transport Service All Member States except AT, BG, CY, CZ, EE, HR, HU, LT, LV, MT, PL, RO, SE, SI, SK: None, without prejudice to the limitations inscribed in this List of Commitments affecting any given mode of transport.

AT, BG, CY, CZ, EE, HR, HU, LT, LV, MT, PL, RO, SE, SI, SK: Unbound.

1 Services auxiliary to pipeline transportation of fuels are to be found in ENERGY SERVICES under 14.C.

XXX 64

Sector or sub-sector Description of reservations

14.

ENERGY SERVICES

A.

Services Incidental to Mining (CPC 883) 1 For Modes 1 and 2
None.

B.

Pipeline Transportation of fuels (CPC 7131) For Mode 1
EU: Unbound.

For Mode 2

AT, BE, BG, CY, CZ, DE, DK, ES, EE, FI, FR, EL, IE, IT, LV, LU, MT, NL, PL, PT, RO, SK,

SI, SE, UK: Unbound.

1 Includes the following services rendered on a fee or contract basis: advisory and consulting services relating to mining, on-land site preparation, on-land rig installation, drilling, drilling bits services, casing and tubular services, mud engineering and supply, solids control, fishing and

downhole special operations, wellsite geology and drilling control, core taking, well testing, wireline services, supply and operation of completion fluids (brines) supply and installation of completion devices, cementing (pressure pumping), stimulation services (fracturing, acidising and pressure pumping), workover and well repair services and plugging and abandoning of wells. Does not include direct access to or exploitation of natural resources. Does not include site preparation work for mining of resources other than oil and gas (CPC 5115), which is to be found under 3. CONSTRUCTION AND RELATED ENGINEERING SERVICES.

XXX 65

Sector or sub-sector Description of reservations

C.

Storage and warehouse services of fuels For Mode 1
transported through pipelines (part of AT, BE, BG, CY, CZ, DE, DK, ES, FI, FR, EL, HR, IE, IT, LT, LU, MT, NL, PL, PT, RO, SK,

CPC 742) SI, SE, UK: Unbound.

For Mode 2

None.

D.

Wholesale trade services of solid, liquid and For Mode 1
gaseous fuels and related products (CPC EU: Unbound for wholesale trade services of electricity, steam and hot water.

62271)

and wholesale trade services of electricity,

steam and hot water For Mode 2 None.

E.

Retailing Services of motor fuel (CPC 613) For Mode 1
EU: Unbound.

For Mode 2

None.

XXX 66

Sector or sub-sector Description of reservations

F.

Retail sales of fuel oil, bottled gas, coal and For Mode 1
wood (CPC 63297) EU: Unbound for retailing services of electricity, (non-bottled) gas, steam and hot water. and retailing services of electricity, BE, BG, CY, CZ, DE, DK, ES, FR, EL, IE, IT, LU, MT, NL, PL, PT, SK, UK: For Retail sales (non-bottled) gas, steam and hot water of fuel oil, bottled gas, coal and wood, unbound except for mail order (none for mail order).

For Mode 2

None.

G.

Services incidental to energy distribution For Mode 1
(CPC 887) EU: Unbound except for consultancy services (none for consultancy services).

For Mode 2

None.

15.

OTHER SERVICES NOT INCLUDED
ELSEWHERE

(a) Washing, Cleaning and Dyeing services For Mode 1

(CPC 9701) EU: Unbound.

For Mode 2

None.

XXX 67

Sector or sub-sector Description of reservations

(b) Hairdressing services (CPC 97021) For Mode 1

EU: Unbound.

For Mode 2

None.

pedicuring services (CPC 97022) EU: Unbound.

For Mode 2

None.

(d) Other beauty treatment services n.e.c For Mode 1

(CPC 97029) EU: Unbound.

For Mode 2

None.

XXX 68 Sector or sub-sector Description of reservations

(e) Spa services and non therapeutical massages, For Mode 1

to the extent that they are provided as EU: Unbound.

relaxation physical well-being services and not for medical or rehabilitation purposes 1

(CPC ver. 1.0 97230) For Mode 2

None.

(f) Telecommunications connection services For Modes 1 and 2

(CPC 7543) None.

1 Therapeutical massages and thermal cure services are to be found under 1.A.(h) Medical and Dental services, 1.A.(j)2. Services provided by Nurses, Physiotherapists and Paramedical Personnel, and Health Services (8.A and 8.C).

XXX 69 Appendix 8-A-2

UNION

SCHEDULE OF SPECIFIC COMMITMENTS IN CONFORMITY WITH ARTICLE 8.12

(SCHEDULE OF SPECIFIC COMMITMENTS)

(ESTABLISHMENT)

1.

The list of commitments below indicates the economic activities liberalised pursuant to
Article 8.12 (Schedule of Specific Commitments) and, by means of reservations, the market

access and national treatment limitations that apply to establishments and entrepreneurs of

Singapore in those activities. The list below is composed of the following elements:

(a) the first column indicating the sector or sub-sector in which the commitment is

undertaken by the Union, and the scope of liberalisation to which the reservations

apply; and

(b) the second column describing the applicable reservations.

Establishment in sectors or sub-sectors covered by this Agreement and not mentioned in the

list below is not committed.

XXX 70

2.

In identifying individual sectors and sub-sectors:
(a) "ISIC rev 3.1" means the International Standard Industrial Classification of all

Economic Activities as set out in Statistical Office of the United Nations, Statistical

Papers, Series M, N° 4, ISIC REV 3.1, 2002;

(b) "CPC" means the Central Products Classification as referred to in footnote 23 to

Article 8.21 (Computer Services); and

(c) "CPC ver. 1.0" means the Central Products Classification as set out in Statistical Office

of the United Nations, Statistical Papers, Series M, N° 77, CPC ver 1.0, 1998.

3.

The list below does not include measures relating to qualification requirements and
procedures, technical standards and licensing requirements and procedures when they do not

constitute a market access or a national treatment limitation within the meaning of

Articles 8.10 (Market Access) and 8.11 (National Treatment). Those measures (e.g. need to

obtain a license, universal service obligations, need to obtain recognition of qualifications in

regulated sectors, need to pass specific examinations, including language examinations, and

non-discriminatory requirement that certain activities may not be carried out in environmental

protected zones or areas of particular historic and artistic interest), even if not listed, apply in

any case to establishments and entrepreneurs of Singapore.

4.

In accordance with paragraph 2(a) of Article 8.1 (Objective and Scope), the list below does
not include measures concerning subsidies granted by a Party.

XXX 71

5.

Notwithstanding Article 8.10 (Market Access), non-discriminatory requirements as regards
the type of legal form of an establishment do not need to be specified in the below list of

commitments on establishment in order to be maintained or adopted by the Union.

6.

The rights and obligations arising from the list below shall have no self-executing effect and
thus confer no rights directly on natural or juridical persons.

7.

The term "investor" mentioned in this schedule of commitments shall be understood as the
term of "entrepreneur" defined in paragraph (c) of Article 8.8 (Definitions).

8.

Where the Union maintains a reservation that requires that a service supplier be a citizen,
national, permanent resident or resident of its territory as a condition to the supply of a service

in its territory, a reservation listed in the list of commitments in Appendix 8-A-3 pursuant to

Article 8.13 (Scope and Definitions) with respect to temporary movement of natural persons

shall operate as a reservation with respect to the commitments on establishment taken in this

Appendix in conformity with Article 8.12 (Schedule of Specific Commitments), to the extent

applicable.

9.

The following abbreviations are used in the list below:
AT Austria

BE Belgium

BG Bulgaria

CY Cyprus

CZ Czech Republic

XXX 72

DE Germany

DK Denmark

EU European Union, including all its Member States

ES Spain

EE Estonia

FI Finland

FR France

EL Greece

HR Croatia

HU Hungary

IE Ireland

IT Italy

LV Latvia

LT Lithuania

LU Luxembourg

MT Malta

NL Netherlands

PL Poland

PT Portugal

RO Romania

SK Slovakia

SI Slovenia

SE Sweden

UK United Kingdom

XXX 73 Sector or sub-sector Description of reservations

ALL SECTORS Real estate

All Member States except AT, BG, CY, CZ, DK, EE, EL, FI, HR, HU, IE, IT, LV, LT, MT, PL, RO, SI, SK: None

BG: Foreign natural and juridical persons (incl. through a branch) cannot acquire ownership of land. Bulgarian juridical persons with foreign participation cannot acquire ownership of agricultural land.

Foreign juridical persons and foreign citizens with permanent residence abroad can acquire ownership of buildings and limited property rights 1 of real estate subject to the permission of the Ministry of Finance. The permission requirement does not apply to persons who have made investments in Bulgaria.

1 The Bulgarian property law recognizes the following limited property rights: right to use, right to build, right to raise a superstructure and servitudes.

XXX 74

Sector or sub-sector Description of reservations

CY: Unbound.

DK: Limitations on real estate purchase by non-resident physical and legal entities. Limitations on agricultural estate purchased by foreign physical and legal entities.

EE: Unbound for acquisition of agricultural and forest land. 1

1 As regards services sectors, these limitations do not go beyond the limitations reflected in the existing GATS commitments.

XXX 75

Sector or sub-sector Description of reservations

HR: Unbound in relation to acquisition of real estate by services suppliers not established and incorporated in Croatia. Acquisition of real estate necessary for the supply of services by companies established and incorporated in Croatia as legal persons is allowed. Acquisition of real estate necessary for the supply of services by branches requires the approval of the Ministry of Justice. Agricultural land can be acquired by foreigner juridical or natural persons.

HU: Limitations on acquisition of land and real estate by foreign investors. 1

IE: Prior written consent of the Land Commission is necessary for the acquisition of any interest

in Irish land by domestic or foreign companies or foreign nationals. Where such land is for

industrial use (other than agricultural industry), this requirement is waived subject to

certification to this effect from the Minister for Enterprise, Trade and Employment. This law

does not apply to land within the boundaries of cities and towns.

IT: The purchase of real estate by foreign natural and juridical persons is subject to a condition of reciprocity.

LV: Unbound in relation to acquisition of land; land lease not exceeding 99 years permitted.

LT: Unbound for acquisition of land. 2

1 As regards services sectors, these limitations do not go beyond the limitations reflected in the existing GATS commitments.

2 As regards services sectors, these limitations do not go beyond the limitations reflected in the existing GATS commitments.

XXX 76

Sector or sub-sector Description of reservations

MT: The requirements of Maltese legislation and regulations regarding acquisition of real property shall continue to apply.

SI: Juridical persons, established in Slovenia with foreign capital participation, may acquire real

estate in the territory of Slovenia. Branches 1 established in Slovenia by foreign persons may

only acquire real estate, except land, necessary for the conduct of the economic activities for

which they are established.

SK: Limitations on real estate acquisition by foreign physical and legal entities. Foreign entities may acquire real property through establishment of Slovak legal entities or participation in joint

ventures. Unbound for land.

XXX 77

Sector or sub-sector Description of reservations

ALL SECTORS Managing directors and auditors

AT: Managing directors of branches of juridical persons have to be resident in Austria. Natural persons within a juridical person or a branch responsible for the observance of the Austrian Trade Act must have a domicile in Austria.

FI: A foreigner carrying on trade as a private entrepreneur needs a trade permit and has to be permanently resident in the Union. For all sectors, except telecommunications services, nationality conditions and residency requirements apply for the managing director of a limited company. For telecommunications services, permanent residency for the managing director.

FR: The managing director of an industrial, commercial or artisanal activity, if not a holder of a

residency permit, needs a specific authorisation.

RO: The majority of the commercial companies' auditors and their deputies shall be Romanian citizens.

SE: The managing director of a juridical person or a branch shall reside in Sweden.

XXX 78

Sector or sub-sector Description of reservations

ALL SECTORS Public utilities

EU: Economic activities considered as public utilities at a national or local level may be subject

to public monopolies or to exclusive rights granted to private operators. 1 2

ALL SECTORS Types of establishment

EU: Treatment accorded to subsidiaries (of Singapore's companies) formed in accordance with the law of the Member States of the Union and having their registered office, central administration or principal place of business within the Union is not extended to branches or agencies established in the Member States of the Union by Singapore's companies. 3

1 Given that public utilities often also exist at the sub-central level, detailed and exhaustive sector-specific listing is not practical. To facilitate comprehension, specific footnotes in this list of commitments will indicate in an illustrative and non-exhaustive way those sectors where public utilities play a major role.

2 This limitation does not apply to telecommunications services and to computer and related services.

3 In accordance with Article 54 of the Treaty on the Functioning of the European Union, these subsidiaries are considered as juridical persons of the Union. To the extent that they have a continuous and effective link with the economy of the European Union, they are beneficiaries of the Union's internal market, which includes, inter alia, the freedom to establish and to provide services in all Member States of the Union.

XXX 79

Sector or sub-sector Description of reservations

BG: Establishment of branches is subject to authorisation.

EE: At least half of the members of the management board shall have their residence in the Union.

FI: A Singaporean carrying on trade as a partner in a Finnish limited or general partnership needs a trade permit and has to be permanently resident in the Union. For all sectors except telecommunications services, nationality and residency are required for at least half of the ordinary and deputy members of the board of directors; however exemptions may be granted to certain companies. For telecommunications services, permanent residency is required for half of the founders and half of the members of the board of directors. If the founder is a juridical person, that juridical person is also subject to a residency requirement. If a Singaporean organisation intends to carry on business or trade by establishing a branch in Finland, a trade permit is required. A permission to act as a founder of a limited company is required for a Singaporean organisation or a natural person who is not a citizen of the Union.

IT: Access to industrial, commercial and artisanal activities is subject to a residence permit and specific authorisation to pursue the activities.

XXX 80 Sector or sub-sector Description of reservations

BG, PL: The scope of operations of a representative office may only encompass advertising and

promotion of the foreign parent company represented by the office.

PL: With the exception of financial services, unbound for branches. Singaporean investors can undertake and conduct economic activity only in the form of a limited partnership, limited jointstock partnership, limited liability company, and joint-stock company (in the case of legal services only in the form of registered partnership and limited partnership).

RO: The sole administrator or the chairman of the board of administration as well as half of the total number of administrators of the commercial companies shall be Romanian citizens unless otherwise stipulated in the company contract or its statutes. The majority of the commercial companies' auditors and their deputies shall be Romanian citizens.

XXX 81 Sector or sub-sector Description of reservations

SE: A Singaporean company (which has not established a legal entity in Sweden) shall conduct its commercial operations through a branch, established in Sweden with independent management and separate accounts. Building projects with a duration of less than a year are exempted from the requirements of establishing a branch or appointing a resident representative. A limited liability company (joint stock company) may be established by one or several founders. The founder or founders shall either reside in Sweden or be a Swedish legal entity. A partnership can only be a founding party if each partner resides in Sweden. Corresponding conditions apply to establishment of all other types of legal entities. At least 50 per cent of the members of the board shall reside in Sweden. Foreign or Swedish citizens not residing in Sweden, who wishes to conduct commercial operations in Sweden, shall appoint, and register with the local authority, a resident representative responsible for such activities. Residency condition might be waived if it can be proved that they are not necessary in a given case.

SK: A Singaporean natural person whose name is to be registered in the Commercial Register as

a person authorised to act on behalf of the entrepreneur is required to submit residence permit

for Slovakia.

XXX 82 Sector or sub-sector Description of reservations

ALL SECTORS Investment

DK: The establishment of branches by foreign companies outside the Union depend on whether the relevant country has agreed in an international agreement. Retail planning in Denmark is regulated by the Planning Act and has criteria for size and location of stores for retail business. Regulations of size and location are only based on environmental matters. Therefore foreign business of retail does not need a special authorisation or permit before investment in Demark.

ES: Investment in Spain by foreign governments and foreign public entities 1 , directly or through

companies or other entities controlled directly or indirectly by foreign governments, needs prior

authorisation by the government.

BG: In enterprises where the public (State or municipal) share in the equity capital exceeds 30 per cent, the transfer of these shares to third parties needs authorisation. Certain economic activities related to the exploitation or use of State or public property are subject to concessions granted under the provisions of the Concessions Act. Foreign investors cannot participate in privatisation. Foreign investors and Bulgarian juridical persons with controlling Singaporean participation require permission for:

1 Such investment tends to imply not only economic interests, but also non-economic interests for these entities.

XXX 83

Sector or sub-sector Description of reservations

(a) prospecting, development or extraction of natural resources from the territorial seas, the continental shelf or the exclusive economic zone; and

(b)– acquisition of a controlling equity interests in companies engaged in any of the activities specified under (a).

FR: Singaporean purchases exceeding 33.33 per cent of the shares of capital or voting rights in existing French enterprises, or 20 per cent in publicly quoted French companies, are subject to the following regulations:

– investments of less than 7.6 million euros in French enterprises with a turnover not exceeding 76 million euros are free, after a delay of 15 days following prior notification and verification that these amounts are met;

– after a period of one month following prior notification, authorisation is tacitly granted for other investments unless the Minister of Economic Affairs has, in exceptional

circumstances, exercised its right to postpone the investment.

Foreign participation in newly privatised companies may be limited to a variable amount, determined by the government of France on a case by case basis, of the equity offered to the public. For establishing in certain commercial, industrial or artisanal activities, a specific authorisation is needed if the managing director is not a holder of a permanent residence permit.

XXX 84 Sector or sub-sector Description of reservations

FI: Acquisition of shares by Singaporean owners giving more than one third of the voting rights of a major Finnish company or a major business undertaking (with more than 1000 employees, with a turnover exceeding 168 million euros or with a balance sheet total 1 exceeding 168 million euros) is subject to confirmation by the Finnish authorities. This confirmation may be denied only if an important national interest would be jeopardized. These limitations do not apply to telecommunications services.

HU: Unbound for Singaporean participation in newly privatised companies.

IT: Exclusive rights may be granted to or maintained in respect of newly-privatised companies. Voting rights in newly privatised companies may be restricted in some cases. For a period of five years from the date of entry into force of this Agreement, the acquisition of large equity stakes of companies operating in the fields of defence, transport services, telecommunications and energy may be subject to the approval of the competent authorities.

ALL SECTORS Geographical zones

FI: In the Åland Islands, limitations on the right of establishment by natural persons who do not enjoy regional citizenship in Åland or by any juridical person without permission by the competent authorities of the Åland Islands.

1 Total sum of assets, or total sum of debts plus capital.

XXX 85

Sector or sub-sector Description of reservations

1.

AGRICULTURE, HUNTING, FORESTRY

A.

Agriculture, hunting (ISIC rev 3.1: 011, 012, AT, HR, HU, MT, RO, SI: Unbound for agricultural activities.
013, 014, 015) excluding advisory and CY: The participation of Singaporean investors is allowed only up to 49 per cent.

consultancy services 1 FR: The establishment of agricultural enterprises by Singaporean nationals and the acquisition

of vineyards by Singaporean investors are subject to authorisation.

IE: Establishment by Singaporean residents in flour milling activities is subject to authorisation.

B.

Forestry and logging (ISIC rev 3.1: 020) BG: Unbound for logging activities. excluding advisory and consultancy services 2

2.

Fishing and aquaculture (ISIC rev.3.1: 0501, Unbound.
0502) excluding advisory and consultancy services 3

1 Advisory and consultancy services related to agriculture, hunting, forestry and fishing are to be found in BUSINESS SERVICES under 6.F.(f) and 6.F.(g).

2 Advisory and consultancy services related to agriculture, hunting, forestry and fishing are to be found in BUSINESS SERVICES under 6.F.(f) and 6.F.(g).

3 Advisory and consultancy services related to agriculture, hunting, forestry and fishing are to be found in BUSINESS SERVICES under 6.F.(f) and 6.F.(g).

XXX 86

Sector or sub-sector Description of reservations

3.

Mining and quarrying 1 EU: Unbound for juridical persons controlled 3 by natural or juridical persons of a non-Union

A.

Mining of coal and lignite; extraction of peat country which accounts for more than 5 per cent of the Union's oil or natural gas imports.
(ISIC rev 3.1: 10) Unbound for direct branching (incorporation is required). Unbound for extraction of crude

B.

Extraction of crude petroleum and natural petroleum and natural gas.
gas 2 (ISIC rev 3.1: 1110)

C.

Mining of metal ores (ISIC rev 3.1: 13)

D.

Other mining and quarrying (ISIC rev 3.1: 14)

1 The horizontal limitation on public utilities applies.

2 Does not include services incidental to mining rendered on a fee or contract basis at oil and gas fields which are to be found in ENERGY

SERVICES under 19.A.

3 A juridical person is controlled by other natural or juridical person(s) if the latter has/have the power to name a majority of its directors or otherwise legally direct its actions. In particular, ownership of more than 50 per cent of the equity interests in a juridical person shall be deemed to constitute control.

XXX 87

Sector or sub-sector Description of reservations

4.

Manufacturing 1

A.

Manufacture of food products and beverages None
(ISIC rev 3.1: 15)

B.

Manufacture of tobacco products (ISIC rev None
3.1: 16)

C.

Manufacture of textiles (ISIC rev 3.1: 17) None

D.

Manufacture of wearing apparel; dressing and None dyeing of fur (ISIC rev 3.1: 18)

E.

Tanning and dressing of leather; manufacture None of luggage, handbags, saddlery, harness and
footwear (ISIC rev 3.1: 19)

F.

Manufacture of wood and of products of None wood and cork, except furniture; manufacture
of articles of straw and plaiting materials (ISIC rev 3.1: 20)

1 This sector does not include advisory services incidental to manufacturing, which are to be found in BUSINESS SERVICES under 6.F.(h).

XXX 88 Sector or sub-sector Description of reservations

G.

Manufacture of paper and paper products None.
(ISIC rev 3.1: 21)

H.

Publishing, printing and reproduction of IT: Nationality condition for owner of publishing and printing company
recorded media 1 (ISIC rev 3.1: 22, excluding HR: Residence requirement.

publishing and printing on a fee or contract basis 2 )

I.

Manufacture of coke oven products None.
(ISIC rev 3.1: 231)

1 The sector is limited to manufacturing activities. It does not include activities which are audiovisual-related or present a cultural content. 2 Publishing and printing on a fee or contract basis is to be found in BUSINESS SERVICES under 6.F.(p).

XXX 89 Sector or sub-sector Description of reservations

J.

Manufacture of refined petroleum products 1 EU: Unbound for juridical persons controlled 2 by natural or juridical persons of a non-Union (ISIC rev 3.1: 232) country which accounts for more than 5 per cent of the Union's oil or natural gas imports.
Unbound for direct branching (incorporation is required).

K.

Manufacture of chemicals and chemical None. products other than explosives (ISIC rev 3.1:
24 excluding manufacturing of explosives)

L.

Manufacture of rubber and plastics products None.
(ISIC rev 3.1: 25)

M.

