Trade agreements and financial services / Hazel J. Johnson, Patricia M. Langley.

Format:

Book

Author/Creator:

Johnson, Hazel J.

Contributor:

Langley, Patricia M.

Language:

English

Subjects (All):

International finance.

Trade blocs.

International economic relations.

Financial services industry.

Physical Description:

1 online resource (137 p.)

Place of Publication:

River Edge, NJ : World Scientific Publishing, c2002.

Summary:

Trade Agreements and Financial Services examines the cross-border agreements that have historically been focused on the trade of merchandise goods. Increasingly, emphasis is being placed on the provision of cross-border services. Notable among these are financial services. There is a clear link between economic development and the availability of financial products. Moreover, the financial services sector is, itself, a major industry that is fueling growth. The conditions under which financial services are offered in an international context are the subject of debate in the Western Hemisphere,

Contents:

About the Authors; Preface; Contents; 1. Trade Agreements and Their Critical Elements; Introduction; GATT: The Foundations for All Trade Agreements; The Motivation for GATT; The Basic Principles; The Uruguay Round; The World Trade Organization; Regional Trade Agreements Under GATT and WTO; The Stages of Regional Integration; Financial Services under the North American Free Trade Agreement (NAFTA); Establishment of Financial Institutions; Cross Border Trade; National Treatment; Most Favored Nation Treatment; New Financial Services and Data Processing; Senior Management and Boards of Directors

TransparencyFinancial Services Committee; Dispute Settlement; Consultations; Investment Transfers; Expropriation and Compensation; Arbitration for Transfers and Expropriation; Advantages of NAFTA for Financial Services; References; 2. Financial Transactions Without Borders; Introduction; Electronic Banking; Check Clearing; Increasing Efficiencies in Check Clearing; Electronic Payments and Inter-bank Networks; Retail Applications; Bank Management Applications; Expanding Scope of Applications; Retail Banking; Trade Finance; Letters of Credit; Bills of Exchange; Forfaiting; Countertrade

Securities MarketsReferences; 3. General Agreement on Trade in Services: Agreement on Financial Services; Introduction; Background and Membership of the WTO; Current Operations of the WTO; Debate Surrounding National Sovereignty; General Agreement on Trade in Services (GATS); Multilateral Agreement; Principles of Non-Discrimination; Commitment to Continued Liberalization; Agreement on Financial Services; Scope; Specific Commitments; The Impact of Financial Services Free Trade; The Question of Sovereign Regulation; References

Appendix 3.1 The World Trade Organization Members (and Date of Membership) as of January 2 20024. Asian Pacific Economic Cooperation; Introduction; Asian Pacific Economic Cooperation (APEC); Origins and Membership of APEC; Pacific Economic Cooperation Council (PECC); Pacific Island Forum (PIF); Association of Southeast Asian Nations (ASEAN); The Outcomes of Past Intergovernmental Meetings of APEC; Blake Island Washington State US 1993; Bogor Indonesia 1994; Osaka Japan 1995; Manila The Philippines 1996; Vancouver Canada 1997; Kuala Lumpur Malaysia 1998; Auckland New Zealand 1999

Meetings of Finance Ministers of APECSlower Development of Binding Agreements; Responding to the Asian Financial Crisis; The Hanoi Plan; The Keys to Financial Integration in Asia; References; 5. Free Trade Area of The Americas; Introduction; Latin American Regional Pacts; Latin American Free Trade Area/ Latin American Integration Association; Central American Common Market; Caribbean Free Trade Association/ Caribbean Community; The Andean Group; A Shift in Focus; Mercado Comun del Sur; Group of Three; The Free Trade Area of the Americas; The Plan of Action and Capital Market Development

Tax Issues Guidelines on Capital Movements

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

ISBN:

9786611955564

9781281955562

1281955566

9789812795649

9812795642