67 WTO member delegates participated in the Joint Initiative on Services Domestic Regulation, which aims to reduce administrative costs and create a more transparent environment for services providers to operate in when conducting business in foreign markets. This initiative marks the first set of rules governing service regulation in nearly 25 years. The trade agreement…
WTO and World Bank launch new services trade policy database
A joint initiative between the World Bank and the WTO has led to the release of the Services Trade Policy Database (STPD), which provides information on the services trade policies and regulations applied by 68 jurisdictions in financial services, telecommunications, distribution, transport, and professional services. At the same time, the group launched the updated Services…