WORLD TRADE GATS/EL/38/Suppl.1
26February 1998
ORGANIZATION(98-0687)
Trade inServices
HONDURAS
ListofArticle II(MFN) Exemptions
Supplement 1
(This isauthentic inSpanish only)
_______________
Thistextreplaces theexemption forfinancial services contained indocument GATS/EL/38.
./.GATS/EL/38/Suppl.1
Page2HONDURAS
LIST OFARTICLE II(MFN) EXEMPTIONS FOR FINANCIAL SERVICES
Sector orsubsector Description ofmeasure
indicating its
inconsistency with
Article IICountries towhich the
measure appliesIntended duration Conditions creating the
need fortheexemption
Financial services Monetary andfinancial
integration, freetransfer of
capital, facilitation ofthe
establishment andoperation
ofbanks andinsurance
companies, branches,
subsidiaries andother
financial entities.
Theopening ofbranches or
agencies offoreign banks
maybesubject to
reciprocity.Guatemala, ElSalvador,
Nicaragua, Costa Ricaand
Panama.
AllcountriesIndefinite
IndefiniteCentral American
integration ofthefinancial
sector.
Toreflect current
Honduran legislation.