infonet-economy

The summer 2016 saw some of the key emerging economies change their position on services negotiations at the WTO, which may prove instrumental in bringing services back to the WTO, via The Trade in services Agreement (TiSA). While TiSA parties have discussed critical mass based multilateralization for a while, another approach may prove to be more viable - "incrementalism" and "quasi-multilateralization". This hybrid legal form of negotiated outcomes would entail a long-term, multilayered approach integrating TiSA into the GATS/WTO framework at a time that may see TiSA’s silver lining materialize. TiSA could help re-invigorate services negotiations at the WTO and conceptualize legal forms that embody coexistence and transmission between frameworks.