Trade accord in financial services: pros and cons
At the end of the Uruguay Round of multilateral trade negotiations in 1993, negotiations on trade in financial services remained incomplete. An interim agreement was concluded in July 1995 and negotiations were reopened in April 1997. A new and improved set of commitments regarding financial services under the General Agreement of Trade in Services (GATS) was agreed on 12 December 1997. Being a new international agreement, the GATS has limitations and shortcomings. Although these have been...[Show more]
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