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A brief description of TiSA and the implications of the agreement

Author

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  • Alina Aluculesei
  • Alexandra Radan

Abstract

This article presents an overview of a new Agreement on Trade in Services, which is still under negotiation. Topics addressed in this paper are as follows: (a) Why is a new agreement on trade in services necessary? (B) What will be the architecture of the new agreement and how it differs from the General Agreement on Trade in Services (GATS) of the WTO? (C) What topics are considered as possible problematic by states participating in the negotiations? The article points out that the necessity of the TiSA agreement has its roots in the failure to complete negotiations on services under the Doha Round, and adopting this plurilateral agreement would simplify business relationships among member countries and set a new global standard for trade in services.

Suggested Citation

  • Alina Aluculesei & Alexandra Radan, 2016. "A brief description of TiSA and the implications of the agreement," Revista de Economie Mondiala / The Journal of Global Economics, Institute for World Economy, Romanian Academy, vol. 8(4).
  • Handle: RePEc:iem:journl:v:8:y:2016:i:4:id:2822000009635051
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    File URL: http://iem.ro/rem/index.php/REM/article/view/537/615
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    More about this item

    Keywords

    trade in services; TiSA; WTO; Doha Round; trade negotiations;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • L88 - Industrial Organization - - Industry Studies: Services - - - Government Policy

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