RESTRICTED
WORLD TRADE S/L/49
12December 1997
ORGANIZATION(97-5534)
Original: Spanish Committee onTrade inServices
COMMUNICATION FROM HONDURAS
Specific Commitments andArticle IIExemptions onFinancial Services
Thefollowing communication iscirculated toMembers oftheCouncil forTrade inServices
attherequest ofHonduras.
________________
Inaccordance withparagraph 1oftheSecond Decision onFinancial Services (S/L/9), adopted
bytheCouncil forTrade inServices on21July1995, asamended bytheDecision of29May1997,
Honduras hereby informs allMembers ofitsdecision toreplace itsspecific commitments onfinancial
services contained onpages 4to9ofdocument GATS/SC/38, bythose listed intheschedule of
commitments intheoffersubmitted byHonduras on11December 1997andcirculated under symbol
S/FIN/W/12/Add.53.
Likewise, inaccordance withparagraph 2oftheabove-mentioned Decision, Honduras hereby
replaces itsexemptions totheobligations under Article IIoftheGeneral Agreement onTrade inServices
withrespect tofinancial services contained indocument GATS/EL/38, bythose indicated intheList
ofArticle IIExemptions submitted byHonduras on11December 1997 andcirculated under symbol
S/FIN/W/12/Add.53.
These replacements willenter intoforce asfrom thedateofthiscommunication, inorder to
substantiate myGovernment 'scommitment totheliberalization offinancial services.