Defining the basic legal terms and issues raised by international trade in services, this monograph provides an account of how they are regulated both multilaterally and through the major economic integration agreements. It focuses on four sectors - telecommunications, government procurement, financial services, and transportation services.

Despite their growing importance in the world economy, little has been written on the buying and selling of services. While the rules governing trade in services have mushroomed in recent years, many key terms are still remain vague and ill defined. This monograph sets out and defines the basic legal terms and issues raised by international trade in services and provides a comprehensive account of how they are regulated both multilaterally and through the major economic integration agreements. Four of the most important sectors for trade in services -- telecommunications, government procurement, financial services, and transportation services -- are singled out for special in-depth treatment, making this a guide for all those working in areas dealing with international trade.