Council for Trade in Services
Committee on Trade in Financial Services Original: English
COMMUNICATION FROM China
Transitional Review Mechanism under Section 18 of the Protocol on
the Accession of the People’s Republic of China
Information required by Annex 1A
The following communication, dated 2 7 October 20 11 , from the delegation of the People's Republic of China is being circulated to the Members of the Council for Trade in Services and the Committee on Trade in Financial Services.
_______________
Transitional Review under Article 18 of the Protocol of Accession of The People’s Republic of China
Information Required in Annex 1A
Regularly updated lists of all laws, regulations, administrative guidelines and other measures affecting trade in each service sector or sub-sector indicating, in each case, the service sector(s) or sub-sector(s) they a
World Trade
Organization RESTRICTED S/FIN/W/70
12 October 2009 (09-4940) Committee on Trade in Financial Services Original: English
Communication from THE european communities
Transitional Review Mechanism Pursuant to Paragraph 18 of
the Protocol of the Accession of the People's Republic of China ("China")
The following communication, dated 9 October 2009, from the delegation of the European Communities, is being circulated to the Members of the Committee on Trade in Financial Services.
_______________
The EC is transmitting comments and questions in advance of the meeting of the Committee on Trade in Financial Services on 2 November 2009, in order to allow the Chinese authorities sufficient time to provide a complete response.
In order to ensure effective review of the implementation by China of its commitments, the EC requests China to provide responses and relevant information to the following questions in advance of the meeting of the
World Trade
Organization RESTRICTED S/FIN/W/66
14 November 2008 (08-5567) Committee on Trade in Financial Services Original: English
Communication from THE EUROPEAN COMMUNITIES
Transitional Review Mechanism Pursuant to Paragraph 18 of
the Protocol on the Accession of the People's Republic of China
The following communication, dated 12 November 2008, from the delegation of the European Communities, is being circulated to the Members of the Committee on Trade in Financial Services.
_______________
The EC is transmitting comments and questions in advance of the meeting of the Committee on Trade in Financial Services on 1 December 2008, in order to allow the Chinese authorities sufficient time to provide a complete response.
In order to ensure effective review of the implementation by China of its commitments, the EC requests China to provide responses and relevant information to the following questions in advance of the meeting of the Committ
World Trade
Organization RESTRICTED S/FIN/W/64
10 November 2008 (08-5442) Committee on Trade in Financial Services Original: English
Communication from JAPAN
Transitional Review Mechanism in connection with Paragraph 18 of
the Protocol on the Accession of the People's Republic of China
The following communication, dated 6 November 2008, from the delegation of Japan, is being circulated to the Members of the Committee on Trade in Financial Services.
_______________
Questions and Comments of Japan on the Implementation by China
of its Commitments on Trade in Financial Services
Japan recognizes and welcomes China's continuous efforts to implement its WTO commitments for financial services. Japan believes that liberalization in the financial services sector will not only enhance the efficiency of the sector, but also contribute to China's overall economic growth. In this context, Japan continues to encourage China to make further efforts
World Trade
Organization S/FIN/W/54
13 November 2006
(06-5460) Committee on Trade in Financial Services
- draft -
ANNUAL REPORT OF THE COMMITTEE ON TRADE IN FINANCIAL SERVICES TO THE COUNCIL FOR TRADE IN SERVICES (2006)
Since its last annual report to the Council for Trade in Services (S/FIN/14), the Committee on Trade in Financial Services has held three formal meetings, on 19 September 2005, 7 February 2006, and 11 April 2006. In this period, the Committee addressed the following matters: the acceptance of the Fifth Protocol to the General Agreement on Trade in Services; technical issues; and recent developments in financial services trade. Additionally, the Committee carried out the fourth transitional review of the implementation by China of its WTO commitments, pursuant to section 18 of the Protocol on the Accession of the People's Republic of China.
acceptance of the fifth protocol to the gats
Three Members have not yet accepted the Protocol
World Trade
Organization RESTRICTED S/FIN/W/50
20 September 2005
(05-4146) Committee on Trade in Financial Services Original: English
Communication from CANADA
Transitional Review Mechanism in connection with Paragraph 18 of
the Protocol on the Accession of the People's Republic of China
The following communication, dated 19 September 2005, from the delegation of Canada is being circulated to the Members of the Committee on Trade in Financial Services.
