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Assessing the Readiness for Full Liberalization
of the Philippine Services Sector
Year Completed: 2000
[Published in Phil. Labor Review Vol. XXIV No.1, January - June 2000]

As we inch further to the full realization of globalization, multilateral trade negotiations are undertaken by members of the World Trade Organization (WTO) to achieve a progressively higher level of trade liberalization, especially in the area of trade in services.  However, political, social, economic and legal barriers hamper the pursuit for greater liberalization among member-economies.  Environmental setbacks, such as the El Niño and El Niña phenomena, likewise, brought forth serious damage to developing countries, which may have strengthened their sentiments against further liberalization.

To mitigate the antagonism and protectionism among the gravely affected countries, this paper recommends that they first put their respective houses in order and push for a more level playing field.  Other courses of action include the continuous negotiation for mutual recognition agreements, and transparency concerning the conduct of trade in services, among others.

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