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Prospects for Services Trade Negotiations

Author

Listed:
  • Jeffrey J. Schott

    () (Peterson Institute for International Economics)

  • Minsoo Lee

    (Asian Development Bank)

  • Julia Muir

    () (Peterson Institute for International Economics)

Abstract

Trade and investment in services are difficult to measure, and the regulatory barriers that inhibit the free flow of services are hard to quantify. As a result, very little attention has been paid to dismantling barriers to services trade and investment in free trade negotiations. This paper examines what has been achieved in both regional and multilateral compacts by surveying international precedents involving Asian countries which have included services trade reforms. We then assess the prospects for services trade negotiations and explore how services trade negotiations could be pursued over the next decade through two distinct channels: the Trans-Pacific Partnership (TPP) and a plurilateral approach among groups of WTO countries. We find that in the case of developing Asia, free trade agreements have largely excluded services or have only committed to "lock in" current practices in a narrow subset of service sectors. This is also the case in agreements negotiated between developing countries, which have produced less substantial commitments to liberalize services than those negotiated between developing and developed countries. Multilateral negotiations on services have also underperformed, as substantive negotiations on services in the Doha Round never really got underway. We advocate a stronger effort by developing Asian countries to prioritize services negotiations in their regional arrangements, and to expand coverage of services in those pacts to a broad range of infrastructure services that are included in other FTAs in force or under construction in the Asia-Pacific region.

Suggested Citation

  • Jeffrey J. Schott & Minsoo Lee & Julia Muir, 2012. "Prospects for Services Trade Negotiations," Working Paper Series WP12-17, Peterson Institute for International Economics.
  • Handle: RePEc:iie:wpaper:wp12-17
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    References listed on IDEAS

    as
    1. Jeffrey J. Schott, 2011. "What Should the United States Do about Doha?," Policy Briefs PB11-8, Peterson Institute for International Economics.
    2. Jeffrey J. Schott, 2007. "The Korea-US Free Trade Agreement: A Summary Assessment," Policy Briefs PB07-7, Peterson Institute for International Economics.
    3. Peter A. Petri & Michael G. Plummer & Fan Zhai, 2012. "The Trans-Pacific Partnership and Asia-Pacific Integration: A Quantitative Assessment," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 6642.
    4. Ben Shepherd & Gloria Pasadilla, 2012. "Services as a New Engine of Growth for ASEAN, the People’s Republic of China, and India," Development Economics Working Papers 23290, East Asian Bureau of Economic Research.
    5. Arunanondchai, Jutamas & Fink, Carsten, 2007. "Trade in health services in the ASEAN region," Policy Research Working Paper Series 4147, The World Bank.
    6. Jeffrey J. Schott, 2010. "KORUS FTA 2.0: Assessing the Changes," Policy Briefs PB10-28, Peterson Institute for International Economics.
    7. Gary Clyde Hufbauer & Jeffrey J. Schott & Woan Foong Wong, 2010. "Figuring Out the Doha Round," Peterson Institute Press: Policy Analyses in International Economics, Peterson Institute for International Economics, number pa91, October.
    8. Gootiiz, Batshur & Mattoo, Aaditya, 2009. "Services in Doha : what's on the table ?," Policy Research Working Paper Series 4903, The World Bank.
    9. Lionel Fontagné & Amélie Guillin & Cristina Mitaritonna, 2011. "Estimations of Tariff Equivalents for the Services Sectors," Working Papers 2011-24, CEPII research center.
    10. Gary Clyde Hufbauer & J. Bradford Jensen & Sherry Stephenson & Julia Muir & Martin Vieiro, 2012. "Framework for the International Services Agreement," Policy Briefs PB12-10, Peterson Institute for International Economics.
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    Citations

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    Cited by:

    1. Bernard M. Hoekman & Aaditya Mattoo, 2013. "Liberalizing Trade in Services: Lessons from Regional and WTO Negotiations," RSCAS Working Papers 2013/34, European University Institute.
    2. repec:wsi:jicepx:v:05:y:2014:i:01:n:s1793993314400067 is not listed on IDEAS
    3. Sauvé, Pierre, 2014. "Towards a plurilateral Trade in Services Agreement (TISA): Challenges and prospects," Papers 683, World Trade Institute.

    More about this item

    Keywords

    International trade; services; regional trade agreements; Association of Southeast Asian Nations; General Agreement on Trade in Services; Doha Round; Trans-Pacific Partnership; Asia-Pacific;

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • F59 - International Economics - - International Relations, National Security, and International Political Economy - - - Other
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • H70 - Public Economics - - State and Local Government; Intergovernmental Relations - - - General

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