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The Prudential Carve-Out for Financial Services: Rationale and Practice in the GATS and Preferential Trade Agreements: Cambridge International Trade and Economic Law

Autor Carlo Maria Cantore
en Limba Engleză Hardback – 27 iun 2018
The World Trade Organization's General Agreement on Trade in Services (GATS) sets out a framework and rules for the liberalization of international trade in services. Paragraph 2(a) of the GATS Annex on Financial Services is generally known as the Prudential Carve-Out (PCO). Notwithstanding GATS obligations, it allows WTO Members to pursue prudential regulatory objectives. This book studies the GATS PCO in light of its negotiating history and economic rationale as well as PCOs in all preferential trade agreements notified to the WTO Secretariat up to the summer of 2017. The author clarifies the state of play of international cooperation on financial services regulation; provides a current understanding of the GATS PCO; analyses how PCOs are drafted in preferential trade agreements and, finally, he seeks to understand whether alternative approaches to the mainstream understanding of the PCO are possible and suggests options for reform.
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Specificații

ISBN-13: 9781108415767
ISBN-10: 1108415768
Pagini: 282
Ilustrații: 5 b/w illus. 5 tables
Dimensiuni: 156 x 235 x 18 mm
Greutate: 0.53 kg
Editura: Cambridge University Press
Colecția Cambridge University Press
Seria Cambridge International Trade and Economic Law

Locul publicării:Cambridge, United Kingdom

Cuprins

1. The subject matter of the study; 2. International cooperation on financial services and prudential measures: WTO and beyond; 3. The current understanding of the GATS PCO; 4. Prudential Carve-Outs in Preferential Trade Agreements; 5. A possible alternative approach; 6. Suggestions for reform.

Notă biografică


Descriere

Studies the GATS prudential carve-out as well as prudential carve-outs in preferential trade agreements.