Legal barriers to the international trade in financial services

New global trade regimes affect markets everywhere in the world. For this reason corporate financial firms which contemplate engaging in global business, are taking the agreements of the World Trade Commission and the World Trade Organisation particularly seriously. Until 1993, when the General Agre...

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Veröffentlicht in:The Comparative and international law journal of southern Africa 2001-03, Vol.34 (1), p.109-131
Hauptverfasser: van Jaarsveld, Izelde, van Jaarsveld, IL
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description New global trade regimes affect markets everywhere in the world. For this reason corporate financial firms which contemplate engaging in global business, are taking the agreements of the World Trade Commission and the World Trade Organisation particularly seriously. Until 1993, when the General Agreement on Trade and Services (GATS) was adopted, no global consensus existed on how services should be traded internationally. Since the end of 1997, when the last discussions on trade in services were completed, a number of obstacles in transporting services globally have been encountered. Key problems to the international trade of services include burdensome licensing and certificate procedures, currency controls, transfer restrictions, limits on foreign equity. selective taxation and equity participation. In this article the discussion on the legal barriers to the mobility of financial services revolves around the problems of rendering international financial (banking) services in developing countries.
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ispartof The Comparative and international law journal of southern Africa, 2001-03, Vol.34 (1), p.109-131
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source Jstor Complete Legacy; HeinOnline Law Journal Library
subjects Bank capital
Bank loans
Banking regulation
Banking services
Currency
Currency controls
Developing countries
Economic regulation
Financial services
GATS
GATT
General Agreement on Tariffs and Trade
General Agreement on Trade in Services
Global trade regimes
Interest rates
International banks
International trade
Legal barriers
Macroeconomic policies
Regulatory policies
Services
South Africa
Trade barriers
title Legal barriers to the international trade in financial services
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