REGULATION OF PRODUCTION FACTORS MOVEMENT IN REGIONAL TRADE AGREEMENTS IN THE CONTEXT OF WORLD TRADE IN SERVICES

Abstract

Abstract. The globalization of world economic relations is one of the main trends of our
time, which not only affects the economic life, but also has deep political and social consequences.
It covers dynamic development of the global service market, which is an integral part
of international economic relations, along with global flows of capital, goods, labor and intellectual
property. Forms of services varies significantly both in scope and volume and reaches
almost a quarter of total global exports turnover.
Regional integration processes in the service sector is a special form of multilateral regulation
of international trade in services. Deeper integration at the regional level established institutional
distribution platform for multilateral cooperation. The key issue of institutional
regulation of international trade in services is optimization of regional and global level of cooperation
based on WTO rules.
Intensification of regional and multilateral liberalization of trade in services is carried out
by transformation not only of the basic economic relations between countries, but also between
institutions that define the matrix behavior of economic agents. Therefore, the central focus of
this research within liberalization and deregulation of international trade in services is to analyze
the structure of institutional regulation and its evolution, as well as a comprehensive assessment
of economic and social consequences of this process.
Key words: global economy, international trade in services, regional trade agreements
(RTA), movement of productionfactors , WTO, GATS, liberalization of global trade in services.