Topics handled by WTO committees and agreements
Issues covered by the WTO’s committees and agreements

SERVICES: WORKSHOP, GENEVA, 31 MARCH 2009

Workshop to mark the tenth anniversary of the Fifth Protocol to the GATS
31 March 2009

The workshop marks the tenth anniversary of the Fifth Protocol to the GATS embodying the results of the financial services negotiations concluded in December 1997, which entered into force on 1 March 1999. The event provides a forum for analyzing those negotiations' achievements, and discussing the challenges ahead.

175pxls.gif (835 bytes)
Note:
Downloadable files in Powerpoint, Word or pdf (portable document format). 

> Guide to downloading files.

N.B. You should download these
documents rather than calling them into view through the browser since the formatting may change (eg. paragraph numbering) when viewed through the browser.


An introductory session, outlining GATS provisions particularly relevant for financial services, is followed by two other sessions. These address the following:
(i) the post-Uruguay Round negotiations on financial services, from the perspective of a developed country, a developing country, and the WTO Secretariat; and
(ii) the current and future challenges for the financial sector, from a government and industry perspectives.

  

  
Programme  back to top

 31 March 2009

Chair: Mr. Tom Goodwin, Chairperson,
Committee on Trade in Financial Services, WTO
 

9h00-9h15

Welcome and Opening Remarks by Mr. Harsha V. Singh, Deputy Director-General, WTO

  

9h15-10h00

Session A: Specific GATS/WTO provisions on financial services
  

Topics:

GATS provisions.
The Annex on Financial Services.
The Understanding on Commitments in Financial Services.
The Fifth Protocol.
  

Speaker:

Hamid Mamdouh, Director, Trade in Services Division, WTO.
Paper
Q&A

  

10h00-11h30

Session B: The post-Uruguay Round negotiations on financial services
  

Topics:

Background to the negotiation of the Fifth Protocol.
The 1997 financial crisis and its effect on the negotiations.
Results achieved and lessons learned.
Developments in financial services trade policy since agreement on the Fifth Protocol.
   

Speakers:

Ms. Sydney Key, Lecturer, Graduate Program in Banking and Financial Law, Boston University School of Law.
Paper

Ms. Latifah Merican Cheong, Formerly Program Director of the Financial Market Integrity Group in the World Bank and Assistant Governor of the Central Bank of Malaysia.
Paper

Mr. Juan A. Marchetti, Counsellor, Trade in Services Division, WTO.
Paper
  
Q&A

    

11h30-13h00

Session C: Current and future challenges for the financial sector
  

Topics:

Overview of recent developments in the sector.
The current crisis and trade in financial services from a GATS perspective.
Opportunities and challenges facing the industry in developed and developing countries.
   

Speakers:

Mr. Masamichi Kono, Deputy Director-General, Supervisory Bureau, Financial Services Agency (FSA), Japan.
Paper

Mr. Chris Gentle, Global Head of Research, Deloitte.
Paper
  
Q&A

  

13h00

Concluding remarks by the Chair

 

175pxls.gif (835 bytes)

Download the programme