Manufacture of other non-metallic mineral None. products (ISIC rev 3.1: 26)

N.

Manufacture of basic metals (ISIC rev 3.1: None.
27)

1 The horizontal limitation on public utilities applies.

2 A juridical person is controlled by other natural or juridical person(s) if the latter has/have the power to name a majority of its directors or otherwise legally direct its actions. In particular, ownership of more than 50 per cent of the equity interests in a juridical person shall be deemed to constitute control.

XXX 90

Sector or sub-sector Description of reservations

O.

Manufacture of fabricated metal products, None. except machinery and equipment (ISIC rev
3.1: 28)

P.

Manufacture of machinery

(a) Manufacture of general purpose machinery None.

(ISIC rev 3.1: 291)

(b) Manufacture of special purpose machinery None. other than weapons and munitions (ISIC rev

3.1: 2921, 2922, 2923, 2924, 2925, 2926, 2929)

(ISIC rev 3.1: 293)

(d) Manufacture of office, accounting and None. computing machinery (ISIC rev 3.1: 30)

XXX 91 Sector or sub-sector Description of reservations

(e) Manufacture of electrical machinery and None. apparatus n.e.c. (ISIC rev 3.1: 31)

(f) Manufacture of radio, television and None. communication equipment and apparatus

(ISIC rev 3.1: 32)

Q.

Manufacture of medical, precision and optical None. instruments, watches and clocks (ISIC rev 3.1:
33)

R.

Manufacture of motor vehicles, trailers and None. semi-trailers (ISIC rev 3.1: 34)

S.

Manufacture of other (non-military) transport None. equipment (ISIC rev 3.1: 35 excluding
manufacturing of warships, warplanes and other transport equipment for military use)

XXX 92 Sector or sub-sector Description of reservations

T.

Manufacture of furniture; manufacturing None. n.e.c. (ISIC rev 3.1: 361, 369)

U.

Recycling (ISIC rev 3.1: 37) None.

5.

PRODUCTION; TRANSMISSION AND
DISTRIBUTION ON OWN ACCOUNT OF ELECTRICITY, GAS, STEAM AND HOT WATER 1 (excluding nuclear based electricity generation)

A.

Production of electricity; transmission and EU: Unbound. distribution of electricity on own account (part
of ISIC rev 3.1: 4010) 2

1 The horizontal limitation on public utilities applies.

2 Does not include operation of electricity transmission and distribution systems on a fee or contract basis, which are to be found in ENERGY SERVICES.

XXX 93 Sector or sub-sector Description of reservations

B.

Manufacture of gas; distribution of gaseous EU: Unbound. fuels through mains on own account (part of
ISIC rev 3.1: 4020) 1

C.

Production of steam and hot water; EU: Unbound for juridical persons controlled 3 by natural or juridical persons of a non- Union distribution of steam and hot water on own country which accounts for more than 5 per cent of the Union's oil or natural gas imports.
account (part of ISIC rev 3.1: 4030) 2 Unbound for direct branching (incorporation is required).

6.

BUSINESS SERVICES

A.

Professional Services

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

2 Does not include transmission and distribution of steam and hot water on a fee or contract basis and sales of steam and hot water, which are to be found in ENERGY SERVICES.

XXX 94

Sector or sub-sector Description of reservations

(a) Legal Services 1 (CPC 861) 2 AT: Singaporean lawyers' (who must be fully qualified in Singapore) equity participation and shares in the operating results of any law firm may not exceed 25 per cent. They may not have decisive influence in decision making.

1 Due to the gradual liberalisation process of Singapore's legal services market, Singapore cannot yet commit to further market access in this sector. The Parties will, with a view to granting further market access, review their commitments in legal services no later than two years after entry into force of this Agreement. The Parties may, by decisions in the Committee on Services, Investment and Government Procurement established pursuant to Article 16.2 (Specialised Committees) amend either Party's schedules in this respect.

2 Includes legal advisory services, legal representational services, legal arbitration and conciliation/mediation services, and legal documentation and certification services. Provision of legal services is only authorised in respect of public international law, Union law and the law of any

jurisdiction where the service supplier or its personnel is qualified to practice as a lawyer, and, like the provision of other services, is subject to licensing requirements and procedures applicable in the Member States of the Union. For lawyers providing legal services in respect of public international law and foreign law, these licensing requirements and procedures may take, inter alia, the form of compliance with local codes of ethics, use of home title (unless recognition with the host title has been obtained), insurance requirements, simple registration with the host country Bar or a simplified admission to the host country Bar through an aptitude test and a legal or professional domicile in the host country. Legal services in respect of Union law shall in principle be carried out by or through a fully qualified lawyer admitted to the Bar in a Member State of the Union acting personally, and legal services in respect of the law of a Member State of the Union shall in principle be carried out by or through a fully qualified lawyer admitted to the Bar in that Member State acting personally. Full admission to the Bar in the relevant Member State of the Union might therefore be necessary for representation before courts and other competent authorities in the Union since it involves practice of Union and national procedural law. However, in some Member States, foreign lawyers not fully admitted to the Bar are allowed to represent in civil proceedings a party being a national of or belonging to the State in which the lawyer is entitled to practice.

XXX 95

Sector or sub-sector Description of reservations

excluding legal advisory and legal BE: Quotas apply for representation before the "Cour de cassation" in non-criminal cases

documentations and certification services FR: Lawyers' access to the profession of "avocat auprès de la Cour de Cassation" and "avocat provided by legal professionals entrusted with auprès du Conseil d'Etat" is subject to quotas.

public functions, such as notaries, "huissiers

de justice" or other "officiers publics et DK: Only lawyers with a Danish license to practice and law firms registered in Denmark may

ministériels". own shares in a Danish law firm. Only lawyers with a Danish license to practise may sit on the board or be part of the management of a Danish law firm. Requirement of a Danish legal

examination in order to obtain a Danish licence.

FR: Some types of legal form ("association d'avocats" and "société en participation d'avocat")

are reserved to lawyers fully admitted to the Bar in France. In a law firm providing services in

respect of French or Union law, at least 75 per cent of the partners holding 75 per cent of the

shares shall be lawyers fully admitted to the Bar in France.

HR:. Representation of parties before courts can be practised only by the members of the Bar Council of Croatia (Croatian title "odvjetnici"). Citizenship requirement for membership in the Bar Council.

HU: Commercial presence should take the form of partnership with a Hungarian barrister (ügyvéd) or a barrister's office (ügyvédi iroda), or a representative office.

XXX 96 Sector or sub-sector Description of reservations

PL: While other types of legal form are available for Union lawyers, foreign lawyers only have access to the legal forms of registered partnership and limited partnership.

(b) 1. Accounting and Bookkeeping Services AT: Singaporean accountants' (who must be authorised according to the law of Singapore)

(CPC 86212 other than "auditing services", equity participation and shares in the operating results of any Austrian legal entity may not CPC 86213, CPC 86219 and CPC 86220) exceed 25 per cent, if they are not members of the Austrian Professional Body.

CY: Access is subject to an economic needs test. Main criteria: the employment situation in the sub-sector.

DK: In order to enter into partnerships with Danish authorised accountants, foreign accountants

have to obtain permission from the Danish Commerce and Companies Agency.

(b) 2. Auditing services (CPC 86211 and 86212 AT: Singaporean auditors' (who must be authorised according to the law of Singapore) equity other than accounting services) participation and shares in the operating results of any Austrian legal entity may not exceed 25 per cent, if they are not members of the Austrian Professional Body.

CY: Access is subject to an economic needs test. Main criteria: the employment situation in the sub-sector.

CZ and SK: At least 60 per cent of capital share or voting rights are reserved to nationals.

DK: In order to enter into partnerships with Danish authorised accountants, foreign accountants

have to obtain permission from the Danish Commerce and Companies Agency.

XXX 97

Sector or sub-sector Description of reservations

HR: None, except that auditing can be performed only by legal persons.

LV: In a commercial company of sworn auditors more than 50 per cent of the voting capital shares shall be owned by sworn auditors or commercial companies of sworn auditors of the Union.

LT: Not less than 75 per cent of shares should belong to auditors or auditing companies of the Union.

SE: Only auditors approved in Sweden may perform legal auditing services in certain legal entities, inter alia, in all limited companies. Only such persons may be shareholders or form partnerships in companies which practice qualified auditing (for official purposes). The titles of "approved auditor" and "authorised auditor" may only be used by auditors approved or authorised in Sweden and auditors of co-operative economic associations and certain other enterprises who are not certified or approved accountants must be resident within the European Economic Area, unless the Government or a Government authority appointed by the Government in a separate case allows otherwise. Residency required for approval.

XXX 98 Sector or sub-sector Description of reservations

(c) Taxation Advisory Services (CPC 863) 1 AT: Singaporean tax advisors' (who must be authorised according to the law of Singapore) equity participation and shares in the operating results of any Austrian legal entity may not exceed 25 per cent. This limitation applies only to non-members of the Austrian Professional Body.

CY: Access is subject to an economic needs test. Main criteria: the employment situation in the

sub-sector.

(d) Architectural services BG: For projects of national or regional significance, Singaporean investors have to act in

and partnership with or, as subcontractors of, local investors.

(e) Urban planning and landscape architectural LV: For architectural services, in order to receive a licence enabling to engage in business services (CPC 8671 and CPC 8674) activity with full range of legal responsibility and rights to sign a project, practice of 3 years in

Latvia in the field of projecting and university degree is required.

FR: Provision through SEL (anonyme, à responsabilité limitée ou en commandite par actions) or SCP only.

1 Does not include legal advisory and legal representational services on tax matters, which are to be found under 1.A.(a) Legal Services.

XXX 99

Sector or sub-sector Description of reservations

(f) Engineering services BG: For projects of national or regional significance, Singaporean investors have to act in

and partnership with or, as subcontractors of, local investors.

(g) Integrated engineering services (CPC 8672 and CPC 8673)

(h) Medical (including psychologists) and Dental CY, EE, FI, MT: Unbound.

services (CPC 9312 and part of CPC 85201) AT: Unbound except for dental services and for psychologists and psychotherapists, and none

for dental services and for psychologists and psychotherapists.

DE: An economic needs test when medical doctors and dentists are authorised to treat members of public insurance schemes. Main criteria: shortage of doctors and dentists in the given region.

FR: While other types of legal form are available for investors of the Union, Singaporean investors only have access to the legal forms of "société d'exercice liberal" and "société civile professionnelle".

HR: All persons providing services directly to patients/treating patients need a licence from the professional chamber.

LV: Economic needs test. Main criteria: shortage of doctors and dentists in the given region.

XXX 100

Sector or sub-sector Description of reservations

BG, LT: The supply of service is subject to authorisation which is based on a health services plan established in function of needs, taking into account population and existing medical and dental services.

SI: Unbound for social medicine, sanitary, epidemiological, medical/ecological services; the supply of blood, blood preparations and transplants; and autopsy.

UK: Establishment for doctors under the National Health Service is subject to medical manpower planning.

(i) Veterinary services (CPC 932) AT, CY, EE, MT, SI: Unbound.

BG: Economic needs test. Main criteria: population and density of existing business.

HU: Economic needs test. Main criteria: labour market conditions in the sector.

FR: Provision through "société d'exercice libérale" or "société civile professionnelle" only.

PL: Foreign persons may apply for permission to practice.

XXX 101 Sector or sub-sector Description of reservations

(j) 1. Midwives services (part of CPC 93191) BG, CZ, FI, HU, MT, SI, SK: Unbound.

LT: An economic needs test may be applied. Main criteria: employment situation in the subsector.

HR: All persons providing services directly to patients/treating patients need a licence from the

professional chamber.

(j) 2. Services provided by Nurses, AT: Foreign investors are only allowed in the following activities: nurses, physiotherapists,

Physiotherapists and Paramedical Personnel occupational therapists, logotherapists, dieticians and nutricians.

(part of CPC 93191) BG, MT: Unbound.

FI, SI: Unbound for physiotherapists and paramedical personnel.

XXX 102

Sector or sub-sector Description of reservations

LT: An economic needs test may be applied. Main criteria: employment situation in the subsector.

LV: Economic needs test for foreign physiotherapists and paramedical personnel. Main criteria: employment situation in the given region.

HR: All persons providing services directly to patients/treating patients need a licence from the professional chamber.

(k) Retail sales of pharmaceuticals and retail sales AT, BG, CY, FI, MT, PL, RO, SE, SI: Unbound.

of medical and orthopaedical goods (CPC BE, DE, DK, EE, ES, FR, IT, HR, HU, IE, LV, PT, SK: Authorisation is subject to an economic

63211) needs test. Main criteria: population and geographical density of existing pharmacies.

and other services supplied by pharmacists 1

B.

Computer and Related Services (CPC 84) None.

1 The supply of pharmaceuticals to the general public, like the provision of other services, is subject to licensing and qualification requirements and procedures applicable in the Member States of the Union. As a general rule, this activity is reserved to pharmacists. In some Member States, only the supply of prescription drugs is reserved to pharmacists.

XXX 103

Sector or sub-sector Description of reservations

C.

Research and Development Services 1

(a) R&D services on natural sciences (CPC 851) EU: For publicly funded R&D services, exclusive rights and/or authorisations can only be granted to nationals of Member States of the Union and to juridical persons of the Union having their headquarters in the Union.

(b) R&D services on Social Sciences and None

Humanities (CPC 852 excluding psychologists services) 2

(c) Interdisciplinary R&D services (CPC 853) EU: For publicly funded R&D services, exclusive rights and/or authorisations can only be granted to nationals of Member States of the Union and to juridical persons of the Union having their headquarters in the Union.

1 The horizontal limitation on public utilities applies.

2 Part of CPC 85201, which is to be found under 6.A.(h). Medical and Dental services.

XXX 104

Sector or sub-sector Description of reservations

D.

Real Estate Services 1

(a) Involving Own or Leased Property (CPC 821) None except DK: The title of "real estate agent" may only be used by people who have been admitted to the real estate agent register. Section 25(2) of the Act on the sale of real estate lays down the requirements for who can be admitted to the register. Amongst others, the Act requires that the applicant is a Danish resident or resident of the Union, the European Economic Area or Switzerland. Furthermore some requirements to the applicants' theoretical insight and practical knowledge must be considered as laid down by the Danish Authority of Enterprise and

Construction guidelines. The Act on the sale of real estate is only applicable when dealing with Danish consumers. Other legislation concerning the access for foreigners to buy/sell property in Denmark can be applicable, e.g. residency requirements.

(b) On a Fee or Contract Basis (CPC 822) None.

1 The service involved relates to the profession of real estate agent and does not affect any rights and/or restrictions on natural and juridical persons purchasing real estate.

XXX 105

Sector or sub-sector Description of reservations

E.

Rental/Leasing Services without Operators

(a) Relating to Ships (CPC 83103) AT, BE, BG, CY, CZ, DE, DK, ES, EE, FI, FR, EL, HU, IE, IT, LT, LV LU, MT, NL, PL, PT, RO, SK, SI, SE, UK: Unbound for the establishment of a registered company for the purpose of operating with a fleet under the national flag of the State of establishment.

LT: Ships must be owned by Lithuanian natural persons or companies established in Lithuania.

SE: In the case of Singaporean ownership interests in a ship, proof of dominating Swedish operating influence must be shown to fly the Swedish flag.

(b) Relating to Aircraft (CPC 83104) EU: Aircraft used by an air carrier of the Union have to be registered in the Member State of the Union licensing the carrier or elsewhere in the Union. The aircraft must be owned either by

natural persons meeting specific nationality criteria or by juridical persons meeting specific criteria regarding ownership of capital and control (including nationality of directors). Waivers can be granted for short term lease contracts or under exceptional circumstances.

83101, CPC 83102 and CPC 83105)

XXX 106

Sector or sub-sector Description of reservations

(d) Relating to Other Machinery and Equipment None.

(CPC 83106, CPC 83107, CPC 83108 and CPC 83109)

(e) Relating to personal and household goods None, except:

(CPC 832) BE, FR: unbound for CPC 83202.

(f) Telecommunications equipment rental None

(CPC 7541)

F.

Other Business Services

(a) Advertising (CPC 871) None.

(b) Market Research and Opinion Polling None.

(CPC 864)

(d) Services Related to Management Consulting HU: Unbound for arbitration and conciliation services (CPC 86602). (CPC 866)

XXX 107 Sector or sub-sector Description of reservations

(e) Technical Testing and Analysis Services 1 None, except SK: No direct branching (incorporation is required).

(CPC 8676)

(f) Advisory and Consulting services incidental None. to Agriculture, Hunting and Forestry (part of

CPC 881)

(g) Advisory and Consulting Services Relating to None.

Fishing (part of CPC 882)

(h) Advisory and Consulting Services incidental None. to Manufacturing (part of CPC 884 and part of

CPC 885)

(i) Placement and Supply Services of Personnel

(i) 1. Executive search (CPC 87201) BG, CY, CZ, DE, EE, FI, HR, LV, LT, MT, PL, PT, RO, SK, SI: Unbound.

ES: State monopoly.

1 The horizontal limitation on public utilities applies to technical testing and analysis services, which are compulsory for the granting of marketing authorisations or for utilisation authorisations (e.g. car inspection, food inspection).

XXX 108

Sector or sub-sector Description of reservations

(i) 2. Placement Services (CPC 87202) AT, BG, CY, CZ, EE, FI, HR, LV, LT, MT, PL, PT, RO, SK: Unbound.

BE, ES, FR, IT: State monopoly.

DE: Authorisation is subject to an economic needs test. Main criteria: situation and development of the labour market.

(i) 3. Supply Services of office support personnel AT, BG, CY, CZ, DE, EE, FI, HR, LV, LT, MT, PL, PT, RO, SK, SI: Unbound.

(CPC 87203) IT: State monopoly.

(i) 4. Model agency Services (part of None.

CPC 87209)

(i) 5. Supply services of domestic help personnel, All Member States except HU: Unbound.

other commercial or industrial workers, HU: None.

nursing and other personnel (CPCs 87204, 87205, 87206, 87209)

(j) 1. Investigation Services (CPC 87301) BE, BG, CY, CZ, DE, ES, EE, FR, EL, HR, HU, IE, IT, LV, LT, LU, MT, NL, PL, PT, RO, SK, SI: Unbound.

XXX 109

Sector or sub-sector Description of reservations

(j) 2. Security Services (CPC 87302, CPC 87303, DK: Nationality and residency requirements for members of the board. Unbound for the supply CPC 87304 and CPC 87305) of airport guard services.

HR: Unbound.

BG, CY, CZ, EE, FI, LV, LT, MT, PL, RO, SI, SK: Licence may be granted only to nationals and to national registered organisations.

ES: Access is subject to prior authorisation. In granting the authorisation, the Council of Ministers takes into account conditions such as competence, professional integrity and independence, adequacy of the protection provided for the security of the population and the public order.

(k) Related Scientific and Technical Consulting FR: Foreign investors are required to have a specific authorisation for exploration and

Services 1 (CPC 8675) prospection services.

(l) 1. Maintenance and repair of vessels (part of None.

CPC 8868)

1 The horizontal limitation on public utilities applies to certain activities related to mining (e.g. minerals, oil, and gas).

XXX 110

Sector or sub-sector Description of reservations

(l) 2. Maintenance and Repair of Rail Transport LV: State monopoly.

Equipment (part of CPC 8868) SE: An economic needs test applies when an investor intends to establish its own terminal

infrastructure facilities. Main criteria: space and capacity constraints.

(l) 3. Maintenance and Repair of motor vehicles, SE: An economic needs test applies when an investor intends to establish its own terminal motorcycles, snowmobiles and road transport infrastructure facilities. Main criteria: space and capacity constraints.

Equipment (CPC 6112, CPC 6122, part of CPC 8867 and part of CPC 8868)

(l) 4. Maintenance and Repair of Aircraft and None. parts thereof (part of CPC 8868)

XXX 111 Sector or sub-sector Description of reservations

(l) 5. Maintenance and Repair services of metal None. products, of (non-office) machinery, of

(non-transport and non-office) equipment and of personal and household goods 1 (CPC 633, CPC 7545, CPC 8861, CPC 8862, CPC 8864, CPC 8865 and CPC 8866)

(m) Building-Cleaning Services (CPC 874) None.

(n) Photographic Services (CPC 875) None.

(o) Packaging Services (CPC 876) None.

1 Maintenance and repair services of transport equipment (CPC 6112, 6122, 8867 and CPC 8868) are to be found under 6.F.(l)1. to 6.F.(l)4.

Maintenance and repair services of office machinery and equipment including computers (CPC 845) are to be found under 6.B. Computer and

Related Services.

XXX 112 Sector or sub-sector Description of reservations

(p) Printing and Publishing (CPC 88442) LT, LV: Establishment rights in the publishing sector are granted only to nationally incorporated juridical persons (no branches).

PL: Nationality requirement for the editor-in-chief of newspapers and journals.

HR: Residency requirements for publisher and editorial board.

(q) Convention Services (part of CPC 87909) None.

(r) 1. Translation and Interpretation Services DK: Unbound

(CPC 87905) PL: Unbound for the supply of sworn interpretation services.

BG, HU, SK: Unbound for official translation and interpretation.

HR: Unbound for translation and interpretation services for/before Croatian courts.

(r) 2. Interior Design and other Specialty Design None.

Services (CPC 87907)

XXX 113

Sector or sub-sector Description of reservations

(r) 3. Collection Agency Services (CPC 87902) IT, PT: Nationality condition for investors.

DK: Debt collection agency services are regulated by Law No. 319 of 14 May 1997 (with subsequent amendments) on debt collection. The act contains a number of requirements for debt collection services in Denmark.

Among other matters the act sets up rules for the authorisation for the debt collector, approval of

staff involved in debt collection, provision regarding the debt collection and revocation of

authorisation for the debt collector.

(r) 4. Credit reporting services (CPC 87901) BE: For consumer credit databanks, a nationality condition for investors.

IT, PT: A nationality condition for investors.

(r) 5. Duplicating services (CPC 87904) 1 None.

(r) 6. Telecommunications consulting services None.

(CPC 7544)

(r) 7. Telephone answering services (CPC 87903) None.

1 Does not include printing services, which fall under CPC 88442 and are to be found under 6.F.(p).

XXX 114

Sector or sub-sector Description of reservations

7.

COMMUNICATION SERVICES

A.

Postal and Courier Services (Services relating None. to the handling 1 of postal items 2 according to
the following list of sub-sectors, whether for domestic or foreign destinations:

(i) Handling of addressed written communications on any kind of physical medium 3 , including Hybrid mail service and Direct mail;

(ii) Handling of addressed parcels and packages 4 ;

1 "Handling" refers to activities such as clearance, sorting, transport and delivery.

