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Regulatory Cooperation Aid For Trade And The General Agreement On Trade In Services
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Book Synopsis Regulatory Cooperation, Aid for Trade and the General Agreement on Trade in Services by : Aaditya Mattoo
Download or read book Regulatory Cooperation, Aid for Trade and the General Agreement on Trade in Services written by Aaditya Mattoo and published by World Bank Publications. This book was released on 2012 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses what could be done to expand services trade and investment through a multilateral agreement in the World Trade Organization. A distinction is made between market access liberalization and the regulatory preconditions for benefiting from market opening. The authors argue that prospects for multilateral services liberalization would be enhanced by making national treatment the objective of World Trade Organization services negotiations, thereby clarifying the scope of World Trade Organization commitments for regulators. Moreover, liberalization by smaller and poorer members of the World Trade Organization would be facilitated by complementary actions to strengthen regulatory capacity. If pursued as part of the operationalization of the World Trade Organization's 2006 Aid for Trade taskforce report, the World Trade Organization could become more relevant in promoting not just services liberalization but, more importantly, domestic reforms of services policies.
Book Synopsis Regulatory Cooperation, Aid for Trade and the General Agreement on Trade in Services by : Bernard Hoekman
Download or read book Regulatory Cooperation, Aid for Trade and the General Agreement on Trade in Services written by Bernard Hoekman and published by . This book was released on 2016 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses what could be done to expand services trade and investment through a multilateral agreement in the World Trade Organization. A distinction is made between market access liberalization and the regulatory preconditions for benefiting from market opening. The authors argue that prospects for multilateral services liberalization would be enhanced by making national treatment the objective of World Trade Organization services negotiations, thereby clarifying the scope of World Trade Organization commitments for regulators. Moreover, liberalization by smaller and poorer members of the World Trade Organization would be facilitated by complementary actions to strengthen regulatory capacity. If pursued as part of the operationalization of the World Trade Organization's 2006 Aid for Trade taskforce report, the World Trade Organization could become more relevant in promoting not just services liberalization but, more importantly, domestic reforms of services policies.
Book Synopsis The Regulation of Subsidies Within the General Agreement on Trade in Services of the WTO by : Pietro Poretti
Download or read book The Regulation of Subsidies Within the General Agreement on Trade in Services of the WTO written by Pietro Poretti and published by Kluwer Law International B.V.. This book was released on 2009-01-01 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The General Agreement on Trade in Services (GATS) extends the multilateral trading system to services. Little is said In the GATS about subsidies, beyond stipulating that subsidies are subject to the existing provisions, including the most-favoured-nation and national-treatment principles, and that Members shall enter into negotiations with a view to developing the disciplines necessary to avoid the trade distorting effects of subsidies." "This timely book provides a comprehensive analysis of services subsidies under the GATS. It begins with a description of services and trade in services, and of the salient characteristics that make regulation of services subsidies more complex than those associated with agricultural and industrial goods. It then analyzes the economic arguments underpinning the need for regulation, as well as the need for governments to retain sufficient latitude to implement non-trade-related policy measures. A description of the information available on services subsidies is followed by a classification of services subsidies according to their distortive effects, and by a detailed analysis of those elements that may form a definition of services subsidies for the purpose of a future regulatory framework." "A key section is devoted to the analysis of those existing provisions of the GATS that may exert a certain measure of discipline on services subsidies, and to the question of the desirability and technical feasibility of countervailing measures. Rules on services subsidies contained in regional trade agreements and the need for special and differential treatment for services subsidies by developing countries are also discussed. Finally, and prior to the conclusion, two sectoral studies deal with the question of subsidies aimed at attracting foreign direct investment and subsidies to the audiovisual sector." "This work represents the first extensive and comprehensive analysis of the issue of services subsidies in the context of the GATS, and includes numerous references to relevant European Union State Aid legislation and jurisprudence." --Book Jacket.
