WORLD TRADE GATS/EL/92/Suppl.2
26February 1998
ORGANIZATION(98-0702)
Trade inServices
VENEZUELA
ListofArticle II(MFN) Exemptions
Supplement 2
(This isauthentic inSpanish only)
___________________
This text replaces theexemptions infinancial services contained indocument
GATS/EL/92/Suppl.1.
./.GATS/EL/92/Suppl.2
Page2VENEZUELA
LIST OFARTICLE II(MFN) EXEMPTIONS
Modes ofsupply: (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence ofnatural persons
Sector orsubsector Limitations onmarket access Countries towhich the
measure appliesIntended duration Conditions creating
theneed forthe
exemption
- Banking
(CPC 8115 -81116 -
8112 -8113 -81339 -
81333)
- Insurance
(CPC 812**)Authorizations foraccess offoreign capital to
thedomestic market through theparticipation of
existing institutions, theopening ofbranches or
theestablishment ofnewsuppliers offinancial
services maybesubject toreciprocity, where
theNational Executive deems appropriate.Allcountries Indefinite Toreflect thecurrent
situation of
Venezuelan legislation.