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dc.contributor.authorJansen van Rensburg, Susara J.
dc.contributor.authorRossouw, Riaan
dc.contributor.authorViviers, Wilma
dc.date.accessioned2020-09-11T08:47:04Z
dc.date.available2020-09-11T08:47:04Z
dc.date.issued2020
dc.identifier.citationJansen van Rensburg, S.J., Rossouw, R. & Viviers, W. 2020. Liberalizing Bangladesh’s services trade: is joining trade in services agreement the way to go? South Asia economic journal, 21(1):1-23. [https://doi.org/10.1177/1391561420903198]en_US
dc.identifier.issn1391-5614
dc.identifier.issn0973-077X (Online)
dc.identifier.urihttp://hdl.handle.net/10394/35734
dc.identifier.urihttps://journals-sagepub-com.nwulib.nwu.ac.za/doi/abs/10.1177/1391561420903198
dc.identifier.urihttps://doi-org.nwulib.nwu.ac.za/10.1177/1391561420903198
dc.description.abstractAlthough currently limited, services trade holds great potential for Bangladesh, as services already make a major contribution to GDP and employment. Services represent an important alternative (in the longer term) or complement (in the shorter term) to ready-made garments (RMGs), which have long dominated Bangladesh’s export mix. The country is poised to see declining RMG export revenues when the country graduates out of least developed country (LDC) status and loses its trade preferences in global markets. To build domestic capacity with a view to developing its services export sector, Bangladesh needs to open its market to services imports. But what approach would be best? Can a plurilateral trade agreement (PTA) like the Trade in Services Agreement (TiSA), whose members have sought to stimulate their services sectors through more liberalized trade, ever be an option? We use a dynamic computable general equilibrium (CGE) model to simulate the effects of TiSA membership on Bangladesh’s economy. The results show that, overall, Bangladesh would derive marginal benefit from TiSA, but employment and exports would suffer. The worst-affected sectors would be agriculture and textiles and clothing, the country’s largest employers. To lessen the impact of increased foreign competition, a regional trade approach is recommended, supported by a sound national services strategy which would include a roadmap for tackling the country’s myriad supply-side shortcomings.en_US
dc.language.isoenen_US
dc.publisherSageen_US
dc.subjectBangladeshen_US
dc.subjectComputable general equilibrium modellingen_US
dc.subjectTrade liberalizationen_US
dc.subjectTrade in servicesen_US
dc.subjectTrade in services agreementen_US
dc.titleLiberalizing Bangladesh’s services trade: is joining trade in services agreement the way to go?en_US
dc.typeArticleen_US
dc.contributor.researchID10064230 - Viviers, Wilhelmina
dc.contributor.researchID12143979 - Rossouw, Riaan


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