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Tentative First Steps: An Assessment of the Uruguay Round Agreement on Services

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Author Info
Hoekman, Bernard

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Abstract

The General Agreement on Trade in Services (GATS) is a landmark in terms of creating multilateral disciplines in virgin territory, but is a failure in terms of generating liberalization and locking-in existing policy regimes affecting international transactions in services. There are two key issues that should be addressed in evaluating the GATS. First, what does it do to bind policies? Second, has it established a mechanism that will induce significant liberalization through future rounds of negotiations? This paper concludes that the GATS does not score very high on either dimension. A number of suggestions are made to strengthen the Agreement and support more far-reaching liberalization in the future.

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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 1150.

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Date of creation: Mar 1995
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Handle: RePEc:cpr:ceprdp:1150

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Related research
Keywords: GATS; Multilateral Trade Negotiations; Trade in Services; Trade Policy;

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Find related papers by JEL classification:
F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations

References listed on IDEAS
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  1. Hoekman, Bernard & Mavroidis, Petros C, 1995. "The WTO's Agreement on Government Procurement: Expanding Disciplines, Declining Membership?," CEPR Discussion Papers 1112, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
  2. Bhagwati, Jagdish N, 1987. "Trade in Services and the Multilateral Trade Negotiations," World Bank Economic Review, Oxford University Press, vol. 1(4), pages 549-69, September.
  3. Hindley, Brian, 1988. "Service Sector Protection: Considerations for Developing Countries," World Bank Economic Review, Oxford University Press, vol. 2(2), pages 205-24, May.
  4. Bernard M. Hoekman & Robert M. Stern, 1991. "Evolving Patterns of Trade and Investment in Services," NBER Chapters, in: International Economic Transactions: Issues in Measurement and Empirical Research, pages 237-290 National Bureau of Economic Research, Inc. [Downloadable!]
  5. Sapir, André, 1991. "The Structure of Services in Europe: A Conceptual Framework," CEPR Discussion Papers 498, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
  6. Deardoff, A.V. & Brown, D.K. & Stern, R.M. & Fox, A.K., 1995. "Computational Analysis of Goods and Services Liberalization in the Uruguay Round," Working Papers 379, Research Seminar in International Economics, University of Michigan.
  7. Maskus, Keith E & Konan, Denise Eby, 1997. "Trade Liberalization in Egypt," Review of Development Economics, Blackwell Publishing, vol. 1(3), pages 275-93, October. [Downloadable!] (restricted)
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(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Konan, Denise Eby & Maskus, Keith E., 2003. "Quantifying the impact of services liberalization in a developing country," Policy Research Working Paper Series 3193, The World Bank. [Downloadable!]
    Other versions:
  2. Zafar Mahmood, 1998. "WTO and Pakistan: Opportunities and Policy Challenges," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 37(4), pages 687-701. [Downloadable!]
  3. Hoekman, Bernard, 1995. "The World Trade Organization, the European Union, and the Arab World : trade policy priorities and pitfalls," Policy Research Working Paper Series 1513, The World Bank. [Downloadable!]
  4. Harms, Philipp & Mattoo, Aaditya & Schuknecht, Ludger, 2003. "Explaining liberalization commitments in financial services trade," Policy Research Working Paper Series 2999, The World Bank. [Downloadable!]
    Other versions:
  5. John Roberts, 2000. "Issues in the liberalization of trade in services," Journal of International Development, John Wiley & Sons, Ltd., vol. 12(2), pages 257-264.
  6. Rashmi Banga, 2005. "Trade and foreign direct investment in services: A review," Indian Council for Research on International Economic Relations, New Delhi Working Papers 154, Indian Council for Research on International Economic Relations, New Delhi, India. [Downloadable!]
  7. Keith Walsh, 2006. "Trade in Services: Does Gravity Hold? A Gravity Model Approach to Estimating Barriers to Services Trade," The Institute for International Integration Studies Discussion Paper Series iiisdp183, IIIS. [Downloadable!]
  8. Rajesh Chadha & Drusilla K. Brown & Alan V. Deardorff & Robert M. Stern, 2000. "Computational Analysis of the Impact on India of the Uruguay Round and the Forthcoming WTO Trade Negotiations," William Davidson Institute Working Papers Series 312, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
    Other versions:
  9. Stephenson, Sherry M., 1999. "Approaches to liberalizing services," Policy Research Working Paper Series 2107, The World Bank. [Downloadable!]
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