The Stakes on Negotiating a Plurilateral Agreement on Trade in Services
In March 2013, a group of 23 like: minded WTO Members, including the EU, started negotiations for a plurilateral Agreement on Trade in Services. This paper aims to address the ongoing talks from several angles. First, it explores the motivation behind these negotiations and highlights the objectives and structure of the new plurilateral trade in services agreement. Secondly, it sheds light on the stakes involved in these negotiations. And thirdly, it analyses the future plurilateral agreement through the lens of the multilateral trading system. According to the findings of the paper, the new deal is a policy response to disappointment over the protracted Doha Round multilateral talks. But it also stems from a need for more ambitious market opening and deeper trade integration in services on the part of advanced economies, given the crucial role of services along global production networks, which dominate nowadays production, trade and investment.
Volume (Year): 6 (2014)
Issue (Month): 2 (June)
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- Richard Baldwin, 2011.
"Trade And Industrialisation After Globalisation's 2nd Unbundling: How Building And Joining A Supply Chain Are Different And Why It Matters,"
NBER Working Papers
17716, National Bureau of Economic Research, Inc.
- Baldwin, Richard, 2012. "Trade and industrialisation after globalisation’s 2nd unbundling: How building and joining a supply chain are different and why it matters," CEPR Discussion Papers 8768, C.E.P.R. Discussion Papers.
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