Investment Facilitation and Mode 3 Trade in Services : Are Current Discussions Addressing the Key Issues?
Based on a novel approach to measuring the cost of trade in services for Modes 1 (cross-border supply), 2 (consumption abroad), and 4 (temporary movement of service suppliers), developed by the World Trade Organization Secretariat, this paper revie...
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okr-10986-337112022-09-20T00:12:12Z Investment Facilitation and Mode 3 Trade in Services : Are Current Discussions Addressing the Key Issues? Echandi, Roberto Sauve, Pierre INVESTMENT FACILITATION SERVICES TRADE TRADE IN SERVICES COST OF TRADE WORLD TRADE ORGANIZATION CROSS-BORDER INVESTMENT DISPUTE RESOLUTION FOREIGN DIRECT INVESTMENT Based on a novel approach to measuring the cost of trade in services for Modes 1 (cross-border supply), 2 (consumption abroad), and 4 (temporary movement of service suppliers), developed by the World Trade Organization Secretariat, this paper reviews available evidence on factors affecting trade costs for services supplied via a commercial presence in a host country market, so-called Mode 3 trade. It does so with a view to answering the question of whether the current “facilitation” agendas on services and investment proceeding at the World Trade Organization focus on the most important factors affecting Mode 3–related trade costs, by far the most important of all modes of supplying services internationally. The paper explores the policy opportunity costs arising from the decision to focus the investment facilitation agenda on matters of regulatory transparency and the streamlining of administrative procedures. It recalls how reducing regulatory heterogeneity, tackling discriminatory impediments to cross-border investment, and developing investor-state conflict management mechanisms to retain and expand investment and prevent dispute escalation -- all issues left unaddressed by ongoing negotiations -- hold important potential for reducing Mode 3 trade costs and facilitating expanded investment. 2020-05-07T18:22:29Z 2020-05-07T18:22:29Z 2020-05 Working Paper http://documents.worldbank.org/curated/en/698571588702481484/Investment-Facilitation-and-Mode-3-Trade-in-Services-Are-Current-Discussions-Addressing-the-Key-Issues http://hdl.handle.net/10986/33711 English Policy Research Working Paper;No. 9229 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
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English |
topic |
INVESTMENT FACILITATION SERVICES TRADE TRADE IN SERVICES COST OF TRADE WORLD TRADE ORGANIZATION CROSS-BORDER INVESTMENT DISPUTE RESOLUTION FOREIGN DIRECT INVESTMENT |
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INVESTMENT FACILITATION SERVICES TRADE TRADE IN SERVICES COST OF TRADE WORLD TRADE ORGANIZATION CROSS-BORDER INVESTMENT DISPUTE RESOLUTION FOREIGN DIRECT INVESTMENT Echandi, Roberto Sauve, Pierre Investment Facilitation and Mode 3 Trade in Services : Are Current Discussions Addressing the Key Issues? |
relation |
Policy Research Working Paper;No. 9229 |
description |
Based on a novel approach to measuring
the cost of trade in services for Modes 1 (cross-border
supply), 2 (consumption abroad), and 4 (temporary movement
of service suppliers), developed by the World Trade
Organization Secretariat, this paper reviews available
evidence on factors affecting trade costs for services
supplied via a commercial presence in a host country market,
so-called Mode 3 trade. It does so with a view to answering
the question of whether the current “facilitation” agendas
on services and investment proceeding at the World Trade
Organization focus on the most important factors affecting
Mode 3–related trade costs, by far the most important of all
modes of supplying services internationally. The paper
explores the policy opportunity costs arising from the
decision to focus the investment facilitation agenda on
matters of regulatory transparency and the streamlining of
administrative procedures. It recalls how reducing
regulatory heterogeneity, tackling discriminatory
impediments to cross-border investment, and developing
investor-state conflict management mechanisms to retain and
expand investment and prevent dispute escalation -- all
issues left unaddressed by ongoing negotiations -- hold
important potential for reducing Mode 3 trade costs and
facilitating expanded investment. |
format |
Working Paper |
author |
Echandi, Roberto Sauve, Pierre |
author_facet |
Echandi, Roberto Sauve, Pierre |
author_sort |
Echandi, Roberto |
title |
Investment Facilitation and Mode 3 Trade in Services : Are Current Discussions Addressing the Key Issues? |
title_short |
Investment Facilitation and Mode 3 Trade in Services : Are Current Discussions Addressing the Key Issues? |
title_full |
Investment Facilitation and Mode 3 Trade in Services : Are Current Discussions Addressing the Key Issues? |
title_fullStr |
Investment Facilitation and Mode 3 Trade in Services : Are Current Discussions Addressing the Key Issues? |
title_full_unstemmed |
Investment Facilitation and Mode 3 Trade in Services : Are Current Discussions Addressing the Key Issues? |
title_sort |
investment facilitation and mode 3 trade in services : are current discussions addressing the key issues? |
publisher |
World Bank, Washington, DC |
publishDate |
2020 |
url |
http://documents.worldbank.org/curated/en/698571588702481484/Investment-Facilitation-and-Mode-3-Trade-in-Services-Are-Current-Discussions-Addressing-the-Key-Issues http://hdl.handle.net/10986/33711 |
_version_ |
1764479352889671680 |