Coverage in Services Agreements Paul Kruger. Core Sectors. The GATS system comprises the following twelve (12) core service sectors: Business; Communication; Construction and Engineering; Distribution; Education; Environment; Financial; Health and social; Tourism and Travel;
Coverage in Services AgreementsPaul Kruger
Horizontal commitments: Horizontal commitments: Professionals - natural persons who are engaged, as part of a services contract
negotiated by a juridical person of another Member in the activity at a professional level in a profession set out in Part II, provided
such persons possess the necessary academic credentials and professional qualifications, which have been duly recognised,
where appropriate, by the professional association in South Africa.
*services supplier not present within the territory of the country
**services supplier present within the territory of the country
“(1) Residents may request loans abroad after the National Bank of Angola has authorized them to do so”
“(1) The service should be supplied through commercial presence”
“(1) Permanent residents should not purchase tickets to enable non-residents to visit Botswana and accept payment outside of Botswana
“(2) Residents may request loans abroad after having received prior authorization of the National Bank of Angola”
“(2) The amount of local and foreign currency entitled to permanent residents is limited for each trip and for the whole year by the Bank of Botswana”
“(3) The foreign company should be a registered institution and allowed to practice in its country of origin”
“(3) Any foreign bank or financial institution can operate in Mozambique as long as they abide by the domestic rules and regulations governing investments and operations of such institutions”
“(4) Unbound except for senior qualified chartered engineers / specialist doctors / professional personnel with a higher university degree or professional training who are not available in Swaziland
“(4) Unbound except as indicated in the Horizontal commitments
“(3) None. Banks and foreign financial institutions in Angola may operate as long as they abide by the regulations of the country concerning the activities of such bodies”
“(4) At least half of the personnel of subsidiaries, branch offices and agencies of foreign financial institutions must be Angolan citizens”
“(3) Only natural persons can supply specialized medical services
“(3) Foreign-owned hospitals are encourage to enter into joint ventures with local hospitals and clinics.
“(3) To transact business in Lesotho, insurers (foreign and domestic) must be incorporated as a public company in terms of the Companies Act.
“(4) Work permit required”
“(3) Foreign investment in suppliers permitted up to a cumulative maximum of 30 percent”
“(3) Foreign non-bank organizations wishing to obtain a controlling interest in a local bank are required to establish a domestic public company”
“(4) Unbound except for senior computer engineers and personnel that possess specialized training and skill and who are not available in Swaziland
“(4) Unbound, except for measures affecting senior managers and specialists with knowledge essential for the provision of services”
“(3) The hospitals and clinics should employ Botswana nationals as doctors, medical personnel and supporting staff”
“(3) Citizenship requirement for accreditation”
“(3) Branches of non-resident banks in South Africa must maintain a minimum balance of R 1 million on the deposit accounts of natural persons”
(1) In the sectors where market access commitments are inscribed in Annex [...] (commitments on investment and trade in services) and subject to any conditions and qualifications set out therein, with respect to all measures affecting commercial presence, the EC Party and the Signatory CARIFORUM States shall grant to commercial presences and investors of each other treatment no less favourable than that they accord to their own like commercial presences and investors.
2. The EC Party and the Signatory CARIFORUM States may meet the requirement of paragraph 1 by according to commercial presences and investors of each other, either formally identical treatment or formally different treatment to that they accord to their own like commercial presences and investors.
3. Formally identical or formally different treatment shall be considered to be less favourable if it modifies the conditions of competition in favour of commercial presences and investors of the EC Party or of the Signatory CARIFORUM States compared to like commercial presences and investors of the other Party.
4. Specific commitments assumed under this Article shall not be construed to require the EC Party or the Signatory CARIFORUM States to compensate for inherent competitive disadvantages which result from the foreign character of the relevant commercial presences and investors.