(GATS) at the World Trade Organization (WTO). It shows that the negotiations have contributed to more stable and transparent …

world trade. However, its potential remains constrained by a variety of barriers: trade costs are estimated to be almost … double those in goods, and more than 40% of trade costs are accounted for by regulation-related factors. Regulatory measures … disciplines in the context of the Joint Initiative on Services Domestic Regulation. …

complement other policies, including financial regulation. Secondly, even in countries where the financial system is weak, and …

Measures such as prohibitions, export licences and restrictions assist in risk management and the regulation of trade …