Deep Services Trade Agreements and their Effect on Trade and Value Added

The majority of services trade is currently transacted under the terms of preferential trade agreements (PTAs) with increasingly ambitious provisions on crossborder trade and investment in services. This paper exploits novel and detailed informatio...

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Main Authors:	Borchert, Ingo, Di Ubaldo, Mattia
Format:	Working Paper
Language:	English
Published:	World Bank, Washington, DC 2021
Subjects:	SERVICES TRADE PREFERENTIAL TRADE AGREEMENTS DEEP TRADE AGREEMENT VALUE ADDED REGIONAL INTEGRATION SERVICES INVESTMENT
Online Access:	http://documents.worldbank.org/curated/en/160671617299704629/Deep-Services-Trade-Agreements-and-their-Effect-on-Trade-and-Value-Added http://hdl.handle.net/10986/35403

id	okr-10986-35403
recordtype	oai_dc
spelling	okr-10986-354032022-09-20T00:09:06Z Deep Services Trade Agreements and their Effect on Trade and Value Added Borchert, Ingo Di Ubaldo, Mattia SERVICES TRADE PREFERENTIAL TRADE AGREEMENTS DEEP TRADE AGREEMENT VALUE ADDED REGIONAL INTEGRATION SERVICES INVESTMENT The majority of services trade is currently transacted under the terms of preferential trade agreements (PTAs) with increasingly ambitious provisions on crossborder trade and investment in services. This paper exploits novel and detailed information on the architecture and depth of services PTAs (the World Bank Deep Trade Agreements 2.0 database) to study which provisions, or policy configurations, characterise an effective agreement. The richness of policy information is crucial for being able to identify those aspects that matter most, namely an agreement's structure, its rules of origin for firms and natural persons, and provisions that ensure accountability. Ambitious provisions in these areas are associated with 15-65 percent higher bilateral trade, driven by regulation-intensive services. Services PTAs also lead to an increase in services value added sourced from PTA partners, through provisions that facilitate the exchange of capital and people. This finding sheds light on how services PTAs can affect the configuration of value chain trade. 2021-04-08T15:56:32Z 2021-04-08T15:56:32Z 2021-04 Working Paper http://documents.worldbank.org/curated/en/160671617299704629/Deep-Services-Trade-Agreements-and-their-Effect-on-Trade-and-Value-Added http://hdl.handle.net/10986/35403 English Policy Research Working Paper;No. 9608 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
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	SERVICES TRADE PREFERENTIAL TRADE AGREEMENTS DEEP TRADE AGREEMENT VALUE ADDED REGIONAL INTEGRATION SERVICES INVESTMENT
spellingShingle	SERVICES TRADE PREFERENTIAL TRADE AGREEMENTS DEEP TRADE AGREEMENT VALUE ADDED REGIONAL INTEGRATION SERVICES INVESTMENT Borchert, Ingo Di Ubaldo, Mattia Deep Services Trade Agreements and their Effect on Trade and Value Added
relation	Policy Research Working Paper;No. 9608
description	The majority of services trade is currently transacted under the terms of preferential trade agreements (PTAs) with increasingly ambitious provisions on crossborder trade and investment in services. This paper exploits novel and detailed information on the architecture and depth of services PTAs (the World Bank Deep Trade Agreements 2.0 database) to study which provisions, or policy configurations, characterise an effective agreement. The richness of policy information is crucial for being able to identify those aspects that matter most, namely an agreement's structure, its rules of origin for firms and natural persons, and provisions that ensure accountability. Ambitious provisions in these areas are associated with 15-65 percent higher bilateral trade, driven by regulation-intensive services. Services PTAs also lead to an increase in services value added sourced from PTA partners, through provisions that facilitate the exchange of capital and people. This finding sheds light on how services PTAs can affect the configuration of value chain trade.
format	Working Paper
author	Borchert, Ingo Di Ubaldo, Mattia
author_facet	Borchert, Ingo Di Ubaldo, Mattia
author_sort	Borchert, Ingo
title	Deep Services Trade Agreements and their Effect on Trade and Value Added
title_short	Deep Services Trade Agreements and their Effect on Trade and Value Added
title_full	Deep Services Trade Agreements and their Effect on Trade and Value Added
title_fullStr	Deep Services Trade Agreements and their Effect on Trade and Value Added
title_full_unstemmed	Deep Services Trade Agreements and their Effect on Trade and Value Added
title_sort	deep services trade agreements and their effect on trade and value added
publisher	World Bank, Washington, DC
publishDate	2021
url	http://documents.worldbank.org/curated/en/160671617299704629/Deep-Services-Trade-Agreements-and-their-Effect-on-Trade-and-Value-Added http://hdl.handle.net/10986/35403
_version_	1764482954741940224

Deep Services Trade Agreements and their Effect on Trade and Value Added

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