World Trade
Organization S/FIN/14
20 September 2005 (05-4145)

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.
Members addressed a communication by Australia, Bahrain, Canada, Chinese Taipei, the European Communities, Japan, Norway, Oman, Panama, Singapore, Switzerland, and the United States on the liberalization of financial services (TN/S/W/43).
They should be read in conjunction with this report.