Currently, financial services, like all services, are included in the new services negotiations that began in January 2000. In addition, some WTO members have made commitments in accordance with the agreement on commitments in the financial services sector. The agreement is an optional and alternative approach to specific commitments in the financial services sector. It is not part of the GATS, but it was attached to the final act of the Uruguay Round. – obligations regarding the „commercial presence“ of a foreign company (mode 3) for all financial services, bonds related to fashion 1 (services from one country to another) and fashionable 2 (consumers or companies that use a service in another country) in appropriate sub-sectors (e.g. B Financial services to demanding clients such as reinsurance, asset management and securities; Marine and energy insurance services; Providing and transmitting financial information and processing financial data) financial services proposals. In addition, some service proposals covering different sectors also include a section on financial services (Kenya, Japan and Norway). These functions include: facilitating transactions (exchanges of goods and services) in the economy; mobilizing savings (for which outlets would otherwise be much more limited); allocation of funds (including to finance productive investments); Supervisory Manager (to ensure that allocated funds are spent as planned); and transform risk (reduce by aggregation and have it carried by those who are willing to carry it). WTO secretariat background paper (1998) on financial services S/C/W/72. Consolidated information on countries` financial services commitments and exceptions is included in the services database. If you aspire to the obligations of a particular WTO member, go to „Jump to a particular sector for a particular member,“ select financial services from the industry drop-down list, select the member who is of interest and click „Go.“ To see a table showing which members have made financial services commitments, select „Look at which members have made commitments in a particular sector,“ financial services and click „Walk.“ Kalirajan, K., G. McGuire, D.
Nguyen-Hong and M. Schuele (2001), „The price impact of restrictions on banking services,“ in Findlay C. and T. Warren, eds, „Impediments to Trade in Services: Measurement and Policy Implications,“ New York: Routledge. This chapter highlights the special role of financial services in an economy and distinguishes political reform from domestic deregulation and the deregulation of the balance of capital. The impact of political reform and the benefits and risks of more global development of the financial sector, growth, income distribution and poverty will be examined. The effects of the reform include: strengthening competition at the national level; new reforms and greater regulatory transparency; Strengthening the resilience of the internal financial system to shocks; Promote the dissemination of new skills, products and technologies; facilitate access to international capital. The elements of a successful reformist trade policy are taken into account on the basis of the experience of China, Thailand and Latin America. Additional issues are identified, including the impact of foreign holdings on the financial performance of foreign equities, improved data on cross-border transactions and transparency of barriers to cross-border transactions and entry abroad, measures to mitigate the unexpected effects of liberalization, and further explanation of the reasons for obligations under the WTO Financial Services Agreement (ASA). The role of international negotiations is discussed in terms of how they can help individual countries, which can be drawn from international rules and commitments made, if there is space for improvement, if existing commitments promote desirable policies, possible reasons for renouncing commitments and issues that require research p