Health Insurance and Health Services in ASEAN Framework Agreement on Services

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Health Insurance and Health Services in ASEAN Framework Agreement on Services"

Transcription

1 Health Insurance and Health Services in ASEAN Framework Agreement on Services by Tan Tai Hiong & Tri S. Djandam ASEAN Secretariat AsiaPacific Summit on Health Insurance and Managed Care Jakarta, 4 May 00

2 Presentation Outline ASEAN Framework Agreement on Services (AFAS) and Liberalization of Services Trade in ASEAN Healthcare Services Liberalization in ASEAN Health Insurance and Financial Services Liberalization under AFAS

3 ASEAN Framework Agreement on Services (AFAS) Liberalization of Services Trade in ASEAN

4 The Origin of AFAS ASEAN Framework Agreement on Services (AFAS) was signed by the ASEAN Economic Ministers during the 5 th ASEAN Summit held on 5 December 995 in Bangkok, Thailand. AFAS adopts the structure and approach of General Agreement on Trade in Services (GATS) of the World Trade Organization (WTO).

5 Why AFAS To complement the establishment of ASEAN Free Trade Area (AFTA) aiming to make the region a globally competitive manufacturing base. To strengthen ASEAN s services sector in an expanding global market for services. Services account for at least 0% of recorded world trade as well as the majority of domestic activities, and is expected to reach 50% of world trade by year 00.

6 The Objectives of AFAS To enhance cooperation in services amongst Member States in order to improve the efficiency and competitiveness, diversify production capacity, and supply and distribution of services of their service suppliers within and outside ASEAN. To eliminate substantially restrictions to trade in services amongst Member States. To liberalize trade in services by expanding the depth and scope of liberalization beyond those undertaken by Member States under the GATS with the aim to realizing a free trade area in services.

7 GATS Plus Liberalisation in services is achieved through negotiations among Member States to arrive at GATSplus commitments. For WTO members, it means commitments that are better than GATS or the offer of new service sectors not covered under GATS. For nonwto Members, it must be commitments that are no less favorable than the existing service regime.

8 Coordinating Committee on Services Negotiations in services trade are being conducted through the Coordinating Committee on Services (CCS). The CCS was established in January 996 and has seven negotiating groups under its purview corresponding to the seven priority sectors: air transport, business services, construction, financial services, maritime services, telecommunication, and tourism.

9 Negotiations under the CCS An important preliminary step in the negotiation process is the exchange of information about services regime among Member States. Member States are expected to request market access and national market commitments from other Members. Member States are expected to make offers of market access and national treatment to other Members. Such offers are applicable to all Members (Most Favored Nation Treatment).

10 Modes of Services Supply Mode : CrossBorder Supply The service crosses border, independent of the supplier or the consumer Mode : Consumption Abroad The consumer or his/her property crosses border Mode 3: Commercial Presence Service supplier is a locally established office Mode 4: Movement of Natural Person Service supplier remains as a nonresident

11 Limitations in Services Trade Market Access National Treatment Number of Supplier Value of Transaction Number of Operations Number of Natural Persons Type of Legal Entity Participation of Foreign Capital Other Measures Tax Measures Nationality Requirement Residency Requirement Licensing, Standards and Qualifications Registration Requirement Authorization Requirement Ownership of Property of Property/Land Other Measures

12 Liberalization Commitments No Schedule of Commitments With Schedule of Commitments Unbound Limitations None

13 Progress of AFAS To date, ASEAN Economic Ministers (AEM) have signed three Packages of Commitments in two rounds of negotiations: Round ( ) st Package, signed on 5 December 997 nd Package, signed on 6 December 998 Round ( ) 3 rd Package, signed by 3 December 00

14 SubSectors Tabled in st Package 8 4 Total 3 Viet Nam 5 Thailand Singapore Philippines 4 Myanmar Malaysia 3 Lao PDR 3 Indonesia Cambodia Brunei Tourism Telecom Maritime Finance Construction Business Air Transport Country

15 SubSectors Tabled in nd Package Total Viet Nam Thailand Singapore Philippines Myanmar Malaysia Lao PDR 9 Indonesia 3 Cambodia 6 Brunei Tourism Telecom Maritime Finance Construction Business Air Transport Country

16 SubSectors Tabled in 3 rd Package Total Viet Nam Thailand Singapore Philippines Myanmar Malaysia Lao PDR Indonesia Cambodia Brunei Tourism Telecom Maritime Finance Construction Business Air Transport Country

17 The Third Round of Negotiations Launched by ASEAN Economic Ministers (AEM) at their 33 rd Meeting held in Ha Noi, Viet Nam on 5 September 00 Begins in 00 and end in 004 Aims to cover all sectors and modes of supply

18 Mutual Recognition Arrangement During the 7 th Summit in Brunei Darussalam on 5 November 00, ASEAN Leaders mandated the start of negotiations on Mutual Recognition Arrangement (MRA) to facilitate the flow of professional services under AFAS. CCS is currently considering a probability to conclude a Framework Agreement for the MRA visàvis pursuing sectoral MRAs for different disciplines.

19 Parameters to Guide Liberalization The 3 nd AEM held in Chiang Mai, Thailand on 5 October 000 adopted parameters to guide longterm liberalization in trade in services. Key objective is to achieve free flow of services by 00 as envisaged by ASEAN Leaders Flexibility could be accorded Milestones should be set Peer Review should be established All commitments are legally binding

20 Healthcare Services Liberalization in ASEAN

21 Commitment in Healthcare Services ASEAN Member States have not scheduled any commitments on healthcare services under AFAS However, 3 ASEAN Member States (Brunei, Malaysia, Singapore) have scheduled commitments in healthcare services under the GATS

22 Commitments in Healthcare Services Country Brunei Darussalam Medical and dental services () None () None (3) None Market Access () None () None (3) None National Treatment Malaysia Medical speciality services (4) Unbound except as indicated under horizontal measures () None () None (3) Medical speciality services may be supplied only by a natural person (4) Unbound except as indicated in the horizontal section (4) Unbound except as indicated under horizontal measures () None () None (3) None (4) None other than: practice only in private hospitals of at least 00 beds; practice only at a specified location and a change of location requires approval; and the setting up of individual or joint group practices is not permitted

23 Commitments in Healthcare Services Country Malaysia () None Market Access () None National Treatment Private hospital services () None (3) Economic needs test; Only through a locally incorporated jointventure corporation with Malaysian individuals or Malaysiancontrolled corporations or both and aggregate foreign shareholding in the jointventure corporation shall not exceed 30 per cent; and The jointventure corporation shall operate a hospital with a minimum of 00 beds (4) Unbound except as indicated in the horizontal section () None (3) Establishment of feeder outpatient clinics is not permitted (4) Unbound except for the categories of natural persons referred to under market access

24 Commitments in Healthcare Services Country Singapore Medical services Dental Services Veterinary Services () Unbound due to lack of technical feasibility () None (3) None, other than the number of new foreign doctors registered each year may be limited depending on the total supply of doctors (4) Unbound except as indicated in the horizontal section () None () None (3) None (4) Unbound except as indicated in the horizontal section () None () None (3) None Market Access (4) Unbound except as indicated in the horizontal section National Treatment () None () None (3) None (4) Unbound () None () None (3) None (4) Unbound () None () None (3) None (4) Unbound

25 Health Insurance and Financial Services Liberalization under AFAS

26 Financial Services Liberalization On 8 June 999 AEM agreed to request other ASEAN ministerial body (including Finance Ministers) to take the lead in service liberalization in their respective sectors. Negotiations in financial services sector are being conducted through the Working Committee on ASEAN Financial Liberalization under AFAS (WC). The WC was established in 00.

