Common use of TOURISM SERVICES Clause in Contracts

TOURISM SERVICES. Hotel/Lodging services (CPC 64110) 1) None 2) None 3) None except as indicated in the horizontal section . 1) None 2) None 3) None, except as indicated in the horizontal commitment Restaurants (CPC 6421-64310) 1) Unbound* 1) Unbound* PHILIPPINES – SCHEDULE OF SPECIFIC SERVICES COMMITMENTS Modes of supply: (1) Cross-border supply (2) Consumption abroad (3) Commercial presence Sector or Sub-sector Limitations on Market Access Limitations on National Treatment Additional Commitments 2) None 3) Foreign nationals may wholly operate a restaurant provided that the minimum paid in capital of US$2.5 million is complied with ; provided further that pre-qualification requirements are complied with in accordance with appropriate government agencies. Foreign nationals may also establish branches provided that the minimum paid in capital of US$ 830,000.00 per restaurant are complied with. Limitations listed in the horizontal section also apply. 2) None 3) Foreign nationals may wholly operate a restaurant provided that the minimum paid in capital of US$2.5 million are maintained. Prior notification for cessation of operation Foreign nationals may also establish additional branches provided that the minimum paid in capital of US$ 830,000 per restaurant are maintained. Prior notification for opening and closing of branches/stores. Provided further that 30% local inventory requirement, public offering requirement under certain conditions and prohibitions to engage in certain restaurant activities are PHILIPPINES – SCHEDULE OF SPECIFIC SERVICES COMMITMENTS Modes of supply: (1) Cross-border supply (2) Consumption abroad (3) Commercial presence Sector or Sub-sector Limitations on Market Access Limitations on National Treatment Additional Commitments complied. Every registered foreign restaurant are to submit to the Department of Trade and Industry the following reports: a. A general information sheet in the prescribed form showing, among others, the accredited stores of the enterprise and the status of operations of the entity; b. An audited financial statement and income tax return; c. Certification by responsible officer of the company showing the maintenance of the required minimum capital unless the foreign investor has notified the SEC and the DTI of its intention to repatriate its capital and PHILIPPINES – SCHEDULE OF SPECIFIC SERVICES COMMITMENTS Modes of supply: (1) Cross-border supply (2) Consumption abroad (3) Commercial presence Sector or Sub-sector Limitations on Market Access Limitations on National Treatment Additional Commitments cease operations in the Philippines Qualified foreign restaurant are not allowed to engage in certain retailing activities outside their accredited branches through the use of mobile or rolling stores or carts, the use of sales representatives, door-to-door selling, and sari-sari stores and such other similar retailing activities. Limitations listed in the horizontal section shall apply. Travel Agencies (74710) 1) None 2) None 3) None except as indicated in the horizontal commitment 1) None 2) None 3) None, except as indicated in the horizontal commitment Professional Congress Organizers 1) None 1) None PHILIPPINES – SCHEDULE OF SPECIFIC SERVICES COMMITMENTS Modes of supply: (1) Cross-border supply (2) Consumption abroad (3) Commercial presence Sector or Sub-sector Limitations on Market Access Limitations on National Treatment Additional Commitments 2 ) None 3) 60% foreign equity is allowed Limitations listed in the horizontal section also apply. 2) None 3) None except as indicated in the horizontal section one