Abstract

This comment is intended to step back from the broad multilateral picture to look at some of the domestic considerations—often intensely practical and political—that can accompany international negotiations in financial services. Some of the factors that must be taken into account so that a country can be prepared to negotiate knowledgeably and effectively on an international basis in the sector are considered. Naturally, the particular issues that bedeviled U.S. negotiators during the Uruguay Round negotiations might not be a problem in all countries. However, the financial services sector has certain characteristics that increase the likelihood that countries undertaking such negotiations will face a number of common issues.