Why Do Economies Enter into Preferential Agreements on Trade in Services? Assessing the Potential for Negotiated Regulatory Convergence in Asian Services Markets

Sauvé, Pierre; Shingal, Anirudh (March 2016). Why Do Economies Enter into Preferential Agreements on Trade in Services? Assessing the Potential for Negotiated Regulatory Convergence in Asian Services Markets. Asian Development Review, 33(1), pp. 56-73. MIT Press 10.1162/ADEV_a_00061

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More than one-third of the World Trade Organization-notified services trade agreements that were in effect between January 2008 and August 2015 involved at least one South or Southeast Asian trading partner. Drawing on Baier and Bergstrand’s (2004) determinants of preferential trade agreements and using the World Bank’s database on the restrictiveness of domestic services regimes (Borchert, Gootiiz, and Mattoo 2012), we examine the potential for negotiated regulatory convergence in Asian services markets. Our results suggest that Asian economies with high levels of preexisting bilateral merchandise trade and wide differences in services regulatory frameworks are more likely candidates for services trade agreement formation. Such results lend support to the hypothesis that the heightened “servicification” of production generates demand for the lowered services input costs resulting from negotiated market openings.

Item Type:

Newspaper or Magazine Article

Division/Institute:

02 Faculty of Law > Department of Economic Law > World Trade Institute
10 Strategic Research Centers > World Trade Institute

UniBE Contributor:

Sauvé, Pierre and Shingal, Anirudh

Subjects:

300 Social sciences, sociology & anthropology > 320 Political science
300 Social sciences, sociology & anthropology > 330 Economics
300 Social sciences, sociology & anthropology > 340 Law

ISSN:

0116-1105

Publisher:

MIT Press

Language:

English

Submitter:

Rebecca Anne Gilgen

Date Deposited:

24 Jun 2016 10:21

Last Modified:

01 Jun 2017 12:14

Publisher DOI:

10.1162/ADEV_a_00061

Related URLs:

BORIS DOI:

10.7892/boris.83790

URI:

https://boris.unibe.ch/id/eprint/83790

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