Questions and Comments of the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu on the Implementation by China of its Commitments on Trade in Financial Services
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It is our understanding that, in accordance with the provisions of the WTO Agreement, China’s Accession Protocol, the Report of the Working Party on China’s Accession, and China’s Schedule of Specific Commitments, upon its accession, China was committed to ensuring that licensing procedures and conditions would not act as barriers to market access and would not be more trade restrictive than necessary. We recognize China’s efforts to improve its business environment and its implementation of WTO commitments over the past few years, with the aim of further integrating with the global economy. In the interests of achieving this goal, it would be appreciated if China could provide further clarification, in its responses to our questions below, of certain aspects of its implementation of market access commitments in the banking and insurance services sector as contained in its Schedule of Specific Commitments.