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Facilitating Trade in Services

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  • Bernard Hoekman

Abstract

In 2016, the Government of India proposed negotiations on an agreement to facilitate trade in services to complement the 2013 WTO agreement on facilitation of trade in goods. The proposal did not find much support, but plurilateral talks launch in 2017 on various policy areas encompass areas that are very relevant from a services trade facilitation perspective. This paper argues that participating in the current plurilateral talks can do much to achieve services trade facilitation objectives by identifying good regulatory practices. Although elements relevant to services trade facilitation are on the table in the WTO, there are important gaps. Identifying priorities for complementary international cooperation to facilitate trade in services on a plurilateral basis requires initiatives that bring together governments, services industry associations and sectoral regulator.

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  • Bernard Hoekman, 2020. "Facilitating Trade in Services," RSCAS Working Papers 2020/13, European University Institute.
    • Handle: RePEc:rsc:rsceui:2020/13
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    References listed on IDEAS

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    1. Henk Kox & Arjan Lejour, 2005. "Regulatory heterogeneity as obstacle for international services trade," CPB Discussion Paper 49, CPB Netherlands Bureau for Economic Policy Analysis.
    2. Hoekman, Bernard & Shepherd, Ben, 2021. "Services Trade Policies and Economic Integration: New Evidence for Developing Countries," World Trade Review, Cambridge University Press, vol. 20(1), pages 115-134, February.
    3. Yaghoob Jafari & David G. Tarr, 2017. "Estimates of Ad Valorem Equivalents of Barriers Against Foreign Suppliers of Services in Eleven Services Sectors and 103 Countries," The World Economy, Wiley Blackwell, vol. 40(3), pages 544-573, March.
    4. Borchert, Ingo & Gootiiz, Batshur & Magdeleine, Joscelyn & Marchetti, Juan A. & Mattoo, Aaditya & Rubio, Ester & Shannon, Evgeniia, 2019. "Applied services trade policy: A guide to the Services Trade Policy Database and the Services Trade Restrictions Index," WTO Staff Working Papers ERSD-2019-14, World Trade Organization (WTO), Economic Research and Statistics Division.
    5. Hoekman, Bernard M. & Mavroidis, Petros C., 2015. "Embracing Diversity: Plurilateral Agreements and the Trading System," World Trade Review, Cambridge University Press, vol. 14(1), pages 101-116, January.
    6. Beverelli, Cosimo & Fiorini, Matteo & Hoekman, Bernard, 2017. "Services trade policy and manufacturing productivity: The role of institutions," Journal of International Economics, Elsevier, vol. 104(C), pages 166-182.
    7. Gervais, Antoine & Jensen, J. Bradford, 2019. "The tradability of services: Geographic concentration and trade costs," Journal of International Economics, Elsevier, vol. 118(C), pages 331-350.
    8. Hildegunn Kyvik Nordås, 2016. "Services Trade Restrictiveness Index (STRI): The Trade Effect of Regulatory Differences," OECD Trade Policy Papers 189, OECD Publishing.
    9. Ingo Borchert & Batshur Gootiiz & Aaditya Mattoo, 2014. "Policy Barriers to International Trade in Services: Evidence from a New Database," The World Bank Economic Review, World Bank, vol. 28(1), pages 162-188.
    10. Evdokia Moïsé & Silvia Sorescu, 2013. "Trade Facilitation Indicators: The Potential Impact of Trade Facilitation on Developing Countries' Trade," OECD Trade Policy Papers 144, OECD Publishing.
    11. Robert Basedow & Céline Kauffmann, 2016. "International Trade and Good Regulatory Practices: Assessing The Trade Impacts of Regulation," OECD Regulatory Policy Working Papers 4, OECD Publishing.
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    Cited by:

    1. Métivier, Jeanne & Bacchetta, Marc & Bekkers, Eddy & Koopman, Robert Bernard, 2023. "International trade cooperation's impact on the world economy," WTO Staff Working Papers ERSD-2023-02, World Trade Organization (WTO), Economic Research and Statistics Division.
    2. Métivier, Jeanne & Bacchetta, Marc & Bekkers, Eddy & Koopman, Robert, 2023. "International trade cooperation’s impact on the world economy," Journal of Policy Modeling, Elsevier, vol. 45(4), pages 713-744.

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    More about this item

    Keywords

    trade in services; facilitation; G20; international agreement; plurilateral cooperation;
    All these keywords.

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General

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