GENERAL AGREEMENT GATS/EL/70
15April 1994
ONTRADE INSERVICES (94-1138)
PHILIPPINES
Final ListofArticle II(MFN) Exemptions
(This isauthentic inEnglish only)
____________________PHILIPPINES -FINAL LIST OFARTICLE II(MFN) EXEMPTIONS
Sector orsubsector Description ofmeasure
indicating itsinconsistency
with Article IICountries towhich the
measure appliesIntended duration Conditions creating theneed
fortheexemption
ALL SECTORS
Entry andtemporary
stayofnatural
persons supplying
servicesAspecial visacategory is
provided fortraders and
investors ofcountries withwhich
thePhilippines hasconcluded
treaties onentry rights for
traders andinvestorsAllcountries Expiry dateortermination of
bilateral treaties onentry rights
fortraders andinvestorsTofacilitate entry intothe
Philippines, onthebasis of
reciprocity, offoreign nationals
forpurposes oftrade,
investment andrelated activities
Under thisspecial category, the
labor market testiswaived and
simplied entry procedures are
provided
Maritime Transport
Services
Liner cargo trade Executive Order 769provides
forapreferential cargo sharing
arrangement withcountries
which areparties tothe
UNCTAD Liner CodeAllcountries which have
acceded totheUNCTAD Liner
CodeIndefinite Ensure effective participation of
Philippine ocean-going fleet in
Philippine liner cargo trade
Under theabove-mentioned
arrangement, aParty tothe
UNCTAD Liner Code
effectively implementing the
Code isassured ofatleast
40percentshare ofitsbilateral
export andimport liner cargo
trade withthePhilippines
GATS/EL/70
Page1PHILIPPINES (continued)GATS/EL/70
Page2
Sector orsubsector Description ofmeasure
indicating itsinconsistency
with Article IICountries towhich the
measure appliesIntended duration Conditions creating theneed
fortheexemption
Cabotage transport Access todomestic shipping is
reserved forPhilippine owned or
registered vesselsAllcountries Expiry dateortermination of
bilateral agreements onAmity,
Commerce andNavigationAllow limited access tocabotage
transport onareciprocal basis
However, limited access to
domestic shipping isgranted to
countries withwhich the
Philippines hasconcluded
agreements onAmity,
Commerce andNavigation
Banking andOther
Financial Services
(including insurance)With respect tothegranting of
authorization forthe
establishment ofcommercial
presence orexpansion of
existing operations inFinancial
Services inthePhilippines,
favourable treatment would be
accorded, onadiscretionary
basis, tofinancial service
suppliers ofanother Member
thataccords favourable treatment
tofinancial service suppliers of
thePhilippinesAllcountries Indefinite Topromote greater
liberalization infinancial
services between thePhilippines
andother Members inamanner
thatwould contribute tothe
attainment ofPhilippine
development objectives inthe
financial sector