World Trade
Organization RESTRICTED S/FIN/W/16
3 November 2000 (00-4830) Committee on Trade in Financial Services

DRAFT

REPORT OF THE COMMITTEE ON TRADE IN FINANCIAL SERVICES
TO THE COUNCIL FOR TRADE IN SERVICES

The Committee on Trade in Financial Services held four formal meetings during 2000 on 13 April, 25 May, 13 July, and 9 October.

With regard to the acceptance of the Fifth Protocol, the Committee noted at its first meeting of the year that 10 Members (Bolivia, Brazil, Dominican Republic, Ghana, Jamaica, Kenya, Nigeria, Philippines, Poland and Uruguay) were yet to accept the Protocol.
While some delegations would accept an information gathering exercise with no links to any discussion about prudential measures, others strongly opposed such an exercise regardless of how it might be conducted.
In view of the fact that some delegations regard granting observer status to be an issue with systemic implications, the Committee decided to defer its decision on this request until the conclusion of the ongoing discussion on observer status of intergovernmental organizations in the General Council.