WORLD TRADE GATS/SC/105
30August 1995
ORGANIZATION
(95-2626)
Original: English Trade inServices
COMMUNICATION FROM SIERRA LEONE
General Agreement onTrade inServices -Schedule ofSpecific Commitments
Theattached communication iscirculated attherequest ofthegovernment ofSierra Leone.
_______________WORLD TRADE GATS/SC/105
30August 1995
ORGANIZATION
(95-0000)
Trade inServices
SIERRA LEONE
Schedule ofSpecific Commitments
(This isauthentic inEnglish only)
____________________
Note: Sectors andsub-sectors arelisted according totheWTO Secretariat Services Sectoral
Classification Listindocument MTN.GNS/W/120 of10July1991.SIERRA LEONE -SCHEDULE OFSPECIFIC COMMITMENTS
Modes ofsupply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
I. HORIZONTAL COMMITMENTS
ALL SECTORS INCLUDED
INTHIS SCHEDULE3) Commercial Presence requires thatforeign
service providers incorporate orestablish
thebusiness locally inaccordance withthe
relevant provisions ofSierra Leone laws
and,where applicable, regulations
particularly withrespect tolandand
building acquisition, lease, rental, etc.
Foreign enterprises withinvestment in
Sierra Leone could transfer abroad their
profits inaccordance withtheexisting
regulations.
4) Unbound, except forsenior management
personnel andtechnical experts not
available inthelocal labour market. Prior
toanatural person working inSierra
Leone, aWork Permit must beobtained.4) None, withrespect tocategories ofpersons
indicated inmarket access. Unbound for
allother categories ofpersons.
GATS/SC/105
Page1SIERRA LEONE (continued)GATS/SC/105
Page2
Modes ofsupply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
II. SECTOR-SPECIFIC COMMITMENTS
1. BUSINESS SERVICES
A. Professional Services
(Sub-sectors a-k)1) None
2) None1) None
2) None
3) None, other thancommercial presence
must taketheform ofpartnership. The
foreign ventures shall have tobe
competitive andregistered institutions in
their owncountries.3) None
4) Unbound except asindicated inHorizontal
Commitments4) Unbound except asindicated inHorizontal
Commitments
B. Computer Related
Services
(Sub-sectors a-e)1) None
2) None1) None
2) None
3) None 3) None
4) Unbound except asindicated inHorizontal
Commitments4) Unbound except asindicated inHorizontal
Commitments
F. Other Business Services 1) None 1) None
2) None 2) NoneSIERRA LEONE (continued)
Modes ofsupply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
3) Foreign service providers arepermitted to
establish service companies orinstitutions
withSierra Leonean partners intheform of
joint ventures3) None
4) Unbound except asindicated inHorizontal
Commitments4) Unbound except asindicated inHorizontal
Commitments
2. COMMUNICATION
SERVICES
B. Courier Services
(CPC 7512)1) None 1) None
2) None 2) None
3) None 3) None
4) Unbound except asindicated inHorizontal
Commitments4) Unbound except asindicated inHorizontal
Commitments
3. CONSTRUCTION AND
RELATED
ENGINEERING
SERVICES
(CPC 511-518)1) None
2) None
3) Unbound1) None
2) None
3) Unbound
4) Unbound except asindicated inHorizontal
Commitments4) Unbound except asindicated inHorizontal
Commitments
GATS/SC/105
Page3SIERRA LEONE (continued)GATS/SC/105
Page4
Modes ofsupply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
5. EDUCATIONAL
SERVICES
(CPC 921-929)1) None
2) None1) None
2) None
3) Unbound 3) Unbound
4) Unbound except asindicated inHorizontal
Commitments. Approval shall beobtained
from theMinistry ofEducation4) Unbound except asindicated inHorizontal
Commitments. Qualifications areas
follows: Possession ofaBachelor 'sdegree
orabove, andanappropriate professional
title(e.g. Professor, senior engineer or
lecturer orabove, etc.)
6. ENVIRONMENTAL
SERVICES
(Sub-sectors A-D)1) Unbound
2) Unbound1) Unbound
2) Unbound
3) None 3) None
4) Unbound except asindicated inHorizontal
Commitments4) Unbound except asindicated inHorizontal
CommitmentsSIERRA LEONE (continued)
Modes ofsupply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
7. FINANCIAL SERVICES
A. Allinsurance and
insurance related services
(CPC 812-8140)1) Unbound
2) Unbound1) Unbound
2) Unbound
3) Qualifications forestablishing aforeign
insurance institution areasfollows:3) Requirement ofReinsurance: aforeign
insurance institution shall make itsown
arrangements
-Theinvestor shall beaforeign
insurance company withmore than10
years ofestablishment;
-Foreign insurance companies seeking
entry intoSierra Leone arerequired to
holdminimum assigned capital ata
level twice thatofminimum paid-up
capital prescribed forlocally
incorporated insurance companies. A
"letter ofcomfort" from theparent
supervising authority mayberequested
totheeffect thatanyshortfalls in
solvency orliquidity oftheforeign
insurance company operating inSierra
Leone would berestored by
remittances offunds from thehome
country ifcalled upon todoso.
