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 SDCSWISLR1.doc
World Trade
Organization S/DCS/W/ISL/Rev.
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ICELAND – SCHEDULE OF SPECIFIC COMMITMENTS
Modes of supply: (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons Sector or Sub-sector Limitations on Market Access Limitations on National Treatment Additional Commitments I.
HORIZONTAL COMMITMENTS ALL SECTORS INCLUDED IN THIS SCHEDULE 3) All foreign investment and currency transfers
must be reported to the Central Bank of
Iceland
Investment by non-residents in the
manufacturing industry, other than power-
intensive industry, trade services,
communications and fish farming may not
exceed 25% of the total investment of the
relevant sector without special permission.
3) Treatment accorded to subsidiaries of third-
country companies formed in accordance with
the law of an EEA Member State and having
their registered office, central administration or
principal place of business within an EEA
Member State may not be extended to branches
or agencies established in an EEA Member
State by a third-country company
Treatment less favourable may be accorded to
subsidiaries of a third-country company formed
in accordance with the law of an EEA Member
State having only their registered office in the
territory of an EEA Member State unless they
show that they possess an effective and
continuous link with the economy of one of the
EEA Member States
All foreign investment of a Foreign State or
companies/organizations owned by a Foreign
State requires a special concession of the
Ministry of Commerce
Managers and the majority of the members of
the board of directors in all domestic enterprises
must be domiciled in Iceland unless exempted
from this requirement by the Ministry of
Commerce Non-residents cannot conclude an agreement
on real-estate lease without the permission of
the Ministry of Justice if the lease is for a
period exceeding three years and not for use in
conducting its normal business activities
At least one of the auditors of an Icelandic
limited liability company must be a resident in
Iceland or a competent resident CPA company Non-residents may only acquire real estate in
conjunction to their business activities and can
only obtain ordinary proprietary rights linked
to the real estate
Non-residents are thus excluded from
obtaining full property rights of real estate if
unusual rights are linked to it,
such as
exploitation rights as regards waterfalls,
geothermal energy, etc
Contracts concerning ownership and long-
term use of real-estate by non-residents are not
valid until the Ministry of Justice has endorsed
it in writing
Non-residents, natural as well as legal
persons, involved in trade in goods or rental of
videos, need a trade permit but such regulated
trade licences are required for both Icelandic
and non-resident providers of service
All provision of services by natural persons,
as self-employed or taking part in a business
enterprise with unlimited liability, needs a
concession, by the Ministry of Commerce, if
the persons involved are non-residents
Movement of Personnel
Temporary entry of service providers
4) Unbound except the temporary entry of the
following service providers as intra-corporate
transferees, which Iceland shall permit
without requiring compliance with labour
market tests:
Executives: persons who primarily direct the
management of the organization covered by
the agreement and establish its goals and
generally have a wide decision-making
authority.
1) None
2) None
3) Ability in the Icelandic language required
4) Ability in the Icelandic language required
(k) Other 1) None
2) None
3) None
4) Unbound except as indicated in the horizontal
section 1) None
2) None
3) None
4) None Computer and Related
Services
(a) Consultancy services
related to the installation of
computer hardware
(CPC 841)
1) None
2) None
3) None
4) Unbound except as indicated in the horizontal
section
1) None
2) None
3) None
4) None
(b) Software development
(including software
implementation)
CPC 842)
1) None
2) None
3) None
4) Unbound except as indicated in the horizontal
section
1) None
2) None
3) None
4) None
(c) Data processing services
(CPC 843)
1) None
2) None
3) None
4) Unbound except as indicated in the horizontal
section
1) Concession needed if personal-data is to be
processed outside Icelandic jurisdiction
2) None
3) None
4) None
(d) Data base services
(CPC 844)
1) None
2) None
3) None
4) Unbound except as indicated in the horizontal
section
1) Concession needed if personal-data is to be
processed outside Icelandic jurisdiction
2) None
3) None
4) None
(e) Other
1) None
2) None
3) None
4) Unbound except as indicated in the horizontal
section
1) Concession needed if personal-data is to be
processed outside Icelandic jurisdiction
2) None
3) None
4) None
C.
