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Liberalisation of trade in professional services.

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Published by Organisation for Economic Co-operation and Development, OECD Publications and Information Centre, distributor] in Paris, [Washington, D.C .
Written in English

Subjects:

  • Free trade -- Congresses.,
  • Professions -- Congresses.

Book details:

Edition Notes

SeriesOECD documents
ContributionsOrganisation for Economic Co-operation and Development., OECD Workshop on Liberalisation of Trade in Professional Services (1994 : Paris, France)
Classifications
LC ClassificationsHF1713 .L48 1995
The Physical Object
Pagination202 p. ;
Number of Pages202
ID Numbers
Open LibraryOL538862M
ISBN 109264144404
LC Control Number96117531
OCLC/WorldCa33055395

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International Trade in Professional Services: Advancing Liberalisation [Organization for Economic Co-operation and Development, OECD] on *FREE* shipping on qualifying offers. Proceedings of the Third OECD Workshop on Professional Services, which examined the underlying reaons for remaining regulatory barriers to international trade and investment in professional services.   In the beginning of the year , WTO negotiations on extended liberalisation of trade in services, nicknamed "GATS ", were launched. Corporate lobbying was decisive for the coming into being of the General Agreement on Trade in Services (GATS), one of the so-called Marrakesh agreements concluded at the end of the GATT Uruguay Round in Get this from a library! International trade in professional services: advancing liberalisation through regulatory reform.. [Organisation for Economic Co-operation and Development.;]. LIBERALIZATION OF SERVICES TRADE service transactions. The outward stock of US foreign direct investment (FDI) in services amounts to $ trillion, whereas the inward stock is $ trillion. As table shows, income receipts for US outward FDI in service industries far exceed income payments on US inward FDI ($ billion versus $54 billion.

This is occurring both through partial substitution of services earlier supplied through commercial presence of foreign companies or natural persons (i.e. GATS Modes 3 and 4), like Professional, Financial, and Audio-Visual Services; and through trade in newer services like Telemedicine and R&D. The Economic Impact of Professional Services Liberalisation (2 MB) Summary for non-specialists (61 kB) Competition in professional services is, in some occasions, hindered by excessive regulation. RECOGNITION IN ASEAN: ENGINEERING SERVICES” is one of four Handbooks published by the ASEAN Secretariat to provide guidance on the liberalisation of professional services in ASEAN. Three other Handbooks in this series deal respectively with the . For the past two decades trade in services has grown faster than merchandise trade. Developing countries have a keen interest in many services areas including tourism, health and construction. According to the World Travel and Tourism Council, tourism is the world’s largest employer accounting for one in ten workers worldwide.

Trade in services, far more than trade in goods, is affected by a variety of domestic regulations, ranging from qualification and licensing requirements in professional services to pro-competitive regulation in telecommunications services. Experience shows that the quality of regulation strongly influences the consequences of trade liberalization. Trade liberalization is the reverse process of protectionism. After previous protectionist decisions, trade liberalization occurs when governments decide to move back toward free trade. Trade liberalisation is practised in various countries as a means of boosting development and growth. Traditionally, each country will have policies set which ban or restrict trading of certain goods or services across national borders. This could hamper the economy of not only that specific country but also of various other countries. For example, according to the firm-level surveys on professional services presented in the book, more than 16 percent of the interviewed accounting, architectural, engineering and legal firms in the Common Market for Eastern and Southern Africa (COMESA) countries are already engaged in exports, mainly to neighboring countries.