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Regional versus multilateral liberalization of services

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  • STEPHENSON, SHERRY M.

Abstract

Many WTO members have been engaging in efforts at the regional level to liberalize services trade even as they are negotiating under the GATS. This duplication of negotiating effort might appear misplaced, unless regional trade agreements can actually produce results going beyond those at the multilateral level and thus serve the interests of their members. This paper explores in what areas regional agreements on services have surpassed the GATS in terms of delivering on three key objectives set out by all service agreements, namely the promotion of transparency, stability, and liberalization for services trade. The paper comments on how countries may evaluate where to best direct their negotiating efforts, according to the type of service activity in question, and suggests that regional agreements can prove to be useful in supporting and pushing forward multilateral services liberalization.

Suggested Citation

  • Stephenson, Sherry M., 2002. "Regional versus multilateral liberalization of services," World Trade Review, Cambridge University Press, vol. 1(2), pages 187-209, July.
    • Handle: RePEc:cup:wotrrv:v:1:y:2002:i:02:p:187-209_00
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    Cited by:

    1. Jansen, Marion, 2006. "Services trade liberalization at the regional level: Does Southern and Eastern Africa stand to gain from EPA negotiations?," WTO Staff Working Papers ERSD-2006-06, World Trade Organization (WTO), Economic Research and Statistics Division.
    2. World Bank, 2005. "Enhancing the Prospects of Growth and Trade of the Kyrgyz Republic," World Bank Publications - Books, The World Bank Group, number 13533, December.
    3. Innwon Park & Soonchan Park, 2011. "Regional Liberalisation of Trade in Services," The World Economy, Wiley Blackwell, vol. 34, pages 725-740, May.
    4. World Bank, 2005. "Kyrgyz Republic : Country Economic Memorandum - Enhancing the Prospects for Growth and Trade, Volume 1, Main Report," World Bank Publications - Reports 8508, The World Bank Group.
    5. World Bank, 2007. "East Asian FTAs in Services," World Bank Publications - Reports 19240, The World Bank Group.
    6. Mao, Rui & Liu, Yuhang & Wang, Xiaoxi, 2023. "Economic and environmental impacts of agricultural non-tariff measures: evidence based on ad valorem equivalent estimates," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 26(3), January.
    7. Jansen, Marion & Vennes, Yannick, 2006. "Liberalizing financial services trade in Africa: Going regional and multilateral," WTO Staff Working Papers ERSD-2006-03, World Trade Organization (WTO), Economic Research and Statistics Division.
    8. Dee, Philippa, 2014. "Does AFAS have bite? Comparing services trade commitments with actual practice," Journal of Asian Economics, Elsevier, vol. 35(C), pages 46-64.
    9. Roy, Martin & Marchetti, Juan & Lim, Hoe, 2006. "Services liberalization in the new generation of Preferential Trade Agreements (PTAs): How much further than the GATS?," WTO Staff Working Papers ERSD-2006-07, World Trade Organization (WTO), Economic Research and Statistics Division.
    10. Baccini, Leonardo & Dür, Andreas & Elsig, Manfred & Milewicz, Karolina, 2011. "The design of preferential trade agreements: A new dataset in the Making," WTO Staff Working Papers ERSD-2011-10, World Trade Organization (WTO), Economic Research and Statistics Division.
    11. International Monetary Fund, 2005. "Eastern Caribbean Currency Union: Selected Issues," IMF Staff Country Reports 2005/305, International Monetary Fund.

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