This publication examines the importance of trade in services for the integration of non-EU members into the European Single Market. Further liberalisation is found to be a critical factor to deeper integration with the enlarged EU, which accounts for a quarter of global GDP and foreign direct investment. The planned Euro-Mediterranean free trade area for goods is judged as a positive first step, but additional measures are needed for deeper integration, including liberalisation of services trade. The study gives a detailed assessment of individual sectors, including core services relating to transport, telecommunication, financial markets and electricity, as well other markets such as tourism, IT and distribution services.Another difficulty is to devise mechanisms that grand aquot;creditaquot; for services sector reforms unilaterally adopted between multilateral ... I% Schedule of Commitments : For each sector that a member decides to bind (positive list of sectors), the schedule of ... Transparency: The principle of transparency is critical to the maintenance of a rules-based trading system. ... The Doha Round, launched in 2001, is the latest round of multilateral negotiations is meant to significantly expand the scope ofanbsp;...
|Title||:||Deeper Integration and Trade in Services in the Euro-Mediterranean Region|
|Publisher||:||World Bank Publications - 2005-01|