OBS_VALUE: Foreign equity policy is attached to the SPAD licensing policy. In case of application for licence to operate Carrier A and Carrier A (Container), foreign equity is limited to 49%. However, public listed companies and courier companies are allowed 100% foreign equity. As non-public listed companies are the dominant form in carrier A, the answer to this measure is 49%. Foreign equity is 100% allowed for carrier C licence. Note that licence for carrier  A is for use the goods vehicle for the carriage of goods for any third party for hire or rewards. Licence for carrier  C is for use the goods vehicle for the carriage of owned goods.  Note that aforementioned infomation is confirmed by SPAD as the licencing policy is not made public. 