IDEAS home Printed from
   My bibliography  Save this article

Trade in banking services and the role of GATS


  • Ernando S. de Leon

    (Department of Economic Research, Bangko Sentral ng Pilipinas)

  • Teodora I. San Pedro

    (Supervisory Reports and Studies Office, Bangko Sentral ng Pilipinas)


The General Agreement on Trade in Services (GATS), which was concluded by participating countries in the Uruguay Round of negotiations, is the first multilateral effort to establish rules governing the conduct of international trade in services, including financial services. The GATS also provides the framework for multilateral negotiations on improved market access for foreign services and service suppliers. This article aims to clarify the issues regarding the consequences of liberalizing trade in banking services and the obligations assumed by member countries in the context of negotiations under the GATS. It argues that the benefits of liberalizing trade in banking services arise primarily from greater competition and better financial intermediation. It also points out the interdependence between sound macroeconomic management, appropriate financial regulation and supervision and a liberal trade regime in banking services.

Suggested Citation

  • Ernando S. de Leon & Teodora I. San Pedro, 2003. "Trade in banking services and the role of GATS," Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, vol. 40(1), pages 73-94, June.
  • Handle: RePEc:phs:prejrn:v:40:y:2003:i:1:p:73-94

    Download full text from publisher

    File URL:
    Download Restriction: no

    More about this item


    Trade in services; WTO; Philippine financial sector;

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:phs:prejrn:v:40:y:2003:i:1:p:73-94. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Reuben T. Campos). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.