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Author:Mattoo, A.
Title:Financial service and the WTO: liberalisation commitments of the developing and transition economies
Journal:World Economy
2000 : MAR, VOL. 23:3, p. 351-386
Index terms:ECONOMICS
FINANCE
TRADE
Language:eng
Abstract:After failure to agree at the end of the Uruguay Round, and after reaching an interim agreement in July 1995, the negotiations on financial services in the context of the General Agreement on Trade in Services (GATS) were finally concluded in December 1997. The largest service sector, including banking, insurance and other financial services, was now fully subject to multilateral trade rules. Not only did the agreement consolidate the relatively open policies of industrial countries which account for much of world trade in financial services, it also elicited wide participation from both developing countries and countries in transition.
SCIMA record nr: 213229
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