Trade in Services
EENI - Business School.
Subject (Course): Trade in Services. General Agreement on Trade in Services (GATS). Syllabus:
- Introduction to the General Agreement on Trade in Services (GATS)
- Transparency and liberalisation in international trade in services.
- Modes of supply of trade in services
- Market access and national treatment.
- List of commitments
- The main basics: Agreement, Annexes, and Schedules
- Case Study: Trade in Services in the United States-Colombia FTA and the European Union-Mexico
- GATS and national regulations
- Doha Development
- Other questions
- Analysis of the world Trade in Services
Objectives of the subject: Trade in Services.
- To understand the importance of the General Agreement on Trade in Services (GATS)
- To understand the key concepts of trade in services: modes of supply, most-favoured-nation, liberalisation, market access, and lists of commitments
- To analyse the global market for services
Sample of the subject: World Trade in Services
Subject Description: World Trade in Services:
Since 1995 is in force the General Agreement on Trade in Services (GATS)
whose main objective is to liberalise the foreign trade in services
(exports and imports) transparently to increase world trade.
The GATS covers all exportable services (WTO identifies twelve basic sectors and 160 sub-sectors): tourism, business services, information technology, transport, finance, education, architecture, telecommunications, healthcare, insurance, construction, engineering, distribution, environmental, cultural, and sporting services)
The GATS seeks to promote trade in services of developing countries. In developed economies, the service sector accounts for an average of 70% of GDP, while in developing countries is often below 50%.
The United States is the largest global exporter of services (14% of the total), followed by UK (6%), Germany (6%), China, France, India, Japan, and Spain.
Under the General Agreement on Trade in Services (GATS) the most- favoured-nation
The General Agreement on Trade in Services (GATS) identifies four modes in the form of providing a service abroad:
- Cross-border trade
- Consumption abroad
- Commercial presence
- Presence of natural persons.
The GATS is perfectly compatible with Regional Trade Agreements (RTAs): Free Trade Agreements (FTAs)
and Economic Partnership Agreements (ACE).
In many FTAs usually we will find chapters on trade in services and labour markets so that we will analyse the US-Colombia FTA and the
The United States-Colombia Free Trade Agreement (FTA):