27 Negotiations under the WC An important step of the negotiation is an exchange of information about financial services regime among Member States, including GATS commitments Member States are expected to make offers of market access and national treatment to other Members. Member States agree to schedule commitment in at least one common subsector for each round of negotiation.

28 Liberalization Packages The st liberalization package for financial services under AFAS was signed by ASEAN Economic Ministers on 6 December 998, concluding the round The nd liberalization package was signed by ASEAN Finance Ministers on 6 April 00, concluding the nd Round ( )

29 Health Insurance Services Classification Classification of health insurance services is based on 99 UN Statistical Office s Central Product Classification (CPC) Code. CPC Code Description Nonlife insurance services Accident and health insurance Marine, aviation and other transport insurance Freight insurance Fire and other property damage insurance Pecuniary loss insurance General liability insurance Other insurance services n.e.c

30 Insurance Services Commitments 7 ASEAN Member States (Brunei, Indonesia, Malaysia, Philippines, Singapore, Thailand, Viet Nam) scheduled their commitments on Nonlife insurance during the past two rounds of negotiations 6 ASEAN Member States (Brunei, Indonesia, Malaysia, Philippines, Singapore, Thailand) scheduled commitments in Nonlife insurance under the GATS

31 AFAS & GATS Commitments Country Brunei Direct insurance (nonlife) including disability income, accident and health insurance and contracts of fidelity bonds, performance body or similar contract of guarantee. (89) [GATS] Market Access () Unbound () Compulsory insurance of Motor Third Party Liability and Workmen s Compensation can be purchased only from insurance companies established in Brunei (3) Commercial presence is permitted only through insurance companies that are registered in Brunei (4) Unbound (see horizontal measures) ; Unbound (except at the level of managers, executives and specialists) Entry is limited to a three year period that may be extended for up to two additional years for a total term not to exceed five years. () None () None (3) None National Treatment (4) Unbound (see horizontal measures) ; Unbound (except as indicated in the market access column.) Cambodia

32 AFAS & GATS Commitments Country Indonesia NonLife Insurance Services (89) Market Access National Treatment General Conditions: All Market Access and National Treatment limitations specified in the Non Banking Financial Services Subsector will be eliminated by the year 00 subject to similar commitment by other Members; temporary entry will be granted to technical expert(s)/adviser(s) for no longer than 3 (three) months per person for any given year; only directors, managers, and expert(s)/adviser(s) can be assumed by expatriates with maximum stay of 3 (three) years and can be extended. () Unbound () Unbound [GATS] () Unbound except if: () Unbound [AFAS] (a) (b) (c) There is no insurance companies in Indonesia which could handle the insurance risks of the object in question There is no insurance company in Indonesia which want to carry out an insurance coverage of the object in question The owners of insurance objects in question are not Indonesian citizens or Indonesian legal entities

33 AFAS & GATS Commitments Country Indonesia NonLife Insurance Services (89) [GATS] [AFAS] Lao PDR Market Access (3) As specified in the Horizontal Measures and General Conditions ; Commercial Presence of the foreign service provider(s) may be in the form of joint venture and / or representative office. Joint venture : i) should be in the form of Limited Liability Enterprise, ii) not more than 49% of the capital share of the Limited Liability Enterprise may be owned by foreign partner(s). (4) Unbound except for director and technical advisor/expert National Treatment (3) As specified in the General Conditions (4) As specified in the Horizontal Measures; Expatriate Charges: subject to charges levied by National, Provincial and Municipal Governments; any expatriate must hold a valid working permit issued by the Ministry of Manpower; Any expatriate must meet immigration requirements and procedures to enter the territory of the Republic of Indonesia

34 AFAS & GATS Commitments Country Malaysia Direct Insurance Companies [AFAS] Market Access (), () Unbound except as otherwise specified in the schedule. (3) Branches of foreign insurance companies are required to be locally incorporated by 30 June 998 and foreign shareholding not exceeding 5% is permitted. Foreign shareholding not exceeding 5% is also permitted for the existing foreign shareholders of locally incorporated companies, provided aggregate foreign shareholding in such companies does not exceed 5%. New entry is limited to equity participation by foreign insurance companies and aggregate foreign shareholding but shall not exceed 30%. Unbound for new licenses. National Treatment (), () Unbound except as otherwise specified in the schedule. (3) None except as indicated in the financial sector horizontal section

35 AFAS & GATS Commitments Country Malaysia Direct Insurance Companies [AFAS] Acquisition by a foreign insurance company of an aggregate of more than 5 per cent shareholding must meet at least one of the following criteria: (a) (b) (c) (d) Market Access has the ability to facilitate trade and contribute to financial and economic development of Malaysia; The country of the foreign insurance company has significant trade and investment interests in Malaysia; The country of the foreign insurance company does not have a significant representation in the Malaysian insurance industry; or The foreign insurance company has the ability to provide technical expertise and knowhow to contribute to the financial and economic development of Malaysia. National Treatment

36 AFAS & GATS Commitments Country Malaysia Direct Insurance Companies [AFAS] Market Access An insurance company is not allowed to acquire more than 5% share: (a) In another insurance company in Malaysia that carries on the same class of insurance business as that carried on by it; or (b) In an insurance broking company. (4) Unbound except the following: (a) Unless otherwise specified, temporary presence of natural persons is offered only in respect of supply through the mode of commercial presence. (b) two () senior managers for branches of foreign insurance companies and locally incorporated insurance companies with an aggregate foreign shareholding of 50% or more. (c) five (5) specialists are to be allowed for each institution for areas relating to: underwriting of specialized classes of general business; information technology; and actuarial functions. (d) Entry shall be limited to a maximum period of five years. National Treatment (4) Unbound except for the categories of natural persons referred to under market access.

37 AFAS & GATS Commitments Country Myanmar Philippines General Nonlife [AFAS] Market Access () Except for marine hull and marine cargo insurance, risks located in the Philippines shall be insured with the companies authorized to transact business in the Philippines () Same as () above (3) Market access is limited to: (a) Acquisition of up to sixty percent (60%) of the voting stock of an existing domestic insurance company. (b) Investing in up to sixty percent (60%) of the voting stock of a new locally incorporated insurance company. Participation of nonfilipino citizens in the Board of Directors of a locally incorporated insurance company is limited to onethird of the Board's total membership. (4) Unbound, see the horizontal section. () Unbound () Unbound (3) None (4) Unbound National Treatment

38 AFAS & GATS Commitments Country Singapore Direct insurance (nonlife) including disability income, accident and health insurance and contracts of fidelity bonds, performance body or similar contract of guarantee. [AFAS] Market Access () Unbound () None except for compulsory insurance of Motor Third Party Liability and Workmen s Compensation which can be purchased only from licensed insurance companies in Singapore (3) Foreign parties can only acquire equity stakes of up to 49% in aggregate in locally owned insurance companies Unbound for issuance of new insurance licenses and establishment of new representative offices. (4) Unbound except as indicated in the horizontal section. () Unbound () None (3) None National Treatment (4) Unbound except as indicated in the horizontal section

