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

Sauvé, Pierre; Shingal, Anirudh (December 2015). Why do Countries Enter into Preferential Agreements on Trade in Services? Assessing the Potential for Negotiated Regulatory Convergence in Asian Services Markets (ADB working paper series on regional economic integration 129). Asian Development Bank

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More than a third of the World Trade Organization (WTO)-notified services trade agreements (STAs) in effect over January 2008 - August 2015 have 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 et.al. 2012), we examine the potential for negotiated regulatory convergence in Asian services markets. Our results suggest that countries within Asia with high levels of pre-existing bilateral merchandise trade and wide differences in services regulatory frameworks are more likely candidates for STA formation. Such results lend support to the hypothesis that the heightened "servicification" of production generates a demand for the lowered service input costs resulting from negotiated market opening.

Item Type:

Working Paper

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

ISSN:

2313-5999

Series:

ADB working paper series on regional economic integration

Publisher:

Asian Development Bank

Language:

English

Submitter:

Rebecca Anne Gilgen

Date Deposited:

24 Jun 2016 11:16

Last Modified:

09 Sep 2017 09:08

Related URLs:

BORIS DOI:

10.7892/boris.83792

URI:

https://boris.unibe.ch/id/eprint/83792

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