China's Accession to the World Trade Organization : The Services Dimension
China's General Agreement on Trade in Services (GATS) commitments represent the most radical services reform program negotiated in the World Trade Organization. China has promised to eliminate over the next few years most restrictions on forei...
| Main Author: | |
|---|---|
| Format: | Policy Research Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2002/12/2082428/chinas-accession-world-trade-organization-services-dimension http://hdl.handle.net/10986/19194 |
| id |
okr-10986-19194 |
|---|---|
| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
TRADE AGREEMENTS SERVICES SERVICE EXPORTS REFORM POLICY WORLD TRADE ORGANIZATION RESTRICTIONS FOREIGN ENTERPRISES OWNERSHIP TRADE LIBERALIZATION REGULATORY REFORM TELECOMMUNICATIONS LIFE INSURANCE FOREIGN INVESTMENTS PERFORMANCE INDICATORS PRUDENTIAL REGULATIONS FINANCIAL SERVICES COMPETITIVENESS ACCOUNTING AIRPORTS AUXILIARY SERVICES BANKING SECTOR CAPITAL REQUIREMENTS CITIES COLLABORATION COMMERCIAL PRESENCE COMPETITIVE DISADVANTAGE COMPETITIVE MARKET STRUCTURES CONSUMPTION ABROAD CROSS- BORDER SUPPLY CROSS-BORDER DELIVERY CROSS-BORDER SUPPLY CURRENT COSTS DEBT DEPOSITS DIRECT INVESTMENT DISTRIBUTION NETWORKS DISTRIBUTION SERVICES DOMESTIC FIRMS DOMESTIC REGULATION DOMESTIC REGULATIONS ECONOMIES OF SCALE ENERGY SERVICES ENGINEERING SERVICES ENTRY RESTRICTIONS FINANCIAL SERVICES FIXED COSTS FOREIGN BANK FOREIGN BANKS FOREIGN CAPITAL FOREIGN ENTRY FOREIGN INVESTMENT FOREIGN OWNERSHIP FOREIGN PROVIDERS FOREIGN SERVICE SUPPLIERS FULL LIBERALIZATION GATS GOVERNMENT DEBT HEALTH SERVICES IMPORTING COUNTRY INCOME INCUMBENT SUPPLIERS INFANT INDUSTRY POLICIES INFANT INDUSTRY TYPE INSURANCE INSURANCE COMPANIES INSURANCE COMPANY INSURANCE SERVICES INSURERS INVENTORY LIBERALIZING COMMITMENTS LIBERALIZING INTENT LICENSES LIFE INSURANCE LIMITED ACCESS MARGINAL COST MARKET ACCESS MARKET ACCESS COMMITMENTS MARKET FAILURE MARKET STRUCTURE MEDICAL SERVICES MFN MFN EXEMPTIONS MODES OF SUPPLY MOST-FAVOURED-NATION NATIONAL TREATMENT NATURAL MONOPOLY NATURAL PERSONS NEW ENTRANTS NONPERFORMING LOANS POLICY RESEARCH PREFERENTIAL ACCESS PREFERENTIAL LIBERALIZATION PRESENCE OF NATURAL PERSONS PRO-COMPETITIVE REGULATION PROFESSIONAL SERVICES PROVISIONS QUANTITATIVE RESTRICTIONS QUOTA RENTS RADIO RECOGNITION AGREEMENTS REGULATORY AGENCY REGULATORY FAILURE REGULATORY FRAMEWORK REGULATORY MECHANISMS REGULATORY PRINCIPLES REGULATORY REFORM REGULATORY REQUIREMENTS RENT APPROPRIATION REVENUE SHARING ROADS SATELLITES SCALE ECONOMIES SERVICE SECTORS SERVICE SUPPLIER SERVICE SUPPLIERS SERVICE TRANSACTIONS SERVICES LIBERALIZATION SERVICES MARKETS SERVICES NEGOTIATIONS SERVICES SECTORS SERVICES TRADE SEWAGE SPILLOVERS STATE BANKS SUBSIDIARIES SUBSIDIARY TAXATION TELECOM INFRASTRUCTURE TELECOMMUNICATIONS TELECOMMUNICATIONS SECTOR TELECOMMUNICATIONS SERVICES TRADE DIVERSION TRADE IN SERVICES TRADE SERVICES TRADING PARTNERS TRANSPARENCY TRANSPORT TRANSPORT SERVICES URBAN PLANNING WTO COMPETITIVENESS |
| spellingShingle |
