Why do Countries enter into Preferential Agreements on Trade in Services?

April 1, 2014

This report examines the potential for negotiated regulatory convergence in Asian services markets. The results suggest that countries within Asia that are more remote from the rest of the world and that have similar economic sizes, greater differences in relative factor endowments compared to the rest of the world, common legal origins, high levels of preexisting trade, and restrictive services regulations are more likely candidates for regulatory convergence.

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Topics: SERVICES REGIONALISM REGULATORY CONVERGENCE

Regions: ASIA-PACIFIC

Authors: PIERRE SAUVÉ ANIRUDH SHINGAL

Publishing Institution: ASIAN DEVELOPMENT BANK

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