39 AFAS & GATS Commitments Country Thailand Nonlife Insurance (89) [GATS] Market Access () Unbound except for international marine, aviation and transit and all classes of reinsurance () None (3) Foreign equity participation limited to 5 per cent of registered share capital. New establishment is subject to license approved by the Minister with the consent of the cabinet. (4) Only senior managerial personnel, specialist and technical assistants with the approval of the Insurance Commissioner. () Unbound () None (3) None (4) None National Treatment

40 AFAS & GATS Commitments Country Viet Nam Nonlife Insurance (89) [AFAS] Market Access () Unbound except marine cargo insurance () Unbound (3) By the year 000, maximum of [] joint ventures and 00% foreign owned in nonlife insurance to be established. Foreign invested of nonlife insurance companies are allowed to provide insurance and insurancerelated services only to the foreign invested area. After 5 years from the first year of earning profit, 00% of foreign owned companies in nonlife insurance have to divest at least 30% of their share equity to domestic ones. Minimum legal capital of an insurance joint venture is million USD and that of 00% foreign owned company is 5 million USD (4) Unbound () Unbound () Unbound (3) Unbound (4) Unbound National Treatment

41 Epilogue

42 Benefits of Liberalization More foreign investment in healthcare and health insurance services sectors Promotes efficiency in the domestic healthcare and health insurance services provision New products and know how are made available throughout ASEAN Member States Facilitate greater demand on healthcare and health insurance services

43 Future Direction of Liberalization Liberalization under AFAS will continue through subsequent rounds of negotiations Developments in ASEAN will be closely related to the developments under GATS Developments in health insurance services will have linkage to the developments of healthcare services Liberalization will go handinhand with capacity building initiatives

44 Resources on the Web economic cooperation Finance section: financial services commitments (incl. health insurance) of ASEAN countries Services section: AFAS and commitments of nonfinance services of ASEAN countries serv_commitments_e.htm List of schedules of commitments of all WTO members under the GATS

THAILAND SCHEDULE OF SPECIFIC COMMITMENTS FOR FINANCIAL SERVICES UNDER AFAS

THAILAND SCHEDULE OF SPECIFIC COMMITMENTS FOR FINANCIAL SERVICES UNDER AFAS A. Insurance including reinsurance and retrocession Life insurance services (CPC 81211) Non-life insurance services (CPC 8129) 3) a) Foreign equity participation limited to 25 per cent of registered share

More information

ASEAN-CHINA AGREEMENT ON TRADE IN SERVICES LAO PDR. Schedule of Specific Commitments. (For the First Package of Commitments)

ASEAN-CHINA AGREEMENT ON TRADE IN SERVICES LAO PDR. Schedule of Specific Commitments. (For the First Package of Commitments) ASEAN-CHINA AGREEMENT ON TRADE IN SERVICES ANNEX 1/SC1 LAO PDR Schedule of Specific Commitments (For the First Package of Commitments) 1 LAO PDR - SCHEDULE OF SPECIFIC COMMITMENTS Modes of supply: 1) Cross-border

More information

Agreement Establishing the ASEAN Australia-New Zealand Free Trade Area INDONESIA S SCHEDULE OF MOVEMENT OF NATURAL PERSONS COMMITMENTS

Agreement Establishing the ASEAN Australia-New Zealand Free Trade Area INDONESIA S SCHEDULE OF MOVEMENT OF NATURAL PERSONS COMMITMENTS Agreement Establishing the ASEAN Australia-New Zealand Free Trade Area INDONESIA S SCHEDULE OF MOVEMENT OF NATURAL PERSONS COMMITMENTS AANZFTA Annex 4 (Indonesia) 1. Indonesia s commitments under Chapter

More information

ASEAN INTEGRATION IN SERVICES

ASEAN INTEGRATION IN SERVICES ASEAN INTEGRATION IN SERVICES ASSOCIATION OF SOUTHEAST ASIAN NATIONS The Association of Southeast Asian Nations (ASEAN) was established on 8 August 1967. The Member States of the Association are Brunei

More information

ASEAN-CHINA AGREEMENT ON TRADE IN SERVICES MYANMAR. Schedule of Specific Commitments. (For the First Package of Commitments)

ASEAN-CHINA AGREEMENT ON TRADE IN SERVICES MYANMAR. Schedule of Specific Commitments. (For the First Package of Commitments) ASEAN-CHINA AGREEMENT ON TRADE IN SERVICES ANNEX 1/SC1 MYANMAR Schedule of Specific Commitments (For the First Package of Commitments) 1 MYANMAR - SCHEDULE OF SPECIFIC COMMITMENTS Modes of Supply: 1) Cross-border

More information

ASEAN economic community Opportunities and challenges for insurers. John Goulios, Partner/Co-Head Insurance Sector Leader Asia Pacific, DLA Piper

ASEAN economic community Opportunities and challenges for insurers. John Goulios, Partner/Co-Head Insurance Sector Leader Asia Pacific, DLA Piper ASEAN economic community Opportunities and challenges for insurers John Goulios, Partner/Co-Head Insurance Sector Leader Asia Pacific, DLA Piper What is the Asean Economic Community (AEC)? 10 member states:

More information

ASEAN Member States Policy for Temporary Licensing and Registration

ASEAN Member States Policy for Temporary Licensing and Registration ASEAN Member States Policy for Temporary Licensing and Registration The provisions for temporary licensing or temporary registration have been in existence for many years. There are differences in the

More information

ANALYSIS OF GATS SECTORAL COMMITMENTS OF WTO MEMBER STATES UNDERTAKEN IN THE URUGUAY ROUND INTRODUCTION ON HOW TO READ SPECIFIC COMMITMENTS BY SECTOR

ANALYSIS OF GATS SECTORAL COMMITMENTS OF WTO MEMBER STATES UNDERTAKEN IN THE URUGUAY ROUND INTRODUCTION ON HOW TO READ SPECIFIC COMMITMENTS BY SECTOR ANALYSIS OF GATS SECTORAL COMMITMENTS OF WTO MEMBER STATES UNDERTAKEN IN THE URUGUAY ROUND INTRODUCTION ON HOW TO READ SPECIFIC COMMITMENTS BY SECTOR 1.0 INTRODUCTION This memo outlines a basic approach

More information

WTO AGREEMENTS GENERAL AGREEMENT ON TRADE IN SERVICES (GATS)

WTO AGREEMENTS GENERAL AGREEMENT ON TRADE IN SERVICES (GATS) WTO AGREEMENTS GENERAL AGREEMENT ON TRADE IN SERVICES (GATS) Alison Burrows Director, Services Trade and Negotiations Section Department of Foreign Affairs and Trade Canberra, Australia What is a service?