Book Synopsis Regulatory Cooperation in the WTO and at the Regional Level by : Ines Willemyns
Download or read book Regulatory Cooperation in the WTO and at the Regional Level written by Ines Willemyns and published by . This book was released on 2016 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: Due to globalisation and their role as enablers in global value chains, services are playing an increasingly important role in international trade. The supply of services around the world provokes an increased vulnerability to certain barriers, created by differing domestic regulation. This increase is caused by the fact that services are being supplied in various countries, at the same time, which obliges the service supplier to adapt to every country's domestic regulation regarding his specific service. The need for country-specific adaptation to domestic regulation entails significant (sometimes even prohibitive) costs.The fact that services value chains and services-intermediates have grown immensely has implications for the global economy and the trade barriers that need to be addressed. However, the present normative framework for trade does not adequately deal with the issue of regulatory incoherence. This paper compares the approach taken in the General Agreement on Trade in Services (GATS) and contrasts its incompleteness with the new provisions in both the Comprehensive Economic and Trade Agreement (CETA) between the EU and Canada and the Trans-Pacific Partnership (TPP). The aim of this paper is to assess whether these two new "deep-RTAs" successfully include new disciplines dealing with regulatory incoherence.
Book Synopsis National Regulation and Trade Liberalization in Services by : Markus Krajewski
Download or read book National Regulation and Trade Liberalization in Services written by Markus Krajewski and published by Kluwer Law International B.V.. This book was released on 2003-01-01 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: Like tariffs and other border measures, national regulatory barriers impede international trade. Unlike tariffs, however, such barriers usually indicate an important domestic policy choice. This 'conflict of interest' has emerged as a crucial issue in international law, particularly with regard to services, such as telecommunications and health services. This study is the first to analyze the potential impact of incompatibilities between national regulatory regimes and the rules and obligations imposed by the General Agreement on Trade in Services (GATS). In the process of arriving at his challenging concluding theses, the author investigates such relevant concepts as the following: the political and ideological dynamics of GATS negotiations services trade liberalization in regional integration systems, particularly in EC law policies common to diverse national regulatory systems the notions of 'deregulation' and 'privatization' the human rights implications of international trade law the GATS obligations of market access, national treatment, and most-favoured-nation treatment the role of the WTO's dispute settlement organs GATS transparency obligations Professor Krajewski's study is of enormous significance to specialists in regulatory policies and instruments at all national and sectoral levels, especially in the context of ongoing GATS negotiations. As the author warns: Unless GATS negotiators and national regulators have a thorough understanding of the relationship between GATS obligations and regulatory policies and instruments, they cannot effectively use the flexible elements of GATS and could reach an agreement which they may later regret.
Book Synopsis WTO Domestic Regulation and Services Trade by : Aik Hoe Lim
Download or read book WTO Domestic Regulation and Services Trade written by Aik Hoe Lim and published by Cambridge University Press. This book was released on 2014-03-13 with total page 395 pages. Available in PDF, EPUB and Kindle. Book excerpt: Innovative, interdisciplinary, practitioner-oriented insights into the key challenges faced in addressing the services trade liberalization and domestic regulation interface.
Book Synopsis Regulatory Cooperation for Trade in Services in the EU and US Trade Agreements with the Republic of Korea by : Eugenia Laurenza
Download or read book Regulatory Cooperation for Trade in Services in the EU and US Trade Agreements with the Republic of Korea written by Eugenia Laurenza and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This article compares domestic regulation provisions in the field of international trade in services for two economic integration agreements with the Republic of Korea: the Free Trade Agreement between the United States of America and the Republic of Korea (2011) and the Free Trade Agreement between the European Union and the Republic of Korea (2011). It examines the subjects of transparency, regulatory cooperation, competition law and policy and their institutional context in order to assess the depth of integration generated and the level of compatibility that results between the agreements. The article determines that many of the subjects are treated in a softer law manner that establishes ongoing systems of cooperation in order to realise the agreements' objectives of addressing regulatory barriers for foreign services and service providers. In some cases these softer law approaches may reflect the policy space parties choose to retain in their own domestic systems for balancing trade and regulatory objectives. For most of the subjects, the approaches employed are similar, suggesting that the two agreements are rendered generally compatible for the types of regulatory activities incurred by the common signatory. The two subject areas of transparency and sector-specific domestic regulation present some more legally binding and actionable elements and there are some differences between the agreements in how these elements are addressed. For these, there is more risk of regulatory fragmentation as between the agreements and questions can be raised as to how this is resolved by a national regulatory system. Finally, the article considers some implications for the multilateral trading system of the World Trade Organization presented by the provisions examined in these agreements. To the extent that softer regulatory approaches emphasise the building of agency relationships over time, one can question whether this is a likely possible model of a larger group of WTO members. For those subjects that present somewhat more rigorous legal approaches, one can more easily consider how these models might translate to the WTO discussion as potential benchmarks for enhancing multilateral trade in services.
