Binding Commitments

Binding commitments in Global Commerce Policy

In this regard, binding commitments is: binding (sometimes bound) commitments are a legal obligation not to make market access conditions for services more restrictive than described in a country ™s schedule of commitments on services submitted to the WTO. Bindings are enforceable under WTO rules and may only be breached through negotiation with affected trading partners. The entries on trade policy are here. A country breaching a binding may have to offer compensation to other trading partners in the form of commitments in other services.[1]

Binding commitmentsin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “Binding commitments” entry (OAS)

See Also