More information

A COMPARATIVE ANALYSIS OF GMS-CBTA AND ASEAN AGREEMENTS ON TRANSPORT FACILITATION

A COMPARATIVE ANALYSIS OF GMS-CBTA AND ASEAN AGREEMENTS ON TRANSPORT FACILITATION A COMPARATIVE ANALYSIS OF GMS-CBTA AND ASEAN AGREEMENTS ON TRANSPORT FACILITATION Nguyen Van Thach International Cooperation Department Ministry of Transport of Vietnam nvthach@mt.gov.vn Bangkok, Phuket,

More information

MODEL SCHEDULE OF WTO COMMITMENTS FOR INVESTMENT BANKING, TRADING, AND ASSET MANAGEMENT Explanatory Memorandum

MODEL SCHEDULE OF WTO COMMITMENTS FOR INVESTMENT BANKING, TRADING, AND ASSET MANAGEMENT Explanatory Memorandum March 8, 2005 MODEL SCHEDULE OF WTO COMMITMENTS FOR INVESTMENT BANKING, TRADING, AND ASSET MANAGEMENT Explanatory Memorandum I. INTRODUCTION Internationally active securities companies are working together

More information

The EU-Korea Free Trade Agreement

The EU-Korea Free Trade Agreement The EU- Free Trade Agreement Services Structure of the presentation 1. Main principles of the Services Chapter 2. Introduction to the Modes of Supply 3. Introduction to the n list of commitments 4. A closer

More information

Social protection for migrant workers: ILO s approach and ASEAN perspective

Social protection for migrant workers: ILO s approach and ASEAN perspective Social protection for migrant workers: ILO s approach and ASEAN perspective Loveleen De, ILO Presented at the Asian Conference on Globalization and Labor Administration: Cross-Border Labor Mobility, Social

More information

GATS/SC/98/Suppl.2 26 February 1998 ECUADOR. Schedule of Specific Commitments. Supplement 2. (This Schedule is authentic in Spanish only)

GATS/SC/98/Suppl.2 26 February 1998 ECUADOR. Schedule of Specific Commitments. Supplement 2. (This Schedule is authentic in Spanish only) WORLD TRADE GATS/SC/98/Suppl.2 26 February 1998 ORGANIZATION (98-0636) Trade in Services ECUADOR Schedule of Specific Commitments Supplement 2 (This Schedule is authentic in Spanish only) This text replaces

More information

THE GENERAL AGREEMENT ON TRADE IN SERVICES (GATS)

THE GENERAL AGREEMENT ON TRADE IN SERVICES (GATS) THE GENERAL AGREEMENT ON TRADE IN SERVICES (GATS) Application to Health and Social Services Trade in Services Division WTO 1 Structure of the WTO Goods Services Int. property Dispute settlement Basic principles

More information

Negotiation of a Free Trade Agreement between Hong Kong and the Association of Southeast Asian Nations. Consultation Document

Negotiation of a Free Trade Agreement between Hong Kong and the Association of Southeast Asian Nations. Consultation Document Negotiation of a Free Trade Agreement between Hong Kong and the Association of Southeast Asian Nations Consultation Document INTRODUCTION The Government of the Hong Kong Special Administrative Region will

More information

MALAYSIA: INVESTMENT IN THE SERVICES SECTOR MARKET RESEARCH SERVICES

MALAYSIA: INVESTMENT IN THE SERVICES SECTOR MARKET RESEARCH SERVICES MALAYSIA: INVESTMENT IN THE SERVICES SECTOR MARKET RESEARCH SERVICES Market Research Services 1 Introduction This booklet is one of a series of 20 booklets prepared by MIDA for the purpose of providing

More information

THE GENERAL AGREEMENT ON TRADE IN SERVICES (GATS)

THE GENERAL AGREEMENT ON TRADE IN SERVICES (GATS) THE GENERAL AGREEMENT ON TRADE IN SERVICES (GATS) POLICIES AND TOOLS FOR HIGHER EDUCATION Oslo, 26-27 May 2003 1 GATS: Structure Framework Agreement Annexes covering certain sector- or policyrelated issues

More information

MALAYSIA SCHEDULE OF SPECIFIC COMMITMENTS

MALAYSIA SCHEDULE OF SPECIFIC COMMITMENTS AIR TRANSPORT Aircraft Repair and Maintenance Services 4. Unbound 4. Unbound BUSINESS SERVICES Architectural Services (CPC 8671) 3. Architectural services may be supplied only by natural person 4. Two

More information

The ASEAN Comprehensive on Investment Agreement (ACIA): possible lesson learned

The ASEAN Comprehensive on Investment Agreement (ACIA): possible lesson learned The ASEAN Comprehensive on Investment Agreement (ACIA): possible lesson learned MENA-OECD Conferences: WG-1 on Investment Policies and Promotion, 15-16 December 2010, Paris, France Rizar Indomo Nazaroedin

More information

Roadmap of the Veterinary Profession to MRA

Roadmap of the Veterinary Profession to MRA Roadmap of the Veterinary Profession to MRA MA. ELIZABETH D. CALLANTA, DVM, MSc Chairperson, Professional Regulatory Board of Vet Med Professional Regulation Commission PHILIPPINES Outline of Presentation

More information

MALAYSIA: INVESTMENT IN THE SERVICES SECTOR ACCOUNTING, AUDITING AND TAXATION SERVICES

MALAYSIA: INVESTMENT IN THE SERVICES SECTOR ACCOUNTING, AUDITING AND TAXATION SERVICES MALAYSIA: INVESTMENT IN THE SERVICES SECTOR ACCOUNTING, AUDITING AND TAXATION SERVICES Accounting, Auditing and Taxation Services 1 Introduction This booklet is one of a series of 20 booklets prepared

More information

GENERAL AGREEMENT ON TRADE IN SERVICES (94-1070) GATS/SC/73 15 April 1994 SAINT LUCIA. Schedule of Specific Commitments

GENERAL AGREEMENT ON TRADE IN SERVICES (94-1070) GATS/SC/73 15 April 1994 SAINT LUCIA. Schedule of Specific Commitments GENERAL AGREEMENT ON TRADE IN SERVICES (94-1070) 15 April 1994 SAINT LUCIA Schedule of Specific Commitments (This is authentic in English only) SAINT LUCIA - SCHEDULE OF SPECIFIC COMMITMENTS Modes of

More information

ANNEX III FINANCIAL SERVICES (NON-CONFORMING MEASURES) SECTION A SINGAPORE

ANNEX III FINANCIAL SERVICES (NON-CONFORMING MEASURES) SECTION A SINGAPORE ANNEX III FINANCIAL SERVICES (NON-CONFORMING MEASURES) SECTION A SINGAPORE Section A Banking Sector Banking CPC 811 Financial Intermediation Services, except insurance and pension fund services Measure

More information

Indonesia Individual Income Tax Guide

Indonesia Individual Income Tax Guide Indonesia Individual Income Tax Guide Indonesia Individual Income Tax Guide 1 2 Contents Residency Rules 4 Tax Obligations 5 Worldwide Income 7 Individual Tax Rates 9 Personal Deductions 10 Tax Credits

More information

The first round of TPP negotiations was held in Melbourne in March 2010.

