Financial Services Negotiations Under the General Agreement on Trade in Services (GATS)

Financial Services Negotiations Under the General Agreement on Trade in Services (GATS)

Author: United States Congress Senate Comm

Publisher: Legare Street Press

Published: 2022-10-27

Total Pages: 0

ISBN-13: 9781018605043

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Financial Services Negotiations Under the General Agreement on Trade in Services (Gats)

Financial Services Negotiations Under the General Agreement on Trade in Services (Gats)

Author: Banking Housing Comm, And

Publisher: Forgotten Books

Published: 2018-02-13

Total Pages: 98

ISBN-13: 9780484237789

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Excerpt from Financial Services Negotiations Under the General Agreement on Trade in Services (Gats): Hearing Before the Committee on Banking, Housing, and Urban Affairs, United State Senate, One Hundred Fourth Congress, First Session, on the Status of the Financial Services Negotiations Opening statement of Chairman d'amato Opening statements, comments, or prepared statements of. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.


WTO - Trade in Services

WTO - Trade in Services

Author: RĂ¼diger Wolfrum

Publisher: BRILL

Published: 2008-02-28

Total Pages: 816

ISBN-13: 904742736X

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With the establishment of the WTO, trade in services became part of the world trade order. Volume 6 is dedicated to these rather recent developments. It covers the core agreement, the General Agreement on Trade in Services (GATS) with annexes, as well as the additional instruments , which have been adopted later on to govern the liberalization in specific sectors. Those are the Understanding on Commitments in Financial Services, the Second Protocol on Financial Services, the Third Protocol on the Movement of Natural Persons, the Fourth Protocol on Basic Telecommunications and the Fifth Protocol, which contains further rules for financial services. This volume will be a valuable reference tool for the WTO community as a whole, as well as for professionals and researchers, who deal with one of the sectors concerned, e.g. financial services and telecommunications. Furthermore, it is highly relevant in view of those sectors, which are the subject of ongoing liberalization efforts or earmarked for future negotiations, namely accounting, legal services, transport, tourism, environmental services, legal and educational services.


Financial Services Negotiations Under the General Agreement on Trade in Services (Gats)

Financial Services Negotiations Under the General Agreement on Trade in Services (Gats)

Author: Prof. K. D. Raju

Publisher:

Published: 2005

Total Pages: 21

ISBN-13:

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Financial services are one of the sectors to be opened under the Agreement on Trade in Services (GATS) entered into force on 1 January 1995 along with other WTO Agreements. In the multilateral negotiations developed countries are taken a two-track approach to the liberalization of their financial markets. Developing countries were reluctant to open their markets fully and open for multinational companies. The movement of persons under Mode 4 services are still a stumbling block in the negotiations. The present article intended to analyse the status of financial negotiations in the WTO and examines the performance of Indian banking and insurance sectors and Indian commitments in the WTO. The study concludes that domestic reforms are vital for the full integration of the financial markets in most of the developing countries including India.


Business Guide to the General Agreement on Trade in Services

Business Guide to the General Agreement on Trade in Services

Author: Commonwealth Secretariat

Publisher: Commonwealth Secretariat

Published: 2000

Total Pages: 256

ISBN-13: 9780850925418

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The General Agreement on Trade in Services (GATS) is a historical agreement covering a wide range of international service transactions. In support of further trade negotiations, the Guide also highlights issues in which the business community may wish to provide input as preparations for trade negotiations move forward.


