Trade in services constitutes one of the still unresolved problems in the Uruguay Round. What progress has been made so far in this field? Which are the remaining points at issue? What are the prospects for agreement on a comprehensive solution?

The Uruguay Round of the GATT represents a test of the adaptability and reformability of the multilateral trading system. This is particularly true with regard to trade in services, the treatment of which within GATT has been resisted (to varying degrees) by many developing countries. The...

When the General Agreement on Tariffs and Trade (GATT) was concluded in the late 1940s, there was hardly any mention of international transactions in services. At that time, the issue of international trade in services was of minor importance. In addition, attention was initially focused on...

Most developing countries have shown reluctance towards the inclusion of trade in services in the normal GATT negotiating framework, as demanded by industrialised countries. What are the reasons for their scepticism?

During the 1980s foreign direct investment (FDI) expanded remarkably. Simultaneously, the regional structure of foreign direct investment changed. This relationship is discernible among industrial countries, as well as between industrial and developing countries. Of particular importance is the...