The first round of TPP negotiations was held in Melbourne in March 2010. AN INTRODUCTION History The Trans-Pacific Partnership (TPP) builds from the Trans-Pacific Strategic Economic Partnership Agreement (P4) between Brunei, Chile, New Zealand and Singapore which entered into

More information

APPENDIX 3 TO ANNEX VIII LIECHTENSTEIN SCHEDULE OF SPECIFIC COMMITMENTS

APPENDIX 3 TO ANNEX VIII LIECHTENSTEIN SCHEDULE OF SPECIFIC COMMITMENTS APPENDIX 3 TO ANNEX VIII LIECHTENSTEIN SCHEDULE OF SPECIFIC COMMITMENTS I. HORIZONTAL COMMITMENTS 1 ALL SECTORS INCLUDED IN THIS SCHEDULE The level of commitments in a particular sector shall not be construed

More information

Agreement Establishing the ASEAN-Australia-New Zealand Free Trade Area THAILAND S SCHEDULE OF SPECIFIC SERVICES COMMITMENTS

Agreement Establishing the ASEAN-Australia-New Zealand Free Trade Area THAILAND S SCHEDULE OF SPECIFIC SERVICES COMMITMENTS Agreement Establishing the ASEAN-Australia-New Zealand Free Trade Area THAILAND S SCHEDULE OF SPECIFIC SERVICES COMMITMENTS AANZFTA Annex 3 (Thailand) I. HORIZONTAL COMMITMENTS ALL SECTORS INCLUDED IN

More information

Cambodia Tax Profile. kpmg.com.kh

Cambodia Tax Profile. kpmg.com.kh Cambodia Tax Profile kpmg.com.kh Content 1 2 Tax Profile Income Tax Treaties for the Avoidance of Double Taxation 6 Indirect Tax (e.g. VAT/GST) 7 8 Personal Taxation Other Taxes 9 11 Free Trade Agreements

More information

(iv) Services auxiliary to insurance, such as consultancy, actuarial, risk assessment and claim settlement services.

(iv) Services auxiliary to insurance, such as consultancy, actuarial, risk assessment and claim settlement services. Note to the reader The enclosed document contains a proposal by the European Union in the context of the "Trade in Services Agreement TiSA" negotiations. This document was distributed in July 2013. This

More information

Regionalism in Services

Regionalism in Services Policy Research Working Paper 7498 WPS7498 Regionalism in Services A Study of ASEAN Batshur Gootiiz Aaditya Mattoo Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized

More information

Trade in Services and China s Accession Negotiation. Department of WTO Affairs, MOFCOM

Trade in Services and China s Accession Negotiation. Department of WTO Affairs, MOFCOM Trade in Services and China s Accession Negotiation Department of WTO Affairs, MOFCOM Part I Negotiation Process Differences between goods and services Existence of 4 modes of supply Intangibility of services

More information

to collectively as "the Participating Parties" or individually as "each Participating Party" or "the Participating Party"),

to collectively as the Participating Parties or individually as each Participating Party or the Participating Party), fr ASEAN MEMORANDUM OF UNDERSTANDING ON COOPERATION RELATING TO AIRCRAFT ACCIDENT AND INCIDENT INVESTIGATION The authorities responsible for the investigation of aircraft accident and incident investigations

More information

REINSURANCE IN THAILAND by Potjanee Thanavaranit Deputy Director-General, Department of Insurance Ministry of Commerce, Thailand

REINSURANCE IN THAILAND by Potjanee Thanavaranit Deputy Director-General, Department of Insurance Ministry of Commerce, Thailand REINSURANCE IN THAILAND by Potjanee Thanavaranit Deputy Director-General, Department of Insurance Ministry of Commerce, Thailand I. Structure of the insurance industry A. Number of companies Since 1982,

More information

CREDIT POINT SYSTEM OF EXAMINATION REVISED CREDIT POINT SYSTEM (CPS) HAS BEEN INTRODUCED FROM JANUARY-2016 ONWARDS.

CREDIT POINT SYSTEM OF EXAMINATION REVISED CREDIT POINT SYSTEM (CPS) HAS BEEN INTRODUCED FROM JANUARY-2016 ONWARDS. CREDIT POINT SYSTEM OF EXAMINATION REVISED CREDIT POINT SYSTEM (CPS) HAS BEEN INTRODUCED FROM JANUARY-2016 ONWARDS. 1. Each subject of study is assigned credit points as given in Annexure. The credit points

More information

Insurance sector consolidated report profit and loss statement (2008-2009)

Insurance sector consolidated report profit and loss statement (2008-2009) 21. INSURANCE AND REINSURANCE The Ministry of Economy and Trade is the source of insurance statistics which deal with insurance companies, with the sector consolidated progress, balance sheet and profit

More information

CHAPTER 11 TRADE IN SERVICES. Article 11.1. Definitions

CHAPTER 11 TRADE IN SERVICES. Article 11.1. Definitions CHAPTER 11 TRADE IN SERVICES For the purposes of this Chapter: Article 11.1 Definitions a service supplied in the exercise of governmental authority means any service which is supplied neither on a commercial

More information

Thai General Insurance Association (TGIA)

Thai General Insurance Association (TGIA) Thai General Insurance Association (TGIA) Study on the impact of ASEAN Market Liberalisation on the Non- Life Insurances in Thailand 27 March 2015 Agenda 1. AEC 2015: The Journey to a Single Insurance

More information

ANALYSIS OF ACTUAL LIBERALISATION VERSUS

ANALYSIS OF ACTUAL LIBERALISATION VERSUS Original: English ANALYSIS OF ACTUAL LIBERALISATION VERSUS QUAD MEMBERS GATS COMMITMENTS AND OFFERS: FOCUS ON A) MODE 1 AND B) TOURISM AND TRAVEL RELATED SERVICES TABLE OF CONTENTS I. INTRODUCTION... 1

More information

TERMS OF REFERENCE OF THE ASEAN CHILDREN S FORUM (ACF)

TERMS OF REFERENCE OF THE ASEAN CHILDREN S FORUM (ACF) TERMS OF REFERENCE OF THE ASEAN CHILDREN S FORUM (ACF) One Vision One Identity One Community TERMS OF REFERENCE OF THE ASEAN CHILDREN S FORUM (ACF) The Association of Southeast Asian Nations (ASEAN) was

More information

Current Commitments under the GATS in Educational Services

Current Commitments under the GATS in Educational Services BACKGROUND DOCUMENT Current Commitments under the GATS in Educational Services Prepared for the OECD/US Forum on Trade in Educational Services Washington, DC, U.S.A. 23 24 May 2002 OECD/CERI Summary 1.

More information

Emergence of India as a Services Hub

Emergence of India as a Services Hub Emergence of India as a Services Hub SERVICES - STATISTICS World trade in commercial Services in 2006 - $2710 billion (roughly 1/4 th of merchandise trade). India s Services Exports in 2006 - $73 billion

More information

Thailand and ASEAN. 1. ASEAN: Forty Five Years of Achievements

Thailand and ASEAN. 1. ASEAN: Forty Five Years of Achievements Thailand and ASEAN 1. ASEAN: Forty Five Years of Achievements Since its inception in 1967, the Association of Southeast Asian Nations (ASEAN) has made a number of achievements towards regional peace, stability,

More information

ASEAN s Cooperation on Cybersecurity and against Cybercrime

ASEAN s Cooperation on Cybersecurity and against Cybercrime ASEAN s Cooperation on Cybersecurity and against Cybercrime Presentation by the ASEAN Secretariat Octopus Conference: Cooperation Against Cybercrime 4 December 2013, Strasbourg, France Outline ASEAN Mechanisms

More information

Compendium of Temporary Admission Practices of ASEAN Member States

Compendium of Temporary Admission Practices of ASEAN Member States Compendium of Temporary Admission Practices of ASEAN Member States Strategic Plan of Customs Development on Temporary Admission 1 Contents ASEAN Customs Procedures and Trade Facilitation Working Group