Book Synopsis Facilitating Trade Through Regulatory Cooperation by : World Trade Organization
Download or read book Facilitating Trade Through Regulatory Cooperation written by World Trade Organization and published by . This book was released on 2019 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: The WTO plays an important role in supporting efforts to achieve international regulatory cooperation (IR C) and to facilitate trade. First, the WTO provides a multilateral framework for trade among its 164 members, with a view to ensuring that trade flows as smoothly, predictably and freely as possible. Second, the WTO's Agreements provide important legal disciplines, helping to promote good regulatory practice and IR C at the domestic level as a means of reducing unnecessary barriers to trade. This publication highlights how the WTO's Agreements on Technical Barriers to Trade (TBT) and on the Application of Sanitary and Phytosanitary Measures (SPS) and the work of their related Committees promote opportunities for regulatory cooperation among governments and ease trade frictions. It demonstrates how members' notification of draft measures, harmonisation of measures with international standards, discussion of specific trade concerns and other practices help to facilitate global trade in goods. The study also makes recommendations on how to benefit further from the transparency and cooperation opportunities provided by the TBT and SPS Agreements.
Book Synopsis Business Guide to the General Agreement on Trade in Services by : Commonwealth Secretariat
Download or read book Business Guide to the General Agreement on Trade in Services written by Commonwealth Secretariat and published by Commonwealth Secretariat. This book was released on 2000 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: The General Agreement on Trade in Services (GATS) is a historical agreement covering a wide range of international service transactions. In support of further trade negotiations, the Guide also highlights issues in which the business community may wish to provide input as preparations for trade negotiations move forward.
Book Synopsis Aid for Trade at a Glance 2015 Reducing Trade Costs for Inclusive, Sustainable Growth by : OECD
Download or read book Aid for Trade at a Glance 2015 Reducing Trade Costs for Inclusive, Sustainable Growth written by OECD and published by OECD Publishing. This book was released on 2015-06-30 with total page 464 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Aid for Trade Initiative has allowed for the active engagement of a large number of organisations and agencies in helping developing countries and especially the least developed build the infrastructure and supply-side capacity they need to connect to regional and global markets and improve ...
Book Synopsis Services in a Development Round by : Aaditya Mattoo
Download or read book Services in a Development Round written by Aaditya Mattoo and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The benefits of services trade reform are huge but services negotiations in the World Trade Organization (WTO) are making little progress. A proximate cause is the current negotiating process, based on an inertial request-and-offer approach rather than a set of goals that would give direction and momentum to the negotiations. The paper suggests that WTO members should consider: (1) locking in the current openness of cross-border trade for a wide range of services; (2) eliminating barriers to foreign investment either immediately or in a phased manner where regulatory inadequacies need to be remedied; and (3) allowing greater freedom of international movement at least for intra-corporate transferees and for service providers to fulfill specific services contracts. A deeper problem is that WTO members have sought to negotiate market access in services without adequately addressing concerns that the General Agreement on Trade in Services (GATS) commitments limit regulatory freedom unduly and unpredictably, that regulatory institutions in many countries are too weak to cope with liberalized markets, and that there is no provision for the regulatory cooperation that is necessary for successful liberalization, particularly of temporary labor mobility. Three types of actions are needed: (1) at the current stage of its development, the GATS must focus primarily on disciplines for measures that discriminate against foreign services and providers, rather than on politically sensitive and legally complex rules for nondiscriminatory measures; (2) a credible assistance mechanism must be established to help developing countries make the regulatory improvements needed for successful liberalization; and (3) where necessary, WTO members should make access commitments on labor mobility conditional on the fulfillment of specific conditions by source countries-to screen services providers, accept and facilitate their return, and combat illegal migration.