2 "Postal item" refers to items handled by any type of commercial operator, whether public or private.

3 E.g. letters, postcards.

4 Books and catalogues are included hereunder.

XXX 115 Sector or sub-sector Description of reservations

(iii) Handling of addressed press products 1 ;

(iv) Handling of items referred to in (i) to (iii) above as registered or insured mail;

(v) Express delivery services 2 for items referred to in (i) to (iii) above;

(vi) Handling of non-addressed items; and

(vii) Document exchange 3 .

1 Journals, newspapers and periodicals.

public or private.

XXX 116

Sector or sub-sector Description of reservations

(part of CPC 751, part of CPC 71235 2 and part of CPC 73210 3 )

correspondence.

2 Transportation of postal and courier items on own account by any land mode.

3 Transportation of mail on own account by air.

XXX 117

Sector or sub-sector Description of reservations

B.

Telecommunications Services
These services do not cover the economic activity consisting of the provision of content which requires telecommunications services for its transport.

(a) All services consisting of the transmission and None. 3 reception of signals by any electromagnetic

means 1 , excluding broadcasting 2

1 These services do not include on-line information and/or data processing (including transaction processing) (part of CPC 843) which is to be found under 6.B. Computer and Related Services.

3 For clarification purposes, some Member States of the Union maintain public participation in certain telecommunication operators. Those

Member States reserve their rights to maintain such public participation in the future. This is not a market access limitation. In Belgium, government

participation and voting rights in Belgacom are freely determined under legislative powers as is presently the case under the law of 21 March 1991

on the reform of government-owned economic enterprises .

XXX 118

Sector or sub-sector Description of reservations

8.

CONSTRUCTION AND RELATED None.
ENGINEERING SERVICES (CPC 511, CPC 512, CPC 513, CPC 514, CPC 515, CPC 516, CPC 517 and CPC 518)

9.

DISTRIBUTION SERVICES (excluding AT: Unbound for distribution of pyrotechnical goods, of ignitable articles and blasting devices, distribution of arms, munitions, explosives and of toxic substances. For the distribution of pharmaceutical products and tobacco products, and other war material) exclusive rights and/or authorisations can only be granted to nationals of the Member States of
All sub-sectors mentioned below 1 the Union and to juridical persons of the Union having their headquarters in the Union.

FI: Unbound for distribution of alcoholic beverages and pharmaceutical products.

HR: Unbound for distribution of tobacco products.

A.

Commission Agents' Services

1 The horizontal limitation on public utilities applies to the distribution of chemical products, of pharmaceuticals, of products for medical use such as medical and surgical devices, medical substances and objects for medical use, of military equipment and precious metals (and stones) and, in some Member States of the European Union, also to the distribution of tobacco and tobacco products and of alcoholic beverages.

XXX 119

Sector or sub-sector Description of reservations

(a) Commission Agents' Services of motor None. vehicles, motorcycles and snowmobiles and

parts and accessories thereof (part of CPC 61111, part of CPC 6113 and part of CPC 6121)

(b) Other Commission Agents' Services (CPC None.

621)

B.

Wholesale Trade Services

(a) Wholesale Trade Services of motor vehicles, None. motorcycles and snowmobiles and parts and

accessories thereof (part of CPC 61111, part of CPC 6113 and part of CPC 6121)

(b) Wholesale Trade Services of None. telecommunication terminal equipment (part

of CPC 7542)

XXX 120 Sector or sub-sector Description of reservations

excluding wholesale trade services of energy FR: Authorisation of wholesale pharmacies is subject to an economic needs test. Main criteria: products 1 ) population and geographical density of existing pharmacies.

C.

Retailing Services 2 ES, FR, IT: State monopoly on tobacco.
Retailing Services of motor vehicles, BE, BG, DK, FR, IT, MT, PT: Authorisation for department stores (in the case of FR only for motorcycles and snowmobiles and parts and large stores) is subject to an economic needs test. Main criteria: number of and impact on accessories thereof (CPC 61112, part of CPC existing stores, population density, geographic spread, impact on traffic conditions and creation 6113 and part of CPC 6121) of new employment.

Retailing Services of telecommunication IE, SE: Unbound for the retail sale of alcoholic beverages. terminal equipment (part of CPC 7542)

1 These services, which include CPC 62271, are to be found in ENERGY SERVICES under 19.D.

2 Does not include maintenance and repair services which are to be found in BUSINESS SERVICES under 6.B. and 6.F.(l).

Does not include retailing services of energy products which are to be found in ENERGY SERVICES under 19.E. and 19.F.

XXX 121

Sector or sub-sector Description of reservations

Food retailing services (CPC 631) SE: Authorisation for temporary trade in clothing, shoes and foodstuffs that are not consumed at

Retailing services of other (non-energy) the point of sale may be subject to an economic needs test. Main criteria: impact on existing goods, except retail sales of pharmaceutical, stores in the geographic area in question.

medical and orthopaedic goods 1 (CPC 632 excluding CPC 63211 and 63297)

D.

Franchising (CPC 8929) None.

10.

EDUCATIONAL SERVICES (only privately funded services)

A.

Primary Education Services (CPC 921) EU: Participation of private operators in the education network is subject to concession.

B.

Secondary Education Services (CPC 922) AT: Unbound for higher education services and for adult schools by means of radio or television

C.

Higher Education Services (CPC 923) broadcasting.

D.

Adult Education Services (CPC 924) BG: Unbound for the supply of primary and/or secondary education services by foreign natural
persons and associations, and for the supply of higher education services.

1 Retail sales of pharmaceutical, medical and orthopaedic goods are to be found under PROFESSIONAL SERVICES in 6.A.(k).

XXX 122

Sector or sub-sector Description of reservations

CZ, SK: Nationality condition for the majority of members of the board. Unbound for the supply

of higher education services except for post-secondary technical and vocational education

services (CPC 92310).

CY, FI, MT, RO, SE: Unbound.

EL: A nationality condition for the majority of members of the board in primary and secondary schools. Unbound for higher education institutions granting recognised State diplomas.

ES, IT: Economic needs test for establishing private universities authorised to issue recognised diplomas or degrees. The relevant procedure involves an advice of the Parliament. Main criteria: population and density of existing establishments.

HR: Unbound for Primary Education Services (CPC 921). For Secondary Education Services: None for legal persons.

HU, SK: The number of schools being established may be limited by local authorities (or in the case of high schools and other higher education institutions by central authorities) in charge of granting licenses.

XXX 123 Sector or sub-sector Description of reservations

LV: Unbound for the supply of education services relating to technical and vocational secondary

school-type education services for handicapped students (CPC 9224).

SI: Unbound for primary schools. Nationality condition for the majority of members of the board in secondary and high schools.

E.

Other education services (CPC 929) AT, BE, BG, CY, DE, DK, ES, EE, FI, FR, EL, HU, IE, IT, LV, LT, LU, MT, NL, PL, PT, RO, SI, SE, UK: Unbound.
CZ, SK: Participation of private operators in the education network is subject to concession. Nationality condition for the majority of members of the board.

11.

ENVIRONMENTAL SERVICES 1 None.

A.

Waste Water Services (CPC 9401) 2

B.

Solid/hazardous waste management, excluding cross-border transport of hazardous waste

(a) Refuse Disposal Services (CPC 9402)

1 The horizontal limitation on public utilities applies.

2 Corresponds to sewage services.

XXX 124

Sector or sub-sector Description of reservations

(b) Sanitation and Similar Services (CPC 9403)

C.

Protection of ambient air and climate (CPC
9404) 1

D.

Remediation and clean up of soil and waters

(a) Treatment, remediation of contaminated/polluted soil and water (part of CPC 9406) 2

E.

Noise and vibration abatement (CPC 9405)

F.

Protection of biodiversity and landscape

(a) Nature and landscape protection services (part of CPC 9406)

G.

Other environmental and ancillary services
(CPC 9409)

1 Corresponds to cleaning services of exhaust gases.

2 Corresponds to parts of nature and landscape protection services.

XXX 125 Sector or sub-sector Description of reservations

12.

FINANCIAL SERVICES

A.

Insurance and insurance-related services AT: The licence for branch offices of Singaporean insurers shall be denied if the insurer in
Singapore does not have a legal form corresponding or comparable to a joint stock company or a

mutual insurance association.

BG, ES: Before establishing a branch or agency in Bulgaria or Spain to provide certain classes of insurance, a Singaporean insurer must have been authorised to operate in the same classes of insurance in Singapore for at least five years.

EL: The right of establishment does not cover the creation of representative offices or other permanent presence of insurance companies, except where such offices are established as agencies, branches or head offices.

FI: At least one half of the promoters and members of the board of directors and the supervisory board of an insurance company shall have their place of residence in the Union, unless the competent authorities have granted an exemption. Singaporean insurers cannot get a licence in Finland as a branch to carry on statutory pension insurance.

IT: The authorisation of the establishment of branches is ultimately subject to the evaluation of supervisory authorities.

XXX 126

Sector or sub-sector Description of reservations

BG, PL: Local incorporation (no branches) required for insurance intermediaries.

PT: In order to establish a branch in Portugal, Singaporean insurance companies need to demonstrate prior operational experience of at least five years. Direct branching is not permitted for insurance intermediation, which is reserved to companies formed in accordance with the law of a Member State of the Union.

SK: Singaporean nationals may establish an insurance company in the form of a joint stock company or may conduct insurance business through their subsidiaries with registered office in Slovakia (no branches).

SI: Foreign investors cannot participate in insurance companies under privatisation. Membership

of the mutual insurance institution is limited to companies established in Slovenia (no branches)

and domestic natural persons. For providing consultancy and claim settlement services,

incorporation is required as a legal entity (no branches).

SE: Insurance broking undertakings not incorporated in Sweden may be established only through a branch.

XXX 127 Sector or sub-sector Description of reservations

B.

Banking and other financial services EU: Only firms having their registered office in the Union can act as depositories of the assets of (excluding insurance) investment funds. The establishment of a specialised management company, having its head
office and registered office in the same Member State of the Union, is required to perform the activities of management of unit trusts and investment companies.

BG: Pension insurance shall be implemented through participation in incorporated pension insurance companies (no branches). Permanent residency in Bulgaria is required for the chairperson of the management board and the chairperson of the board of directors.

CY: Only members (brokers) of the Cyprus Stock Exchange can undertake business pertaining to securities brokerage in Cyprus. A brokerage firm may only be registered as a member of the Cyprus Stock Exchange if it has been established and registered in accordance with the Companies Law of Cyprus (no branches).

HR: None, except for settlement and clearing services where the Central Depositary Agency (CDA) is the sole supplier in Croatia. Access to the services of the CDA will be granted to nonresidents on a non-discriminatory basis.

XXX 128

Sector or sub-sector Description of reservations

HU: Branches of Singaporean institutions are not allowed to provide asset management services

for private pension funds or management of venture capital. The board of a financial institution

should include at least two members, who are Hungarian citizens, residents in the meaning of

the relevant foreign exchange regulations and have permanent residency in Hungary for at least

one year.

IE: In the case of collective investment schemes constituted as unit trusts and variable capital companies (other than undertakings for collective investment in transferable securities, UCITS), the trustee/depository and management company is required to be incorporated in Ireland or in another Member State of the Union (no branches). In the case of an investment limited partnership, at least one general partner must be incorporated in Ireland. To become a member of a stock exchange in Ireland, an entity must either (a) be authorised in Ireland, which requires that it be incorporated or be a partnership, with a head/registered office in Ireland, or (b) be authorised in another Member State of the Union in accordance with the Union directive on investment and services.

XXX 129 Sector or sub-sector Description of reservations

IT: In order to be authorised to manage the securities settlement system with an establishment in

Italy, a company is required to be incorporated in Italy (no branches). In order to be authorised

to manage central securities depository services with an establishment in Italy, companies are

required to be incorporated in Italy (no branches). In the case of collective investment schemes

other than UCITS harmonised under the legislations of the Union, the trustee/ depository is

required to be incorporated in Italy or in another Member State of the Union and established

through a branch in Italy. Management companies of UCITS not harmonised under the

legislations of the Union are also required to be incorporated in Italy (no branches). Only banks,

insurance companies, investment firms, and companies managing UCITS harmonised under the

legislations of the Union, having their legal head office in the Union, as well as UCITS

incorporated in Italy may carry out activity of pension fund resources management. In providing

the activity of door-to-door selling, intermediaries must utilise authorised financial salesmen

resident within the territory of a Member State of the Union. Representative offices of foreign

intermediaries cannot carry out activities aimed at providing investment services.

XXX 130 Sector or sub-sector Description of reservations

LT: For the purpose of asset management, incorporation as a specialised management company is required (no branches). Only firms having their registered office in Lithuania can act as the depositories of the assets.

PT: Pension fund management may be provided only by companies incorporated in Portugal and

specialised for that purpose and by insurance companies established in Portugal and authorised

to take up life insurance business or by entities authorised for pension fund management in other

Member States of the Union (unbound for direct branching from non- Union countries).

RO: Branches of foreign institutions are not allowed to provide asset management services.

SK: Investment services in Slovakia can be provided by banks, investment companies, investment funds and security dealers which have legal form of joint-stock company with equity capital according to the law (no branches).

SI: Unbound for participation in banks under privatisation and for private pension funds (noncompulsory pension funds).

SE: A founder of a savings bank shall be a natural person resident in the Union.

XXX 131 Sector or sub-sector Description of reservations

13.

HEALTH SERVICES AND SOCIAL
SERVICES 1 (only privately funded services)

A.

Hospital Services (CPC 9311) EU: Participation of private operators in the health and social network is subject to concession.

B.

Ambulance Services (CPC 93192) An economic needs test may apply. Main criteria: number of and impact on existing

C.

Residential health facilities other than hospital establishments, transport infrastructure, population density, geographic spread, and creation of services (CPC 93193) new employment.

D.

Social Services (CPC 933) AT, SI: Unbound for ambulance services.
BG: Unbound for hospital services, for ambulance services and for residential health facilities other than hospital services.

CY, CZ, FI, MT, SE, SK: Unbound.

HU: Unbound for social services.

PL: Unbound for ambulance services, for residential health facilities other than hospital services, and for social services.

BE, UK: Unbound for ambulance services, for residential health facilities other than hospital services, and for social services other than convalescent and rest houses and old people's homes.

1 The horizontal limitation on public utilities applies.

XXX 132

Sector or sub-sector Description of reservations

HR: All persons providing services directly to patients/treating patients need a licence from the professional chamber.

14.

TOURISM AND TRAVEL RELATED
SERVICES

A.

Hotel, Restaurants and Catering (CPC 641, BG: Incorporation is required (no branches).
CPC 642 and CPC 643) IT: An economic needs test applies to bars, cafes and restaurants. Main criteria: population and

excluding catering in air transport services density of existing establishments.

HR: Location in the protected areas of particular historic and artistic interest and within national

or landscape parks is subject to approval by the Government of the Republic of Croatia which

can be denied.

B.

Travel Agencies and Tour Operators Services BG: Unbound for direct branching (incorporation is required).
(including tour managers) (CPC 7471) PT: Requirement of constitution of a commercial company having its corporate base in Portugal

(unbound for branches).

C.

Tourist Guides Services (CPC 7472) None.

XXX 133

Sector or sub-sector Description of reservations

15.

RECREATIONAL, CULTURAL AND
SPORTING SERVICES (other than audio-visual services)

A.

Entertainment Services (including Theatre, CY, CZ, FI, MT, PL, RO, SI, SK: Unbound.
Live Bands, Circus and Discotheque Services) BG: Unbound except for theatrical producer, singer group, band and orchestra entertainment (CPC 9619) services (CPC 96191), services provided by authors, composers, sculptors, entertainers and

other individual artists (CPC 96192), and ancillary theatrical services (CPC 96193).

EE: Unbound for other entertainment services (CPC 96199) except for cinema theatre services.

LV: Unbound except for cinema theatre operation services (part of CPC 96199).

XXX 134

Sector or sub-sector Description of reservations

B.

News and Press Agencies Services (CPC 962) FR: Foreign participation in French companies publishing publications in the French language may not exceed 20 per cent of the capital or of voting rights in the company. Press agencies:
Unbound, except that Singaporean press agencies may establish a branch or office in France for the sole purpose of collecting news. For greater certainty, such branch or office may not distribute news.

BG, CY, CZ, EE, HU, LT, MT, RO, PL, SI, SK: Unbound.

PT: News companies, incorporated in Portugal in the juridical form of "Sociedade Anónima", must have the social capital in the form of nominal stocks.

C.

Libraries, archives, museums and other BE, BG, CY, CZ, DE, DK, ES, EE, FI, FR, EL, HR, HU, IE, IT, LV, LU, MT, NL, PL, PT, RO, cultural services 1 (CPC 963) SK, SI, SE, UK: Unbound.
AT, LT: Participation of private operators in the libraries, archives, museums and other cultural services' network is subject to concession or licence.

1 The horizontal limitation on public utilities applies.

XXX 135

Sector or sub-sector Description of reservations

D.

Sporting services (CPC 9641) AT, SI: Unbound for ski school services and mountain guide services.
BG, CY, CZ, EE, LV, MT, PL, RO, SK: Unbound.

E.

Recreation park and beach Services (CPC None.
96491)

16.

TRANSPORT SERVICES

A.

Maritime transport 1

1 The horizontal limitation on public utilities applies to port services and other maritime transport services requiring the use of the public domain.

XXX 136

Sector or sub-sector Description of reservations

(a) International passenger transportation (CPC AT, BE, BG, CY, CZ, DE, DK, ES, EE, FI, FR, EL, HU, IE, IT, LT, LU, NL, PL, PT, RO, SK, 7211 less national cabotage transport 1 ). SI, SE, UK: Unbound for the establishment of a registered company for the purpose of operating

(b) International freight transportation (CPC 7212 a fleet under the national flag of the State of establishment.

less national cabotage transport 2 )

B.

Internal Waterways Transport

XXX 137

Sector or sub-sector Description of reservations

AT, BE, BG, CY, CZ, DE, DK, ES, EE, FI, FR, EL, HU, IE, IT, LT, LU, MT, NL, PL, PT, RO,

SK, SI, SE, UK: Unbound for the establishment of a registered company for the purpose of

operating a fleet under the national flag of the State of establishment.

SK: Unbound for direct branching (incorporation is required).

XXX 138

Sector or sub-sector Description of reservations

AT: Nationality condition in order to set up a shipping company by natural persons. In the case

of establishment as a legal person, nationality condition for the managing board and the

supervisory board. Registered company or permanent establishment in Austria is required. In

addition, the majority of business shares must be held by the citizens of the Union.

HR: Unbound.

BG: Unbound for direct branching (incorporation is required).

HU: Participation of the State may be required in an establishment.

FI: Services can be provided only by ships operating under the Finnish flag.

C.

Rail Transport 1 BG, SK: Unbound for direct branching (incorporation is required).

(a) Passenger transportation (CPC 7111) HR: Unbound.

(b) Freight transportation (CPC 7112)

1 The horizontal limitation on public utilities applies to rail transport services requiring the use of the public domain.

XXX 139

Sector or sub-sector Description of reservations

D.

Road Transport 1

(a) Passenger Transportation (CPC 7121 and EU: Foreign investors cannot provide transport services within a Member State (cabotage),

CPC 7122) except for rental of non-scheduled services of buses with operator.

EU: Economic needs test for taxi services. Main criteria: number of and impact on existing establishments, population density, geographic spread, impact on traffic conditions and creation of new employment.

AT: Exclusive rights and/or authorisation can only be granted to nationals of the Member States of the Union and to juridical persons of the Union having their headquarters in the Union.

BG: Exclusive rights and/or authorisation can only be granted to nationals of the Member States

of the Union and to juridical persons of the Union having their headquarters in the Union.

Unbound for direct branching (incorporation is required). FI, LV: Authorisation is required, not

extended to foreign registered vehicles.

LV and SE: Requirement for established entities to use vehicles with national registration.

ES: Economic needs test for CPC 7122. Main criteria: local demand.

1 The horizontal limitation on public utilities applies.

XXX 140

Sector or sub-sector Description of reservations

IT, PT: Economic needs test for limousine services. Main criteria: number of and impact on existing establishments, population density, geographic spread, impact on traffic conditions and creation of new employment.

ES, IE, IT: Economic needs test for intercity bussing services. Main criteria: number of and impact on existing establishments, population density, geographic spread, impact on traffic conditions and creation of new employment.

FR: Unbound for intercity bussing services.

(b) Freight Transportation 1 (CPC 7123, excluding AT, BG: Exclusive rights and/or authorisation can only be granted to nationals of the Member transportation of postal and courier items on States of the Union and to juridical persons of the Union having their headquarters in the Union.

own account 2 ). BG: Unbound for direct branching (incorporation is required).

FI, LV: Authorisation is required, not extended to foreign registered vehicles.

LV and SE: Requirement for established entities to use vehicles with national registration.

IT, SK: Economic needs test. Main criteria: local demand.

1 The horizontal limitation on public utilities applies in some Member States.

2 Part of CPC 71235, which is to be found in COMMUNICATION SERVICES under 2.A Postal and Courier Services of Appendix 8-A-1

XXX 141

Sector or sub-sector Description of reservations

E.

Pipeline transport of goods other than fuel 1 2 AT: Exclusive rights can only be granted to nationals of the Member States of the Union and to (CPC 7139) juridical persons of the Union having their headquarters in the Union.

17.

SERVICES AUXILIARY TO TRANSPORT 3

A.

Services auxiliary to Maritime Transport 4 AT, BE, BG, CY, CZ, DE, DK, ES, EE, FI, FR, EL, HU, IE, IT, LT, LU, MT, NL, PL, PT, RO,

(a) Storage and warehousing Services (part of SK, SI, SE, UK: Unbound for the establishment of a registered company for the purpose of

CPC 742) operating a fleet under the national flag of the State of establishment.

1 Pipeline transportation of fuels is to be found in ENERGY SERVICES under 19.B.

2 The horizontal limitation on public utilities applies.

3 Does not include maintenance and repair services of transport equipment, which are to be found in BUSINESS SERVICES under 6.F.(l)1. to

6.F.(l)4.

4 The horizontal limitation on public utilities applies to port services, to other auxiliary services requiring the use of the public domain, and to pushing and towing services.

XXX 142

Sector or sub-sector Description of reservations

(b) Customs Clearance Services 1 IT: Economic needs test 4 for maritime cargo-handling services. Main criteria: number of and

(c) Container Station and Depot Services 2 impact on existing establishments, population density, geographic spread and creation of new

(d) Maritime Agency Services 3 employment. Requirement of residency for "raccomandatario marittimo".

1 "Customs clearance services" mean the 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.

2 "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.

3 "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; acting on behalf of the companies organising the call of the ship or taking over cargoes when required. 4 This measure is applied on a non-discriminatory basis.

