ABSTRACT
The problem of restrictions on world trade and investment in services is currently at the very centre of international policy debate. For the first time service sector trade and investment issues are to form part of the remit of the General Agreement on Tariffs and Trade (GATT). Longstanding codes on the liberalisation of capital movements and invisibles have recently been reviewed and strengthened. Participation in lucrative service markets has been used by one nation as a bargaining lever in its attempts to obtain access to a heavily protected goods market in the service firm's source nation.
