Canada-Peru Free Trade Agreement
Reservations for Future Measures
- The Schedule of a Party sets out, pursuant to Articles 808 (Investment – Reservations and Exceptions) and 908 (Cross-Border Trade in Services – Non- Conforming Measures), the reservations taken by that Party with respect to specific sectors, sub-sectors or activities for which it may maintain existing, or adopt new or more restrictive measures that do not conform with obligations imposed by:
- Article 803 (Investment – National Treatment), 903 (Cross-Border Trade in Services - National Treatment);
- Article 804 (Investment - Most-Favoured-Nation Treatment), 904 (Cross-Border Trade in Services - Most-Favoured-Nation Treatment);
- Article 907 (Cross-Border Trade in Services - Local Presence);
- Article 807 (Investment - Performance Requirements);
- Article 806 (Investment - Senior Management and Boards of Directors); or
- Article 906 (Cross-Border Trade in Services - Market Access).
- Each reservation sets out the following elements:
- Sector refers to the general sector in which the reservation is taken;
- Sub-Sector refers to the specific sector in which the reservation is taken;
- Industry Classification refers, where applicable, to the activity covered by the reservation according to domestic industry classification codes;
- Type of Reservation specifies the obligation referred to in paragraph 1 for which a reservation is taken;
- Description sets out the scope of the sector, sub-sector or activities covered by the reservation;
- Existing Measures identifies, for transparency purposes, existing measures that apply to the sector, sub-sector or activities covered by the reservation.
- In the interpretation of a reservation, all elements of the reservation, with the exception of Industry Classification, shall be considered. The Description element shall prevail over all other elements.
- For purposes of this Annex:
CPC means Central Product Classification (CPC) numbers as set out in Statistical Office of the United Nations, Statistical Papers, Series M, No. 77, Provisional Central Product Classification, 1991; and
SIC means Standard Industrial Classification (SIC) numbers as set out in Statistics Canada, Standard Industrial Classification, fourth edition, 1980.