XXX 143

Sector or sub-sector Description of reservations

(e) Maritime Freight Forwarding Services 1 BG: Unbound for direct branching (incorporation is required).For Maritime Agency Services,

(f) Rental of Vessels with Crew (CPC 7213) Singaporean shipping companies have the right to establish branch offices which may act as

(g) Pushing and towing services (CPC 7214) agents for their principal offices. Services auxiliary to Maritime Transport that require the use of

(h) Supporting services for maritime transport vessels can be provided only by vessels operating under the Bulgarian flag. Nationality

(part of CPC 745) condition.

(i) Other supporting and auxiliary services HR: Unbound for Customs Clearance Services, Container Station and Depot Services, Maritime

(including catering) (part of CPC 749) Agency Services and Maritime Freight Forwarding Services. For Maritime Cargo Handling Services, Storage and warehousing Services, Other supporting and auxiliary services (including

catering), Pushing and towing services and Supporting services for maritime transport: None, except that foreign legal person is required to establish a company in Croatia which should be granted a concession by the port authority, following a public tendering procedure. The number of service suppliers may be limited reflecting limitations in port capacity.

XXX 144

Sector or sub-sector Description of reservations

SI: Only juridical persons established in Slovenia (no branches) can perform customs clearance.

FI: Services can be provided only by ships operating under the Finnish flag.

B.

Services auxiliary to internal waterways EU: Measures based upon existing or future agreements on access to inland waterways (incl. transport 1 agreements following the Rhine-Main-Danube link) reserve some traffic rights to operators

(a) Cargo-handling services (part of CPC 741) based in the countries concerned and meeting nationality criteria regarding ownership. Subject

(b) Storage and warehouse services (part of CPC to regulations implementing the Mannheim Convention on Rhine Shipping.

742)

AT, BE, BG, CY, CZ, DE, DK, ES, EE, FI, FR, EL, HU, IE, IT, LT, LU, MT, NL, PL, PT, RO,

(c) Freight transport agency services (part of CPC SK, SI, SE, UK: Unbound for the establishment of a registered company for the purpose of

748)

operating a fleet under the national flag of the State of establishment.

1 The horizontal limitation on public utilities applies to port services, to other auxiliary services requiring the use of the public domain and to pushing and towing services.

XXX 145

Sector or sub-sector Description of reservations

(d) Rental of Vessels with Crew (CPC 7223) AT: Nationality condition in order to set up a shipping company by natural persons. In the case

(e) Pushing and towing services (CPC 7224) of establishment as a legal person, nationality condition for the managing board and the

(f) Supporting services for internal waterways supervisory board. Registration of a company or permanent establishment in Austria is required. transport (part of CPC 745) In addition, the majority of business shares must be held by the citizens of the Union, except for

(g) Other supporting and auxiliary services (part storage and warehouse services, freight transport agency services, and pre-shipment inspection.

of CPC 749) BG: Unbound for direct branching (incorporation is required). Participation in a Bulgarian company is limited to 49 per cent.

HU: Participation of the State may be required in an establishment, except for storage and warehouse services.

FI: Services can be provided only by ships operating under the Finnish flag.

SI: Only juridical persons established in Slovenia (no branches) can perform customs clearance.

HR: Unbound.

XXX 146

Sector or sub-sector Description of reservations

C.

Services auxiliary to rail transport 1 BG: Unbound for direct branching (incorporation is required). Participation in a Bulgarian

(a) Cargo-handling services (part of CPC 741) company is limited to 49 per cent.

(b) Storage and warehouse services (part of CPC SI: Only juridical persons established in Slovenia (no branches) can perform customs clearance.

742)

HR: Unbound for pushing and towing services.

748)

(d) Pushing and towing services (CPC 7113)

(e) Supporting services for rail transport services

(CPC 743)

(f) Other supporting and auxiliary services (part of CPC 749)

1 The horizontal limitation on public utilities applies when the services require the use of the public domain.

XXX 147

Sector or sub-sector Description of reservations

D.

Services auxiliary to road transport 1 AT: For rental of commercial road vehicles with operators, authorisation can only be granted to

(a) Cargo-handling services (part of CPC 741) nationals of the Member States of the Union, and to juridical persons of the Union having their

(b) Storage and warehouse services (part of CPC headquarters in the Union. Nationality condition for persons and shareholders entitled to

742)

represent a juridical person or a partnership.

(c) Freight transport agency services (part of CPC BG: Unbound for direct branching (incorporation is required). Participation in a Bulgarian

748)

company is limited to 49 per cent. Nationality condition

(d) Rental of Commercial Road Vehicles with FI: For rental of commercial road vehicles with operators, authorisation is required, but not

Operators (CPC 7124) extended to foreign registered vehicles.

(e) Supporting services for road transport SI: Only juridical persons established in Slovenia (no branches) can perform customs clearance.

equipment (CPC 744) MT: Nationality condition.

(f) Other supporting and auxiliary services (part HR: Unbound for Rental of Commercial Road Vehicles with Operators

of CPC 749)

1 The horizontal limitation on public utilities applies when the services require the use of the public domain.

XXX 148

Sector or sub-sector Description of reservations

F.

Services auxiliary to pipeline transport of None except AT: Nationality condition for managing directors. goods other than fuel 1

(a) Storage and warehouse services of goods other than fuel transported by pipelines 2 (part of CPC 742)

18.

OTHER TRANSPORT SERVICES

AT, BG, CY, CZ, EE, HR, HU, LT, LV, MT, PL, RO, SE, SI, SK: Unbound.

1 Services auxiliary to pipeline transportation of fuels are to be found in ENERGY SERVICES under 19.C.

2 The horizontal limitation on public utilities applies.

XXX 149

Sector or sub-sector Description of reservations

19.

ENERGY SERVICES

A.

Services Incidental to Mining 1 (CPC 883) 2 None.

B.

Pipeline Transportation of fuels 3 (CPC 7131) AT, BE, BG, CY, CZ, DE, DK, ES, EE, FI, FR, EL, IE, IT, LV, LU, MT, NL, PL, PT, RO, SK, SI, SE, UK: Unbound.

1 The horizontal limitation on public utilities applies.

2 Includes the following services rendered on a fee or contract basis: advisory and consulting services relating to mining, on-land site preparation, on-land rig installation, drilling, drilling bits services, casing and tubular services, mud engineering and supply, solids control, fishing and

3 The horizontal limitation on public utilities applies.

XXX 150

Sector or sub-sector Description of reservations

C.

Storage and warehouse services of fuels PL: Investors from countries which are energy suppliers may be prohibited to obtain the control transported through pipelines 1 (part of CPC of the activity. Unbound for direct branching (incorporation is required).
742)

D.

Wholesale trade services of solid, liquid and EU: Unbound for wholesale trade services of electricity, steam and hot water. gaseous fuels and related products (CPC
62271)

and wholesale trade services of electricity, steam and hot water 2

E.

Retailing Services of motor fuel (CPC 613) EU: Unbound for retailing services of motor fuel, electricity, (non bottled) gas, steam and hot

F.

Retail sales of fuel oil, bottled gas, coal and water.
wood (CPC 63297) BE, BG, DK, FR, IT, MT, PT: For retail sales of fuel oil, bottled gas, coal and wood,

and retailing services of electricity, authorisation for department stores (in the case of FR only for large stores) is subject to an (non-bottled) gas, steam and hot water 3 economic needs test. Main criteria: number of and impact on existing stores, population density,

geographic spread, impact on traffic conditions and creation of new employment.

1 The horizontal limitation on public utilities applies.

2 The horizontal limitation on public utilities applies.

3 The horizontal limitation on public utilities applies.

XXX 151

Sector or sub-sector Description of reservations

G.

Services incidental to energy distribution 1 AT, BE, BG, CY, CZ, DE, DK, ES, EE, FI, FR, EL, IE, HU, IT, LU, LT, MT, NL, PL, PT, RO, (CPC 887) SK, SE, UK: Unbound except for consultancy services, and none for consultancy services.
SI: Unbound except for services incidental to the distribution of gas, and none for the distribution of gas.

20.

OTHER SERVICES NOT INCLUDED
ELSEWHERE

(a) Washing, Cleaning and Dyeing services None

(CPC 9701)

(b) Hairdressing services (CPC 97021) IT: An economic needs test applies on a national treatment basis. The economic needs test, when applied, sets a limit on the number of enterprises. Main criteria: population and density of existing business.

(c) Cosmetic treatment, manicuring and IT: An economic needs test applies on a national treatment basis. The economic needs test, pedicuring services (CPC 97022) when applied, sets a limit on the number of enterprises. Main criteria: population and density of existing business.

1 Except for consulting services, the horizontal limitation on public utilities applies.

XXX 152

Sector or sub-sector Description of reservations

(d) Other beauty treatment services n.e.c IT: An economic needs test applies on a national treatment basis. The economic needs test,

(CPC 97029) when applied, sets a limit on the number of enterprises. Main criteria: population and density of existing business.

(e) Spa services and non therapeutical massages, None. to the extent that they are provided as

relaxation physical well-being services and not for medical or rehabilitation purposes 1 2 (CPC ver. 1.0 97230)

(f) Telecommunications connection services None.

(CPC 7543)

1 Therapeutical massages and thermal cure services are to be found under 6.A.(h) Medical and Dental services, 6.A.(j)2. Services provided by

Nurses, Physiotherapists and Paramedical personnel, and Health Services (13.A and 13.C).

2 The horizontal limitation on public utilities applies to spa services and non-therapeutical massages provided in domains of public utility such as certain water sources.

XXX 153

Appendix 8-A-3

UNION

SCHEDULE OF SPECIFIC COMMITMENTS IN CONFORMITY WITH ARTICLES 8.14

(KEY PERSONNEL AND GRADUATE TRAINEES)

AND 8.15 (BUSINESS SERVICES SELLERS)

(KEY PERSONNEL AND GRADUATE TRAINEES AND BUSINESS SERVICES SELLERS)

1.

The list of reservations below indicates the economic activities liberalised pursuant to Articles
8.7 (Schedule of Specific Commitments) and 8.12 (Schedule of Specific Commitments) for

which limitations on key personnel and graduate trainees in accordance with Articles 8.14

(Key Personnel and Graduate Trainees) and 8.15 (Business Services Sellers) apply and

specifies such limitations. The list below is composed of the following elements:

(a) the first column indicating the sector or sub-sector in which limitations apply; and

(b) the second column describing the applicable limitations.

The Union does not undertake any commitment for key personnel in economic activities

which are not liberalised (remain unbound) pursuant to Article 8.12 (Schedule of Specific

Commitments).

XXX 154

2.

In identifying individual sectors and sub-sectors:
(a) "ISIC rev 3.1" means the International Standard Industrial Classification of all

Economic Activities as set out in Statistical Office of the United Nations, Statistical

Papers, Series M, N° 4, ISIC REV 3.1, 2002;

(b) "CPC" means the Central Products Classification as referred to in footnote 23 to Article

8.21 (Computer Services); and

(c) "CPC ver. 1.0" means the Central Products Classification as set out in Statistical Office

of the United Nations, Statistical Papers, Series M, N° 77, CPC ver 1.0, 1998.

3.

Commitments on key personnel and graduate trainees do not apply in cases where the intent
or effect of their temporary presence is to interfere with, or otherwise affect the outcome of,

any labour/management dispute or negotiation.

4.

The list below does not include measures relating to qualification requirements and
procedures, technical standards and licensing requirements and procedures when they do not

constitute a limitation within the meaning of Articles 8.14 (Key Personnel and Graduate

Trainees) and 8.15 (Business Services Sellers). Those measures (e.g. need to obtain a license,

need to obtain recognition of qualifications in regulated sectors, need to pass specific

examinations, including language examinations, and need to have a legal domicile in the

territory where the economic activity is performed), even if not listed below, apply in any case

to key personnel and graduate trainees of Singapore.

XXX 155

5.

All requirements of the laws and regulations of the Union regarding entry, stay, work and
social security measures shall continue to apply, including regulations concerning period of

stay, minimum wages as well as collective wage agreements even if not listed below.

6.

In accordance with paragraph 2(a) of Article 8.1 (Objective and Scope), the list below does
not include measures concerning subsidies granted by a Party.

7.

The list below is without prejudice to the existence of public monopolies and exclusive rights
as described in the list of commitments on establishment.

8.

In the sectors where economic needs tests are applied, their main criteria will be the
assessment of the relevant market situation in the Member State of the Union or the region

where the service is to be provided, including with respect to the number of, and the impact

on, existing service suppliers.

9.

The rights and obligations arising from the list below shall have no self-executing effect and
thus confer no rights directly on natural or juridical persons.

10.

The following abbreviations are used in the list below:
AT Austria

BE Belgium

BG Bulgaria

CY Cyprus

CZ Czech Republic

XXX 156

DE Germany

DK Denmark

EU European Union, including all its Member States

ES Spain

EE Estonia

FI Finland

FR France

EL Greece

HR Croatia

HU Hungary

IE Ireland

IT Italy

LV Latvia

LT Lithuania

LU Luxembourg

MT Malta

NL Netherlands

PL Poland

PT Portugal

RO Romania

SK Slovakia

SI Slovenia

SE Sweden

UK United Kingdom

XXX 157 Sector or sub-sector Description of reservations

ALL SECTORS Economic needs test

BG, HU: Economic needs tests are required for graduate trainees 1 .

ALL SECTORS Scope of intracorporate transferees

BG: The number of intracorporate transferees is not to exceed 10 percent of the average annual

number of the citizens of the Union employed by the respective Bulgarian juridical person.

Where less than 100 persons are employed, the number of intracorporate transferees may,

subject to authorisation, exceed 10 per cent of that of the total employees.

HU: Unbound for a natural person who has been a partner in a juridical person of Singapore.

ALL SECTORS Graduate trainees

For AT, DE, ES, FR, HU, training must be linked to the university degree which has been obtained.

1 As regards services sectors, these limitations do not go beyond the limitations reflected in the existing GATS commitments.

XXX 158

Sector or sub-sector Description of reservations

ALL SECTORS Managing directors and auditors

FI: A foreigner carrying on trade as a private entrepreneur needs a trade permit and has to be permanently resident in the Union. For all sectors, except telecommunications services, and residency requirements apply for the managing director of a limited company. For telecommunications services, permanent residency for the managing director.

FR: The managing director of an industrial, commercial or artisanal activity, if not a holder of a

residency permit, needs a specific authorisation.

RO: The majority of the commercial companies' auditors and their deputies shall be Romanian citizens.

SE: The managing director of a juridical person or a branch shall reside in Sweden.

XXX 159

Sector or sub-sector Description of reservations

ALL SECTORS Recognition

EU: Union directives on mutual recognition of diplomas only apply to the citizens of the Union. The right to practise a regulated professional service in one Member State of the Union does not

grant the right to practise in another Member State 1 .

4.

Manufacturing 2

H.

Publishing, printing and reproduction of IT: Nationality condition for publishers.
recorded media (ISIC rev 3.1: 22), excluding HR: Residency requirement for publishers.

publishing and printing on a fee or contract

basis 3 PL: Nationality condition for the editor-in-chief of newspapers and journals. SE: Residency requirement for publishers and owners of publishing and printing companies.

6.

BUSINESS SERVICES

A.

Professional Services

1 In order for non-Union country nationals to obtain Union-wide recognition of their qualifications, a mutual recognition agreement, negotiated within the framework defined in Article 8.16 (Mutual Recognition of Professional Qualifications), is necessary.

2 This sector does not include advisory services incidental to manufacturing, which are to be found in BUSINESS SERVICES under 6.F.(h).

3 Publishing and printing on a fee or contract basis is to be found in BUSINESS SERVICES under 6.F.(p).

XXX 160

Sector or sub-sector Description of reservations

(a) Legal Services (CPC 861) 1 AT, CY, ES, EL, LT, MT, RO, SK: Full admission to the Bar, required for the practice of domestic (Union and Member State) law, is subject to a nationality condition. For ES, the competent authorities may grant waivers.

1 Includes legal advisory services, legal representational services, legal arbitration and conciliation/mediation services, and legal documentation and certification services. Provision of legal services is only authorised in respect of public international law, Union law and the law of any

jurisdiction where the service supplier or its personnel is qualified to practice as a lawyer, and, like the provision of other services, is subject to licensing requirements and procedures applicable in the Member States of the Union. For lawyers providing legal services in respect of public international law and foreign law, these licensing requirements and procedures may take, inter alia, the form of compliance with local codes of ethics, use of home title (unless recognition with the host title has been obtained), insurance requirements, simple registration with the host country Bar or a simplified admission to the host country Bar through an aptitude test and a legal or professional domicile in the host country. Legal services in respect of Union law shall in principle be carried out by or through a fully qualified lawyer admitted to the Bar in a Member State of the Union acting personally, and legal services in respect of the law of a Member State of the Union shall in principle be carried out by or through a fully qualified lawyer admitted to the Bar in that Member State acting personally. Full admission to the Bar in the relevant Member State of the Union might therefore be necessary for representation before courts and other competent authorities in the Union since it involves practice of Union and national procedural law. However, in some Member States, foreign lawyers not fully admitted to the Bar are allowed to represent in civil proceedings a party being a national of or belonging to the State in which the lawyer is entitled to practice.

XXX 161

Sector or sub-sector Description of reservations

de justice" or other "officiers publics et BG: Singaporean lawyers can only provide legal representation services of a Singaporean national and subject to reciprocity and cooperation with a Bulgarian lawyer. For legal mediation

ministériels". services, permanent residency is required.

FR: Lawyers' access to the profession of "avocat auprès de la Cour de Cassation" and "avocat auprès du Conseil d'Etat" is subject to quotas and to a nationality condition.

HR: Full admission to the Bar, required for legal representation services, is subject to a nationality condition (Croatian citizenship and citizenship of a Union Member State).

HU: Full admission to the Bar is subject to a nationality condition, coupled with a residency requirement. For foreign lawyers the scope of legal activities is limited to the provision of legal advice, which shall take place on the basis of a collaboration contract concluded with a Hungarian attorney or a law firm.

XXX 162 Sector or sub-sector Description of reservations

LV: Nationality requirement for sworn solicitors, to whom legal representation in criminal proceedings is reserved.

DK: Marketing of legal advice services is restricted to lawyers with a Danish license to practice. Requirement of a Danish legal examination in order to obtain a Danish licence.

LU: Nationality condition for the supply of legal services in respect of Luxembourg and Union law.

SE: Admission to the Bar, necessary only for the use of the Swedish title "advokat", is subject to a residency requirement.

(b) 1. Accounting and Bookkeeping Services FR: Provision of accounting and bookkeeping services is conditional on a decision of the

(CPC 86212 other than "auditing services", Minister of Economics, Finance and Industry, in agreement with the Minister of Foreign Affairs.

CPC 86213, CPC 86219 and CPC 86220) The requirement of residency cannot exceed 5 years.

XXX 163

Sector or sub-sector Description of reservations

(b) 2. Auditing services (CPC 86211 and 86212 AT: Nationality condition for representation before competent authorities and for performing other than accounting services) audits provided for in specific Austrian laws (e.g. joint stock companies law, stock exchange law, banking law, etc.).

DK: Residency requirement.

ES: Nationality condition for statutory auditors and for administrators, directors and partners of

companies other than those covered by the 8th EEC directive on company law.

HR: Only certified auditors holding a licence formally recognised by the Croatian Chamber of Auditors can provide auditing services.

FI: Residency requirement for at least one of the auditors of a Finnish liability company.

EL: Nationality condition for statutory auditors.

IT: Nationality condition for administrators, directors and partners of companies other than those covered by the 8th EEC directive on company law. Residency requirement for individual auditors.

SE: Only auditors approved in Sweden may perform legal auditing services in certain legal entities, inter alia in all limited companies. Residency required for approval.

XXX 164

Sector or sub-sector Description of reservations

BG, SI: Nationality condition for specialists.

HU: Residency requirement.

(d) Architectural services EE: At least one responsible person (project manager or consultant) must be resident in Estonia.

and BG: Foreign specialists must have experience of at least two years in the field of construction.

(e) Urban planning and landscape architectural Nationality condition for urban planning and landscape architectural services.

services (CPC 8671 and CPC 8674) EL, HR, HU, SK: Residency requirement.

FR: The use of the professional title by professionals qualified in third countries is not possible except within the framework of mutual recognition agreements.

(f) Engineering services EE: At least one responsible person (project manager or consultant) must be resident in Estonia.

and BG: Foreign specialists must have experience of at least two years in the field of construction.

(g) Integrated engineering services (CPC 8672 HR, SK: Residency requirement.

and CPC 8673) EL, HU: Residency requirement (For CPC 8673 a residency requirement only applies to

Graduate Trainees).

1 Does not include legal advisory and legal representational services on tax matters, which are to be found under 6.A.(a) Legal Services.

XXX 165

Sector or sub-sector Description of reservations

(h) Medical (including psychologists) and Dental CZ, IT, SK: Residency requirement.

services (CPC 9312 and part of CPC 85201) CZ, RO, SK: Authorisation by the competent authorities required for foreign natural persons.

BE, LU: For graduate trainees, authorisation by the competent authorities required for foreign natural persons.

BG, MT: Nationality condition.

DE: Nationality condition which can be waived on an exceptional basis in cases of public health

interest.

DK: Limited authorisation to fulfil a specific function can be given for up to 18 months and requires residency.

FR: Nationality condition. However, access is possible within annually established quotas.

HR: All persons providing services directly to patients/treating patients need a licence from the professional chamber.

LV: Practice of medical profession by foreigners requires the permission from local health authorities, based on economic needs for medical doctors and dentists in a given region.

PL: Practice of medical profession by foreigners requires the permission. Foreign medical doctors have limited election rights within the professional chambers.

PT: Residency requirement for psychologists.

XXX 166

Sector or sub-sector Description of reservations

(i) Veterinary services (CPC 932) BG, DE, EL, FR, HR, HU: Nationality condition.

CZ and SK: Nationality condition and residency requirement.

IT: Residency requirement.

PL: Nationality requirement. Foreign persons may apply for permission to practice.

(j) 1. Midwives services (part of CPC 93191) AT: In order to establish a professional practice in Austria, the person concerned must have practised the profession in question for at least three years preceding the setting up of that

professional practice.

BE, LU: For graduate trainees, authorisation by the competent authorities required for foreign

natural persons.

CY, EE, RO: Authorisation by the competent authorities required for foreign natural persons.

FR: Nationality condition. However, access is possible within annually established quotas.

IT: Residency requirement.

LV: Subject to economic needs, determined by the total number of midwives in the given region, authorised by local health authorities.

PL: Nationality condition. Foreign persons may apply for permission to practice.

XXX 167 Sector or sub-sector Description of reservations

SK: Residency requirement.