The World Trade Organization and Trade in Services

The World Trade Organization and Trade in Services

Author: Kern Alexander

Publisher: BRILL

Published: 2008

Total Pages: 1025

ISBN-13: 9004162445

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The World Trade Organisation plays the primary role in regulating international trade in goods, services and intellectual property. Traditionally, international trade law and regulation has been analysed primarily from the trade-in-goods perspective. Services are becoming an important competence for the WTO. The institutional, legal and regulatory influence of the General Agreement on Trade in Services (GATS) on domestic economic policymaking is attracting increasing attention in the academic and policymaking literature. The growing importance of services trade to the global economy makes the application of the GATS to trade in services an important concern of international economic policy. The GATS contains important innovations that build on the former GATT and existing WTO/GATT trade regime for goods. This book fills a void in the academic and policymaking literature by examining how the GATS governs international trade in services and its growing impact on the regulatory practice of WTO member states. It offers a unique discussion of the major is-sues confronting WTO member states by analysing the GATS and related international trade issues from a variety of perspectives that include law, political economy, regulation, and business. Moreover, the role of the WTO in promoting liberalised trade and economic development has come under serious strain because of the breakdown of the Doha Development Round negotiations. The book analyses the issues in the Doha services debate with some suggested policy approaches that might help build a more durable GATS framework. The book is a welcomed addition to the WTO literature and will serve as a point of reference for academics, policymakers andpractitioners.


The Prudential Carve-Out for Financial Services

The Prudential Carve-Out for Financial Services

Author: Carlo Maria Cantore

Publisher: Cambridge University Press

Published: 2018-06-28

Total Pages: 545

ISBN-13: 1108244904

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The World Trade Organization's General Agreement on Trade in Services (GATS) sets out a framework and rules for the liberalization of international trade in services. Paragraph 2(a) of the GATS Annex on Financial Services is generally known as the Prudential Carve-Out (PCO). Notwithstanding GATS obligations, it allows WTO Members to pursue prudential regulatory objectives. This book studies the GATS PCO in light of its negotiating history and economic rationale as well as PCOs in all preferential trade agreements notified to the WTO Secretariat up to the summer of 2017. The author clarifies the state of play of international cooperation on financial services regulation; provides a current understanding of the GATS PCO; analyses how PCOs are drafted in preferential trade agreements and, finally, he seeks to understand whether alternative approaches to the mainstream understanding of the PCO are possible and suggests options for reform.


Reference Note on Trade in Financial Services

Reference Note on Trade in Financial Services

Author: International Monetary Fund. Strategy, Policy, & Review Department

Publisher: International Monetary Fund

Published: 2010-07-09

Total Pages: 17

ISBN-13: 149833685X

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This note addresses key issues with respect to trade policy in financial services and its linkages to capital flows, and prudential regulations and supervision under the General Agreement on Trade in Services (GATS), preferential trade agreements (PTAs), and bilateral investment treaties (BITs). The note should help inform the advice that country teams provide on such issues in the context of surveillance, program negotiations, and technical assistance. It is a response to the Executive Board’s call for guidance in this area stemming from the 2009 IEO Evaluation of IMF Involvement in International Trade Policy Issues.


Financial Services and Preferential Trade Agreements

Financial Services and Preferential Trade Agreements

Author: Mona Haddad

Publisher: World Bank Publications

Published: 2010-06-09

Total Pages: 348

ISBN-13: 0821383124

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This book fills a large gap in the literature on trade in services. It focuses on the dynamics of trade and investment liberalization in a sector of considerable technical and regulatory complexity financial services. This volume chronicles the recent experiences of governments in Latin America that have successfully completed financial services negotiations through preferential trade agreements. One of the unique features of this book is the three in-depth country case studies Chile, Colombia, and Costa Rica all written by trade experts who led the negotiations of their respective countries in financial services. The authors offer analytical insights into the substantive content of the legal provisions governing financial market opening and the way such provisions have evolved over time and across negotiating settings. The studies describe how each of the three governments organized the conduct of negotiations in the sector, the extent of preparatory work undertaken before and during negotiations, and the negotiating road maps that were put in place to guide negotiators. Additional chapters complement the case studies by examining the evolving architecture of trade and investment disciplines in financial services and how best to prepare for negotiations in this sector. 'Financial Services and Preferential Trade Agreements' aims to provide practical lessons for policy makers, trade experts, and negotiators in developing countries who are involved in negotiating trade in financial services in the context of regional trade agreements. Academics and development practitioners interested in trade negotiations will also find the information valuable.