Commentaries on World Trade Law Online

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General Editors: Peter-Tobias Stoll and Holger P. Hestermeyer

Commentaries on World Trade Law Online is a comprehensive, standard reference work on WTO Law. The Commentaries explain the provisions of the WTO Agreements article by article, setting out the interpretation of each article in the case law, in practice and in scholarly writing.

Building on the leading reference, Max Planck Commentaries on World Trade Law, this fully revised and updated second edition brings together the writings of  a team of more than 100 of the world’s leading scholars, practitioners and former members of the Appellate Body. The contents are extensively hyperlinked to source documents, cross-referenced and indexed.

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Understanding on Commitments in Financial Services

(10,349 words)

Author(s): Lang, Andrew
ANDREW LANG   Understanding on Commitments in Financial Services Participants in the Uruguay Round have been enabled to take on specific commitments with respect to financial services under the General Agreement on Trade in Services (hereinafter referred to as the “Agreement”) on the basis of an alternative approach to that covered by the provisions of Part III of the Agreement. It was agreed that this approach could be applied subject to the following understanding:  (i) it does not conflict with the provisions of the Agreement;  (ii) it does not prejudice the right of any Mem…