_______________
Canada recognizes China’s efforts of the past year to continue implementing its WTO commitments for financial services, and reiterates its support for the Transitional Review Mechanism and the useful information exchange it promotes. In accordance with paragraph 18 of China’s accession protocol, and in order to contribute to an informed discussion, Canada requests that China provide responses and relevant information concerning the following questions and comments during the
World Trade
Organization RESTRICTED S/FIN/W/49
14 September 2005
(05-3998) Committee on Trade in Financial Services Original: English
Communication from AUSTRALIA
Transitional Review Mechanism in connection with Paragraph 18 of
the Protocol on the Accession of the People's Republic of China
The following communication, dated 12 September 2005, from the delegation of Australia is being circulated to the Members of the Committee on Trade in Financial Services.
_______________
Australia acknowledges China’s continuing efforts to implement its WTO commitments for financial services. Australia recognises that China’s accession to the WTO and its own economic reform program have instigated a welcome process of liberalisation with a view to greater access for foreign firms across the financial services sector. The competitive stimulus and enhanced efficiency flowing from opening the financial services sector to greater foreign participation, c
World Trade
Organization RESTRICTED S/FIN/W/48
12 September 2005 (05-3937) Committee on Trade in Financial Services Original: English
Communication from the separate customs territory of taiwan, Penghu, kinmen and matsu
Transitional Review Mechanism in connection with Paragraph 18 of
the Protocol on the Accession of the People's Republic of China
The following communication, dated 7 September 2005, from the delegation of the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu is being circulated to the Members of the Committee on Trade in Financial Services.
_______________
Que
stions and Comments of the Separate Customs Territory of Taiwan,
Penghu, Kinmen and Matsu on the Implementation by China
of its Commitments on Trade in Financial Services
It is our understanding that, in accordance with the provisions of the WTO Agreement, China’s Accession Protocol, the Report of the Working Party on China’s Accession, and Chin
the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu
2005/9/12
World Trade
Organization RESTRICTED S/FIN/W/47
7 September 2005
(05-3930) Committee on Trade in Financial Services
- DRAFT -
ANNUAL REPORT OF THE COMMITTEE ON TRADE IN FINANCIAL SERVICES TO THE COUNCIL FOR TRADE IN SERVICES (2005)
Since its last annual report to the Council for Trade in Services (S/FIN/12), the Committee on Trade in Financial Services has held three formal meetings, on 23 November 2004, and 10 February and 23 June 2005. In this period, the Committee addressed the following matters: the acceptance of the Fifth Protocol to the General Agreement on Trade in Services; technical issues; recent developments in financial services trade; and a joint statement by a group of Members on financial services liberalization. Additionally, the Committee carried out the third transitional review of the implementation by China of its WTO commitments, pursuant to section 18 of the Protocol on the Accession of the People's Republic of China.
acceptance of
World Trade
Organization RESTRICTED S/FIN/W/46
2 September 2005 (05-3835) Committee on Trade in Financial Services Original: English
Communication from JAPAN
Transitional Review Mechanism in connection with Paragraph 18 of
the Protocol on the Accession of the People's Republic of China
The following communication, dated 30 August 2005, from the delegation of Japan is being circulated to the Members of the Committee on Trade in Financial Services.
_______________
Que
stions and Comments of Japan on the Implementation by China
of its Commitments on Trade in Financial Services
Japan recognizes and welcomes China’s continuous efforts to implement its WTO commitments in financial services.
Japan
believe
s
that liberalization in the financial services sector will not only enhance the efficiency of the sector, but also substantially contribute to the continued growth of the economy.