HR: All persons providing services directly to patients/treating patients need a licence from the

professional chamber.

(j) 2. Services provided by Nurses, AT: Foreign services suppliers are only allowed in the following activities: nurses,

Physiotherapists and Paramedical Personnel physiotherapists, occupational therapists, logotherapists, dieticians and nutricians. In order to (part of CPC 93191) establish a professional practice in Austria, the person concerned must have practised the profession in question for at least three years preceding the setting up of that professional practice.

BE, FR, LU: For graduate trainees, authorisation by the competent authorities required for foreign natural persons.

SK: Residency requirement.

HR: All persons providing services directly to patients/treating patients need a licence from the

professional chamber.

CY, CZ, EE, RO, SK: Authorisation by the competent authorities required for foreign natural persons.

XXX 168

Sector or sub-sector Description of reservations

HU: A nationality condition.

DK: Limited authorisation to fulfil a specific function can be given for up to 18 months and requires residency.

CY, CZ, EL, IT: Subject to an economic needs test: decision is subject to regional vacancies and

shortages.

LV: Subject to economic needs determined by the total number of nurses in the given region, authorised by local health authorities.

(k) Retail sales of pharmaceuticals and retail sales FR: Nationality condition. However, within established quotas, access for Singaporean nationals of medical and orthopaedical goods (CPC is possible provided the service provider holds a French degree in pharmacy.

63211) DE, EL, SK: A nationality condition. and other services supplied by pharmacists 1 HU: Nationality condition except for retail sales of pharmaceuticals and retail sales of medical

and orthopaedical goods (CPC 63211).

IT, PT: Residency requirement.

SK: Residency requirement.

1 The supply of pharmaceuticals to the general public, like the provision of other services, is subject to licensing and qualification requirements and procedures applicable in the Member States of the Union. As a general rule, this activity is reserved to pharmacists. In some Member States, only the supply of prescription drugs is reserved to pharmacists.

XXX 169

Sector or sub-sector Description of reservations

D.

Real Estate Services 1

(a) Involving Own or Leased Property (CPC 821) FR, HU, IT, PT: Residency requirement.

LV, MT, SI: Nationality condition.

(b) On a Fee or Contract Basis (CPC 822) DK: Residency requirement unless waived by the Danish Commerce and Companies Agency.

FR, HU, IT, PT: Residency requirement.

LV, MT, SI: Nationality condition.

E.

Rental/Leasing Services without Operators

(e) Relating to personal and household goods EU: Nationality condition for specialists and for graduate trainees.

(CPC 832)

(f) Telecommunications equipment rental EU: Nationality condition for specialists and for graduate trainees.

(CPC 7541)

F.

Other Business Services

(e) Technical Testing and Analysis Services IT, PT: Residency requirements for biologists and chemical analysts.

(CPC 8676) SK: Residency requirement.

1 The service involved relates to the profession of real estate agent and does not affect any rights and/or restrictions on natural and juridical persons purchasing real estate.

XXX 170

Sector or sub-sector Description of reservations

(f) Advisory and Consulting services incidental IT: Residency requirements for agronomists and "periti agrari". to Agriculture, Hunting and Forestry (part of

CPC 881)

(j) 2. Security Services (CPC 87302, CPC 87303, BE: Nationality condition and a residency requirement for management personnel.

CPC 87304 and CPC 87305) BG, CY, CZ, EE, LV, LT, MT, PL, RO, SI, SK: Nationality condition and a residency

requirement.

DK: Nationality condition and a residency requirement for managers and for airport guard services.

ES, PT: Nationality condition for specialized personnel.

FR: Nationality condition for managing directors and directors.

IT: Nationality condition and a residency requirement in order to obtain necessary authorisation

for security guard services and the transport of valuables.

(k) Related Scientific and Technical Consulting BG: Nationality condition for specialists.

Services (CPC 8675) DE: Nationality condition for publicly appointed surveyors.

FR: Nationality condition for "surveying" operations relating to the establishment of property rights and to land law.

IT, PT: Residency requirement.

XXX 171

Sector or sub-sector Description of reservations

(l) 1. Maintenance and repair of vessels (part of MT: Nationality condition.

CPC 8868)

(l) 2. Maintenance and Repair of Rail Transport LV: Nationality condition.

Equipment (part of CPC 8868)

(l) 3. Maintenance and Repair of motor vehicles, EU: For maintenance and repair of motor vehicles, motorcycles and snowmobiles, nationality motorcycles, snowmobiles and road transport condition for specialists and for graduate trainees.

Equipment (CPC 6112, CPC 6122, part of CPC 8867 and part of CPC 8868)

XXX 172 Sector or sub-sector Description of reservations

(l) 5. Maintenance and Repair services of metal EU: Nationality condition for specialists and for graduate trainee, except for:

products, of (non office) machinery, of (non BE, DE, DK, ES, FR, EL, HU, IE, IT, LU, MT, NL, PL, PT, RO, SE, UK for CPC 633, 8861, transport and non office) equipment and of 8866;

personal and household goods 1 (CPC 633,

CPC 7545, CPC 8861, CPC 8862, CPC 8864, BG for repair services of personal and household goods (excl. Jewellery): CPC 63301, 63302,

CPC 8865 and CPC 8866) part of 63303, 63304, 63309; AT for CPC 633, 8861-8866;

EE, FI, LV, LT for CPC 633, 8861-8866;

CZ, SK for CPC 633, 8861-8865; and

SI for CPC 633, 8861, 8866.

(m) Building-Cleaning Services (CPC 874) CY, EE, HR, MT, PL, RO, SI: Nationality condition for specialists.

(n) Photographic Services (CPC 875) HR, LV: Nationality condition for specialty photography services.

PL: Nationality condition for the supply of aerial photographic services.

(p) Printing and Publishing (CPC 88442) HR: Residency requirement for publishers.

SE: Residency requirement for publishers and owners of publishing and printing companies.

1 Maintenance and repair services of transport equipment (CPC 6112, 6122, 8867 and CPC 8868) are to be found under 6.F.(l)1. to 6.F.(l)4.

Maintenance and repair services of office machinery and equipment including computers (CPC 845) are to be found under 6.B. Computer and Related Services.

XXX 173

Sector or sub-sector Description of reservations

(q) Convention Services (part of CPC 87909) SI: Nationality condition.

(r) 1. Translation and Interpretation Services FI: Residency requirement for certified translators.

(CPC 87905) DK: Residency requirement for authorised public translators and interpreters, unless waived by

the Danish Commerce and Companies Agency.

(r) 3. Collection Agency Services (CPC 87902) BE, EL, IT: Nationality condition.

(r) 4. Credit reporting services (CPC 87901) BE, EL, IT: Nationality condition.

(r) 5. Duplicating services (CPC 87904) 1 EU: Nationality condition for specialists and for graduate trainees.

8.

CONSTRUCTION AND RELATED BG: Foreign specialists must have experience of at least two years in the field of construction. ENGINEERING SERVICES (CPC 511, CPC
512, CPC 513, CPC 514, CPC 515, CPC 516, CPC 517 and CPC 518)

1 Does not include printing services, which fall under CPC 88442 and are to be found under 6.F.(p).

XXX 174

Sector or sub-sector Description of reservations

9.

DISTRIBUTION SERVICES (excluding distribution of arms, munitions and war
material)

C.

Retailing Services 1

10.

EDUCATIONAL SERVICES (only privately funded services)

A.

Primary Education Services (CPC 921) FR: Nationality condition. However, Singaporean nationals may obtain authorisation from the competent authorities to establish and direct an education institution, and to teach.
IT: Nationality condition for service providers who are authorised to issue State-recognized diplomas.

EL: Nationality condition for teachers.

1 Does not include maintenance and repair services, which are to be found in BUSINESS SERVICES under 6.B. and 6.F.(l). Does not include retailing services of energy products which are to be found in ENERGY SERVICES under 19.E and 19.F.

XXX 175

Sector or sub-sector Description of reservations

B.

Secondary Education Services (CPC 922) FR: Nationality condition. However, Singaporean nationals may obtain authorisation from the competent authorities to establish and direct an education institution, and to teach.
IT: Nationality condition for service providers who are authorised to issue State-recognized diplomas.

EL: Nationality condition for teachers.

LV: Nationality condition for technical and vocational secondary school-type education services for handicapped students (CPC 9224).

C.

Higher Education Services (CPC 923) FR: Nationality condition. However, Singaporean nationals may obtain authorisation from the competent authorities to establish and direct an education institution and to teach.
CZ, SK: Nationality condition for higher education services, except for post-secondary technical

and vocational education services (CPC 92310).

IT: Nationality condition for service providers who are authorised to issue State-recognized diplomas.

DK: Nationality condition for professors.

XXX 176

Sector or sub-sector Description of reservations

12.

FINANCIAL SERVICES

A.

Insurance and insurance-related services AT: The management of a branch office must consist of two natural persons resident in Austria.
EE: For direct insurance, the management body of an insurance joint-stock company with Singaporean capital participation may include Singaporean nationals only in proportion to the Singaporean participation and in any event not more than half of the members of the management body. The head of the management of a subsidiary or an independent company must permanently reside in Estonia.

ES: Residency requirement for the actuarial profession (or alternatively two years of experience)

HR: Residency requirement.

IT: Residency requirement for the actuarial profession.

FI: The managing directors and at least one auditor of an insurance company shall have their place of residence in the Union, unless the competent authorities have granted an exemption. The general agent of a Singapore's insurance company shall have his place of residence in Finland, unless the company has its head office in the Union.

XXX 177

Sector or sub-sector Description of reservations

B.

Banking and other financial services BG: Permanent residence in Bulgaria is required for the executive directors and the managerial (excluding insurance) agent.
FI: A managing director and at least one auditor of credits institutions shall have their place of residence in the Union, unless the Financial Supervision Authority has granted an exemption. The broker (individual person) on derivative exchange shall have his place of residence in the Union.

IT: Condition of residency within the territory of a Member State of the Union for "promotori di servizi finanziari" (financial salesmen).

HR: Residency requirement. The management board shall direct the business of a credit institution from the territory of the Republic of Croatia. At least one management board member must be fluent in the Croatian language.

LT: At least one manager must be a citizen of the Union.

PL: Nationality requirement for at least one of the bank executives.

XXX 178

Sector or sub-sector Description of reservations

13.

HEALTH SERVICES AND SOCIAL FR: Authorisation is necessary for the access to management functions. The availability of local SERVICES (only privately funded services) managers is taken into consideration for the authorisation.

A.

Hospital Services (CPC 9311) LV: Economic needs tests for doctors, dentists, midwives, nurses, physiotherapists and para

B.

Ambulance Services (CPC 93192) medical personnel.

C.

Residential health facilities other than hospital PL: Practice of medical profession by foreigners requires permission. Foreign medical doctors services (CPC 93193) have limited election rights within the professional chambers.

E.

Social Services (CPC 933) HR: all persons providing services directly to patients/treating patients need a licence from the
professional chamber.

14.

TOURISM AND TRAVEL RELATED
SERVICES

A.

Hotel, Restaurants and Catering (CPC 641, BG: The number of foreign managers is not to exceed the number of managers who are
CPC 642 and CPC 643) Bulgarian citizens, in cases where the public (state and/or municipal) share in the equity capital

excluding catering in air transport services of a Bulgarian company exceeds 50 per cent.

HR: Nationality requirement for hospitality and catering services in households and rural homesteads.

XXX 179

Sector or sub-sector Description of reservations

B.

Travel Agencies and Tour Operators Services BG: The number of foreign managers is not to exceed the number of managers who are
(including tour managers) (CPC 7471) Bulgarian citizens, in cases where the public (state and/or municipal) share in the equity capital of a Bulgarian company exceeds 50 per cent.

HR: Approval of the Ministry of Tourism for office manager position.

C.

Tourist Guides Services (CPC 7472) BG, CY, ES, FR, EL, HR, HU, IT, LT, MT, PL, PT, SK: Nationality condition.

15.

RECREATIONAL, CULTURAL AND
SPORTING SERVICES (other than audio-visual services)

A.

Entertainment Services (including Theatre, FR: Authorisation is necessary for the access to management functions. The authorisation is

Live Bands, Circus and Discotheque Services) subject to a nationality condition when authorisation for more than two years is required.

(CPC 9619) The artists have obtained an employment contract from an authorised entertainment enterprise.

The work permit is delivered for a period not exceeding nine months renewable for the duration

of the contract. The entertainment enterprise must pay a tax to the International Migration

Office.

XXX 180

Sector or sub-sector Description of reservations

16.

TRANSPORT SERVICES

A.

Maritime Transport

(a) International passenger transportation EU: Nationality condition for ships' crew.

(CPC 7211 less national cabotage transport). AT: Nationality condition for the majority of managing directors.

(b) International freight transportation (CPC 7212 less national cabotage transport)

D.

Road Transport

(a) Passenger Transportation (CPC 7121 and AT: Nationality condition for persons and shareholders entitled to represent a juridical person or CPC 7122) a partnership.

DK, HR: Nationality condition and residency requirement for managers.

BG, MT: Nationality condition.

(b) Freight Transportation (CPC 7123, excluding AT: Nationality condition for persons and shareholders entitled to represent a juridical person or transportation of postal and courier items on a partnership.

own account 1 ). BG, MT: Nationality condition.

HR: Nationality condition and residency requirement for managers.

1 Part of CPC 71235, which is to be found in COMMUNICATION SERVICES under 2.A Postal and Courier Services of Appendix 8-A-1.

XXX 181

Sector or sub-sector Description of reservations

E.

Pipeline transport of goods other than fuel 1 AT: Nationality condition for managing directors.
(CPC 7139)

17.

SERVICES AUXILIARY TO TRANSPORT 2

A.

Services auxiliary to Maritime Transport AT: Nationality condition for the majority of managing directors.

(a) Storage and warehousing Services (part of BG, MT: Nationality condition.

CPC 742) DK: Requirement of residency for customs clearance services. (b) Customs Clearance Services EL: Nationality condition for customs clearance services.

(d) Maritime Agency Services

(e) Maritime Freight Forwarding Services

(f) Rental of Vessels with Crew (CPC 7213)

1 Pipeline transportation of fuels is to be found in ENERGY SERVICES under 19.B.

2 Does not include maintenance and repair services of transport equipment, which are to be found in BUSINESS SERVICES under 6.F.(l)1. to 6.F.(l)4.

XXX 182 Sector or sub-sector Description of reservations

(g) Pushing and towing services (CPC 7214)

(h) Supporting services for maritime transport

(part of CPC 745)

(i) Other supporting and auxiliary services

(excluding catering) (part of CPC 749)

D.

Services auxiliary to road transport AT: Nationality condition for persons and shareholders entitled to represent a juridical person or

(d) Rental of Commercial Road Vehicles with a partnership.

Operators (CPC 7124) BG, MT: Nationality condition.

XXX 183

Sector or sub-sector Description of reservations

F.

Services auxiliary to pipeline transport of AT: Nationality condition for managing directors. goods other than fuel 1

(a) Storage and warehouse services of goods other than fuel transported by pipelines (part of CPC 742)

19.

ENERGY SERVICES

A.

Services Incidental to Mining (CPC 883) 2 SK: Residency requirement.

1 Services auxiliary to pipeline transportation of fuels are to be found in ENERGY SERVICES under 19.C.

2 Includes the following service rendered on a fee or contract basis: advisory and consulting services relating to mining, on-land site preparation, on-land rig installation, drilling, drilling bits services, casing and tubular services, mud engineering and supply, solids control, fishing and

downhole special operations, wellsite geology and drilling control, core taking, well testing, wireline services, supply and operation of completion fluids (brines) supply and installation of completion devices, cementing (pressure pumping), stimulation services (fracturing, acidising and pressure pumping), workover and well repair services, plugging and abandoning of wells. Does not include direct access to or exploitation of natural resources. Does not include site preparation work for mining of resources other than oil and gas (CPC 5115), which is to be found under 8. CONSTRUCTION AND RELATED ENGINEERING SERVICES.

XXX 184

Sector or sub-sector Description of reservations

20.

OTHER SERVICES NOT INCLUDED
ELSEWHERE

(a) Washing, Cleaning and Dyeing services EU: Nationality condition for specialists and for graduate trainees. (CPC 9701)

(b) Hairdressing services (CPC 97021) EU: Nationality condition for specialists and for graduate trainees.

(c) Cosmetic treatment, manicuring and EU: Nationality condition for specialists and for graduate trainees. pedicuring services (CPC 97022)

(d) Other beauty treatment services n.e.c EU: Nationality condition for specialists and for graduate trainees. (CPC 97029)

XXX 185 Sector or sub-sector Description of reservations

(e) Spa services and non therapeutical massages, EU: Nationality condition for specialists and for graduate trainees. to the extent that they are provided as

relaxation physical well-being services and not for medical or rehabilitation purposes 1 (CPC ver. 1.0 97230)

________________

1 Therapeutical massages and thermal cure services are to be found under 6.A.(h) Medical and Dental services, 6.A.(j)2. Services provided by Nurses, Physiotherapists and Paramedical personnel, and health services (13.A and 13.C).

XXX 186 ANNEX 8-B

SINGAPORE'S SCHEDULE OF SPECIFIC COMMITMENTS

SOLE ARTICLE

Singapore's Schedule of Specific Commitments is set out in Appendices 8-B-1 to 8-B-2.

XXX 187

Appendix 8-B-1

SINGAPORE

SCHEDULE OF SPECIFIC COMMITMENTS

EXPLANATORY NOTES

1.

The classification of service sectors in this schedule is based on the 1991 provisional Central
Product Classification (CPC) of the United Nations Statistical Office unless otherwise

indicated by the absence of a CPC number. The ordering reflects the services sectoral

classification list as used in the GATT document MTN.GNS/W/120 dated 10 July 1991. The

scheduling of specific commitments follows the guidelines stated in GATT documents

MTN.GNS/W/164 dated 3 September 1993 and MTN.GNS/W/164/Add.1 dated

30 November 1993.

2.

The use of "**" against individual CPC codes indicates that the specific commitment for that
code shall not extend to the total range of services covered under that code.

3.

The classification of establishment sectors in this schedule is based on the International
Standard Industrial Classification (ISIC) Revision 3 of the United Nations Statistical Office.

As necessary and appropriate, Singapore could specify the exact coverage of the commitment

if the commitment does not exactly conform to the classification system.

XXX 188

4.

The list of commitments below (hereinafter referred to as "this Schedule") indicates the
service sectors liberalised pursuant to Article 8.7 (Schedule of Specific Commitments) and

Article 8.12 (Schedule of Specific Commitments), and, by means of reservations, the market

access and national treatment limitations that apply to services and service suppliers of the

Union in those sectors. This Schedule is composed of the following elements:

(a) the first column indicating the sector or subsector in which the commitment is

undertaken by Singapore, and the scope of liberalisation to which the reservations

apply;

(b) the second column describing the applicable reservations to Article 8.5 (Market Access)

and Article 8.10 (Market Access) in the sector or subsector indicated in the first column;

Treatment) and Article 8.11 (National Treatment) in the sector or subsector indicated in

the first column; and

(d) the fourth column describing specific commitments on measures affecting the

cross-border supply of services and establishment in service sectors not subject to

scheduling under Article 8.5 (Market Access) and Article 8.10 (Market Access) and

Article 8.6 (National Treatment) and Article 8.11 (National Treatment).

5.

Notwithstanding Article 8.10 (Market Access), non-discriminatory requirements as regards
the types of legal form of an establishment do not need to be specified in this Schedule in

order to be maintained or adopted by Singapore.

XXX 189

6.

This Schedule does not include measures relating to qualification requirements and
procedures, technical standards and licensing requirements when they do not constitute a

market access or a national treatment limitation within the meaning of Article 8.5 (Market

Access) and Article 8.10 (Market Access) and Article 8.6 (National Treatment) and

Article 8.11 (National Treatment). Those measures (e.g. need to obtain a license, universal

service obligations, need to obtain recognition of qualifications in regulated sectors, and need

to pass specific examinations, including language examinations and need to have a legal

domicile in the territory where the economic activity is performed), even if not listed, apply in

any case to services and service suppliers of the Union.

7.

In accordance with paragraph 2(a) of Article 8.1 (Objective and Scope), this Schedule shall
not apply to subsidies or grants provided by a Party, including government-supported loans,

guarantees, and insurance.

XXX 190

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/LIMITATIONS

ALL SECTORS (i) Singapore dollar loans by local and foreign-owned financial institutions, to non-residents, non-resident controlled

INCLUDED IN THIS companies and to residents for use outside Singapore require MAS' prior approval.

SCHEDULE (ii) Financial institutions shall not extend S$ credit facilities to non-resident financial entities if there is reason to believe

that the S$ proceeds may be used for S$ currency speculation.

Unbound for measures affecting the type of activities which may be conducted on land or the usage of land, including but not

limited to, land zoning, land use and urban planning policies.

Unbound for measures affecting real estate. This includes, but is not limited to, measures affecting the ownership, sale, purchase, development and management of real estate.

Unbound for measures affecting:

(i) the full or partial devolvement to the private sector of services provided in the exercise of governmental authority;

(ii) the divestment of its equity interests in, and/or the assets of, an enterprise that is wholly owned by the Singapore government; and

(iii) the divestment of its equity interests in, and/or the assets or, an enterprise that is partially owned by the Singapore government.

XXX 191

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

Unbound for measures in relation to the divestment of the administrator and operator of airports.

Individual investors, apart from the Singapore Government, shall be subject to the following equity ownership limits in the

enterprises, and/or their successor bodies, listed below:

(i) Singapore Technologies Engineering: 15 %

(ii) Singapore Power, Power Grid, Power Supply, Power Gas: 10 %

(iii) PSA Corporation: 5 %

(iv) Singapore Airlines: 5 %

For the purposes of this schedule, ownership of equity by an investor in these enterprises and/or their successor bodies includes both direct and indirect ownership of equity.

XXX 192 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

The aggregate of foreign shareholdings in PSA Corporation and/or its successor body is subject to a 49 % limit.

The "aggregate of foreign shareholdings" is defined as the total number of shares owned by:

(i) Any individual who is not a Singapore citizen;

(ii) Any corporation which is not more than 50 % owned by Singapore citizens or by the Singapore Government; and/or

(iii) Any other enterprise which is not owned or controlled by the Singapore Government.

Unbound for measures in relation to the retention of a controlling interest by the Singapore Government in Singapore Technologies Engineering ("the Company") and/or its successor body, including but not limited to controls over the appointment and termination of members of the Board of Directors, divestment of equity and dissolution of the Company.

Unbound for measures affecting the arms and explosives sector, including the manufacture, use, sale, storage, transport, importation, exportation, and possession of arms and explosives.

