Sector or sub-sector restrictions on market access restrictions on national treatment Additional commitments I. HORIZONTAL COMMITMENTS. Sector or sub-sector restrictions on market access restrictions for national treatment Additional commitments 4) Entry and temporary stay of Natural. Sector or sub-sector restrictions on market access restrictions for national treatment Additional commitments 4) With the recommendation of.
Sector or sub-sector restrictions on market access restrictions on national treatment Additional commitments However, a special contractor. Sector or sub-sector restrictions on market access Restrictions on national treatment Additional commitments to corporations or associations .. organized under the laws of the Philippines at least 60 percent of whose capital is owned by such citizens. Sector or sub-sector restrictions on market entry Restrictions on national treatment Additional commitments C. TELECOMMUNICATION SERVICES .. line information and database retrieval.
Sector or Sub-Sector Limitations on Market Access Limitations on National Treatment Additional Commitments I. Philippine satellite operators .. have priority in securing the space segment capacity of the franchised entity after all factors are considered. Sector or sub-sector Market access restrictions National treatment restrictions Allowed additional commitments8. Modes of supply 1) Cross-border supply 2) Foreign consumption 3) Commercial presence 4) Presence of natural persons Sector or sub-sector Market access restrictions National treatment restrictions Additional commitments 3, CONSTRUCTION AND RELATED ENGINEERING SERVICES.
Methods of supply 1) Cross-border supply 2) Consumption abroad 3) Market presence 4) Presence of natural persons Sector or sub-sector Market access restrictions National treatment restrictions Additional obligations.
FINANCIAL SERVICES
Modes of supply 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence of natural persons Sector or sub-sector Market entry restrictions Restrictions on national treatment Additional commitments .. the agreements that can be concluded will be with the local government unit /unit in question. In the banking sector, the Monetary Board shall ensure that at all times seventy percent (70%) of the resources or assets of the Philippine banking system are held by domestic banks that are at least majority owned by Filipinos. 3), (4) The restrictions listed in the horizontal section will also apply. A widely owned and publicly listed foreign bank can only benefit from one form of trading presence at a time.
However, this shall not preclude secondary investment in the capital of a bank incorporated in the country not exceeding thirty percent (30%) of the voting stock or forty percent (40%) upon approval by the President of the Philippines. Modes of supply 1 ) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence of natural persons Sector or sub-sector Market access restrictions National treatment restrictions Additional obligations - All payments and money. A majority of the members of the Board of Directors of a locally incorporated bank must be citizens of the Philippines. For foreign service providers other than banks, the aggregate share in the voting stock of a locally incorporated bank shall be limited to thirty percent (30%) or up to forty percent (40%) upon approval by the President of the Philippines . Modes of supply 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence of natural persons Sector or sub-sector Market entry restrictions National treatment restrictions Additional commitments.
Most of the board members are citizens of the Philippines. Modes of supply 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence of natural persons Sector or sub-sector Market access restrictions National treatment restrictions Additional obligations .. limited to one third of the total board membership in the case of a company; excluding foreign managing partners in the case of a general partnership. The membership of non-Filipino citizens in the board of directors shall be limited to one-third of the total membership of the board of directors in the case of a corporation; excluding foreign managing partners in the case of a general partnership.
Modes of supply 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence of natural persons Sector or sub-sector Restrictions on market entry Restrictions on national treatment Additional commitments .. functions will have two Philippine studies.. exchange brokerage 1) Commercial presence is required. All other restrictions mentioned in mode 3 above for commercial banks shall apply to commercial banks. Participation in foreign capital is limited to forty percent (40%) for non-bank financial intermediaries.. provided for in the horizontal section.
Modes of supply 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence of natural persons Sector or subsector Restrictions on market access Restrictions on national treatment Additional obligations products such as warrants and. For investment houses, all other restrictions mentioned under mode (3) above for investment houses apply. Performing the functions of a securities transfer agent, such as but not limited to overseeing the issuance and transfer of stock certificates.
Transactions of an issuer primarily engaged in the business of investing, reinvesting or trading in securities. Modes of supply 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence of natural persons Sector or Subsector Restrictions on market access Restrictions on national treatment Additional obligations .. provided in the horizontal section. in the horizontal section.
ALL INSURANCE AND INSURANCE-RELATED SERVICES
TOURISM AND TRAVEL RELATED SERVICES Hotel, resort, pensions houses,
Foreign nationals may also establish branches provided that the minimum US paid-up capital per restaurant is met. Foreign nationals can also establish additional branches provided that the minimum is paid in capital of US$. Provided that 30% local inventory requirements are met, public offering requirements under certain conditions and prohibitions on engaging in certain restaurant activities.
Each registered foreign restaurant must submit the following to the Ministry of Trade and Industry. A general information sheet in the prescribed format, which shows, among other things, the company's authorized stores and the entity's business status; Qualified foreign restaurants are not permitted to engage in certain retail activities outside of their accredited outlets through the use of mobile or hand-held stores or carts, the use of sales agents, door-to-door sales, sari-sari stores, and similar other similar retail activities. activities.
Modes of supply 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence of natural persons Sector or sub-sector Market access restrictions National treatment restrictions Additional obligations .. percent of capital owned by such nationals. Each foreign employee must have at least two (2) Filipino undergrads. 3), 4) The restrictions listed in the horizontal section also apply.
MARITIME TRANSPORT SERVICES International Transport (passenger
OTHER TRANSPORT SERVICES
SERVICES AUXILIARY TO ALL MODES OF TRANSPORT Cargo handling services
A special visa category is provided for traders and investors from countries with which the Philippines has treaties on entry rights for traders and investors. Commercial banking Authorization for financial services suppliers from another member to establish a commercial presence in commercial banking shall be subject to a reciprocity test. Investment Houses In approving foreign share applications in investment houses, the relevant regulatory authority shall approve such applications only if the same or similar rights are enjoyed by Filipino nationals in the applicant's country.
All Countries Unlimited To provide Philippine financial service providers full market access and national treatment in the foreign financial services market. Financing companies The permission of foreign financial service providers to establish a business presence in commercial banking is subject to a reciprocity test. All Countries Unlimited To provide Philippine financial service providers full market access and national treatment in the foreign financial services market.