World Trade
Organization RESTRICTED S/FIN/W/45
23 August 2005 (05-3720) Committee on Trade in Financial Services Original: English
Communication from THE UNITED STATES
Transitional Review Mechanism in connection with Paragraph 18 of
the Protocol on the Accession of the People's Republic of China
The following communication, dated 19 August 2005, from the delegation of the United States is being circulated to the Members of the Committee on Trade in Financial Services.
_______________
Questions from the United States to China
concerning Financial Services
Insurance
Currently, the most important issue for many established and operating foreign insurers in China is the ability to grow their business geographically through branch and sub-branch expansion. Key questions and concerns include the number of branches that a company can apply for at any one time and whether approvals will be on a consecutive or concurrent basis, how and by
World Trade
Organization RESTRICTED S/FIN/W/44
2 August 2005 (05-3474) Committee on Trade in Financial Services Original: English
Communication from THE EUROPEAN COMMUNITIES
China's Transitional Review Mechanism 2005
The following communication, dated 27 July 2005, from the delegation of the European Communities is being circulated to the Members of the Committee on Trade in Financial Services.
_______________
The EC is transmitting comments and questions in advance of the
meeting of
the Committee on Trade in Financial Services in September 2005, in order for the Chinese authorities to have sufficient time to provide complete replies.
Once the information to be provided by China in accordance with paragraph 8 and paragraph IV.3 (a) of Annex 1A of its Accession Protocol has been received, the EC might come back with additional questions.
The EC welcomes the expansion of geographical scope for foreign-funded financial institutions at the end o
World Trade
Organization TN/S/W/43 S/FIN/W/43
8 June 2005
(05-2335) Council for Trade in Services
Special Session
Committee on Trade in Financial Services Original: English
COMMUNICATION FROM AUSTRALIA, BAHRAIN, CANADA, THE EUROPEAN COMMUNITIES, JAPAN, NORWAY, oman, PANAMA, Singapore, SWITZERLAND, THE SEPARATE CUSTOMS TERRITORY OF TAIWAN, PENGHU, KINMEN AND MATSU, AND THE UNITED STATES
Liberalization of Financial Services
The following communication, dated 6 June 2005, from the delegations of Australia, Bahrain, Canada, the European Communities, Japan, Norway, Oman, Panama, Singapore, Switzerland, the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu, and the United States is being circulated to the Members of the Council for Trade in Services and the Committee on Trade in Financial Services.
_______________
Importance of financial services liberalization for economic growth, stability and development
"Financial services" inc
Australia, Bahrain, Canada, the European Communities, Japan, Norway, Oman, Panama, Singapore, [...]d Matsu, and the United States
2005/6/8
World Trade
Organization RESTRICTED S/FIN/W/42
17 November 2004
(04-4966) Committee on Trade in Financial Services Original: English
Communication from AUSTRALIA
Transitional Review Mechanism in connection with Paragraph 18 of
the Protocol on the Accession of the People's Republic of China
The following communication, dated 16 November 2004, from the delegation of Australia is being circulated to the Members of the Committee on Trade in Financial Services.
_______________
Australia acknowledges the difficult work undertaken by China to implement its WTO commitments for financial services. Australia recognises that China’s accession to the WTO and its own economic reform program has instigated a welcome process of liberalisation with a view to greater access for foreign firms across the financial services sector. The competitive stimulus and enhanced efficiency that is being engendered in the financial services sector will be an importan
World Trade
Organization RESTRICTED S/FIN/W/41
15 November 2004 (04-4836) Committee on Trade in Financial Services Original: English
Communication from CHINESE TAIPEI
Transitional Review Mechanism in connection with Paragraph 18 of
the Protocol on the Accession of the People's Republic of China
The following communication, dated 11 November 2004, from the delegation of Chinese Taipei is being circulated to the Members of the Committee on Trade in Financial Services.
_______________
We welcome
China’s
Implementing Rules for the Administrative Regulations on Foreign-Invested Financial
Institutions,
issued
on
26 July 2004.
We are pleased to note that some of the amendments made to the
Rules
by China’s competent authorities are in response to questions posed by Members at the last TRM sessions. Changes
includ
e the removal
of
the restriction of branch opening to one per year, the lowering
of capital requirements
, and improved cl
