Monday, May 26, 2008
The Chair of the WTO Council for Trade in Services issued a report on May 26, 2008 on the elements needed to complete the services negotiations in the Doha Round. The report includes a draft services text for possible adoption by WTO members. Legal services are included in one of the areas in which countries will be encouraged to liberalize services. Click here for a short summary from the WTO, the text of the report, and the annex with the draft language for the resolution.
The same link also includes a sidebar with a useful breakdown that you might find useful for your teaching notes for lectures next year. The sidebar explains the four modes of providing services internationally:
- Mode 1: services supplied from one country to another, such as international telephone calls ("cross-border supply");
- Mode 2: consumers or firms making use of a service in another country, such as tourism ("consumption abroad");
- Mode 3: a foreign company setting up subsidiaries or branches to provide services in another country ("commercial presence"); and
- Mode 4: individuals traveling from their own country to provide services in another, such as fashion modeling or consulting ("presence of natural persons").