TRADE AGREEMENTS SERVICES SERVICE EXPORTS REFORM POLICY WORLD TRADE ORGANIZATION RESTRICTIONS FOREIGN ENTERPRISES OWNERSHIP TRADE LIBERALIZATION REGULATORY REFORM TELECOMMUNICATIONS LIFE INSURANCE FOREIGN INVESTMENTS PERFORMANCE INDICATORS PRUDENTIAL REGULATIONS FINANCIAL SERVICES COMPETITIVENESS ACCOUNTING AIRPORTS AUXILIARY SERVICES BANKING SECTOR CAPITAL REQUIREMENTS CITIES COLLABORATION COMMERCIAL PRESENCE COMPETITIVE DISADVANTAGE COMPETITIVE MARKET STRUCTURES CONSUMPTION ABROAD CROSS- BORDER SUPPLY CROSS-BORDER DELIVERY CROSS-BORDER SUPPLY CURRENT COSTS DEBT DEPOSITS DIRECT INVESTMENT DISTRIBUTION NETWORKS DISTRIBUTION SERVICES DOMESTIC FIRMS DOMESTIC REGULATION DOMESTIC REGULATIONS ECONOMIES OF SCALE ENERGY SERVICES ENGINEERING SERVICES ENTRY RESTRICTIONS FINANCIAL SERVICES FIXED COSTS FOREIGN BANK FOREIGN BANKS FOREIGN CAPITAL FOREIGN ENTRY FOREIGN INVESTMENT FOREIGN OWNERSHIP FOREIGN PROVIDERS FOREIGN SERVICE SUPPLIERS FULL LIBERALIZATION GATS GOVERNMENT DEBT HEALTH SERVICES IMPORTING COUNTRY INCOME INCUMBENT SUPPLIERS INFANT INDUSTRY POLICIES INFANT INDUSTRY TYPE INSURANCE INSURANCE COMPANIES INSURANCE COMPANY INSURANCE SERVICES INSURERS INVENTORY LIBERALIZING COMMITMENTS LIBERALIZING INTENT LICENSES LIFE INSURANCE LIMITED ACCESS MARGINAL COST MARKET ACCESS MARKET ACCESS COMMITMENTS MARKET FAILURE MARKET STRUCTURE MEDICAL SERVICES MFN MFN EXEMPTIONS MODES OF SUPPLY MOST-FAVOURED-NATION NATIONAL TREATMENT NATURAL MONOPOLY NATURAL PERSONS NEW ENTRANTS NONPERFORMING LOANS POLICY RESEARCH PREFERENTIAL ACCESS PREFERENTIAL LIBERALIZATION PRESENCE OF NATURAL PERSONS PRO-COMPETITIVE REGULATION PROFESSIONAL SERVICES PROVISIONS QUANTITATIVE RESTRICTIONS QUOTA RENTS RADIO RECOGNITION AGREEMENTS REGULATORY AGENCY REGULATORY FAILURE REGULATORY FRAMEWORK REGULATORY MECHANISMS REGULATORY PRINCIPLES REGULATORY REFORM REGULATORY REQUIREMENTS RENT APPROPRIATION REVENUE SHARING ROADS SATELLITES SCALE ECONOMIES SERVICE SECTORS SERVICE SUPPLIER SERVICE SUPPLIERS SERVICE TRANSACTIONS SERVICES LIBERALIZATION SERVICES MARKETS SERVICES NEGOTIATIONS SERVICES SECTORS SERVICES TRADE SEWAGE SPILLOVERS STATE BANKS SUBSIDIARIES SUBSIDIARY TAXATION TELECOM INFRASTRUCTURE TELECOMMUNICATIONS TELECOMMUNICATIONS SECTOR TELECOMMUNICATIONS SERVICES TRADE DIVERSION TRADE IN SERVICES TRADE SERVICES TRADING PARTNERS TRANSPARENCY TRANSPORT TRANSPORT SERVICES URBAN PLANNING WTO COMPETITIVENESS Mattoo, Aaditya China's Accession to the World Trade Organization : The Services Dimension |
| geographic_facet |
East Asia and Pacific China |
| relation |
Policy Research Working Paper;No. 2932 |
| description |
China's General Agreement on Trade
in Services (GATS) commitments represent the most radical
services reform program negotiated in the World Trade
Organization. China has promised to eliminate over the next
few years most restrictions on foreign entry and ownership,
as well as most forms of discrimination against foreign
firms. These changes are in themselves desirable. However,
realizing the gains from, and perhaps even the
sustainability of, liberalization will require the
