Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE ( © Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy and Legal Notice).

date: 23 January 2020

Abstract and Keywords

This article explores trade in services. In contrast to non-agricultural market access and agriculture, for example, services is a relatively new area for the multilateral trading system, and the General Agreement on Trade in Services (GATS) is a young and incomplete agreement. Moreover, market access offers in the Doha Round compare poorly against the autonomous moves towards trade liberalization taken on by members. The article explores the reasons for this, and further analyses why, notwithstanding the poor substance of offers under GATS, a lot has happened in terms of liberalization at the ground level. In doing so, it also takes into account the implications of services liberalization as part of bilateral investment treaties and preferential trade agreements (PTAs). While services PTAs might be less trade distorting than their counterparts in merchandise trade, they generate several important costs in the form of their ‘GATS-minus’ commitments, as well as the deflection of resources away from the multilateral process. The article also considers the consequences of the GATS for rule making in the World Trade Organization.

Keywords: trade in services, multilateral trading system, General Agreement, bilateral investment treaties, preferential trade agreements, trade liberalization, rule making

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.