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Investment Facilitation and Mode 3 Trade in Services: Are Current Discussions Addressing the Key Issues?

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dc.contributor.authorEchandi, Roberto
dc.contributor.authorSauve, Pierre
dc.date.accessioned2020-05-07T18:22:29Z
dc.date.available2020-05-07T18:22:29Z
dc.date.issued2020-05
dc.description.abstractBased on a novel approach to measuring the cost of trade in services for Modes 1 (cross-border supply), 2 (consumption abroad), and 4 (temporary movement of service suppliers), developed by the World Trade Organization Secretariat, this paper reviews available evidence on factors affecting trade costs for services supplied via a commercial presence in a host country market, so-called Mode 3 trade. It does so with a view to answering the question of whether the current “facilitation” agendas on services and investment proceeding at the World Trade Organization focus on the most important factors affecting Mode 3–related trade costs, by far the most important of all modes of supplying services internationally. The paper explores the policy opportunity costs arising from the decision to focus the investment facilitation agenda on matters of regulatory transparency and the streamlining of administrative procedures. It recalls how reducing regulatory heterogeneity, tackling discriminatory impediments to cross-border investment, and developing investor-state conflict management mechanisms to retain and expand investment and prevent dispute escalation -- all issues left unaddressed by ongoing negotiations -- hold important potential for reducing Mode 3 trade costs and facilitating expanded investment.en
dc.identifierhttp://documents.worldbank.org/curated/en/698571588702481484/Investment-Facilitation-and-Mode-3-Trade-in-Services-Are-Current-Discussions-Addressing-the-Key-Issues
dc.identifier.doi10.1596/1813-9450-9229
dc.identifier.urihttps://hdl.handle.net/10986/33711
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 9229
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectINVESTMENT FACILITATION
dc.subjectSERVICES TRADE
dc.subjectTRADE IN SERVICES
dc.subjectCOST OF TRADE
dc.subjectWORLD TRADE ORGANIZATION
dc.subjectCROSS-BORDER INVESTMENT
dc.subjectDISPUTE RESOLUTION
dc.subjectFOREIGN DIRECT INVESTMENT
dc.titleInvestment Facilitation and Mode 3 Trade in Servicesen
dc.title.subtitleAre Current Discussions Addressing the Key Issues?en
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleInvestment Facilitation and Mode 3 Trade in Services: Are Current Discussions Addressing the Key Issues ?
okr.date.disclosure2020-05-05
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/698571588702481484/Investment-Facilitation-and-Mode-3-Trade-in-Services-Are-Current-Discussions-Addressing-the-Key-Issues
okr.guid698571588702481484
okr.identifier.doi10.1596/1813-9450-9229
okr.identifier.doihttps://doi.org/10.1596/1813-9450-9229
okr.identifier.externaldocumentum090224b0878d2ad1_1_0
okr.identifier.internaldocumentum32011366
okr.identifier.reportWPS9229
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/698571588702481484/pdf/Investment-Facilitation-and-Mode-3-Trade-in-Services-Are-Current-Discussions-Addressing-the-Key-Issues.pdfen
okr.statistics.combined2776
okr.statistics.dr698571588702481484
okr.statistics.drstats1932
okr.topicTransport::Transport Services
okr.topicInternational Economics and Trade::Foreign Direct Investment
okr.topicInternational Economics and Trade::Trade Facilitation
okr.topicInternational Economics and Trade::Trade Finance and Investment
okr.topicInternational Economics and Trade::Trade and Services
okr.topicInternational Economics and Trade::World Trade Organization
okr.unitMacroeconomics, Trade and Investment Global Practice
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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