4) Unbound except as indicated in the horizontal
section
1) None
2) None
3) None
4) None
(b) Relating to aircraft
(CPC 83104)
1) None
2) None
3) To be registered in the aircraft register the
aircraft must be owned by Icelandic natural or
juridical persons resident in Iceland
4) Unbound except as indicated in the horizontal
section
1) None
2) None
3) None
4) None
(c) Relating to other transport equipment (CPC 83101 + 83102 + 83105)
1) None
2) None
None
4) Unbound except as indicated in the horizontal
section
1) None
2) None
3) Residency requirement for car rental services
4) Residency requirement for car rental services
(d) Relating to other machinery
and equipment
(CPC 832)
1) None
2) None
3) None
4) Unbound except as indicated in the horizontal
section
1) None
2) None
3) None
4) None
(e) Other
1) None
2) None
3) None
4) Unbound except as indicated in the horizontal
section
1) None
2) None
3) None
4) None
F.
hunting and
forestry (CPC 881) 1) None
2) None
3) None
4) Unbound except as indicated in the horizontal
section
1) None
2) None
3) None
4) None
(i) Services incidental to
manufacturing
(CPC 884+885/except for
88442)
1) None
2) None
3) None
4) Unbound except as indicated in the horizontal
section
1) None
2) None
3) None
4) None
(k) Placement and supply
services of personnel
(CPC 872)
1) None
2) None
3) None
4) Unbound except as indicated in the horizontal
section
1) None
2) None
3) None
4) None
(m) Related scientific and
technical consulting
services (CPC 8675)
1) None
2) None
3) None
4) Unbound except as indicated in the horizontal
section
1) None
2) None
3) None
4) None
(n) Maintenance and repair of
equipment (CPC
633+8861-8866; not
including maritime vessels,
aircraft or other transport
equipment)
1) None
2) None
3) None
4) Unbound except as indicated in the horizontal
section
1) None
2) None
3) None
4) None
(o) Building-cleaning services
(CPC 874)
1) None
2) None
3) None
4) Unbound except as indicated in the horizontal
section
1) None
2) None
3) None
4) None
(p) Photographic services
(CPC 875)
1) None
2) None
3) None
4) Unbound except as indicated in the horizontal
section
1) None
2) None
3) None
4) None
(q) Packaging services
(CPC 876)
1) None
2) None
3) None
4) Unbound except as indicated in the horizontal
section
1) None
2) None
3) None
4) None
(r) Printing, publishing
(CPC 88442)
1) None
2) None
3),4) Nationality or residency requirement of at
least one year for publishing of newspapers or
magazines within the national territory.
Hotels and Restaurants
(including catering)
(CPC 641-643)
1) None
2) None
3) None
4) Unbound except as indicated in the horizontal
section
1) None
2) None
3) Condition of licenses is one year previous
residency
4) Condition of licenses is one year previous
residency
B.
Air Transport Services
Maintenance and repair of
aircraft and parts thereof
1) Unbound*
2) None
None
Unbound except as indicated in the horizontal
section
1) Unbound*
2) None
3) None
4) None Sales and marketing
1) None
2) None
3) None
4) Unbound except as indicated in the horizontal
section 1) For distribution through CRS of air transport
services provided by CRS parent carrier:
unbound
2) None
3) For distribution through CRS of air transport
services provided by CRS parent carrier:
unbound
4) None
Computer Reservations
System
1) None
2) None
3) None
4) Unbound except as indicated in the horizontal
section
1) For obligations of parent or participating carriers in respect of a CRS controlled by an air carrier of one or more third countries: unbound
2) None
3) For obligations of parent or participating carriers in respect of a CRS controlled by an air carrier of one or more third countries:
4) None
Road Transport Services
(a) Passenger transportation
(CPC 7121+7122)
1) None
2) None
3),
4) Unbound except as indicated in the horizontal
section
1) None
2) None
3) None
4) None
(b) Freight transportation
(CPC 123)
1) None
2) None
3) None
4) Unbound except as indicated in the horizontal
section
1) None
2) None
3) None
4) None
(c) Rental of commercial
vehicles with operator
(CPC 7124)
1) None
2) None
3) None
4) Unbound except as indicated in the horizontal
section
1) None
2) None
3) None
4) None
(d) Maintenance and repair of
road transport equipment
(CPC 6112+8867) 1) None
2) None
3) None
4) Unbound except as indicated in the horizontal
section
1) None
2) None
3) None
4) None
(e) Supporting services for
road transport services
(CPC 744)
1) None
2) None
3) None
4) Unbound except as indicated in the horizontal
section
1) None
2) None
3) None
4) None
H.
