annex I
	annex III

North American Free Trade Agreement - ANNEX II

Reservations for Future Measures

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1. The Schedule of a Party sets out, pursuant to Articles 1108(3) (Investment) and 1206(3) (Cross-Border Trade in Services), 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 :
   1. Article 1102 or 1202 (National Treatment) ;
   2. Article 1103 or 1203 (Most-Favored-Nation Treatment) ;
   3. Article 1205 (Local Presence) ;
   4. Article 1106 (Performance Requirements) ; or
   5. Article 1107 (Senior Management and Boards of Directors).
2. Each reservation sets out the following elements :
   1. Sector refers to the general sector in which the reservation is taken;
   2. Sub-Sector refers to the specific sector in which the reservation is taken;
   3. Industry Classification refers, where applicable, to the activity covered by the reservation according to domestic industry classification codes;
   4. Type of Reservation specifies the obligation referred to in paragraph 1 for which a reservation is taken;
   5. Description sets out the scope of the sector, sub-sector or activities covered by the reservation; and
   6. Existing Measures identifies, for transparency purposes, existing measures that apply to the sector, sub-sector or activities covered by the reservation.
3. In the interpretation of a reservation, all elements of the reservation shall be considered. The Description element shall prevail over all other elements.
4. For purposes of this Annex : CMAP means Clasificación Mexicana de Actividades y Productos (CMAP) numbers as set out in Instituto Nacional de Estadística, Geografía e Informática, Clasificación Mexicana de Actividades y Productos, 1988; 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 :
   1. with respect to Canada, Standard Industrial Classification (SIC) numbers as set out in Statistics Canada, Standard Industrial Classification, fourth edition, 1980; and
   2. with respect to the United States, Standard Industrial Classification (SIC) numbers as set out in the United States Office of Management and Budget, Standard Industrial Classification Manual, 1987.

SCHEDULES

• Schedule of Canada
• Schedule of Mexico
• Schedule of the United States

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last updated on april 9, 05 by TMTM