XXX 193 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

1), 2), 3), 4) Specific commitments in Where a person required to be market access in any sector or subsector, registered under the Business through any mode of delivery, shall not be Registration Act (Cap. 32, 2001 construed to override the limitations Revised Edition) is, or, in the case of established in the financial services sector any corporation, the directors are, or the secretary of the corporation is, not ordinarily resident in Singapore, a local manager 1 must be appointed. 2

1 Persons who qualify to be appointed in such a capacity are primarily Singapore citizens, Singapore permanent residents and EntrePass holders (all with local address).

2 Following the conclusion of the review of the Business Registration Act, any amendment to the Act by Singapore to delete any restriction for businesses conducted wholly online as appropriate, will be incorporated into this schedule.

XXX 194 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

The Schedule does not include measures relating to eligibility or qualification requirements and procedures, technical standards, and requirements and procedures relating to applications for work passes. Those measures (e.g. need to obtain recognised qualifications or need to meet certain salary or experience requirements), even if not listed below, apply in any case to key personnel and graduate trainees from the EU. EU graduate trainees may be subject to labour market tests.

Commitments on key personnel and graduate trainees do not apply in cases where the intent or effect of their temporary presence is to interfere with, or otherwise affect the outcome of, any labour/management dispute or negotiation.

4)

Presence of natural persons unbound, 4) Unbound except as per the commitment under Section D (Temporary Presence of Natural Persons for Business Purposes), and subject to sector specific limitations.

Graduate Trainees(GT)

Unbound for sectors or sub-sectors as below:

Financial Services

XXX 195 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

SECTOR SPECIFIC COMMITMENTS/LIMITATIONS

1.

BUSINESS SERVICES

A.

Professional Services

International Commercial 1) None 1) None

Arbitration Services in relation to 2) None 2) None

international law, foreign law and

Singapore law (86190) 3) None 3) None 4) Unbound except as indicated in 4) Unbound except as indicated in

the horizontal section. In relation to the horizontal section. In relation to international commercial arbitration international commercial arbitration work, EU lawyers may participate work, EU lawyers may participate in international commercial in international commercial arbitration proceedings in arbitration proceedings in Singapore as permitted under the Singapore as permitted under the Legal Profession Act (Cap 161). Legal Profession Act (Cap 161).

XXX 196 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

Legal Services (apart from 1) None, except applicable 1) None, except as indicated in the

International Commercial registration requirements market access column

Arbitration Services in relation to 2) None 2) None

International Law and Legal

Services in relation to Home 3) None, except applicable 3) None, except as indicated in the

Country law) (861**) registration requirements market access column 4) Unbound except as indicated in 4) Unbound except as indicated in

the horizontal section, and subject the horizontal section, and subject to applicable registration to applicable registration requirements requirements

XXX 197 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

Legal Services in relation to 1) None, except only persons who 1) None, except as indicated in the

Singapore law 1 (861**) are admitted to the Singapore Bar, market access column

registered as members with the Law 2) None

Society of Singapore, and holding a

valid Practising Certificate are 3) None, except as indicated in the allowed to provide legal services in market access column

relation to Singapore law. 4) Unbound

1 Due to the gradual liberalisation process of Singapore's legal services market, Singapore cannot yet commit to further market access in this sector. The Parties will, with a view to granting further market access, review their commitments in legal services no later than two years after entry into force of the EUSFTA. The Trade Committee may amend either Party’s schedules in this respect.

XXX 198 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

2)

None

3)

Only persons who are admitted to the Singapore Bar, registered as members with the Law Society of Singapore, and holding a valid Practising Certificate are allowed to provide legal services in relation to Singapore law.
XXX 199 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

EU law enterprises may only provide legal services in relation to Singapore law through a Joint Law Venture or Formal Law Alliance with a Singapore law enterprise, and only to the extent allowed by the laws, rules, and regulations concerning Joint Law Ventures and Formal Law Alliances, and subject to the conditions and requirements relating to Joint Law Ventures and Formal Law Alliances. However, Singapore will modify these conditions and restrictions in favour of EU law enterprises as follows:

XXX 200 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

(i) the minimum number of EU lawyers resident in Singapore which the EU law enterprise is required to maintain in a Joint Law Venture or a

Formal Law Alliance shall be reduced from 5 to 3, at least 2 of whom shall be equity partners or a member of the board of directors of the EU law enterprise;

XXX 201 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

(ii) the minimum relevant experience required of the 3 EU lawyers referred to in paragraph (i) shall be considered on an aggregate basis of 15 years, rather than on the basis of an individual experience of 5 years for each EU lawyer;

(iii) the minimum required relevant experience for EU lawyers working in a Joint Law Venture who wishes to apply to practise Singapore law under the Legal

Profession Act shall be reduced from 5 years to 3 years;

XXX 202 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

4)

Unbound except as indicated in the horizontal section

In relation to international commercial arbitration work, EU lawyers may participate in international commercial arbitration proceedings in Singapore as permitted under the Legal Profession Act (Cap 161).

Accounting, auditing and 1) None 1) None

bookkeeping services, except for 2) None 2) None

financial auditing services (862**) 3) None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section
XXX 203 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

Financial auditing services (86211) 1) None, except that public 1) None, except that public accountants must be ordinarily accountants must be ordinarily resident in Singapore or at least one resident in Singapore or at least one of the partners of the firm must be of the partners of the firm must be ordinarily resident in Singapore ordinarily resident in Singapore

2)

None 2) None

3)

None 3) As in Mode 1)

4)

Unbound except as indicated in 4) Unbound the horizontal section

Taxation services (863) 1) None 1) None

2)

None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section
XXX 204 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

Architectural services (8671) 1) None 1) None

2)

None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section

Engineering services (8672) 1) None 1) None

2)

None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section

Integrated engineering 1) None 1) None

services (8673) 2) None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section
XXX 205 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

Landscape architectural services 1) None 1) None

(86742 ) 2) None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section

Medical services (93121 & 93122) 1) Unbound 1) None

2)

None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section. The number of new foreign doctors registered each year may be limited depending on the total supply of doctors.
XXX 206 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

Dental services (93123) 1) Unbound 1) None

2)

None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section. The number of new foreign dentists registered each year may be limited depending on the total supply of dentists.

Veterinary services (932) 1) None 1) None

2)

None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section
XXX 207 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

Services provided by midwives, 1) Unbound 1) None

nurses, physiotherapists and 2) None 2) None

para-medical personnel (93191**) 3) None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section

B.

Computer and Related Services

Computer and Related Services 1) None 1) None

(84)
2) None 2) None
- 3)
  
  None 3) None
- 4)
  
  Unbound except as indicated in 4) Unbound the horizontal section
  XXX 208 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

C.

Research and Development Services

Research and development services 1) None 1) None

on natural sciences (851) 2) None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section

Research and development services 1) None 1) None

on social sciences and humanities, 2) None 2) None

except legal research (852**) 3) None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section

Interdisciplinary research and 1) None 1) None

development services (853) 2) None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section
XXX 209 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

D.

Real Estate Services

Renting or leasing services 1) None 1) None

involving owned or leased non 2) None 2) None

residential property (82102) 3) None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section

Residential and non-residential 1) None, except that only the 1) None, except that only the property management services on a Sentosa Development Corporation Sentosa Development Corporation fee or contract basis (82201, 82202) and/or its successor is allowed to and/or its successor is allowed to

develop and manage the resort develop and manage the resort island of Sentosa and its waterways. island of Sentosa and its waterways.

However, subject to approval, However, subject to approval, private developers are allowed to private developers are allowed to develop specific plots of land on develop specific plots of land on Sentosa for commercial, residential, Sentosa for commercial, residential, and recreational purposes. and recreational purposes.

XXX 210 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

2)

None 2) None

3)

None, except that only the 3) None, except that only the Sentosa Development Corporation Sentosa Development Corporation is allowed to develop and manage is allowed to develop and manage the resort island of Sentosa and its the resort island of Sentosa and its waterways. However, subject to waterways. However, subject to approval, private developers are approval, private developers are allowed to develop specific plots of allowed to develop specific plots of land on Sentosa for commercial, land on Sentosa for commercial, residential, and recreational residential, and recreational purposes. purposes.

4)

Unbound except as indicated in 4) Unbound the horizontal section
XXX 211 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

E.

Rental/Leasing Services without Operators

Leasing or rental services without 1) None 1) None

operators relating to ships (83103) 2) None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section

Leasing or rental services 1) None except that the rental of 1) None except that the rental of concerning private cars, goods private cars, goods transport foreign registered vehicles by transport vehicles, and other land vehicles and other land transport Singapore residents for usage in transport equipment without equipment without operator by Singapore is prohibited

operators (83101, 83102, Singapore residents with the intent 2) None

83105) to use the vehicles in Singapore is

prohibited 3) None 2) None 4) Unbound

3)

None

4)

Unbound except as indicated in the horizontal section
XXX 212 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

Leasing or rental services relating 1) None 1) None

to other machinery and equipment 2) None 2) None

(83106-83109) 3) None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section

Leasing or rental services 1) None 1) None

concerning personal and household 2) None 2) None

goods (832) 3) None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section

F.

Other Business Services

Advertising services (871) 1) None 1) None

2)

None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section
XXX 213 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

Market research and public opinion 1) None 1) None

polling services (864) 2) None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section

Management consulting services 1) None 1) None

(865) 2) None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section

Services related to management 1) None 1) None

consulting (866) 2) None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section
XXX 214 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

Technical testing and analysis 1) None 1) None

services, excluding testing and 2) None 2) None

analysis services of: 3) None 3) None automobiles 4) Unbound except as indicated in 4) Unbound

classification societies the horizontal section

animals, plants, and products derived from animals and plants

(8676**)

Technical testing and analysis 1) Unbound 1) Unbound

services of automobiles (8676**) 2) None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section
XXX 215 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

Technical testing and analysis 1) Unbound 1) Unbound

services of animals, plants, and 2) None 2) None

products derived from animals and

plants (8676**) 3) None 3) None 4) Unbound except as indicated in 4) Unbound except as indicated in

the horizontal section the horizontal section

Services incidental to agriculture, 1) None 1) None

hunting, forestry and fishing, 2) None 2) None

excluding: 3) None 3) None services of farm labour contractors; 4) Unbound except as indicated in 4) Unbound

firefighting; the horizontal section

forest services including forest damage services; and

logging related services

XXX 216 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

but including consultancy services for forest service including forest service, and logging related services (881**, 882**)

Services incidental to mining (883, 1) None 1) None

5115) 2) None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section

Services incidental to 1) None 1) None

manufacturing (884 & 885, except 2) None 2) None

88442) 3) None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section
XXX 217 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

Transport distribution, retail and 1) Unbound 1) Unbound

services incidental to the 2) None 2) None

distribution of piped gas 3) Unbound except for trading and 3) Unbound

retailing of natural gas 4) Unbound

4)

Unbound except as indicated in the horizontal section

Retail of electricity 1) Unbound 1) Unbound

2)

None 2) None

3)

Unbound except for supply of 3) Unbound

electricity above five MW 4) Unbound

4)

Unbound except as indicated in the horizontal section
XXX 218 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

Transportation of fuels (7131) 1) Unbound 1) Unbound

2)

None 2) None

3)

Unbound 3) Unbound

4)

Unbound except as indicated in 4) Unbound the horizontal section

Geological, geophysical and other 1) Unbound 1) Unbound

scientific prospecting services 2) None 2) None

(86751) 3) Unbound 3) Unbound

4)

Unbound except as indicated in 4) Unbound the horizontal section

Placement and supply services of 1) None 1) None

personnel (872) 2) None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section
XXX 219 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

G.

Investigation and Security

Private investigations services Limitation on market access and 1) Unbound

(87301**) national treatment 2) None

All commitments in this sector are 3) None

subject to the Private Security

Industry Act (PSIA). The Act 4) Unbound

stipulates that foreigners are not allowed to work as private investigators but can be involved in the administration of the company.

1)

Unbound

2)

None

3)

None

4)

Unbound except as indicated in the horizontal section
XXX 220 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

Security consultation services 1) None 1) None

(87302) 2) None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section

Alarm monitoring services (87303) 1) None 1) None

2)

None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section
XXX 221 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

Unarmed guard services (87305**) Limitation on market access and 1) Unbound

national treatment 2) None All commitments in this sector are 3) None

subject to the Private Security

Industry Act (PSIA). The Act 4) Unbound

stipulates that:

– Foreigners are permitted to set up agencies to provide unarmed guards for hire but must register a company with local participation.

– In other words, at least two of the directors must be

Singaporeans or Singaporean permanent residents.

XXX 222 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

– The foreign directors must produce a certificate of no criminal conviction from their country of origin or a

statutory declaration before a local commissioner of oaths.

– Foreigners are not allowed to work as guards, but can be

involved in the administration of the company

1)

Unbound

2)

None

3)

None

4)

Unbound except as indicated in the horizontal section
XXX 223 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

Maintenance and repair of 1) None 1) None

equipment (not including maritime 2) None 2) None

vessels, aircraft or other transport

equipment) (633, 8861-8866**) 3) None 3) None 4) Unbound except as indicated in 4) Unbound

the horizontal section

Building cleaning services (874) 1) None 1) None

2)

None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section

Photographic services (875) 1) None 1) None

2)

None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section
XXX 224 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

Packaging services (876) 1) None 1) None

2)

None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section

Convention and exhibition 1) None 1) None

management services (87909**) 2) None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section

Secretarial services (87909**) 1) None 1) None

2)

None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section
XXX 225 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

Telephone answering services 1) None 1) None

(87903) 2) None 2) None

This excludes services licensed and 3) None 3) None

regulated under the Singapore

Broadcasting Authority Act 4) Unbound except as indicated in 4) Unbound the horizontal section

Duplicating services (87904) 1) None 1) None

2)

None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section

Translation and interpretation 1) None 1) None

services (87905) 2) None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section
XXX 226 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

Specialty design services (87907) 1) None 1) None

2)

None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section

2.

COMMUNICATION SERVICES

A.

Postal and Courier Services

Postal Services 1) Subject to commercial 1) None

1.

Basic letter services – arrangements with licensed 2) None
operator(s). 3) None

XXX 227 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

Services for the conveyance 2) None 4) Unbound

of letters 1 (other than express 3) All service suppliers must be letters) which weigh 500 incorporated as companies under grams or less from one place the Companies Act (Cap. 50). 2

to another, including the

incidental services of 4) Unbound except as indicated in receiving, collecting, sorting, the horizontal section

sending, despatching and delivering such letters and any other services which relates to any of those services and is provided in conjunction with any of them.

1 A "letter" means any communication in written form on any kind of physical medium to be conveyed and delivered (otherwise than electronically) to a particular addressee or address indicated by the sender on the letter itself or on its wrapping, and includes a postal article containing such communication, but does not include any book, catalogue, newspaper or periodical.

2 The security conditions cannot in any case constitute a means of arbitrary or unjustifiable discrimination against the EU operators, or a disguised restriction on establishment or cross border supply of services.

XXX 228

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

2.

Express letter services – 1) Subject to commercial 1) None
Services for the conveyance arrangements with licensed 2) None

of express letters (including operator(s).

local express letters 1 and 3) None 2) None

international express letters 2 ) 4) Unbound

which weigh 500 grams or 3) None

less from one place to 4) Unbound except as indicated in another, including the the horizontal section

incidental services of receiving, collecting, sorting, sending, despatching and delivering such express letters and any other services which relates to any of those services and is provided in conjunction with any of them.

1 A "local express letter" means a letter originating from a sender in Singapore and intended for delivery within Singapore within the same working day.

2 An "international express letter" means a letter – (i) originating from a sender in Singapore and intended for delivery to a destination outside

Singapore at a rate faster than the published delivery standard for air mail letters despatched by the public postal licensee; or (ii) originating from

a sender outside Singapore and intended for delivery within the same working day in Singapore.

XXX 229

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

B.

Courier Services

Courier services 1) None 1) None

Courier services in respect of 2) None 2) None

documents, parcels and packages, 3) None 3) None

excluding letters (as defined above)

which weigh 500 grams or less. 4) Unbound except as indicated in 4) Unbound except as indicated in the horizontal section the horizontal section

C.

Telecommunications Notes

Services 1 The number of licences granted will be limited only by physical and resource constraints such as the availability

of frequency spectrum and land.

1 Telecommunication services exclude broadcasting services, which are services consisting of the uninterrupted chains of transmission by wired or wireless means required for the reception and/or display of aural and/or visual programme signals by all or part of the public.

XXX 230

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

1.

Basic Telecommunication 1) Subject to commercial 1) None
Services 1 , including resale arrangements with licensed 2) None

(facilities-based and servicesoperator(s)

based): 3) None 2) None

(a) Public Switched Services 2 4) Unbound 3) All service suppliers must be

(local and international) incorporated as companies under

(b) Leased Circuit Services (local the Companies Act (Cap. 50)

and international) 4) Unbound, except as indicated in

the horizontal section

1 Basic Telecommunication Services may be provided using satellite technology.

2 This includes voice, data and facsimile services.

XXX 231 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

2.

Mobile Services 1 , including 1) Subject to commercial 1) None
resale (facilities-based and arrangements with licensed 2) None

services-based): operator(s) 3) None

(a) Public Mobile Data Service 2) None

(PMDS) 4) Unbound 3) All service suppliers must be

(b) Public Trunked Radio Service incorporated as companies under

(PTRS) the Companies Act (Cap. 50)

(PRPS) the horizontal section

(d) Public Cellular Mobile

Telephone Service (PCMTS)

1 Mobile Services may be provided using satellite technology.

XXX 232 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

3.

Value-added Network (VAN) 1) None 1) None
services 2) None 2) None The services covered are: 3) None 3) None

– electronic-mail 4) Unbound, except as indicated in 4) Unbound

– voice-mail the horizontal section

– on-line information and data-base retrieval

– electronic data interchange

– on-line information and/or data processing

XXX 233 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

3.

CONSTRUCTION AND RELATED ENGINEERING SERVICES

Construction Services 1) None 1) None

Consisting of: 2) None 2) None

– General Construction for 3) None 3) None

Buildings (CPC 512) 4) Unbound except as indicated in 4) Unbound

– General Construction work the horizontal section for civil engineering (CPC

513)

– Installation and assembly work (CPC 514 + 516)

– Building Completion and finishing work (CPC 517)

– Others (CPC 511 + 515 +

518)

XXX 234 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

4.

DISTRIBUTION SERVICES

A.

Commission Agents' Services

Commission agents' services, Horizontal limitations on Market 1) None

except sales on a fee or contract Access and National Treatment 2) None basis of pharmaceutical and Unless otherwise specified,

medical goods and cosmetics 3) None distribution services of any product

(621**, except 62117) subject to import prohibition or 4) Unbound

non-automatic import licensing shall be excluded from the scope of these commitments.

1)

None

2)

None

3)

None

4)

Unbound except as indicated in the horizontal section
XXX 235 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

Sales on a fee or contract basis of Horizontal limitations on Market 1) None

pharmaceutical and medical goods Access and National Treatment 2) None and cosmetics not intended for the Unless otherwise specified,

Singapore market (62117**) 3) None distribution services of any product

subject to import prohibition or 4) Unbound

non-automatic import licensing shall be excluded from the scope of these commitments.

1)

None

2)

None

3)

None

4)

Unbound except as indicated in the horizontal section
XXX 236 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

Sales on a fee or contract basis of 1) Unbound 1) Unbound

pharmaceutical goods and medical 2) None 2) None

goods and cosmetics intended for

the Singapore market (62117**) 3) None 3) None 4) Unbound except as indicated in 4) Unbound

the horizontal section

B.

Wholesale Trade Services
XXX 237 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

Wholesale trade services except for Horizontal limitations on Market 1) None

pharmaceutical goods and medical Access and National Treatment 2) None goods and surgical and orthopaedic Unless otherwise specified,

instruments (622**) 3) None distribution services of any product

subject to import prohibition or 4) Unbound

non-automatic import licensing shall be excluded from the scope of these commitments.

1)

None

2)

None

3)

None

4)

Unbound except as indicated in the horizontal section
XXX 238 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

Wholesale trade of pharmaceutical 1) Unbound 1) Unbound

goods and medical goods and 2) None 2) None

surgical and orthopaedic

instruments (62251 & 62252) 3) None 3) None 4) Unbound except as indicated in 4) Unbound

the horizontal section

C.

Retailing Services
XXX 239 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

Non-food Retailing services except Horizontal limitations on Market 1) None

for pharmaceutical goods and Access and National Treatment 2) None

medical goods (632**) Unless otherwise specified, 3) None

distribution services of any product

subject to import prohibition or 4) Unbound

non-automatic import licensing shall be excluded from the scope of these commitments.

1)

None

2)

None

3)

None

4)

Unbound except as indicated in the horizontal section
XXX 240 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

Retail sales of food, beverages and Horizontal limitations on Market 1) None

tobacco, except for retail sales of Access and National Treatment 2) None tobacco products and retail sales of Unless otherwise specified,

alcoholic beverages (6310*) 3) None distribution services of any product

subject to import prohibition or 4) Unbound

non-automatic import licensing shall be excluded from the scope of these commitments.

1)

None

2)

None

3)

None

4)

Unbound except as indicated in the horizontal section
XXX 241 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

Retail sales of pharmaceutical, 1) Unbound 1) Unbound

medical and orthopaedic goods 2) None 2) None

(63211) 3) None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section

Sales of motor vehicles 1) None 1) None

Only: 2) None 2) None

Wholesale trade services of motor 3) None 3) None

vehicles (61111) 4) Unbound except as indicated in 4) Unbound

Retail sales of motor vehicles the horizontal section

(61112)

Sales of parts and accessories of motor vehicles (61130)

Sales of motorcycles and snowmobiles and related parts and accessories (61210)

XXX 242 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

D.

Franchising

Franchising services (8929**) 1) None 1) None

2)

None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section

5.

EDUCATION SERVICES

Primary Education Services Unbound for Modes 1 – 4 for the Unbound for Modes 1 – 4 for the

(921**) provision of preschool and primary provision of preschool and primary education services for Singapore education services for Singapore

citizens, including sports education citizens, including sports education services. Otherwise, services. Otherwise,

1)

None 1) None

2)

None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section
XXX 243 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

General secondary and higher Unbound for Modes 1 – 4 for the Unbound for Modes 1 – 4 for

secondary education services provision of general secondary and the provision of general secondary

(9221**, 9222**) higher secondary (only applies to and higher secondary (only applies junior colleges and pre university to junior colleges and pre university centres under the Singapore centres under the Singapore

educational system) education educational system) education services for Singapore citizens, services for Singapore citizens, including sports education services. including sports education services. Otherwise, Otherwise, 1) None 1) None 2) None 2) None 3) None 3) None 4) Unbound except as indicated in 4) Unbound

the horizontal section

XXX 244 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

Post-secondary technical and 1) None 1) None

vocational education services (only 2) None 2) None

non-publicly funded education

institutions) (92230*, 92240*, 3) None 3) None

92310) 4) Unbound except as indicated in 4) Unbound the horizontal section

Other higher education services, 1) None 1) None

excluding training of doctors (only 2) None 2) None

local tertiary institutions 1 shall be

allowed to operate undergraduate or 3) None 3) None

graduate programmes for the 4) Unbound except as indicated in 4) Unbound training of doctors in Singapore) the horizontal section

(92390**)

1 Local tertiary institutions are tertiary institutions which are established pursuant to an Act of Parliament, or as designated by the Ministry of Education.

