The multilateral negotiations on banking services: Context and selected outstanding issues

The principal focus of this chapter is a set of issues relevant to North-South aspects of the current multilateral negotiations on international trade in financial services. However, many of these issues are also important to Eastern European countries, since their development of more market-oriented banking sectors and of concomitant regulatory regimes is still at a fairly early stage. The current negotiations are global in scope, and must thus also take into account matters involving primarily competition between enterprises from OECD countries in each others' markets. Some preliminary remarks may serve to highlight certain forces associated with ongoing internationalization of banking within the OECD area.

Sustainable Development Goals:

Decent Work and Economic Growth

Partnerships for the Goals