AZERBAIJAN’S ACCESSION TO THE WTO: ITS PROPOSALS ON THE SERVICE SPHERE ARE MORE LIBERAL THAN THE COMMITMENTS OF WTO MEMBERS
Abstract
The service sector is developing dynamically in the world and its share in GDP is growing from year to year. According to the IMF, the share of services in world GDP amounts to 63.2%, whereby the U.S. accounts for 80% and the EU for more than 70% of world GDP. World practice also shows that the share of added value in the service sphere is much higher than in industry and agriculture.
The total volume of exported services is also increasing at a rapid rate. For example, the volume of exported services in world trade increased from $155 billion in 1975 to $2.5 trillion in 2005, i.e., it has risen more than 15-fold in thirty years.
The export of services in the world amounts to approximately 20% of the entire commercial export of goods and services. Banking services, insurance, operations in the securities market, construction, and telecommunication services have long extended beyond national boundaries. Approximately 75% of the services (in value terms) is exported by developed countries, 24% by developing countries and the countries with a transition economy, and 1% by international organizations. At the same time, it should be emphasized that most developing countries are characterized by a negative balance of foreign trade in services.
This article analyzes Azerbaijan’s service market and its development characteristics and makes a comparative analysis of Azerbaijan’s proposals on the service sphere and the service commitments of the WTO member countries.
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Adalat Muradov is one of the authors of the proposals on the service sphere and took part in the talks on Azerbaijan’s accession to the WTO from 2003 to 2009.
[indexmundi.com/world/gdp_composition_by_sector.html].
[kanaev55.livejournal.com/36942.html].
See: A. Muradov, Azerbaidzhan i WTO: Uslugi, Baku, 2006, 35 pages.
[cbar.az/pages/statistics/external-sector-statistics/].
See: WTO, National Schedules of Specific Commitments by WTO Members.
See: WTO Accession Strategies for Azerbaijan. KDI, 2008, pp. 20-55.
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