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Negative List in Services Liberalization for ASEAN Developing Countries

Author

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  • Sigit Setiawan

    (Senior Researcher at Fiscal Policy Agency, Ministry of Finance Indonesia, Indonesia.)

Abstract

Recently, several new FTAs/RTAs involving ASEAN developing countries have emerged with different services negotiation modalities, one of them is to adopt or migrate to negative list for scheduled commitments. The change surely brings concerns among ASEAN developing countries. This study is intended to first, analyse the pros and cons for ASEAN developing countries in migrating to negative list; secondly, to analyze various potential issues that ASEAN countries may encounter in migrating to negative list and how to address such issues. To reach the objectives, descriptive analysis method is adopted, relevant literature and FTA agreements are analyzed, and two series of focus group discussions were held. Several potential issues are identified and probable solutions are provided in this study, with regard to protection for new services and new financial services, the transposition of GATS style positive list to negative list, template headnotes, consistency, safeguard, and foreign control.

Suggested Citation

  • Sigit Setiawan, 2018. "Negative List in Services Liberalization for ASEAN Developing Countries," International Journal of Economics and Financial Issues, Econjournals, vol. 8(5), pages 11-20.
    • Handle: RePEc:eco:journ1:2018-05-3
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    References listed on IDEAS

    as
    1. Kevin P. Gallagher & Elen Shrestha, 2011. "Investment Treaty Arbitration and Developing Countries: A Re-Appraisal," GDAE Working Papers 11-01, GDAE, Tufts University.
    2. Jane Kelsey, 2017. "The Risks for ASEAN of New Mega-Agreements that Promote the Wrong Model of e-Commerce," Working Papers DP-2017-10, Economic Research Institute for ASEAN and East Asia (ERIA).
    3. Kuo Chuen, David LEE & Teo, Ernie G.S., 2015. "Emergence of FinTech and the LASIC principles," Journal of Financial Perspectives, EY Global FS Institute, vol. 3(3), pages 24-36.
    4. Roy, Martin, 2017. "The contribution of services trade policies to connectivity in the context of aid for trade," WTO Staff Working Papers ERSD-2017-12, World Trade Organization (WTO), Economic Research and Statistics Division.
    5. Adlung, Rudolf & Mamdouh, Hamid, 2013. "How to design trade agreements in services: Top down or bottom up?," WTO Staff Working Papers ERSD-2013-08, World Trade Organization (WTO), Economic Research and Statistics Division.
    6. Gallagher, Kevin P. & Shrestha, Elen, 2011. "Investment Treaty Arbitration and Developing Countries: A Re-Appraisal," Working Papers 179093, Tufts University, Global Development and Environment Institute.
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    Cited by:

    1. Syahrir Ika & Sigit Setiawan, 2018. "Investor-State Dispute Settlement and Indonesian Reform Policy in Mining Downstream Sector," Journal of Economics and Behavioral Studies, AMH International, vol. 10(4), pages 185-196.

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