4) Unbound except asindicated inHorizontal
Commitments4) Unbound except asindicated inHorizontal
Commitments
GATS/SC/105
Page5SIERRA LEONE (continued)GATS/SC/105
Page6
Modes ofsupply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
B. Banking andother
financial services
(excluding insurance)1) None
2) None1) None
2) None
3) None, other thanforeign banks must
incorporate subsidiaries inSierra Leone to
undertake thebusiness ofbanking.
Branches offoreign incorporated banks
seeking entry intoSierra Leone are
required toholdaminimum assigned
capital atalevel twice thatofminimum
paid-up capital prescribed forlocally -
incorporated banks. "Letters ofcomfort"
mayberequested from theparent
supervisory authority totheeffect thatany
shortfalls insolvency orliquidity ofthe
branch/subsidiary inSierra Leone would be
restored byremittances offunds from the
home country ifcalled upon todoso.3) None other thanassurance from theparent
supervisory authority ofreciprocal
treatment ofrequest forestablishment ofa
branch orsubsidiary inthatcountry bya
Sierra Leonean bank infuture.
4) Unbound except asindicated inHorizontal
Commitments4) Unbound except asindicated inHorizontal
Commitments
8. HEALTH RELATED
AND SOCIAL
SERVICES
(Sub-sectors A-D)1) None
2) None1) None
2) None
3) None, other thanforeign service providers
must beregistered practioners inthe
appropriate disciplines.3) None, other thanqualifications shall be
examined andrecognized bytheMinistry
ofHealthSIERRA LEONE (continued)
Modes ofsupply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
4) Unbound except asindicated inHorizontal
Commitments.4) Qualifications required from appropriate
educational establishments andminimum of
twoyears ofexperience intherelevant
field
9. TOURISM AND
TRAVEL RELATED
SERVICES
(Sub-sectors A-D)1) None
2) None1) None
2) None
3) None 3) None
4) Unbound except asindicated inHorizontal
Commitments4) Unbound except asindicated inHorizontal
Commitments
10. RECREATIONAL,
CULTURAL AND
SPORTING SERVICES
(other thanaudiovisual
services)
(Sub-sectors B,C,D)1) None
2) None
3) None1) None
2) None
3) None
4) Unbound except asindicated inHorizontal
Commitments4) Unbound except asindicated inHorizontal
Commitments
GATS/SC/105
Page7SIERRA LEONE (continued)GATS/SC/105
Page8
Modes ofsupply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
11. TRANSPORT
SERVICES
A. Maritime Transport
Services
(CPC 7211-745)1) None
2) None1) None
2) None
3) None, other thancompliance byship-
owners 'representatives withtherelevant
laws ofestablishing business inSierra
Leone3) None
4) Unbound except asindicated inHorizontal
Commitments4) Unbound except asindicated inHorizontal
Commitments
B. Internal Waterways
Transport
(CPC 7221-745)1) None
2) None1) None
2) None
3) None, other thanintheform ofjoint
venture withSierra Leoneans3) None
4) Unbound except asindicated inHorizontal
Commitments4) Unbound except asindicated inHorizontal
Commitments
C. Airtransport services
(CPC 731-746)1) None
2) None1) None
2) None
3) None 3) None
4) Unbound except asindicated inHorizontal
Commitments4) Unbound except asindicated inHorizontal
CommitmentsSIERRA LEONE (continued)
Modes ofsupply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
E. RAIL TRANSPORT
SERVICES
(CPC 7111-743)1) None
2) None1) None
2) None
3) None, other thaneither intheform ofjoint
venture withtheGovernment orSierra
Leoneans3) None
4) Unbound except asindicated inHorizontal
Commitments4) Unbound except asindicated inHorizontal
Commitments
H. SERVICES
AUXILIARY TOALL
MODES OF
TRANSPORT
(CPC 741-749)1) None
2) None
3) None, other thanintheform ofjoint
venture withSierra Leoneans1) None
2) None
3) None
4) Unbound except asindicated inHorizontal
Commitments4) Unbound except asindicated inHorizontal
Commitments
GATS/SC/105
Page9