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Do WTO+ commitments in services trade agreements reflect a quest for optimal regulatory convergence? Evidence from Asia

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  • Anirudh Shingal
  • Martin Roy
  • Pierre Sauvé

Abstract

Literature examining WTO+ commitments in services trade agreements (STAs) has not considered the role of services regulation. We bridge this gap using a sample of 15 South/South†East Asian countries, given the burgeoning trend of Asian economies towards services preferentialism and the largely WTO+ nature of their preferential services commitments. Our empirical findings suggest that Asian trading dyads with regulatory frameworks that are more similar and more trade restrictive tend to undertake higher levels of WTO+ commitments in their STAs. There is also evidence in our results, including by modes of supply, for WTO+ commitments in Asian STAs being driven by goods trade complementarities, alluding to supply chain dynamics in the region. Such results support the hypothesis that the heightened “servicification†of production generates a demand to lower services input costs arising from regulatory incidence and heterogeneity.

Suggested Citation

  • Anirudh Shingal & Martin Roy & Pierre Sauvé, 2018. "Do WTO+ commitments in services trade agreements reflect a quest for optimal regulatory convergence? Evidence from Asia," The World Economy, Wiley Blackwell, vol. 41(5), pages 1223-1250, May.
    • Handle: RePEc:bla:worlde:v:41:y:2018:i:5:p:1223-1250
    DOI: 10.1111/twec.12574
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    Cited by:

    1. Peter Egger & Anirudh Shingal, 2021. "Determinants of services trade agreement membership," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 157(1), pages 21-64, February.
    2. Anirudh Shingal, 2023. "Mode 4 restrictiveness and services trade," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 159(3), pages 757-786, August.
    3. Anirudh Shingal, 2020. "Quantifying Barriers to Movement of Service Suppliers and Examining their Effects: Implications for COVID-19," Indian Council for Research on International Economic Relations (ICRIER) Working Paper 399, Indian Council for Research on International Economic Relations (ICRIER), New Delhi, India.

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