Implication of TISA on trade of services

The pluri-lateral negotiations on a Trade in Services Agreement (TISA) have attracted much attention in trade policy circles. Policy and economic implications are intensely debated given the number and economic importance of participants. This paper aims to provide insights into the market access issues arising in such negotiations. TISA market access commitments would go well beyond GATS commitments and services offers tabled in the Doha Round. Further, and more importantly, exchanging ‘best PTA’ commitments would not meet the participants' most important export interests. An introduction has been given to explain what TISA is basically. The importance of services has been discussed. The basic reason of emergence has also been brought to light. Membership of TISA, its dynamics and implications has been dealt with. The objectives of this agreement have also been outlined. Further main elements of the agreement have also been brought to light. Moreover the architecture has also been looked into. Multi-lateralisation and its effect have been discussed. Lastly, entry of China and its implications on the world have been seen. Some recommendations and conclusion on the state of this agreement has also been mentioned.