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rates that are reasonable, non-discriminatory, and transparent.

                       3.     A  Party  may  determine,  in  accordance  with  its  laws  and
                              regulations,  which  premises  owned  or  controlled  by  major
                              suppliers in its territory are subject to paragraphs 1 and 2, having
                              regard to factors such as the state of competition in the market
                              where  co-location  is  required,  and  whether  such  premises  can
                              feasibly  be  economically  or  technically  substituted  in  order  to
                              provide a competing service.


                       Article 12: Independent Telecommunications Regulatory Body

                       1.     Each Party shall ensure that its telecommunications regulatory
                              body is separate from, and not accountable to, any supplier of
                              public telecommunications services.

                       2.     Each Party shall ensure that the regulatory decisions of, and the
                              procedures used by, its telecommunications regulatory body are
                              impartial with respect to all market participants.


                       Article 13: Universal Service

                       Each  Party  has  the  right  to  define  the  kind  of  universal  service
                       obligations it wishes to maintain.  Such obligations shall not be regarded
                       as  anti-competitive  per  se,  provided  that  they  are  administered  in  a
                       transparent, non-discriminatory, and competitively neutral manner, and
                       are  not  more  burdensome  than  necessary  for  the  kind  of  universal
                       service defined by the Party.


                       Article 14: Licensing

                       1.     Where  a  licence  is  required  for  the  supply  of  public
                              telecommunications networks or services, the Party shall ensure
                              the public availability of:

                                                                                              7
                              (a)    all the licensing criteria and procedures that it applies;

                              (b)    the period of time normally required to reach a decision
                                     concerning an application for a licence; and


                       7  For greater certainty, this subparagraph includes any fee for applying for or obtaining
                       a licence.




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