Methodology for Negotiations in the Area of Financial Services

This paper discusses the role of integration and internationalization in Latin America in the area of Financial Services Negotiations (FSNs). Both integration and internationalization have become increasingly important at a multilateral level, such as within the World Trade Organization (WTO), as well as within Free Trade Agreements (FTAs). This paper presents: fundamental principles and a methodology that may contribute to improve the preparation and negotiation of financial services in countries in the region; a brief account and summary of the main characteristics of multilateral agreements on trade in financial services within the framework of the WTO; and strategic considerations for Latin American countries to take into account in their FSNs. This paper was prepared for the Regional Policy Dialogue's 5th Meeting of the Trade Network held on May 29th and 30th, 2003 in Washington, DC.