XXX 245 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

Adult education services (92400) 1) None 1) None

2)

None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section

Other education services (92900) 1) None 1) None

2)

None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section
XXX 246 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

6.

ENVIRONMENTAL SERVICES

Sewage Services (94010) 1) Unbound, except for consulting 1) Unbound, except for consulting services services

2)

None 2) None

3)

Unbound 3) Unbound

4)

Unbound except as indicated in 4) Unbound the horizontal section
XXX 247 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

Refuse Collection Services except 1) Unbound, except for consulting 1) Unbound, except for consulting

Hazardous waste management services services

(94020*) 2) None 2) None

3)

None, except the refuse collector 3) None

must be incorporated in Singapore. 4) Unbound

The number of Public Waste Collectors is limited by the number of geographical sectors in Singapore.

4)

Unbound except as indicated in the horizontal section
XXX 248 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

Refuse Disposal Services except 1) Unbound, except for consulting 1) Unbound, except for consulting

Landfill Services and Hazardous services services

waste management (94020*) 2) None 2) None

3)

None, except the company must 3) None

be incorporated in Singapore 4) Unbound

4)

Unbound except as indicated in the horizontal section

Hazardous waste management, 1) Unbound, except for consulting 1) Unbound, except for consulting including collection, disposal, and services services

treatment of hazardous waste 2) None 2) None

(94020*) 3) None, except the company must 3) None

be incorporated in Singapore. 4) Unbound

4)

Unbound except as indicated in the horizontal section
XXX 249 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

Sanitation and similar services 1) Unbound, except for consulting 1) Unbound, except for consulting

(94030) services services

2)

None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section

Cleaning services of exhaust gases 1) Unbound, except for consulting 1) Unbound, except for consulting

(94040) services services

2)

None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section
XXX 250 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

Noise abatement services (94050) 1) Unbound, except for consulting 1) Unbound, except for consulting services services

2)

None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section

Nature and landscape protection 1) Unbound, except for consulting 1) Unbound, except for consulting services (94060) services services

2)

None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section
XXX 251 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

7.

FINANCIAL SERVICES Note
All the commitments in this Schedule are subject to horizontal commitments in Singapore's Schedule of Specific

Commitments. All the commitments in this Schedule are also subject to entry requirements, admission criteria,

domestic laws, guidelines, rules and regulations, terms and conditions of the Monetary Authority of Singapore

(MAS) or any other relevant authority or body in Singapore, as the case may be provided that they do not

circumvent Singapore's obligations taken herewith. Juridical persons supplying financial services are subject to

non-discriminatory limitations on juridical form 1 .

A.

INSURANCE AND INSURANCE-RELATED SERVICES

1 For example, partnerships and sole proprietorships are generally not acceptable juridical forms for depository financial institutions in Singapore. This headnote is not itself intended to affect, or otherwise limit, a choice by a financial service supplier of the other Party between branches or

subsidiaries.

XXX 252

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

(a) Life insurance services 1) Unbound 1) Unbound

including annuity, disability 2) None 2) None

income, accident and health

insurance services 3) These measures are also 3) None limitations on national treatment. In 4) Unbound except as indicated in

considering the admission of the horizontal section.

insurers under the Central Provident Fund Investment Scheme (CPFIS), the Central Provident Fund Board takes into consideration the following factors:

(a) whether the insurer has a minimum one-year track record as a registered insurer in Singapore;

XXX 253 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

(b) whether the insurer employs a minimum of three fund

management staff, one of whom must have at least five years of fund management experience. The other two may only have two years of fund management experience if he or she:

(i) is a fully qualified Chartered Financial Analyst (CFA), or

(ii) is an Associate of the Society of Actuaries, or

XXX 254 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

(iii) holds a Certificate in Finance and

Investments from the Institute of Actuaries, or

(iv) holds an equivalent qualification from any of the professional actuarial bodies

recognised in Singapore; and

XXX 255 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

For the purpose of this limitation, the definition of "fund management staff" shall include portfolio managers, research analysts and traders.

4)

Unbound except as indicated in the horizontal section.

(b) Non-life insurance services 1) Unbound except that insurers 1) As indicated in the MA column.

including disability income, which are authorised or licensed to 2) None

short term accident and health provide non-life insurance services

insurance and contracts of in the European Union may provide 3) None

fidelity bonds, performance insurance of maritime, aviation and 4) Unbound except as indicated in bonds or similar contracts of transit ("MAT") risks comprising: the horizontal section.

guarantee

XXX 256 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

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

(ii) goods in international transit.

2)

These measures are also limitations on national treatment.
XXX 257 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

None except that compulsory insurance of Motor Third Party Liability and Workmen's Compensation may only be purchased from licensed insurance companies 1 in Singapore.

3)

None

4)

Unbound except as indicated in the horizontal section.

2)

None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound except as indicated in the horizontal section. the horizontal section.

1 Licensing is expressed as, and equivalent to, registration for insurance companies, and insurance brokers carrying on insurance business in Singapore as provided for in Singapore domestic law on insurance.

XXX 258 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

(d) Insurance intermediation 1) Unbound except that brokers 1) As indicated in the MA column

comprising broking and which are authorised or licensed to 2) None

agency services provide "MAT" and reinsurance

intermediation in the EU may 3) None

supply such services. 4) Unbound except as indicated in

2)

The placement of domestic risks the horizontal section

outside Singapore by brokers is subject to the approval of MAS, with the exception of reinsurance risks and insurance risks relating to maritime liabilities of ship owners insured by protection & indemnity clubs, or marine, aviation and transit business insured with an approved MAT insurer.

XXX 259 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

3)

None

4)

Unbound except as indicated in the horizontal section.

(e) Services auxiliary to 1) None 1) None

insurance comprising 2) None 2) None

actuarial, loss adjustors,

average adjustors and 3) None 3) None

consultancy services 4) Unbound except as indicated in 4) Unbound except as indicated in the horizontal section the horizontal section

XXX 260 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

B.

BANKING AND OTHER Note

FINANCIAL SERVICES All the commitments in this Schedule are subject to horizontal commitments in Singapore's Schedule of Specific

Commitments. All the commitments in this Schedule are also subject to entry requirements, admission criteria, domestic laws, guidelines, rules and regulations, terms and conditions of the Monetary Authority of Singapore (MAS) or any other relevant authority or body in Singapore, as the case may be provided that they do not circumvent Singapore's obligations taken herewith. Juridical persons supplying financial services are subject to non-discriminatory limitations on juridical form 1 .

subsidiaries.

XXX 261

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

(a) Acceptance of deposits and 1) Unbound 1) Unbound Commercial banks

other repayable funds from the 2) None 2) None If Singapore commits with

public 3) These measures are also 3) Commercial banks countries, with at least one full limitations on national treatment. As indicated in the Market Access bank licence with qualifying full Only institutions licensed or column. bank (QFB) privileges other than approved as banks, merchant banks the United States of America, to and finance companies can accept offer one or more new full bank

deposits. This measure is not Merchant banks licences with QFB privileges after

discriminatory. As indicated in the Market Access the date of this Agreement comes

Foreign banks can operate from column. into force, the number of additional only one office (excluding new full bank licences with QFB back-office operations) unless Finance companies privileges will be offered to the EU.

otherwise specified in this schedule. Other than the EU, only Australia, As indicated in the Market Access They cannot establish off-premise column. China, India, Malaysia and the

ATMs and ATM networking and United States of America have one new sub-branches unless otherwise or more full bank licences with specified in this schedule. This is 4) Unbound except as indicated in QFB privileges.

also a limitation on national the horizontal section.

treatment.

XXX 262

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

Location of banks and relocation of If Singapore allows a foreign QFB, banks and sub-branches require other than from the US, to have prior approval from MAS. This more than 50 customer service limitation will not be used as a locations, the same privilege should means of arbitrary and unjustifiable also be given to significantly rooted discrimination against EU banks or EU QFBs. disguised restriction on trade in services to the competitive advantage of local incumbents.

XXX 263

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

None, except the following electronic retail banking services: opening of accounts by new customers 1 , acceptance of deposits, dispensing of legal tender notes and coins, and application for unsecured credit facilities 2 . These measures shall be non-discriminatory, be non-arbitrary and shall not include any economic needs test. For greater clarity, none of these measures shall apply to Wholesale Banks, Offshore Banks and Merchant Banks.

1 This limitation does not preclude the possibility that parts of these transactions may be performed online.

2 This limitation does not preclude the possibility that parts of these transactions may be performed online.

XXX 264 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

For the purpose of this limitation, electronic banking services are provided over points of access not arranged by the bank, such as mobile personal retail banking, home internet retail banking and as such technology may evolve.

Establishment and operation of commercial foreign banks, merchant banks and finance companies are also subject to the limitations listed under activities B(a) to B(l) and the following limitations:

XXX 265 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

Commercial banks

No new Full Bank licence will be granted to foreign banks, unless otherwise specified in additional commitments.

Any EU Bank with Qualifying Full Bank ("QFB") privileges will be allowed to establish up to an additional 25 customer service locations (of which up to 10 may be established as branches), over and above the EU Bank's existing limit of 25 customer service locations if and only if the Authority has determined that the EU Bank is significantly rooted in Singapore.

XXX 266 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

In determining whether the EU Bank is significantly rooted in Singapore, MAS will consider the following:

(a) the EU Bank must, at a minimum, incorporate its retail banking operations;

(b) a simple majority of the Board of the EU Bank's local subsidiary must be

Singaporeans, Permanent Residents or a combination thereof;

XXX 267 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

comprehensive spectrum of the local community in Singapore and in principle, respects the key initiatives of any industry-wide associations;

XXX 268 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

(d) MAS is satisfied that the EU Bank is committed to

Singapore's financial stability and development in the long term. For example, MAS will consider the number of persons which the EU Bank employs in Singapore and its willingness to support Singapore's financial stability;

XXX 269 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

(e) Singapore is one of the EU Bank's significant markets contributing a significant part of profits and assets to the EU Bank's global banking group 1 ;

(f) major business lines are headquartered in Singapore and the key decision makers of the business lines are resident in Singapore.

1 "EU Bank's global banking group" means the parent company of the EU Bank (or the EU Bank, as the case may be, where it is not owned or controlled by a parent company) and its group of companies which are consolidated according to accounting standards in the jurisdiction where the parent company is incorporated or established.

XXX 270

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

For avoidance of doubt, the local subsidiary must hold the Full Bank licence with the QFB privileges and is the entity which would be allowed to establish up to an additional 25 customer service locations (of which up to 10 may be established as branches).

XXX 271 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

A QFB may, with the prior approval of the Authority, enter into any arrangement with a local bank for access to the ATM network of the local bank for the purpose of permitting a cardholder of the QFB to obtain cash advances from his credit or charge card account, as the case may be. Where such an application for approval is made by the QFB, it would be granted as a matter of course, subject to such conditions as the Authority may impose.

XXX 272 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

QFBs may provide debit services on an Electronic Funds Transfer at Point of Sale (EFTPOS) network.

Wholesale banks

12 EU banks holding Wholesale Bank licenses, upon application to the Authority, will be allowed to operate up to 2 customer service locations each.

Singapore commits to review the possibility of increasing the number of banks allowed to benefit from customer service locations once they are awarded to 12 EU banks.

XXX 273 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

Only a maximum of 20 new Wholesale Bank licenses will be granted by the Monetary Authority of Singapore and/or its successor body between 1 January 2013 to 31 December 2014.

Quantitative limits on the number of Wholesale Bank licences will be removed for EU Banks with or without operations in Singapore, 3 years after the date of entry into force of this Agreement and such Banks may be admitted directly as wholesale banks.

XXX 274 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

Wholesale banks are not permitted to:

(a) accept Singapore dollar fixed deposits of less than

S$250,000;

(b) operate Singapore dollar savings accounts without MAS' prior approval;

XXX 275 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

(d) issue Singapore dollar bonds and negotiable certificates of deposit, unless the

requirements pertaining to minimum maturity period, minimum denomination or class of investors contained in the Guidelines for Operation of Wholesale Banks issued by the Monetary Authority of Singapore and/or its successor body are complied with.

XXX 276 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

Offshore banks

Offshore banks are not permitted to:

(a) provide credit facilities to non-bank residents of

Singapore in Singapore dollars exceeding a total of S$500 million at any one time;

(b) offer savings account;

non-bank residents of Singapore;

XXX 277 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

(d) operate current accounts for non-bank residents unless the accounts are offered:

(i) in connection with credit facilities granted to, or

other business dealings with the customer; or

(ii) to customers of the bank's head office;

(e) operate interest-bearing Singapore dollar current accounts for natural persons who are Singapore residents;

XXX 278 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

(f) operate Singapore dollar savings accounts from

non-bank non-residents of Singapore;

(g) accept Singapore dollar fixed deposits of less than

S$250,000 from non-bank non-residents;

XXX 279 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

(h) issue Singapore dollar bonds and negotiable certificates of deposit, unless the

requirements pertaining to minimum maturity period, minimum denomination or class of investors contained in the Guidelines for Operation of Offshore Banks issued by the Monetary Authority of Singapore and/or its successor body are complied with.

XXX 280 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

No foreign person shall, acting alone or in concert with other persons, assume control of any Singapore-incorporated bank or company, belonging to a class of financial institutions approved as financial holding companies under section 28 of the Monetary Authority of Singapore Act (referred to as a financial holding company) or approved, designated or otherwise regulated as financial holding companies under other laws and regulations.

XXX 281 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

Singapore shall not require more than a simple majority of the board of directors of an EU bank be composed of Singapore nationals, persons residing in Singapore, or a combination thereof.

XXX 282 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

Approval from the Minister is required before a person, either alone or together with associated persons, is allowed to acquire indirect control over and shareholdings or voting control of or exceeding 5 %, 12 %, 20 % shareholdings in a Singapore-incorporated bank or a financial holding company, and before a Singapore-incorporated bank or a financial holding company is merged or taken over by any other body.

XXX 283 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

In approving applications to exceed the threshold limits, the Minister may impose conditions that are considered necessary to prevent undue control, protect public interests and to ensure the integrity of the financial system.

A foreign person is a person that is:

In the case of a natural person, not a citizen of Singapore; and

In the case of a corporation, not controlled by citizens of Singapore.

XXX 284 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

Merchant banks

Merchant banks can only operate from one office (excluding backoffice operations). This measure is not discriminatory.

Location and relocation of merchant banks require MAS' prior approval. This limitation shall not be used as a means of arbitrary and unjustifiable discrimination against EU merchant banks or disguised restriction on trade in services to the competitive advantage of local incumbents.

XXX 285 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

Merchant banks can, with MAS' authorisation, raise foreign currency funds from residents and nonresidents, operate foreign currency savings accounts for non-residents and raise Singapore dollar funds from their shareholders and companies controlled by their shareholders, banks and finance companies. This measure is not discriminatory.

XXX 286 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

Finance companies

No new finance company licences will be granted.

Unbound for foreign acquisition of shares in finance companies and transfer or sale of foreign shareholdings in existing finance companies to foreign parties.

XXX 287 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

All finance companies, local and foreign-owned, can only conduct Singapore dollar business. With MAS' prior approval, eligible finance companies can also deal in foreign currencies, gold or other precious metals, and acquire foreign currency stocks, shares or debt/convertible securities.

4)

Unbound except as indicated in the horizontal section.
XXX 288 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

(b) Lending of all types including 1) Unbound 1) None

consumer credit, mortgage 2) None 2) None

credit, factoring and financing

of commercial transaction 3) These measures are also 3) As indicated in the MA column. limitations on national treatment: 4) Unbound except as indicated in

(i) Unbound for establishment of the horizontal section. off-premise cash dispensing

machines for credit and charge cards issuers as a means of circumventing quantitative restrictions on customer service locations.

XXX 289 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

Financial institutions extending Singapore dollar (S$) credit facilities exceeding S$5 million per entity to non-resident financial entities or arranging S$ equity or bond issues for non-residents, must ensure that where the S$ proceeds are to be used outside Singapore, they are swapped or converted into foreign currency upon draw-down or before remittance abroad.

XXX 290 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

Financial entities shall not extend S$ credit facilities to non-resident financial entities if there is reason to believe that the S$ proceeds may be used for S$ currency speculation.

The term "non-resident" is as defined in MAS Notice 757, issued under the Banking Act.

Each offshore bank's lending in Singapore dollars to residents shall not exceed S$500m in aggregate.

XXX 291 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

Offshore banks should not use financial leasing activities or their related merchant banks to circumvent the S$500m lending limit.

(ii) Establishment of credit companies which do not conduct activities requiring MAS' approval is allowed.

4)

Unbound except as indicated in horizontal section.

2)

None 2) None

3)

None 3) None

4)

Unbound 4) Unbound
XXX 292 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

(d) Payment and money 1) Unbound 1) Unbound

transmission services, 2) None 2) None

including credit, charge and

debit cards, cheques and 3) These measures are also 3) None

bankers' drafts limitations on national treatment. 4) Unbound except as indicated in Remittance shops, except where the the horizontal section.

remittance business is conducted by banks and merchant banks, are required to be majority owned by Singapore citizens (i.e. ownership of more than 50% shareholding).

Bankers' drafts can only be issued by banks.

The limitations indicated in B(b)3) above also apply to the activities listed in B(d).

4)

Unbound except as indicated in the horizontal section.
XXX 293 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

(e) Guarantees and commitments 1) None 1) None

2)

None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound except as indicated in the horizontal section. the horizontal section.

(f) Trading for own account or 1) Unbound except for trading in 1) None

for account of customers, products listed in B(f) for own 2) None

whether on an exchange, in account. Trading in money market

an over-the counter market or instruments, foreign exchange, as 3) None except as indicated for otherwise, the following: well as exchange rate and interest activity B(b) above.

– money market instruments rate instruments can be conducted 4) Unbound except as indicated in

(including cheques, bills, with financial institutions only. the horizontal section.

certificates of deposit) 2) None

XXX 294 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

– foreign exchange 3) The offer of derivative products

– derivative products, including involving the Singapore dollar is financial futures and options subject to the requirement indicated

– exchange rate and interest in B(b)3)(i).

rate instruments, including Moneychangers, except where the swaps and forward rate money changing business is agreements conducted by banks and merchant

– transferable securities banks and finance companies, are

– other negotiable instruments required to be majority owned by and financial assets, including Singapore citizens (i.e. ownership

bullion of more than 50 % shareholding). 4) Unbound except as indicated in

the horizontal section.

XXX 295 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

(g) Participation in issues of all 1) Unbound except for participation 1) None

kinds of securities, including in issues of securities for own 2) None

underwriting and placement account, and underwriting and

as agent and provision of placement of securities through 3) None except as indicated for service related to such issues stockbroking companies, banks or activity B(b) above.

merchant banks in Singapore. 4) Unbound except as indicated in

2)

None the horizontal section.

3)

None

4)

Unbound except as indicated in the horizontal section

(h) Money broking 1) Unbound 1) Unbound

2)

None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound except as indicated in the horizontal section. the horizontal section.
XXX 296 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

(i) Asset management, such as 1) Unbound 1) Unbound

cash or portfolio 2) None 2) None

management, all forms of

collective investment 3) These measures are also 3) None management, pension fund limitations on national treatment. 4) Unbound except as indicated in

management, custodial, None, except: the horizontal section.

depository and trust services (a) Only the Central Depository

Pte Ltd and/or its successor body is authorised to provide custodial depository services for book-entry securities.

XXX 297 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

(b) In considering the admission of Fund Management

Companies (FMCs) under the Central Provident Fund Investment Scheme (CPFIS), the Central Provident Fund Board takes into consideration the following factors:

XXX 298 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

(i) whether the FMC has a minimum one-year

track record as a capital markets services licence holder under the Securities and Futures Act, Cap. 289 (or its equivalent under the Securities Industry Act, Act 15 of 1986) in the fund management industry in Singapore while the group as a whole has a minimum of 3 years track record in fund management;

XXX 299 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

(ii) whether the FMC manages at least S$500 million worth of funds in Singapore; and

(iii) whether the FMC has a minimum of 3 fund

managers, one of whom must have at least 5 years of fund management experience.

XXX 300 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

For the purpose of this limitation, the definition of "fund manager" shall include portfolio managers, research analysts and traders.

The establishment or operation of securities and futures markets as exchanges, exempt exchanges or recognized trading system providers, is subject to the authorization, including the imposition of conditions for authorization, by the Monetary Authority of Singapore and/or its successor body.

4)

Unbound except as indicated in the horizontal section.
XXX 301 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

(j) Settlement and clearing 1) Unbound, except for the 1) Unbound

services for financial assets, provision of settlement and clearing 2) None

including securities, services for financial assets which

derivative products and other are listed on overseas exchanges 3) Unbound

negotiable instruments only. 4) Unbound except as indicated in

2)

None the horizontal section.

3)

Unbound

4)

Unbound except as indicated in the horizontal section.

(k) Advisory and other auxiliary 1) Commercial presence is required 1) None

financial services, including for provision of investment and 2) None

credit reference and analysis, portfolio research and advice to the

investment and portfolio public. 3) None research and advice, advice 2) None 4) Unbound except as indicated in

on acquisitions and on the horizontal section.

corporate restructuring and 3) None

strategy 4) Unbound except as indicated in the horizontal section

XXX 302 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

(l) Provision and transfer of 1) None 1) None

financial information, and 2) None 2) None

financial data processing and

related software by providers 3) None 3) None

of other financial services 4) Unbound except as indicated in 4) Unbound except as indicated in the horizontal section. the horizontal section.

8.

HEALTH RELATED AND SOCIAL SERVICES

A.

Hospital Services

Hospital services, except: 1) None 1) None

(i) supply of health services by 2) None 2) None

government-owned or 3) None 3) None

controlled health institutions,

and 4) Unbound except as indicated in 4) Unbound the horizontal section

(ii) investments in government-owned or controlled health institutions (93110**)

XXX 303 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

B.

