When to commit to the WTO: That is the question!


Created 22 Jul, 1998
Categories Working Papers
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Contrary to what has been enunciated by the WTO, developing countries feel left out of world trade. There have been lots of problems with definitions and pressure on countries to adjust their current regimes without the necessary support. This paper looks briefly at the WTO as an organization, discussing its workings regarding financial services and the GATS. It also examines Barbados’ approach to the WTO in the area of financial services, zooming in on securities related to financial services. The last set of negotiations closed on December, 1997 and Barbados will strive to prepare itself to be a player in those negotiations. The WTO as an organization cannot be ignored, but Barbados’ viewpoint and that of other small states must be heard in the context of world trade services.

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