Multilateral liberalisation of services trade

Abstract

This paper compares estimates of the gains from eliminating barriers to trade in services with those from eliminating post-Uruguay barriers remaining in the traditional areas of agriculture and manufacturing. It uses a model that incorporates a bilateral treatment of foreign direct investment, one of the key vehicles by which services are traded internationally.The model is a version of GTAP with foreign direct investment, known as FTAP.multilateral liberalisation - services trade - Uruguay Round - trade barriers - foreign direct investment - GTAP - FTAP