Other Human Health Services

Ambulance services, except: 1) Unbound 1) Unbound

(i) supply of health services by 2) None 2) None

government-owned or 3) None 3) None

controlled health institutions,

and 4) Unbound except as indicated in 4) Unbound the horizontal section

(ii) investments in government-owned or controlled health institutions (93192**)

Acute care hospitals, nursing homes 1) Unbound 1) Unbound

and convalescent hospitals as 2) None 2) None

defined by the Private Hospitals

and Medical Clinics Act (Cap. 3) None 3) None

248), run on a commercial basis 4) Unbound except as indicated in 4) Unbound

(93193**) the horizontal section

XXX 304 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

C.

Social Services (933) Horizontal limitation on market access and national treatment

Statutory supervision services as listed in the Attachment are excluded from the scope of these commitments

Social services delivered through 1) Unbound 1) Unbound

residential institutions to old 2) None 2) None except that Singapore

persons and the handicapped

(93311) 3) None, except that the total

retains the discretion to determine

number of facilities/ service whether a non-resident service

Social services delivered through operations run by non-profit service supplier may solicit business or residential institutions to children suppliers that are partially Stateconduct active marketing in and other clients (93312) funded is limited to the quantity Singapore

determined by a master plan of 3) None

State-funded social services in 4) Unbound

Singapore

4)

Unbound except as indicated in the horizontal section
XXX 305 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

Social services without 1) Unbound 1) Unbound

accommodation (9332) 2) None 2) None except that Singapore

3)

None, except that the total retains the discretion to determine number of facilities/ service whether a non-resident service operations run by non-profit service supplier may solicit business or suppliers that are partially Stateconduct active marketing in funded is limited to the quantity Singapore

determined by a master plan of 3) None

State-funded social services in 4) Unbound

Singapore

4)

Unbound except as indicated in the horizontal section
XXX 306 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

9.

TOURISM AND TRAVEL RELATED SERVICES

A.

Hotels and Restaurants (incl. Catering)

Hotel and other lodging services 1) None 1) None

(641) 2) None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section
XXX 307 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

Food serving services, except meal 1) None, except that only a 1) None, except that only a serving services in eating facilities Singapore national or permanent Singapore national or permanent run by the government 1 (642**) resident can apply for a licence to resident can apply for a licence to

Beverage serving services for operate a food establishment in operate a food establishment in consumption on the premises 2 places such as hawker centres, places such as hawker centres,

(643**) restaurants and cafes, in their restaurants and cafes, in their personal capacity. personal capacity.

2)

None 2) None

1 Excluding food serving services in air and maritime transport services.

2 Excluding food serving services in air and maritime transport services.

XXX 308 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

3)

None, except that only a 3) None, except that only a Singapore national or permanent Singapore national or permanent resident can apply for a licence to resident can apply for a licence to operate a food establishment in operate a food establishment in places such as hawker centres, places such as hawker centres, restaurants and cafes, in their restaurants and cafes, in their personal capacity. To provide food personal capacity. To provide food and/or beverage catering services in and/or beverage catering services in Singapore, a foreign service Singapore, a foreign service supplier must incorporate as a supplier must incorporate as a limited company in Singapore, and limited company in Singapore, and apply for the food establishment apply for the food establishment license in the name of the limited license in the name of the limited company. company.

4)

Unbound except as indicated in 4) Unbound the horizontal section
XXX 309 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

B.

Travel Agencies & Tour Operators Services

Travel agencies & tour operators 1) None 1) None

services (7471) 2) None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section

C.

Tourist Guides Services

Tourist guides services (7472) 1) None 1) None

2)

None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section
XXX 310 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

10.

RECREATIONAL, CULTURAL AND SPORTING SERVICES

A.
Entertainment Services 1) None 1) None
(including theatre, live bands 2) None 2) None
- &
  
  circus services) (9619) 3) None 3) None
  
  4)
  
  Unbound except as indicated in 4) Unbound the horizontal section

C.

Libraries, Archives, Museums and Other Cultural Services

Library services (96311) 1) None 1) None

2)

None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section

Museum Services, including 1) None 1) None

preservation of historical sites and 2) None 2) None

buildings (9632) 3) None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section
XXX 311 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

Archive services except for services 1) None 1) None

specified under the National 2) None 2) None

Heritage Board Act (9631**) 3) None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section

D.

Sporting and Other Recreational Services

Sports and recreational services, 1) Unbound 1) Unbound

except gambling and betting 2) None 2) None

services (964**) 3) None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section

11.

TRANSPORT SERVICES

A.

Maritime Transport Services
XXX 312 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

International transport (freight and 1) None 1) None In accordance with the decisions

passengers) excluding cabotage 2) None 2) None made at the WTO Negotiating

transport (7211**, 7212**) 3) None except on the registration 3) None except on the registration Group on Maritime Transport of Singapore-flag ships as specified of Singapore-flag ships as specified Services, where the following in the Merchant Shipping Act in the Merchant Shipping Act services are not otherwise covered (Cap. 179) 1 (Cap. 179) 2 by the obligation enshrined in (ii) of

4)

Unbound except as indicated in 4) Unbound sub-paragraph (c) of Article the horizontal section; unbound for XXVIII of the General Agreement intra-corporate transfers of ships' on Trade in Services in Annex 1B

crews to the WTO Agreement, they are made to international maritime

transport operators on reasonable and non discriminatory terms and conditions:

1 To register a Singapore-flagged ship, the ship owner must be Singapore citizen(s), or Singapore incorporated company(ies) with a minimum paid-up capital of SGD50,000.

2 To register a Singapore-flagged ship, the ship owner must be Singapore citizen(s), or Singapore incorporated company(ies) with a minimum paid-up capital of SGD50,000.

XXX 313

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

– pilotage;

– towing and tug assistance;

– provisioning, fuelling and watering;

– garbage collection and ballast waste disposal;

– port captain's services;

– navigation aids;

– emergency repair facilities;

– anchorage; and

– other shore-based operational services essential to ship

operations, including communications, water and electrical supplies.

XXX 314

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

Maritime Auxiliary Services

Maritime agency services 1 (748**) 1) None 1) None

2)

None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound except as indicated in the horizontal section the horizontal section

1 "Maritime agency services" (or "Shipping 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; acting on behalf of the companies organising the call of the ship or taking over cargoes when required. However, this sub-sector does not include any service comprised in "maritime cargo handling services", "container station and depot services", "freight forwarding services" and "customs clearance services".

XXX 315

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

Shipping brokerage services 1) None 1) None

(748**) 2) None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound except as indicated in the horizontal section the horizontal section

International towage (7214**) 1) None 1) None

2)

None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound except as indicated in the horizontal section the horizontal section
XXX 316 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

Storage and warehousing services 1) Unbound 1) Unbound

(742**) 2) None except such services 2) None except such services

provided by the public terminal provided by the public terminal operators in the port operators in the port

3)

None except such services 3) None except such services provided by the public terminal provided by the public terminal operators in the port operators in the port

4)

Unbound except as indicated in 4) Unbound except as indicated in the horizontal section the horizontal section
XXX 317 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

Container station and depot 1) Unbound 1) Unbound

services 1 2) None except such services 2) None except such services

provided by the public terminal provided by the public terminal operators in the port operators in the port

3)

None except such services 3) None except such services provided by the public terminal provided by the public terminal operators in the port operators in the port

4)

Unbound except as indicated in 4) Unbound except as indicated in the horizontal section the horizontal section

1 "Container station and depot services" means activities consisting of storing containers with a view to their stuffing/stripping, repairing and making them available for shipments.

XXX 318 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

Maritime freight forwarding 1) Office registration may be 1) None

services 1 (748, 749) required. 2) None

2)

None 3) None 3) None 4) Unbound except as indicated in

4)

Unbound except as indicated in the horizontal section the horizontal section

Rental of vessels with crew (7213) 1) None 1) None

2)

None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound except as indicated in the horizontal section the horizontal section

1 "Maritime 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, including customs clearance. The latter means the activities consisting in carrying out on behalf of another customs formalities concerning import, export or through transport of cargoes, whether this service in the main activity of the service provider or a usual complement of its main activity but excludes the exercise of statutory powers by Customs officers.

XXX 319

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

Other supporting and auxiliary 1) None 1) None

services (including catering) 2) None 2) None

(749**) 3) None 3) None

4)

Unbound except as indicated in 4) Unbound except as indicated in the horizontal section the horizontal section

Maintenance and repair of vessels 1) Unbound 1) Unbound

(8868**) 2) None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound except as indicated in the horizontal section the horizontal section

B.

Rail Transport Services

Maintenance and repair of urban 1) Unbound 1) Unbound

and suburban rail transport 2) None 2) None

equipment 3) None 3) None

(8868**) 4) Unbound except as indicated in 4) Unbound

the horizontal section

XXX 320 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

C.

Road Transport Services

Rental services of cars with 1) Unbound 1) Unbound

operators (71222) 2) None 2) None

Rental services of buses and 3) None 3) None

coaches with operators (71223) 4) Unbound except as indicated in 4) Unbound

Rental services of commercial the horizontal section

freight vehicles with operators

(71240)

Freight transportation of: 1) Unbound 1) Unbound

(a) refrigerated goods (71231) 2) None 2) None

(b) liquids or gases (71232) 3) None 3) None

(d) furniture (71234) the horizontal section

XXX 321 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

Maintenance and repair services of 1) None 1) None

motor vehicles (61120) 2) None 2) None

Maintenance and repair services of 3) None 3) None

parts of motor vehicles (88**) 4) Unbound as indicated in the 4) Unbound

horizontal section

Parking services (74430) 1) None 1) None

2)

None 2) None

3)

None 3) None

4)

Unbound as indicated in the 4) Unbound horizontal section
XXX 322 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

D.

Services Auxiliary to All Modes of Transport except Maritime Transport Services

Storage and warehousing services, 1) Unbound 1) Unbound

including container station and 2) None 2) None

depot services (742) 3) Unbound except storage and 3) Unbound except storage and

warehouse services for land warehouse services for land transport transport

4)

Unbound except as indicated in 4) Unbound the horizontal section

12.

OTHER SERVICES NOT INCLUDED ELSEWHERE (95, 97, 98, 99)

Washing, cleaning and dyeing 1) Unbound 1) Unbound

services (9701) 2) None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section
XXX 323 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

Hairdressing and other beauty 1) Unbound 1) Unbound

services (9702) 2) None 2) None

3)

None 3) None

4)

Unbound except as indicated in 4) Unbound the horizontal section

Funeral, cremation and undertaking 1) Unbound 1) Unbound

services except maintenance 2) None 2) None

services of cemeteries, care of

graves and graveyards (97030**) 3) None 3) None 4) Unbound except as indicated in 4) Unbound

the horizontal section

XXX 324 Sector or subsector Limitations on market Limitations on national Additional commitments

access treatment

SECTOR SPECIFIC COMMITMENTS/LIMITATIONS

A.

AGRICULTURE, HUNTING AND FORESTRY

(a) Agriculture, hunting and related service activities (ISIC Unbound for measures affecting pig farming. rev 3: 011, 012, 013, 014, 015)

(b) Forestry, logging and related service activities (ISIC rev None None

3: 020)

B.

FISHING

(a) Fishing, operation of fish hatcheries and fish farms; None None service activities incidental to fishing (ISIC rev 3: 050)

C.

MINING AND QUARRYING

(a) Mining of coal and lignite; extraction of peat (ISIC rev None None

3: 101, 102, 103)

(b) Extraction of crude petroleum and natural gas; services None None activities incidental to oil and gas extraction excluding

surveying (ISIC rev 3: 111, 112)

XXX 325

Sector or subsector Limitations on market Limitations on national Additional commitments access treatment

(d) Mining of metal ores (ISIC rev 3: 131, 132) None None

(e) Other mining and quarrying (ISIC rev 3: 141, 142) Unbound for measures affecting quarrying.

D.

MANUFACTURING Unbound for measures affecting the manufacture for sale or other commercial purpose of any goods scheduled in the Control of Manufacture Act.
This limitation applies to the whole of "D. MANUFACTURING".

(a) Manufacture of food products and beverages (ISIC rev None None

3: 151, 152, 153, 154 excluding the manufacturing of chewing gum, 155 excluding 1551 and 1553)

(b) Manufacture of textiles (ISIC rev 3: 171, 172, 173) None None

(d) Tanning and dressing of leather; manufacture of None None luggage, handbags. Saddler, harness and footwear (ISIC

rev 3: 191, 192)

XXX 326

Sector or subsector Limitations on market Limitations on national Additional commitments access treatment

(e) Manufacture of wood and of products of wood and None None cork, except furniture; manufacture of articles of straw

and plaiting materials (ISIC rev 3: 201, 202)

(f) Manufacture of paper and paper products (ISIC rev 3: None None

210)

(g) Publishing, printing and reproduction of recorded media Unbound for measures in relation to the publication of printed media.

(ISIC rev 3: 221, 222, 223) Printed media refers to any publication containing news, intelligence, reports of

occurrences, or any remarks, observations, or comments relating thereto, or to any matter of public interest, printed in any language and published for sale or free distribution at intervals not exceeding one week.

(h) Manufacture of coke, refined petroleum products (ISIC None None rev 3: 231, 232)

(i) Manufacture of chemicals and chemical products (ISIC None None rev 3: 24 excluding the manufacturing of explosives)

(j) Manufacture of rubber and plastics products (ISIC rev None None

3: 251, 252)

XXX 327

Sector or subsector Limitations on market Limitations on national Additional commitments access treatment

(k) Manufacture of other non-metallic mineral products None None

(ISIC rev 3: 261, 269)

(l) Manufacture of basic metals (ISIC rev 3: 271 excluding None None the manufacturing of drawn steel products, 272, 273)

(m) Manufacture of fabricated metal products, except None None machinery and equipment (ISIC rev 3: 281 excluding

the manufacturing of nuclear reactors, 289)

(n) Manufacture of machinery and equipment n.e.c. (ISIC None None rev 3: 291, 292 excluding the manufacturing of

weapons and ammunition, 293)

(o) Manufacture of office, accounting and computing None None machinery (ISIC rev 3: 300)

(p) Manufacture of electrical machinery and apparatus None None n.e.c. (ISIC rev 3: 311, 312, 313, 314, 315, 319)

XXX 328

Sector or subsector Limitations on market Limitations on national Additional commitments access treatment

(q) Manufacture of radio, television and communication None None equipment and apparatus (ISIC rev 3: 321, 322, 323)

(r) Manufacture of medical, precision and optical None None instruments, watches and clocks (ISIC rev 3: 331, 332,

333)

(s) Manufacture of motor vehicles, trailers and semi-trailers None None

(ISIC rev 3: 341, 342, 343)

(t) Manufacture of other transport equipment (ISIC rev 3: None None

351, 352, 353, 359)

(u) Manufacture of furniture; manufacturing n.e.c. (ISIC None None rev 3: 361, 369)

(v) Recycling (ISIC rev 3: 371, 372) None None

XXX 329

Sector or subsector Limitations on market Limitations on national Additional commitments access treatment

E.

ELECTRICITY, GAS, AND WATER SUPPLY

(a) Electricity and gas (ISIC rev 3: 401, 402) None, except:

(a) Power producers shall only sell power through the Singapore electricity wholesale market and shall not be allowed to sell directly to consumers.

The amount of power supplied cumulatively by power producers located outside of Singapore to Singapore's wholesale power market shall not exceed 600 MW.

(b) only SP Services Ltd and/or its successor body shall be allowed to supply electricity to:

(i) All household consumers of electricity

(ii) Non-household consumers of electricity whose Average monthly consumption is below 10,000kWh; and

(iii) Consumers whose electricity is supplied at single phase low voltage.

XXX 330

Sector or subsector Limitations on market Limitations on national Additional commitments access treatment

PowerAssets Ltd and/or its successor body shall be the sole owner and operator of the electricity transmission and distribution network in Singapore.

(d) only City Gas Ltd and/or its successor body shall be allowed to produce and retail manufactured gas.

(e) only Power Gas Ltd and/or its successor body shall be allowed to transport and distribute manufactured and natural gas.

Power Gas Ltd and/or its successor body shall be the sole owner and operator of the gas pipeline in Singapore.

XXX 331 ATTACHMENT TO APPENDIX 8-B-1:

TYPES OF SOCIAL SERVICES EXCLUDED FROM SINGAPORE'S

SCHEDULE OF SPECIFIC COMMITMENTS

1.

Statutory Supervision Services With Accommodation for the Following Types of Clients
(9331):

(a) women and girls detained in a place of safety under Section 160 of the Women's Charter

(Cap. 353) (93312);

(b) children detained in a place of safety under Section 8 of the Children & Young Persons

Act (Cap. 38) (the "CYP Act")(93312);

(c) children and young persons detained in a place of detention under Section 44 (1) (f)

CYP Act, or on probation to an approved school 1 under Section 44 (1) (g) of the CYP

Act (93319);

(d) children and young persons admitted to an approved home for statutory supervision

under Section 49 (ii) of CYP Act (93312);

(e) persons placed on probation with the requirement of residence in an approved

institution under Section 12 of the Probation of Offenders Act (Cap. 252) (93319).

1 The term "approved school" used in Section 44(1) (g) of the CYP Act denotes a remand home for young offenders, and not a mainstream educational institution. Young offenders are

detained in an ‘approved school’ for rehabilitation rather than for formal education.

XXX 332

2.

Statutory Supervision Services Without Accommodation for the Following Types of Clients
(9332):

(a) children and young persons placed under supervision of an appointed welfare officer

under Section 49 (i) of the CYP Act (93329);

(b) persons placed on probation without the requirement of residence in an approved

institution under Section 5 of the Probation of Offenders Act (93329).

XXX 333

Appendix 8-B-2

SINGAPORE

SCHEDULE OF SPECIFIC COMMITMENTS – APPENDIX ON FINANCIAL SERVICES

A.

SPECIFIC COMMITMENTS

All the commitments in this Schedule are subject to horizontal commitments in Singapore's

Schedule of Specific Commitments. All the commitments in this Schedule are also subject to entry

requirements, admission criteria, domestic laws, guidelines, rules and regulations, terms and

conditions of the Monetary Authority of Singapore (MAS) or any other relevant authority or body

in Singapore, as the case may be provided that they do not circumvent Singapore's obligations taken

herewith. Juridical persons supplying financial services are subject to non-discriminatory

limitations on juridical form 1 .

XXX 334

Related to Insurance

1.

Singapore shall not require product filing or approval for insurance products other than for
life insurance products 1 , Central Provident Fund-related products and investment-linked

products. Where product filing or approval is required, Singapore shall allow the introduction

of the product, which Singapore shall deem to be approved unless the product is disapproved

within a reasonable time, endeavouring to do so in 30 days. Singapore shall not maintain

limitations on the number or frequency of product introduction. This specific commitment

does not apply where a financial institution of the Union seeks to supply a new financial

service pursuant to Article 8.53 (New Financial Services).

Related to Portfolio Management

2.

(a) Singapore shall allow, in a manner consistent with Article 8.49 (Scope and Definitions),

a financial service supplier (other than a trust company or insurance company),

organised outside its territory to provide investment advice and portfolio management

services, excluding (1) custodial services and (2) trustee services and (3) execution

services that are not related to managing a collective investment scheme, to the manager

of a collective investment scheme, where the manager is:

(i) located in the territory of Singapore; and

(ii) related to the financial service supplier.

1 Life insurance products here would include non-short term accident and health policies and term policies exceeding five years.

XXX 335

(b) For purposes of this paragraph,

(i) "collective investment scheme" has the meaning given to it under Section 2 of the

Securities and Futures Act (Cap. 289); and

(ii) "related" means a related corporation as defined under Section 6 of the Companies

Act (Cap. 50).

Related to Credit and Charge Cards

3.

Singapore shall consider applications for access to automated teller machine networks
operated by local banks in Singapore for credit and charge cards of non-bank issuers that are

controlled by persons of the European Union. Where such applications are approved, nonbank

issuers will thereafter be permitted to negotiate for access to the automated teller

machine networks operated by local banks on commercial terms.

B.

OTHERS

1.

(a) Solely in the context of future liberalisation of its banking sub-sector and not for the
purposes of affording protection to local financial service suppliers within the banking

sub-sector, Singapore may impose new non-conforming measures on a most-favoured

nation treatment basis. Such measures may include, but are not limited to:

(i) requirements regarding the composition of boards of directors of banks and

finance companies; and

XXX 336

(ii) limitations on the number of customer service locations of finance companies,

provided that any such non-conforming measure shall not derogate from commitments

undertaken by Singapore in the Financial Services Section of its Schedule of Specific

Commitments to liberalise on quantitative restrictions on the number of licences or on

customer service locations for Union banks or establish time periods for allowing Union

banks access to any ATM network in Singapore.

(b) Where a Union financial service supplier chooses not to participate in a future

liberalisation described in sub-paragraph (a), Singapore shall not apply any related new

non-conforming measure or take any adverse action with respect to the financial service

supplier.

will:

(i) notify the Union of its intent at least three months in advance of implementation

of the measure;

(ii) consult with the Union concerning the measure and give due consideration to the

views expressed by the European Union in this respect; and

XXX 337 (iii) make compensatory adjustments to the Financial Services Section of its Schedule

of Specific Commitments with respect to the same class of financial service

supplier of the banking sub-sector as are affected by the measure such that the

general level of commitments is more favourable to trade in the banking subsector

than prior to the new measure 1 .

(d) Sub-paragraph (a) shall not apply to any commitments that Singapore makes in respect

of additional licences and customer service locations.

________________

1 It is understood that compensatory adjustments shall not be regarded as inadequate solely because the general level of commitments after the introduction of the new measure is not significantly more favourable to trade in the banking sub-sector than prior to the introduction of the measure.

XXX 338

origineel bericht: 'ANNEX to the Proposal for a Council Decision on th...'

3. Behandeld document

18 apr
'18

Proposal for a COUNCIL DECISION on the conclusion of the Free Trade Agreement between the European Union and the Republic of Singapore
PROPOSAL

Secretary-General of the European Commission
7967/18

4. Meer informatie

COM(2018)196 - Sluiting van de vrijhandelsovereenkomst met Singapore

5. EU Monitor

Met de EU Monitor volgt u alle Europese dossiers die voor u van belang zijn en bent u op de hoogte van alles wat er speelt in die dossiers. Helaas kunnen wij geen nieuwe gebruikers aansluiten, deze dienst zal over enige tijd de werkzaamheden staken.

De EU Monitor is ook beschikbaar in het Engels.

Contents

1.

Kerngegevens

2.

Tekst

7967/18

2018/0093 (NLE) i

PROPOSAL

ANNEX

Proposal for a Council Decision

ANNEX 8-A

Appendix 8-A-1

Appendix 8-A-3

Appendix 8-B-1

Appendix 8-B-2

3.

Behandeld document

4.

Meer informatie

5.

EU Monitor