Prospects for Services Trade Negotiations

Jeffrey Schott, Minsoo Lee and Julia Muir ()
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Julia Muir: Peterson Institute for International Economics

No WP12-17, Working Paper Series from Peterson Institute for International Economics

Abstract: Trade and investment in services are difficult to measure, and the regulatory barriers that inhibit the free flow of services are hard to quantify. As a result, very little attention has been paid to dismantling barriers to services trade and investment in free trade negotiations. This paper examines what has been achieved in both regional and multilateral compacts by surveying international precedents involving Asian countries which have included services trade reforms. We then assess the prospects for services trade negotiations and explore how services trade negotiations could be pursued over the next decade through two distinct channels: the Trans-Pacific Partnership (TPP) and a plurilateral approach among groups of WTO countries. We find that in the case of developing Asia, free trade agreements have largely excluded services or have only committed to "lock in" current practices in a narrow subset of service sectors. This is also the case in agreements negotiated between developing countries, which have produced less substantial commitments to liberalize services than those negotiated between developing and developed countries. Multilateral negotiations on services have also underperformed, as substantive negotiations on services in the Doha Round never really got underway. We advocate a stronger effort by developing Asian countries to prioritize services negotiations in their regional arrangements, and to expand coverage of services in those pacts to a broad range of infrastructure services that are included in other FTAs in force or under construction in the Asia-Pacific region.

Keywords: International trade; services; regional trade agreements; Association of Southeast Asian Nations; General Agreement on Trade in Services; Doha Round; Trans-Pacific Partnership; Asia-Pacific (search for similar items in EconPapers)
JEL-codes: F10 F13 F14 F15 F23 F59 G28 H50 H70 (search for similar items in EconPapers)
Date: 2012-10
New Economics Papers: this item is included in nep-cwa, nep-int and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Working Paper: Prospects for Services Trade Negotiations (2012)
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