you're reading...

Services Trade Restrictiveness

Services Trade Restrictiveness

Services Trade Restrictiveness

China has nominally implemented (USTR 2015, p. 26) most of its substantial GATS commitments. However, since these are limited as regards the commercial presence of foreign service providers on the Chinese market (mode 3), market access barriers persist including in the form of licensing, high capital requirements and foreign ownership ceilings, notably in the banking and telecommunication sectors.
Research in the telecommunications sector has established that China’s ‘minimalist’ or ‘creative’ implementation of WTO commitments has been facilitated by ambiguities in the GATS. As shown in Figure 3, China retains much higher trade restrictiveness levels than OECD countries across its service sectors. China’s slow progress in opening up its service industries has been attributed to their poor global competitiveness and market closure as a result of SOE monopolies or oligopolies.

« Previous

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: