International Handbook on the Economics of Integration, Volume III Factor Mobility, Agriculture, Environment and Quantitative Studies
Factor Mobility, Agriculture, Environment and Quantitative Studies
- Elgar original reference
Edited by Miroslav N. Jovanović
Chapter 19: Do Economic Integration Agreements Lead to Deeper Integration of Services Markets?
19 Do economic integration agreements lead to deeper integration of services markets?1 Juan A. Marchetti 2 1 INTRODUCTION Preferential liberalisation of trade in services is not a new phenomenon, but has become a more common and prominent feature of the latest generation of bilateral preferential trade agreements (PTAs) negotiated in this decade. As of 1 September 2009, 73 economic integration agreements (EIAs) have been notified to the World Trade Organization (WTO) under Article V of the General Agreement on Trade in Services (GATS). This list includes all types of EIAs, including inter alia the successive European Union (EU) enlargements, the European Economic Area (EEA), the European Free Trade Association (EFTA), the North American Free Trade Agreement (NAFTA), the South American Common Market (MERCOSUR), the Association of South East Asian Nations (ASEAN) and more recent bilateral or plurilateral PTAs covering services. Most of those notifications arrived before the year 2000 – 61 compared to 12 before that year.3 And many more agreements are currently being negotiated. One might expect that countries entering these PTAs do so with the objective of eliminating barriers to trade in services, but more importantly, in the hope that the agreements will actually increase bilateral services trade between the parties. Lack of reliable data on trade in services (especially of bilateral flows) has made it almost impossible to carry out empirical studies of the determinants of bilateral services trade flows and – in particular – of the effects of PTAs on trade flows in services. However, the availability of...
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.