More information

The ASEAN Approach to Regional Environmental. Management

The ASEAN Approach to Regional Environmental. Management The ASEAN Approach to Regional Environmental Management By Apichai Sunchindah Assistant Director, Environment ASEAN Secretariat INTRODUCTION The Association of Southeast Asian Nations (ASEAN) was established

More information

Social Protection in ASEAN Policy gaps and common challenges. Cheng Boon Ong 17 November 2014, Bangkok

Social Protection in ASEAN Policy gaps and common challenges. Cheng Boon Ong 17 November 2014, Bangkok Social Protection in ASEAN Policy gaps and common challenges Cheng Boon Ong 17 November 2014, Bangkok Methodology ABND for 7 Member States: Vietnam 2010-2011 Cambodia 2011-2012 Indonesia 2011-2012 Thailand

More information

CHAPTER 11 FINANCIAL SERVICES

CHAPTER 11 FINANCIAL SERVICES CHAPTER 11 FINANCIAL SERVICES Article 11.1: Definitions For the purposes of this Chapter: cross-border financial service supplier of a Party means a person of a Party that is engaged in the business of

More information

Southeast Asia Development: A Japanese Perspective

Southeast Asia Development: A Japanese Perspective Southeast Asia Development: A Japanese Perspective Masahiro Kawai Graduate School of Public Policy University of Tokyo Past is Prologue for Southeast Asia Development: Japan and U.S. Perspectives Carnegie

More information

Vietnam s Insurance Market: An Overview January 2014

Vietnam s Insurance Market: An Overview January 2014 Legal Update Insurance Vietnam 29 January 2014 Vietnam s Insurance Market: An Overview January 2014 1. Introduction Vietnam started liberalising its insurance market by allowing foreign insurers to participate

More information

Future job market prospects and requirements for skilled human resources in the context of ASEAN integration

Future job market prospects and requirements for skilled human resources in the context of ASEAN integration Future job market prospects and requirements for skilled human resources in the context of ASEAN integration Tokyo, Japan 13 December 214 Yoshiteru Uramoto Regional Director and Assistant Director-General

More information

GUIDELINES FOR THE ESTABLISHMENT OF FOREIGN FUND MANAGEMENT COMPANIES

GUIDELINES FOR THE ESTABLISHMENT OF FOREIGN FUND MANAGEMENT COMPANIES GUIDELINES FOR THE ESTABLISHMENT OF FOREIGN FUND MANAGEMENT COMPANIES Revised 1 July 2000 Introduction Under the Securities Commission Act 1993, one of the functions of the Securities Commission (SC) is

More information

Working Paper Prospects for Services Trade Negotiations

Working Paper Prospects for Services Trade Negotiations econstor www.econstor.eu Der Open-Access-Publikationsserver der ZBW Leibniz-Informationszentrum Wirtschaft The Open Access Publication Server of the ZBW Leibniz Information Centre for Economics Schott,

More information

UNITED NATIONS Economic and Social Commission for Asia and the Pacific 53 member States 9 associate members

UNITED NATIONS Economic and Social Commission for Asia and the Pacific 53 member States 9 associate members UNITED NATIONS Economic and Social Commission for Asia and the Pacific 53 member States 9 associate members South and South-West Asia Afghanistan Bangladesh Bhutan India Iran Maldives Nepal Pakistan Sri

More information

1. This Chapter applies to measures adopted or maintained by a Party relating to:

1. This Chapter applies to measures adopted or maintained by a Party relating to: CHAPTER ELEVEN FINANCIAL SERVICES ARTICLE 11.1: SCOPE AND COVERAGE 1. This Chapter applies to measures adopted or maintained by a Party relating to: financial institutions of the other Party; and cross-border

More information

CHAPTER ELEVEN FINANCIAL SERVICES. 1. This Chapter applies to measures adopted or maintained by a Party relating to:

CHAPTER ELEVEN FINANCIAL SERVICES. 1. This Chapter applies to measures adopted or maintained by a Party relating to: CHAPTER ELEVEN FINANCIAL SERVICES ARTICLE 11.1: SCOPE AND COVERAGE 1. This Chapter applies to measures adopted or maintained by a Party relating to: financial institutions of the other Party; and cross-border

More information

ASEAN Capital Market Integration and Lessons from the European Union

ASEAN Capital Market Integration and Lessons from the European Union ASEAN Capital Market Integration and Lessons from the European Union 44 th IAFEI World Congress: Global Recovery Amidst Reforms Makati Shangri-la 16 October 2014 Thiam Hee Ng, Senior Economist Asian Development

More information

AGEING PROFILE AND POLICIES IN ASEAN

AGEING PROFILE AND POLICIES IN ASEAN AGEING PROFILE AND POLICIES IN ASEAN Makmur Sunusi, Ph.D Expert panelist on behalf of ASEAN 1 Outline Ageing in the South East Asia Region Social changes & change of family structure: decline of family

More information

Note verbale dated 30 December 2004 from the Permanent Mission of Brunei Darussalam to the United Nations addressed to the Chairman of the Committee

Note verbale dated 30 December 2004 from the Permanent Mission of Brunei Darussalam to the United Nations addressed to the Chairman of the Committee United Nations Security Council Distr.: General 6 January 2005 S/AC.44/2004/(02)/96 Original: English Security Council Committee established pursuant to resolution 1540 (2004) Note verbale dated 30 December

More information

MALAYSIA: INVESTMENT IN THE SERVICES SECTOR ACCOUNTING, AUDITING AND TAXATION SERVICES

MALAYSIA: INVESTMENT IN THE SERVICES SECTOR ACCOUNTING, AUDITING AND TAXATION SERVICES MALAYSIA: INVESTMENT IN THE SERVICES SECTOR ACCOUNTING, AUDITING AND TAXATION SERVICES Introduction This booklet is one of a series of 21 booklets prepared by MIDA for the purpose of providing investors

More information

Provisions re Professional Services in Cariforum-EC EPA

Provisions re Professional Services in Cariforum-EC EPA Provisions re Professional Services in Cariforum-EC EPA Ramesh Chaitoo Head, Services Trade Unit CRNM - www.crnm.org rchaitoo@crnm.org rnmsts@yahoo.ca Structure of Title II - Investment, Trade in Services

More information

AWG Insurance Brokers Pte Ltd. All Your. Insurance. Needs. Workmen Compensation. Motor Insurance. Business. Insurance. Personal. Insurance.

AWG Insurance Brokers Pte Ltd. All Your. Insurance. Needs. Workmen Compensation. Motor Insurance. Business. Insurance. Personal. Insurance. All Your Insurance Needs Workmen Compensation Motor Insurance Business Insurance Personal Insurance Maid Insurance AWG Insurance Brokers Pte Ltd A bout Us AWG Insurance Brokers Pte Ltd was established

More information

APPLICATION FOR AUTHORISATION AS REINSURER

APPLICATION FOR AUTHORISATION AS REINSURER THE MONETARY AUTHORITY OF SINGAPORE APPLICATION FOR AUTHORISATION AS REINSURER This Application Form shall be used for any type of authorization in respect of reinsurance business (life reinsurance, general

More information

6/6/2015 OBJECTIVES. To have a single market and production base characterized by: Free flow of goods. Free flow of. professional services.

