Publisher's Synopsis
Until the early 1980s successive "rounds" of multilateral trade negotiations under GATT as well as regional groupings like the European Community had focused on trade in manufactured goods. Then came realization that international trade was growing in services such as banking, insurance, civil aviation, shipping, telecommunications, tourism and the professions.;As the Uruguay Round of GATT negotiations got under way in 1986, a momentum was established by the developed countries to include services in the negotiations. With the growth in trade it was recognized that rules were required to govern this trade and to ensure its continued growth.;Rodney Grey explores the applicability of existing trade rules and principles (or commercial diplomacy) to trade in services. He considers the provisions of GATT, of treaties of friendship, commerce and navigation and of codes agreed in inter-governmental organizations. He discusses national and "most-favoured nation" (MFN) treatment, reciprocity, safeguards, dispute settlement.;The book aims to provide a key contribution to the debate on the framework of principles, rules and procedures that would provide a basis on which trade restrictions in services can be liberalized and also provide a stable environment for the international growth and development of service sectors.
