Economics, Econometrics and Finance
4 years ago

Global services trade commitments falling short, hindering economic growth and development.

SSRN Electronic Journal
Turning Hills into Mountains? Current Commitments under the GATS and Prospects for Change
Rudolf Adlung, Martin Roy

Paper Summary

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The GATS services negotiations are not making much progress, and major changes are needed to improve current commitments. Many sectors are not included in commitments, and there are limitations on market access and national treatment. Despite potential benefits, the GATS has not met expectations. Negotiations need to focus more on market opening to achieve genuine liberalization.