TRADE IN SERVICES LIBERALIZATION WITH RESPECT TO ASEAN FRAMEWORK AGREEMENT ON SERVICES
DOI:
https://doi.org/10.17721/apmv.2016.127.1.163-170Abstract
Nowadays very dynamic and ambitious structural changes transform the global
economy and international trade. Particularly noteworthy is not only the speed of global changes, but the coverage which affects almost the entire economic world.
The Association of Southeast Asian Nations economies are no exception to these trends. While their rapid growth over the past few decades, largely driven by high exports of industrial products, services sector and trade in services began to gain importance recently.
This article analyzes the volume, dynamics and structure of trade in services in the Association of Southeast Asian Nations with respect to the Framework Agreement on Trade in Services (AFAS) geography and development of free trade zones involving ASEAN.
A comprehensive analysis of trade in services of individual sectors was performed. As a factor that contributes to international trade the Framework Agreement on Trade in Services was analyzed. Moreover free trade zones involving ASEAN were pointed out. This article analyzes the importance of comprehensive measures to successfully promote trade in services both within the region and with the rest of the world.
Key words: International trade, trade in services, liberalization, ASEAN, AFAS, free trade area, FTA.
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