Barriers to the EU Single Services Market
The EU has the most developed liberalization mechanism in services trade within the framework of an economic bloc. The system of supranational institutions, which decisions are binding upon member states, contributes to a high level of liberalization of trade in services in the EU. However, the crea...
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| Language: | English |
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MGIMO University Press
2015-04-01
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| Series: | Vestnik MGIMO-Universiteta |
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| Online Access: | https://www.vestnik.mgimo.ru/jour/article/view/335 |
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| author | O. V. Biryukova |
| author_facet | O. V. Biryukova |
| author_sort | O. V. Biryukova |
| collection | DOAJ |
| description | The EU has the most developed liberalization mechanism in services trade within the framework of an economic bloc. The system of supranational institutions, which decisions are binding upon member states, contributes to a high level of liberalization of trade in services in the EU. However, the creation of a single market for services hasn't completed at all. The reasons are following: not all basic principles for single market are fully applied, and a service is a very specific object for international trade. Financial-economic crisis caused a new wave of protectionism in different countries, which has reflected in the preservation of old and the emergence of new barriers to trade in services within the EU. Integration of services in the Union is accompanied by important trade initiatives at the multilateral level. In the World Trade Organization EU countries negotiate a new agreement on trade in services, and offer provisions which providing transparency, deepening liberalization and investor protection for foreign investors in the market, will also complement and foster the Transatlantic Trade and Investment Partnership (TTIP) EU - USA. Russia is only the fourth among most important partners of the EU in trade in services. At the same time the European Union remains a key Russian partner in trade in services and in goods. There is a considerable potential for growth in this sphere for both partners. |
| format | Article |
| id | doaj-art-a73850f082ad4dd4be14cbb2742362d6 |
| institution | Kabale University |
| issn | 2071-8160 2541-9099 |
| language | English |
| publishDate | 2015-04-01 |
| publisher | MGIMO University Press |
| record_format | Article |
| series | Vestnik MGIMO-Universiteta |
| spelling | doaj-art-a73850f082ad4dd4be14cbb2742362d62025-01-30T12:16:12ZengMGIMO University PressVestnik MGIMO-Universiteta2071-81602541-90992015-04-0102(41)18619510.24833/2071-8160-2015-2-41-186-195335Barriers to the EU Single Services MarketO. V. Biryukova0National Research University «Higher School of Economics»The EU has the most developed liberalization mechanism in services trade within the framework of an economic bloc. The system of supranational institutions, which decisions are binding upon member states, contributes to a high level of liberalization of trade in services in the EU. However, the creation of a single market for services hasn't completed at all. The reasons are following: not all basic principles for single market are fully applied, and a service is a very specific object for international trade. Financial-economic crisis caused a new wave of protectionism in different countries, which has reflected in the preservation of old and the emergence of new barriers to trade in services within the EU. Integration of services in the Union is accompanied by important trade initiatives at the multilateral level. In the World Trade Organization EU countries negotiate a new agreement on trade in services, and offer provisions which providing transparency, deepening liberalization and investor protection for foreign investors in the market, will also complement and foster the Transatlantic Trade and Investment Partnership (TTIP) EU - USA. Russia is only the fourth among most important partners of the EU in trade in services. At the same time the European Union remains a key Russian partner in trade in services and in goods. There is a considerable potential for growth in this sphere for both partners.https://www.vestnik.mgimo.ru/jour/article/view/335european uniontrade barrierssingle services marketservice tradeintegrationtelecommunicationstransportgovernment procurement market |
| spellingShingle | O. V. Biryukova Barriers to the EU Single Services Market Vestnik MGIMO-Universiteta european union trade barriers single services market service trade integration telecommunications transport government procurement market |
| title | Barriers to the EU Single Services Market |
| title_full | Barriers to the EU Single Services Market |
| title_fullStr | Barriers to the EU Single Services Market |
| title_full_unstemmed | Barriers to the EU Single Services Market |
| title_short | Barriers to the EU Single Services Market |
| title_sort | barriers to the eu single services market |
| topic | european union trade barriers single services market service trade integration telecommunications transport government procurement market |
| url | https://www.vestnik.mgimo.ru/jour/article/view/335 |
| work_keys_str_mv | AT ovbiryukova barrierstotheeusingleservicesmarket |