Regulatory Cooperation, Aid for Trade and the General Agreement on Trade in Services

This paper discusses what could be done to expand services trade and investment through a multilateral agreement in the World Trade Organization. A distinction is made between market access liberalization and the regulatory preconditions for benefi...

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Bibliographic Details
Main Authors:	Hoekman, Bernard, Mattoo, Aaditya
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCESS TO SERVICE MARKETS ADVERSE EFFECT AGREEMENT ON TRADE AGRICULTURE ASYMMETRIC INFORMATION AUDITS AUTONOMY BANK REGULATION BARRIERS TO ENTRY BARRIERS TO INVESTMENT BEST MARKET BILATERAL APPROACH BUSINESS PRACTICE BUSINESS SERVICES CAPACITY BUILDING COLLATERAL COMMERCIAL PRESENCE COMPARATIVE ADVANTAGE COMPETITIVE MARKET COMPETITIVE MARKET STRUCTURES COMPETITIVENESS COMPETITIVENESS OF FIRMS CONCESSIONS CONSUMERS CORE BUSINESS COUNTRY MARKETS CRITICAL MASS CROSS-BORDER TRADE DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING COUNTRY MARKETS DEVELOPMENT ASSISTANCE DEVELOPMENT ECONOMICS DEVELOPMENT STRATEGIES DISTRIBUTION SERVICES DOHA DEVELOPMENT AGENDA DOMESTIC REGULATION DOMESTIC SUPPLY ECONOMIC DEVELOPMENT ECONOMIC INTEGRATION ECONOMIC OUTCOMES ECONOMIC PERFORMANCE ECONOMIC SITUATION ECONOMIC SIZE ECONOMIES OF SCALE ECONOMY-WIDE BENEFITS EFFECTIVE MARKET ACCESS EMERGING ECONOMIES EMERGING MARKETS ENERGY SERVICES ENFORCEMENT OF CONTRACTS EXPORT GROWTH EXPORT MARKETS EXPORT OPPORTUNITIES EXPORTERS EXPORTS EXTERNALITIES FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SERVICES FIXED COSTS FOREIGN ENTRY FOREIGN EXCHANGE FOREIGN FIRMS FOREIGN INVESTORS FOREIGN MARKETS FOREIGN PROVIDERS FOREIGN SERVICES GATS GDP GLOBAL MARKETPLACE GLOBAL TRADE GROWTH RATE HOME COUNTRIES HOME COUNTRY IMPACT OF TRADE IMPERFECT COMPETITION IMPORTANCE OF SERVICES IMPORTING COUNTRY INCOME INCOMES INCUMBENT PROVIDER INDUSTRIAL COUNTRY INFORMATION SERVICES INFORMATION TECHNOLOGY INSTITUTIONAL CAPACITY INTANGIBLE INTERNATIONAL COOPERATION INTERNATIONAL MARKET INTERNATIONAL TRADE INTERNATIONAL TRADE IN SERVICES INTERNATIONAL TRANSACTIONS INTERNATIONAL TRANSACTIONS IN SERVICES INTERNATIONAL TRANSPORT INVESTMENT BARRIERS INVESTMENT CLIMATE INVESTMENT LIBERALIZATION ITC JOINT VENTURE LDCS LIBERALIZATION LIBERALIZATION OF TRADE LIBERALIZATION OF TRADE IN GOODS LIBERALIZING COMMITMENTS LIBERALIZING TRADE LIMITED ACCESS MARKET ACCESS MARKET ACCESS COMMITMENTS MARKET FAILURES MARKET STRUCTURES MERCANTILISM MFN MFN EXEMPTIONS MODES OF SUPPLY MONEY LAUNDERING MULTILATERAL AGREEMENT MULTILATERAL DEVELOPMENT MULTILATERAL LIBERALIZATION MULTILATERAL NEGOTIATIONS MULTILATERAL RULES MULTILATERAL TRADE MULTILATERAL TRADING SYSTEM NATIONAL TREATMENT NATIONAL WELFARE NATURAL PERSONS NECESSARY REGULATORY OPENNESS OUTSOURCING PER CAPITA INCOME POLITICAL ECONOMY POSITIVE EFFECTS PRIVATIZATION PRO-COMPETITIVE REGULATION PROFESSIONAL SERVICES PROVISION OF SERVICES RECIPROCITY RECOGNITION AGREEMENTS REGIONAL TRADE REGIONAL TRADE AGREEMENTS REGULATOR REGULATORS REGULATORY AUTHORITIES REGULATORY BODIES REGULATORY CONSTRAINTS REGULATORY MECHANISMS REGULATORY REQUIREMENTS REGULATORY STANDARDS REMOTE AREAS REVERSE AUCTION SECURITY CONCERNS SERVICE QUALITY SERVICE SECTORS SERVICES CONTEXT SERVICES INDUSTRIES SERVICES LIBERALIZATION SERVICES MARKETS SERVICES NEGOTIATIONS SERVICES PROVIDERS SERVICES SECTOR SERVICES SECTORS SERVICES SUPPLIERS SERVICES TRADE SKILLED WORKERS SMALL ENTERPRISES TARIFF EQUIVALENTS TAX TECHNICAL ASSISTANCE TECHNOLOGICAL CHANGE TECHNOLOGICAL CHANGES TELECOMMUNICATIONS TELECOMMUNICATIONS NETWORKS TRADE AGREEMENTS TRADE BARRIERS TRADE FINANCE TRADE IN SERVICES TRADE LIBERALIZATION TRADE POLICIES TRADE POLICY TRADE REFORMS TRADING PARTNERS TRADING SYSTEM TRANSACTION COSTS TRANSACTIONS COSTS TRANSITION ECONOMIES TRANSPARENCY TRANSPORT COSTS TRANSPORT SERVICES TRANSPORTATION SERVICES TRAVEL SERVICES UNILATERAL REFORMS UNIVERSAL ACCESS UNIVERSAL SERVICE URUGUAY ROUND VOTERS WORLD ECONOMY WORLD TRADE WORLD TRADE ORGANIZATION WTO
Online Access:	http://documents.worldbank.org/curated/en/2007/12/8890090/regulatory-cooperation-aid-trade-general-agreement-trade-services http://hdl.handle.net/10986/7527

Description
Summary:	This paper discusses what could be done to expand services trade and investment through a multilateral agreement in the World Trade Organization. A distinction is made between market access liberalization and the regulatory preconditions for benefiting from market opening. The authors argue that prospects for multilateral services liberalization would be enhanced by making national treatment the objective of World Trade Organization services negotiations, thereby clarifying the scope of World Trade Organization commitments for regulators. Moreover, liberalization by smaller and poorer members of the World Trade Organization would be facilitated by complementary actions to strengthen regulatory capacity. If pursued as part of the operationalization of the World Trade Organization's 2006 Aid for Trade taskforce report, the World Trade Organization could become more relevant in promoting not just services liberalization but, more importantly, domestic reforms of services policies.

Regulatory Cooperation, Aid for Trade and the General Agreement on Trade in Services

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