World Trade
Organization S/FIN/12
26 November 2004 (04-5158) Committee on Trade in Financial Services

ANNUAL REPORT OF THE COMMITTEE ON TRADE IN FINANCIAL SERVICES TO THE COUNCIL FOR TRADE IN SERVICES (2004)

Since its last annual report to the Council for Trade in Services (S/FIN/10), the Committee on Trade in Financial Services has held four formal meetings, on 1 December 2003, 23 March, 25 June, and 28 September 2004.
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 proposal regarding the GATS and the Annex on Financial Services by Antigua and Barbuda,

transitional review under section 18 of the protocol on the accession of the people's republic of china
At its meeting on 1 December 2003, the Committee carried out the second 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.

presentation by the OECD
At the invitation of the Committee, at the meeting held on 23 March 2004, the OECD presented a document entitled "Managing Request-Offer Negotiations Under the GATS: the Case of Insurance Services", which is part of a joint project between OECD and UNCTAD to develop checklists for the preparation of requests and offers in different sectors.