Look Back to See What’s Ahead : A Review of Mega-PTAs on Services and Investment that Will Shape Future Trade Agreements
This paper draws the attention to the chapter on trade in services and investment of these agreements and their country-specific sets of commitments. This comprehensive approach is necessary as the disciplines in the text of the agreement set out t...
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| Language: | English |
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World Bank, Washington, DC
2020
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| Online Access: | http://documents.worldbank.org/curated/en/938741585116012401/Look-Back-to-See-What-s-Ahead-A-Review-of-Mega-PTAs-on-Services-and-Investment-that-will-Shape-Future-Trade-Agreements http://hdl.handle.net/10986/33553 |
| Summary: | This paper draws the attention to the
chapter on trade in services and investment of these
agreements and their country-specific sets of commitments.
This comprehensive approach is necessary as the disciplines
in the text of the agreement set out the rights and
obligations for the parties, but it is only the individual
country commitments that reveal the sectoral scope and
actual content of these PTAs. Not only do agreements differ
in how countries approach basic provisions such as national
treatment (NT), market access (MA), most favored nation
(MFN) treatment and others (see Box 1 for more details) but
the actual country commitments reveal whether countries have
liberalized certain sectors, and to which extent. Therefore
the focus of this analysis is on the services as well as the
investment chapters and commitments of these selected five
'mega-PTAs'. Overall the purpose of this paper is
to shade light on the critical aspects of the trade in
services and investment chapters of the five selected
mega-PTAs by highlighting the novelties and in particular by
analyzing the annexed commitments (Annex one and two) of
each agreement. |
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