6/6/2015 OBJECTIVES. To have a single market and production base characterized by: Free flow of goods. Free flow of. professional services. 1997 ASEAN Summit in Kuala Lumpur, Malaysia - ASEAN vision 2020 - Decision made to transform ASEAN into a highly competitive Region with equitable economic development and reduced poverty and socio-economic

More information

SUPPORTING APEC SME SERVICE EXPORTERS A HANDBOOK OF BEST PRACTICES

SUPPORTING APEC SME SERVICE EXPORTERS A HANDBOOK OF BEST PRACTICES SUPPORTING APEC SME SERVICE EXPORTERS A HANDBOOK OF BEST PRACTICES APEC Small and Medium Enterprises Working Group An APEC Business Advisory Council (ABAC) Publication to support capacity building in the

More information

Policy recommendations to enhance nursing education and services among Asean member countries

Policy recommendations to enhance nursing education and services among Asean member countries International Journal of Advances in Medicine Koy V Int J Adv Med. 2015 Aug;2(3):324-329 http://www.ijmedicine.com pissn 2349-3925 eissn 2349-3933 Education Forum DOI: http://dx.doi.org/10.18203/2349-3933.ijam20150575

More information

Position Classification Flysheet for Insurance Examining Series, GS-1163. Table of Contents

Position Classification Flysheet for Insurance Examining Series, GS-1163. Table of Contents Position Classification Flysheet for Insurance Examining Series, GS-1163 Table of Contents SERIES DEFINITION... 2 EXCLUSIONS... 2 SPECIALIZATIONS AND TITLES... 3 EXPLANATORY STATEMENT... 4 GRADE LEVELS...

More information

Trade in Services Agreement (TiSA) Annex on Professional Services (February 2015)

Trade in Services Agreement (TiSA) Annex on Professional Services (February 2015) Trade in Services Agreement (TiSA) Annex on Professional Services (February 2015) WikiLeaks release: June 3, 2015 Keywords: TiSA, Trade in Services Agreement, WTO, GATS, G20, BCBS, IAIS, IOSCO, FATF, OECD,

More information

CHAPTER 1 INITIAL PROVISIONS AND GENERAL DEFINITIONS. Section A: Initial Provisions

CHAPTER 1 INITIAL PROVISIONS AND GENERAL DEFINITIONS. Section A: Initial Provisions CHAPTER 1 INITIAL PROVISIONS AND GENERAL DEFINITIONS Section A: Initial Provisions Article 1.1: Establishment of a Free Trade Area The Parties to this Agreement, consistent with Article XXIV of GATT 1994

More information

WORLD TRADE ORGANIZATION

WORLD TRADE ORGANIZATION WORLD TRADE ORGANIZATION Council for Trade in Services Special Session 29 September 2005 (05-4314) Original: English TURKEY Revised Conditional Offer on Services The following revised offer has been received

More information

Supplements and Amendments VII to the Mainland s Specific Commitments on Liberalization of Trade in Services for Hong Kong 1

Supplements and Amendments VII to the Mainland s Specific Commitments on Liberalization of Trade in Services for Hong Kong 1 Annex Supplements and Amendments VII to the Mainland s Commitments on Liberalization of Trade in Services for Hong Kong 1 Sectors or 1. Business services A. Professional services d. Architectural services

More information

Laos Tax Profile. Produced in conjunction with the KPMG Asia Pacific Tax Centre. Updated: June 2015

Laos Tax Profile. Produced in conjunction with the KPMG Asia Pacific Tax Centre. Updated: June 2015 Laos Tax Profile Produced in conjunction with the KPMG Asia Pacific Tax Centre Updated: June 2015 Contents 1 Corporate Income Tax 1 2 Income Tax Treaties for the Avoidance of Double Taxation 5 3 Indirect

More information

assured Marine Insurance Underwritten by Bao Viet Insurance Corporation

assured Marine Insurance Underwritten by Bao Viet Insurance Corporation assured Marine Insurance Underwritten by Bao Viet Insurance Corporation MARINE INSURANCE Marine Cargo and Goods in Transit Insurance Liability Hull Claims www.hsbc.com.vn 02 Why BaoViet s Marine Insurance?

More information

JOINT MEDIA STATEMENT

JOINT MEDIA STATEMENT The 15 th ASEAN Telecommunications and Information Technology Ministers Meeting and Related Meetings Da Nang, Viet Nam, 27 November 2015 JOINT MEDIA STATEMENT 1. The 15 th ASEAN Telecommunications and

More information

Japan-India Comprehensive Economic Partnership Agreement (CEPA)

Japan-India Comprehensive Economic Partnership Agreement (CEPA) Japan-India Comprehensive Economic Partnership Agreement (CEPA) Significance of Japan-India CEPA GDP of India s FTA/CEPA Partners (among the recently signed agreements) FTA/CEPA with the biggest GDP partner

More information

Introduction. Regional Economic Update and Policy Challenges

Introduction. Regional Economic Update and Policy Challenges Joint Statement of the 2 nd ASEAN Finance Ministers and Central Bank Governors Meeting (AFMGM), Vientiane, Lao PDR, 4 April 2016 Theme: Turning Vision into Reality for a Dynamic ASEAN Community Introduction

More information

MALAYSIA: INVESTMENT IN THE SERVICES SECTOR ENGINEERING & ENERGY CONSULTANCY SERVICES

MALAYSIA: INVESTMENT IN THE SERVICES SECTOR ENGINEERING & ENERGY CONSULTANCY SERVICES MALAYSIA: INVESTMENT IN THE SERVICES SECTOR ENGINEERING & ENERGY CONSULTANCY SERVICES Introduction This booklet is one of a series of 21 booklets prepared by MIDA for the purpose of providing investors

More information

Outline of presentation

Outline of presentation APEC-ASEAN Harmonization of Energy Efficiency Standards for Air Conditioners: Phase 1 APEC Energy Working Group The 42 nd meeting of EGEE&C Queen Sirikit National Convention Center, Bangkok 11 th November

More information

The ASEAN Federation of Accountants (AFA) training and development analysis

The ASEAN Federation of Accountants (AFA) training and development analysis The ASEAN Federation of Accountants (AFA) training and development analysis A RESEARCH PROJECT COMMISSIONED BY THE ASEAN FEDERATION OF ACCOUNTANTS (AFA) About ACCA ACCA (the Association of Chartered Certified

More information

Key Findings (preliminary): Asia Pacific Visitor Forecasts 2014-2018 Report

Key Findings (preliminary): Asia Pacific Visitor Forecasts 2014-2018 Report Key Findings (preliminary): Asia Pacific Visitor Forecasts 2014-2018 Report Please Note The findings presented here are preliminary and as delivered at the ASEAN Tourism Forum, January 2014. Final checks

More information

WTO NEGOTIATIONS ON TRADE IN SERVICES

WTO NEGOTIATIONS ON TRADE IN SERVICES WTO NEGOTIATIONS ON TRADE IN SERVICES (A BACKGROUNDER) Introduction TPD(Services) The creation of the GATS was one of the landmark achievements of the Uruguay Round, whose results entered into force in

More information

Insurance Supervision Department. The Saudi Insurance Market Survey Report

Insurance Supervision Department. The Saudi Insurance Market Survey Report Insurance Supervision Department The Saudi Insurance Market Survey Report Table of Contents Introduction...3 Overall Insurance Market Performance Gross Written Premiums Overall.. 5 Insurance Penetration

More information

REGISTERING A CAPTIVE INSURANCE COMPANY IN BRITISH COLUMBIA. The purpose of this bulletin is to provide captive insurance applicants with:

