World Trade
Organization S/FIN/15
23 September 2005
(05-4221) Committee on Trade in Financial Services


TRANSITIONAL REVIEW UNDER SECTION 18 OF THE PROTOCOL ON THE ACCESSION OF THE PEOPLE'S REPUBLIC OF CHINA

Report to the Council for Trade in Services


At its meeting on 19 September 2005, the Committee on Trade in Financial Services carried out the fourth transitional review of the implementation by China of its WTO commitments and of the related provisions of the Protocol on the Accession of the People's Republic of China (WT/L/432), pursuant to section 18 of the said Protocol.
Written communications from the European Communities (S/FIN/W/44); the United States (S/FIN/W/45); Japan (S/FIN/W/46); and Chinese Taipei (S/FIN/W/48) were included in the agenda for the meeting. Australia and Canada also submitted written communications (S/FIN/W/49 and S/FIN/W/50, respectively).
A detailed account of the discussions during the meeting can be found in the

World Trade
Organization S/FIN/7
25 October 2002 (02-5865) Committee on Trade in Financial Services



TRANSITIONAL REVIEW UNDER SECTION 18 OF THE PROTOCOL ON THE ACCESSION OF THE PEOPLE'S REPUBLIC OF CHINA

Report to the Council for Trade in Services


1. At its meeting on 21 October 2002, the Committee on Trade in Financial Services carried out the first transitional review of the implementation by China of its WTO commitments, pursuant to section 18 of the Protocol o

World Trade
Organization S/FIN/7
25 October 2002 (02-5865) Committee on Trade in Financial Services

TRANSITIONAL REVIEW UNDER SECTION 18 OF THE PROTOCOL ON THE ACCESSION OF THE PEOPLE'S REPUBLIC OF CHINA

Report to the Council for Trade in Services

1.
At its meeting on 21 October 2002, the Committee on Trade in Financial Services carried out the first 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 (WT/L/432).
contained in document S/FIN/M/37, paragraphs 11 to 71.
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World Trade
Organization S/FIN/11
4 December 2003
(03-6435) Committee on Trade in Financial Services

TRANSITIONAL REVIEW UNDER SECTION 18 OF THE PROTOCOL ON THE ACCESSION OF THE PEOPLE'S REPUBLIC OF CHINA

Report to the Council for Trade in Services

At its meeting on 1 December 2003, the Committee on Trade in Financial Services 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 (WT/L/432).

Written communications were submitted before the meeting by the following Members: Japan (S/FIN/W/30); the European Communities (S/FIN/W/32); Canada (S/FIN/W/33), Chinese Taipei (S/FIN/W/34); and the United States (S/FIN/W/35).
contained in document S/FIN/M/43, paragraphs 21 to 74.

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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; presentations by the International Monetary Fund and the World Bank; and the transitional review under section 18 of the Protocol on the Accession of the People's Republic of China.
At the Committee's invitation, those Members reported periodically on the situation of their domestic ratification processes and acceptance procedures.
The presentation described the regulatory process by which the United States Executive Branch developed regulations for the implementation of the Gramm-Leach-Bliley Act, including the request for public comment from interested parties.
At its meeting in October 2002, the Committee decided to invite the World Bank to make a presentation on its policy report entitled "Finance for Growth: Policy Choices in a Volatile World".
At its meeting on 21 October 2002, the Committee carried out the first 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.