Such interconnection is provided1:
(a) under non-discriminatory terms, conditions (including technical standards and specifications) and rates and of a quality no less favourable than that provided for its own like services or for like services of non-affiliated service suppliers or for its subsidiaries or other affiliates2,
(b) in a timely fashion, on terms, conditions (including technical standards and specifications) and cost-oriented rates that are transparent, reasonable, having regard to economic feasibility, and sufficiently unbundled so that the supplier need not pay for network components or facilities that it does not require for the service to be provided; and
(c) upon request, at points in addition to the network termination points offered to the majority of users, subject to charges that reflect the cost of construction of necessary additional facilities.
Public availability of licensing criteria
Where a licence is required, the following will be made publicly available:
(a) all the licensing criteria and the period of time normally required to reach a decision concerning an application for a licence and
(b) the terms and conditions of individual licences.
These activities include, but are not limited to:
(a) marketing and sales of maritime transport and related services through direct contact with customers, from quotation to invoicing, these services being those operated or offered by the service supplier itself or by service suppliers with which the service seller has established standing business arrangements;
(b) the acquisition, on their own account or on behalf of their customers (and the resale to their customers) of any transport and related services, including inward transport services by any mode, particularly inland waterways, road and rail, necessary for the supply of the integrated service;
(c) the preparation of documentation concerning transport documents, customs documents, or other documents related to the origin and character of the goods transported;
(d) the provision of business information by any means, including computerised information systems and electronic data interchange (subject to the provisions of the annex on telecommunications);
(e) the setting of any business arrangements (including participation in the stock of a company) and the appointment of personnel recruited locally (or, in the case of foreign personnel,
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ICELAND - LIST OF ARTICLE II (MFN) EXEMPTIONS
Sector or Subsector Description of measure indicating its inconsistency
with Article II Countries to which the measure applies Intended duration Conditions creating the need for the exemption ALL SECTORS
Measures aimed at promoting Nordic cooperation such as:
- guarantees and loans to investment projects and exports (The Nordic Investment Bank)
- financial support to R&D projects (The Nordic Industrial Fund)
- funding of feasibility studies for international projects (The Nordic Fund for Project Exports)
- financial assistance to companies* utilizing environmental technology (The Nordic Environment Finance Corporation).
89/552) and which define programmes of European origin in order to extend national treatment to audiovisual programmes meeting specific origin criteria
Parties to the Council of Europe Convention on Transfrontier Television or other European countries with whom an agreement may be concluded
Indefinite
The promotion of cultural identity within the broadcasting sector in Europe, as well as achievement of certain linguistic policy objectives
Audiovisual services; production and distribution of cinematographic works and television programmes
Measures that are adopted for the implementation of benefits in conformity with such support programmes as MEDIA and EURIMAGES to audiovisual programmes and suppliers to these programmes, meeting specific European origin criteria
European countries
Indefinite
Preservation and promotion of the regional identity of the countries concerned
Support programmes for the production and distribution of cinematographic works and television programmes (The Nordic Film and TV Fund)
Denmark,
Finland, Norway and Sweden
Indefinite
To maintain and develop Nordic cooperation
Measures based upon government-to-government framework agreements, and plurilateral agreements, on co-production of audiovisual works, which confer National Treatment to audiovisual works covered by these agreements, in particular in relation to distribution and access to funding
All countries with whom cultural cooperation may be desirable (agreements already exist, or are being negotiated, with the following countries: France, Canada)
Indefinite (The promotion of cultural links between countries cannot be time bound)
The aim of these agreements is to promote cultural links between the countries concerned
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This document has been prepared, in English only, under the Secretariat's own responsibility and without prejudice to the positions of Members and to their rights and obligations under the WTO.
2 Different terms, conditions and rates may be set in Iceland for operators in different market segments, on the basis of non-discriminatory and transparent national licensing provisions, where such differences can be objectively justified because these services are not considered "like services".
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