implementation of complementary regulatory reform and the
appropriate sequencing of reforms. Three issues, in
particular, merit attention: 1) Initial restrictions on the
geographical scope of services liberalization could
encourage the further agglomeration of economic activity in
certain regions-to an extent that is unlikely to be reversed
completely by subsequent countrywide liberalization. 2)
Restrictions on foreign ownership (temporary in most sectors
but more durable in telecommunications and life insurance)
may dampen the incentives of foreign investors to improve
firm performance. 2) Improved prudential regulation and
measures to deal with the large burden of non-performing
loans on state banks are necessary to deliver the benefits
of liberalization in financial services. And in basic
telecommunications and other network-based services,
meaningful liberalization will be difficult to achieve
without strengthened pro-competitive regulation. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Mattoo, Aaditya |
| author_facet |
Mattoo, Aaditya |
| author_sort |
Mattoo, Aaditya |
| title |
China's Accession to the World Trade Organization : The Services Dimension |
| title_short |
China's Accession to the World Trade Organization : The Services Dimension |
| title_full |
China's Accession to the World Trade Organization : The Services Dimension |
| title_fullStr |
China's Accession to the World Trade Organization : The Services Dimension |
| title_full_unstemmed |
China's Accession to the World Trade Organization : The Services Dimension |
| title_sort |
china's accession to the world trade organization : the services dimension |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2002/12/2082428/chinas-accession-world-trade-organization-services-dimension http://hdl.handle.net/10986/19194 |
| _version_ |
1764439725286883328 |
| spelling |
okr-10986-191942021-04-23T14:03:43Z China's Accession to the World Trade Organization : The Services Dimension Mattoo, Aaditya TRADE AGREEMENTS SERVICES SERVICE EXPORTS REFORM POLICY WORLD TRADE ORGANIZATION RESTRICTIONS FOREIGN ENTERPRISES OWNERSHIP TRADE LIBERALIZATION REGULATORY REFORM TELECOMMUNICATIONS LIFE INSURANCE FOREIGN INVESTMENTS PERFORMANCE INDICATORS PRUDENTIAL REGULATIONS FINANCIAL SERVICES COMPETITIVENESS ACCOUNTING AIRPORTS AUXILIARY SERVICES BANKING SECTOR CAPITAL REQUIREMENTS CITIES COLLABORATION COMMERCIAL PRESENCE COMPETITIVE DISADVANTAGE COMPETITIVE MARKET STRUCTURES CONSUMPTION ABROAD CROSS- BORDER SUPPLY CROSS-BORDER DELIVERY CROSS-BORDER SUPPLY CURRENT COSTS DEBT DEPOSITS DIRECT INVESTMENT DISTRIBUTION NETWORKS DISTRIBUTION SERVICES DOMESTIC FIRMS DOMESTIC REGULATION DOMESTIC REGULATIONS ECONOMIES OF SCALE ENERGY SERVICES ENGINEERING SERVICES ENTRY RESTRICTIONS FINANCIAL SERVICES FIXED COSTS FOREIGN BANK FOREIGN BANKS FOREIGN CAPITAL FOREIGN ENTRY FOREIGN INVESTMENT FOREIGN OWNERSHIP FOREIGN PROVIDERS FOREIGN SERVICE SUPPLIERS FULL LIBERALIZATION GATS GOVERNMENT DEBT HEALTH SERVICES IMPORTING COUNTRY INCOME INCUMBENT SUPPLIERS INFANT INDUSTRY POLICIES INFANT INDUSTRY TYPE INSURANCE