Role of Multilateral and Regional Disciplines in Services Trade Liberalization: The Case of Romania’s Banking Services

The paper indicates that, on one hand the EU was used by Romania more as a commitment device for service sector policy reform then the WTO agreement (GATS) and, on the other hand, that even if Romania has attained a high degree of services trade liberalization, as well as a significant degree of integration with the European market - illustrated on the case of banking services, it still has to undertake some efforts towards dismantling impediments to the supply of services and towards good governance of service markets.