Book Synopsis Aid for Trade at a Glance 2019 Economic Diversification and Empowerment by : OECD
Download or read book Aid for Trade at a Glance 2019 Economic Diversification and Empowerment written by OECD and published by OECD Publishing. This book was released on 2019-07-11 with total page 532 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edition analyses how trade can contribute to economic diversification and empowerment, with a focus on eliminating extreme poverty, particularly through the effective participation of women and youth. It shows how aid for trade can contribute to that objective by addressing supply-side capacity and trade-related infrastructure constraints, including for micro-, small- and medium-sized enterprises notably in rural areas.
Book Synopsis Business Guide to the General Agreement on Trade in Services by : Dorothy I. Riddle
Download or read book Business Guide to the General Agreement on Trade in Services written by Dorothy I. Riddle and published by . This book was released on 1999 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Domestic Regulation and Service Trade Liberalization by : Pierre Sauve
Download or read book Domestic Regulation and Service Trade Liberalization written by Pierre Sauve and published by World Bank Publications. This book was released on 2003-08-29 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trade in services, far more than trade in goods, is affected by a variety of domestic regulations, ranging from qualification and licensing requirements in professional services to pro-competitive regulation in telecommunications services. Experience shows that the quality of regulation strongly influences the consequences of trade liberalization. WTO members have agreed that a central task in the ongoing services negotiations will be to develop a set of rules to ensure that domestic regulations support rather than impede trade liberalization. Since these rules are bound to have a profound impact on the evolution of policy, particularly in developing countries, it is important that they be conducive to economically rational policy-making. This book addresses two central questions: What impact can international trade rules on services have on the exercise of domestic regulatory sovereignty? And how can services negotiations be harnessed to promote and consolidate domestic policy reform across highly diverse sectors? The book, with contributions from several of the world's leading experts in the field, explores a range of rule-making challenges arising at this policy interface, in areas such as transparency, standards and the adoption of a necessity test for services trade. Contributions also provide an in-depth look at these issues in the key areas of accountancy, energy, finance, health, telecommunications and transportation services.
Book Synopsis The Prudential Carve-out for Financial Services by : Carlo Maria Cantore
Download or read book The Prudential Carve-out for Financial Services written by Carlo Maria Cantore and published by . This book was released on 2018 with total page 259 pages. Available in PDF, EPUB and Kindle. Book excerpt: The World Trade Organization's General Agreement on Trade in Services (GATS) sets out a framework and rules for the liberalization of international trade in services. Paragraph 2(a) of the GATS Annex on Financial Services is generally known as the Prudential Carve-Out (PCO). Notwithstanding GATS obligations, it allows WTO Members to pursue prudential regulatory objectives. This book studies the GATS PCO in light of its negotiating history and economic rationale as well as PCOs in all preferential trade agreements notified to the WTO Secretariat up to the summer of 2017. The author clarifies the state of play of international cooperation on financial services regulation; provides a current understanding of the GATS PCO; analyses how PCOs are drafted in preferential trade agreements and, finally, he seeks to understand whether alternative approaches to the mainstream understanding of the PCO are possible and suggests options for reform.
Book Synopsis Trade Agreements and International Regulatory Cooperation in a Supply Chain World by : Bernard M. Hoekman
Download or read book Trade Agreements and International Regulatory Cooperation in a Supply Chain World written by Bernard M. Hoekman and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many of the policies that affect international supply chains and associated trade flows are regulatory in nature. Governments generally do not pursue domestic regulation or design trade agreements with a view to support the trade as production model by reducing regulatory differences that have the effect of impeding trade. This paper proposes several mechanisms to help make policy more supportive of regulatory cooperation initiatives that are aimed at reducing excess costs that negatively affect supply chain trade and investments, and that can be incorporated into trade agreements. While the analysis and suggestions are general, specific context and examples are provided by recent trade agreements and regulatory cooperation initiatives involving Canada, the EU and the US.
Book Synopsis Facilitating Trade Through Regulatory Cooperation by :
Download or read book Facilitating Trade Through Regulatory Cooperation written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