REGISTERING A CAPTIVE INSURANCE COMPANY IN BRITISH COLUMBIA. The purpose of this bulletin is to provide captive insurance applicants with: INFORMATION BULLETIN BULLETIN NUMBER: TITLE: LEGISLATION: INS-06-002 REGISTERING A CAPTIVE INSURANCE COMPANY IN BRITISH COLUMBIA INSURANCE (CAPTIVE COMPANY) ACT, INSURANCE (CAPTIVE COMPANY) ACT REGULATION,

More information

THE DECLARATION ON THE ELIMINATION OF VIOLENCE AGAINST WOMEN AND ELIMINATION OF VIOLENCE AGAINST CHILDREN IN ASEAN

THE DECLARATION ON THE ELIMINATION OF VIOLENCE AGAINST WOMEN AND ELIMINATION OF VIOLENCE AGAINST CHILDREN IN ASEAN THE DECLARATION ON THE ELIMINATION OF VIOLENCE AGAINST WOMEN AND ELIMINATION OF VIOLENCE AGAINST CHILDREN IN ASEAN WE, the Heads of State/Government of the Member States of the Association of Southeast

More information

REPORT COMPLIANCE EVALUATION

REPORT COMPLIANCE EVALUATION REPORT COMPLIANCE EVALUATION The European Council Directive 73/239 EEC on Coordination of Non Life Insurance Laws, Regulations and Administrative Provisions December 2007 This report is designed to evaluate

More information

VIETNAMESE INSURANCE MARKET

VIETNAMESE INSURANCE MARKET VIETNAMESE INSURANCE MARKET Tran Thanh Tu Deputy Director Insurance Research and Training Center Insurance Supervisory Authority of Vietnam 1 AGENDA Market Overview Market History Market Performance Supervisory

More information

World Cities Summit 2012

World Cities Summit 2012 Kingdom of Cambodia Nation Religion King Ministry of Land Management, Urban Planning and Construction World Cities Summit 2012 Cities and urban infrastructure development trends and prospects in Cambodia

More information

Professional Regulation Commission

Professional Regulation Commission Professional Regulation Commission AFA-PICPA Accountancy Conference 2015 ASEAN Integration: Rising to the Challenge ASEAN ECONOMIC COMMUNITY Single Market and Production Base Competitive Economic Region

More information

Challenges for Capital Market Development in Asia

Challenges for Capital Market Development in Asia Challenges for Capital Market Development in Asia Osaka, 30 October 2014 Masamichi Kono Vice Minister for International Affairs President, Asian Financial Partnership Center Financial Services Agency,

More information

Southeast Asia Investment Policy Perspectives

Southeast Asia Investment Policy Perspectives Southeast Asia Investment Policy Perspectives DECEMBER 2014 You can copy, download or print OECD content for your own use, and you can include excerpts from OECD publications, databases and multimedia

More information

General Inquiries: Tel: (03) 9653 2100 or (02) 6240 3200

General Inquiries: Tel: (03) 9653 2100 or (02) 6240 3200 5HVWULFWLRQVRQ7UDGH LQ(GXFDWLRQ6HUYLFHV 6RPH%DVLF,QGH[HV 6WDII :RUNLQJ3DSHU 'XF1JX\HQ+RQJ 5REHUW:HOOV 2FWREHU 7KHYLHZVH[SUHVVHGLQ WKLVSDSHUDUHWKRVHRI WKHVWDIILQYROYHGDQGGR QRWQHFHVVDULO\UHIOHFW WKRVHRIWKH3URGXFWLYLW\

More information

9.b. APEC Oil and Gas Security Exercises

9.b. APEC Oil and Gas Security Exercises The 47 th Meeting of APEC Energy Working Group (EWG) Kunming, China, 20-21 May 2014 9.b. APEC Oil and Gas Security Exercises Takato OJIMI President, APERC EWG47 8.b. APEC Oil & Gas Security Exercises 1/8

More information

Free Trade Agreements (FTAs) with Indonesia. Mike Lee FTA Unit, Trade Services & Policy Group 07 November 2013

Free Trade Agreements (FTAs) with Indonesia. Mike Lee FTA Unit, Trade Services & Policy Group 07 November 2013 Free Trade Agreements (FTAs) with Indonesia Mike Lee FTA Unit, Trade Services & Policy Group 07 November 2013 Topics 1. What is a Free Trade Agreement? 2. Singapore & ASEAN s FTA Network 3. Benefits of

More information

Current Regulatory Barriers Against Foreign Lawyers Practicing In Malaysia

Current Regulatory Barriers Against Foreign Lawyers Practicing In Malaysia Current Regulatory Barriers Against Foreign Lawyers Practicing In Malaysia To practice law in Malaysia, one has to be a qualified person. To be a qualified person, one must be called to the Bar by fulfilling

More information

Establishing a business

Establishing a business Establishing a business in Singapore legal guide Published November 2012 HERBERT SMITH FREEHILLS Establishing a business in Singapore 03 Introduction This guide provides an overview of common issues encountered

More information

REGULATORY BOTTLENECKS/BARRIERS TO TRADE IN INSURANCE SERVICES THE ZAMBIAN EXPERIENCE

REGULATORY BOTTLENECKS/BARRIERS TO TRADE IN INSURANCE SERVICES THE ZAMBIAN EXPERIENCE REGULATORY BOTTLENECKS/BARRIERS TO TRADE IN INSURANCE SERVICES THE ZAMBIAN EXPERIENCE OUTLINE OF THE PRESENTATION Introduction The Zambian Insurance Market Regulatory Bottleneck/Barriers to Trade in Insurance

More information

ASEAN Capital Markets Forum - Current and Post-2015 Initiatives

ASEAN Capital Markets Forum - Current and Post-2015 Initiatives Introduction ASEAN Capital Markets Forum - Current and Post-2015 Initiatives Given the disparate nature of capital markets in Southeast Asia, ranging from Singapore s status as a global financial center

More information

Kazushi Yamauchi MD, PhD, MPH. Office of International Cooperation, Division of International Affairs, Ministry of Health, Labour and Welfare, Japan

Kazushi Yamauchi MD, PhD, MPH. Office of International Cooperation, Division of International Affairs, Ministry of Health, Labour and Welfare, Japan Kazushi Yamauchi MD, PhD, MPH Office of International Cooperation, Division of International Affairs, Ministry of Health, Labour and Welfare, Japan 1 Contents 1. Ageing in the ASEAN plus 3 countries 2.

More information

INVESTMENT PROMOTION, STRATEGIES, POLICIES AND PRACTICES MALAYSIA S EXPERIENCE

INVESTMENT PROMOTION, STRATEGIES, POLICIES AND PRACTICES MALAYSIA S EXPERIENCE INVESTMENT PROMOTION, STRATEGIES, POLICIES AND PRACTICES MALAYSIA S EXPERIENCE OECD China Conference on Foreign Investment 11 12 September 2000 Xiamen, People s Republic of China By Kaziah Abdul Kadir

More information

Trade in health services in the ASEAN region

Trade in health services in the ASEAN region Health Promotion International, Vol. 21 No. S1 doi:10.1093/heapro/dal052 # The Author (2007). Published by Oxford University Press. All rights reserved. For Permissions, please email: journals.permissions@oxfordjournals.org

More information