Analytical Note, December 2003
Background Note: Article VI (Domestic Regulations) with Emphasis on Paragraph 4 and the EU and Japanese Proposals.
Many subsectors within the service sector, such as infrastructure services, are regulated with the aim to ensure a certain level of quality, to protect consumers, or the environment.
Further, in the financial services sector regulation is deployed to ensure a country’s financial stability. Given the importance of regulation in services, governments are often cautious about adopting generalized rules. Acknowledging this caution, the GATS explicitly recognizes the right and need of members to enforce domestic policy objectives through regulation.
This article was tagged: Domestic Regulation, GATS, Market Access, Services, World Trade Organization (WTO)