Services Trade in the Western Hemisphere: Liberalization, Integration, and Reform

Sherry M. Stephenson
Rowman & Littlefield, 01.12.2010 - 280 Seiten
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The services sector—including financial services, telecommunications, transportation, tourism, and professional services—has become critical to the continued economic dynamism in the Americas. And the quality and competitiveness of this sector are essential to economic growth and development. On average, services—increasingly traded in more numerous and far-reaching ways than goods—account for nearly two-thirds of the gross domestic product of the Western Hemisphere. The importance of the sector, however, is disproportionately large in Central America and the Caribbean, where it often is the major source of employment and of foreign exchange.This timely volume is the first to review and analyze trade agreements covering the services sector in the Western Hemisphere and their relationship to the General Agreement on Trade in Services (GATS), in force since 1995 as an integral part of the World Trade Organization (WTO). Negotiations on liberalizing services trade are continuing at the multilateral, the regional or hemispheric, and the subregional levels. It is imperative to understand what is being discussed and implemented at these different levels and to articulate the linkages and relationships among the various agreements and the disciplines and obligations they contain. Services Trade in the Western Hemisphere informs the reader about these issues and more. Part 1 deals with the main issues relevant to the liberalization of services trade at the multilateral and regional levels, including improvements to the GATS architecture, the scope of regulatory reform, the relationship between the treatment of services and investment, WTO requirements that must be fulfilled by parties to an economic integration agreement, and disagreements brought to the multilateral dispute settlement process. Part 2 examines the scope, content, and liberalizing approach of subregional agreements in the Western Hemisphere, such as the North American Free Trade Agreement and those promulgated by the Andean Community, as well as several bilateral free trade agreements covering services, in particular those signed by Mexico, Chile, and Central America. Part 3 evaluates the extent of liberalization of services trade achieved to date at the multilateral and subregional levels and discusses options for improvements in the context of the ongoing Free Trade Area of the Americas negotiations.


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Services Issues for the Western Hemphisphere SHERRY M STEPHENSON
Crosscutting Services Issues
Improving the Architecture of the General Agreement on Trade in Services GEZA FEKETEKUTY
Liberalization Regulation and Recognition for Services Trade KALYPSO NICOLAIDIS AND JOEL P TRACHTMAN
Making Progress on Trade and Investment Multilateral versus Regional Perspectives PIERRE SAUVE
Regional Agreements on Services in Multilateral Disciplines Interpreting and Applying GATS Article V SHERRY M STEPHENSON
Dispute Settlement in the Services Area under GATS Hector A Millian Smitmans
Services Liberalization at the Regional Level
Integration in Central America and the Liberalization of Services Trade Alvaro R Sarmiento
Andean Community Decision 439 on Services Trade Maria Esperanza Dangond
Services in the Caribbean Protocol II on Establishment Services and Capital Pamela Coke Hamilton
Challenges and Conclusions
Liberalizing Trade in Services A DevelopingCountry Perspective Eduardo Lizano
The GATS Subregional Agreements and the FTAA How Much Is Left to Be Done? Francisco Javier Prieto
Negotiating Services Agreements Challenges Ahead Maryse Robert

Mexicos Free Trade Agreements Extending NAFTAs Approach Carlos Pinera Gonzalez
Services in MERCOSUR The Protocol of Montevideo MariaAngelica Pena

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Autoren-Profil (2010)

Sherry M. Stephenson is deputy director of the Trade Unit of the Organization of American States.

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