INSURANCE COMPANIES INSURANCE COMPANY INSURANCE SERVICES INSURERS INVENTORY LIBERALIZING COMMITMENTS LIBERALIZING INTENT LICENSES LIFE INSURANCE LIMITED ACCESS MARGINAL COST MARKET ACCESS MARKET ACCESS COMMITMENTS MARKET FAILURE MARKET STRUCTURE MEDICAL SERVICES MFN MFN EXEMPTIONS MODES OF SUPPLY MOST-FAVOURED-NATION NATIONAL TREATMENT NATURAL MONOPOLY NATURAL PERSONS NEW ENTRANTS NONPERFORMING LOANS POLICY RESEARCH PREFERENTIAL ACCESS PREFERENTIAL LIBERALIZATION PRESENCE OF NATURAL PERSONS PRO-COMPETITIVE REGULATION PROFESSIONAL SERVICES PROVISIONS QUANTITATIVE RESTRICTIONS QUOTA RENTS RADIO RECOGNITION AGREEMENTS REGULATORY AGENCY REGULATORY FAILURE REGULATORY FRAMEWORK REGULATORY MECHANISMS REGULATORY PRINCIPLES REGULATORY REFORM REGULATORY REQUIREMENTS RENT APPROPRIATION REVENUE SHARING ROADS SATELLITES SCALE ECONOMIES SERVICE SECTORS SERVICE SUPPLIER SERVICE SUPPLIERS SERVICE TRANSACTIONS SERVICES LIBERALIZATION SERVICES MARKETS SERVICES NEGOTIATIONS SERVICES SECTORS SERVICES TRADE SEWAGE SPILLOVERS STATE BANKS SUBSIDIARIES SUBSIDIARY TAXATION TELECOM INFRASTRUCTURE TELECOMMUNICATIONS TELECOMMUNICATIONS SECTOR TELECOMMUNICATIONS SERVICES TRADE DIVERSION TRADE IN SERVICES TRADE SERVICES TRADING PARTNERS TRANSPARENCY TRANSPORT TRANSPORT SERVICES URBAN PLANNING WTO COMPETITIVENESS China's General Agreement on Trade in Services (GATS) commitments represent the most radical services reform program negotiated in the World Trade Organization. China has promised to eliminate over the next few years most restrictions on foreign entry and ownership, as well as most forms of discrimination against foreign firms. These changes are in themselves desirable. However, realizing the gains from, and perhaps even the sustainability of, liberalization will require the implementation of complementary regulatory reform and the appropriate sequencing of reforms. Three issues, in particular, merit attention: 1) Initial restrictions on the geographical scope of services liberalization could encourage the further agglomeration of economic activity in certain regions-to an extent that is unlikely to be reversed completely by subsequent countrywide liberalization. 2) Restrictions on foreign ownership (temporary in most sectors but more durable in telecommunications and life insurance) may dampen the incentives of foreign investors to improve firm performance. 2) Improved prudential regulation and measures to deal with the large burden of non-performing loans on state banks are necessary to deliver the benefits of liberalization in financial services. And in basic telecommunications and other network-based services, meaningful liberalization will be difficult to achieve without strengthened pro-competitive regulation. 2014-08-01T17:19:33Z 2014-08-01T17:19:33Z 2002-12 http://documents.worldbank.org/curated/en/2002/12/2082428/chinas-accession-world-trade-organization-services-dimension http://hdl.handle.net/10986/19194 English en_US Policy Research Working Paper;No. 2932 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research East Asia and Pacific China |