Services Liberalization in ASEAN

Download or read book Services Liberalization in ASEAN written by Tham Siew Yean and published by ISEAS-Yusof Ishak Institute. This book was released on 2017-11-14 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: The services sector plays an important role in ASEAN economies as it accounts for about half of the region’s GDP and more than 45 per cent of its total employment. ASEAN aspires to deepen integration in the services sector in order to enhance the sector’s contribution to economic development and growth in each country. Despite this, services liberalization has progressed slowly compared to goods liberalization both at the multilateral and the regional levels. Different regulatory mechanisms across countries have contributed to the slow pace of liberalization.