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To provide the schedule of acceptance of certain obligations concerning access on
The market in eleven sectors, among which and sector of financial services,
Including insurance. These schedules form an integral part of the agreement and,
Thus, are legally obligatory. The obligations given in
Unilateral order, that is under own discretion of the country-participant,
But mentioned in the course of agreement undertaking, are "proclaimed"
Also cannot be changed within three years. To begin with in quality
Exceptions Article II allowed to allocate to the countries-participants sectors, in
Which the most-favoured-nation clause will not extend on
Service providers of other participants. According to corresponding Application to
To article II, such "clearing of the most-favoured-nation clause"
Probably for the term up to five years after coming into force General
Agreements, or, with the consent of Council in sphere of granting of services of the WTO, on
On conditions of the WTO, the country-participant can enter restrictions on trade
Services for the purpose of regulation of the balance of payments in case of the serious
Difficulties. In any other case restriction cannot be entered for
What transactions in sectors, on which the participant had been gave obligations.
The general agreement has some the basic exceptions. It not
Covers immigration questions except that participants encourage
To acceptance of the certain obligations, physical persons concerning movement -
Suppliers of service. From the countries-participants it is not required disclosings of the information,
Being confidential or in case it contradicts interests
Probably most important general exception in an existing context
Contains in the Application about financial services. In the Application it is directly told,
That despite any other conditions of the Agreement, the country-participant should not
To be limited in acceptance of the measures arising for the reasonable reasons, in
Case of necessity of protection of investors, creditors, holders of the policy or
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