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Eyes on Trade

Public Citizen's Global Trade Watch blog on globalization and trade

 

What's New – Global Trade Watch

  • March 14: On Unhappy Fifth Anniversary of U.S.-Korea Free Trade Agreement, Deficit With Korea Has Doubled as U.S. Exports Fell, Imports Soared
  • February 28: Bait & Switch: Trump Trade Plans to “Bring American Jobs Back” as Promised in Campaign Notably MIA in Speech.

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Public Citizen | WTO Financial Services Provisions - WTO Financial Services Provisions

WTO Financial Services Provisions

Around the world, there are calls for expansive new global financial services regulations to address the current global economic crisis. But there is a seeming total lack of awareness that most of the world's countries are bound to expansive World Trade Organization (WTO) financial services deregulation requirements. These terms locked in domestically, and exported internationally, the model of extreme financial service deregulation that most analysts consider a prime cause of the current crisis. Deregulation (not only liberalization) of the financial service sector – including banking, insurance, asset management, pension funds, securities, and more – is among the most important, but least discussed, aspects of the WTO.

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