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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Autor principal: O. V. Biryukova
Formato: article
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RU
Publicado: MGIMO University Press 2015
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Acceso en línea:https://doaj.org/article/a73850f082ad4dd4be14cbb2742362d6
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spelling oai:doaj.org-article:a73850f082ad4dd4be14cbb2742362d62021-11-23T14:50:59ZBarriers to the EU Single Services Market2071-81602541-909910.24833/2071-8160-2015-2-41-186-195https://doaj.org/article/a73850f082ad4dd4be14cbb2742362d62015-04-01T00:00:00Zhttps://www.vestnik.mgimo.ru/jour/article/view/335https://doaj.org/toc/2071-8160https://doaj.org/toc/2541-9099The 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.O. V. BiryukovaMGIMO University Pressarticleeuropean uniontrade barrierssingle services marketservice tradeintegrationtelecommunicationstransportgovernment procurement marketInternational relationsJZ2-6530ENRUVestnik MGIMO-Universiteta, Vol 0, Iss 2(41), Pp 186-195 (2015)
institution DOAJ
collection DOAJ
language EN
RU
topic european union
trade barriers
single services market
service trade
integration
telecommunications
transport
government procurement market
International relations
JZ2-6530
spellingShingle european union
trade barriers
single services market
service trade
integration
telecommunications
transport
government procurement market
International relations
JZ2-6530
O. V. Biryukova
Barriers to the EU Single Services Market
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
author O. V. Biryukova
author_facet O. V. Biryukova
author_sort O. V. Biryukova
title Barriers to the EU Single Services Market
title_short 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_sort barriers to the eu single services market
publisher MGIMO University Press
publishDate 2015
url https://doaj.org/article/a73850f082ad4dd4be14cbb2742362d6
work_keys_str_mv AT ovbiryukova barrierstotheeusingleservicesmarket
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