Economics, Econometrics and Finance
4 years ago

Uruguay Round Agreement on Services Fails to Deliver Promised Liberalization

RePEc: Research Papers in Economics
Tentative First Steps: An Assessment of the Uruguay Round Agreement on Services
Bernard Hoekman

Paper Summary

The GATS agreement on trade in services aims to set rules for international services transactions, but falls short in promoting liberalization. It doesn't effectively bind policies or encourage significant liberalization in future negotiations. The agreement needs improvements to support more extensive liberalization in the future.

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