ABSTRACT
Brian Hindley has provided with an interesting framework in which to study the negotiations of the general agreement on tariffs and tra and the role of the different national players. Hindley examines a number of such tradeable services in detail, but then concentrates more on the effects of multilateral trade agreements, such as the United Nations conference on trade and development liner code and the Conference on International Civil Aviation. In these and other agreements, the potential for fully liberalised service markets is greatly reduced to protect a country's own service markets. The major policy issue in on-going service liberalisation is the policy of "excessive" regulation, which may curtail the production of services, the right to establish, and trade in services. Government regulation has an impact on the location of services, since it affects the movement and costs of inputs or it affects the cost of producing such services and therefore acts as a tariff restriction.
