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12 Trade L. & Dev. 342 (2020)
Aid for Trade in Services: Definition, Magnitude and Effects

handle is hein.journals/traladpt12 and id is 349 raw text is: Trade, Law and Development Anirudh Shingal, Aid for Trade in Services: Definition, Magnitude and Effects 12(1) TRADE L. & DEV. 342 (2020) AID FOR TRADE IN SERVICES: DEFINITION, MAGNITUDE AND EFFECTS ANIRUDH SHINGAL* This paper reviews findings from recent literature on the trade effects of Aid- for-Trade (Af) which has now begun to examine the impact of this aid on services trade in a signficant departure from only looking at merchandise trade and investment. The paper also discusses the major transmission channels for the trade-enhancing effects of AfT and considers both direct and spill-over effects of AfT on services trade. Recent vork suggests that AfT allocated to services activities may be effective in enhancing services exports of small value exporting countries, which is a signficant finding from the perspective of the objective of AfT disbursement. It also provides scope for export diversification, global value chain (GVC) integration and enhancing firm productivity in recipient countres. TABLE OF CONTENTS I. INTRODUCTION II. WHAT IS SERVICES AFT? III. THE MAGNITUDE AND DISTRIBUTION OF SERVICES AFT IV. AFT AND TRADE: WHAT ARE THE CHANNELS? V. DIRECT EFFECT OF SERVICES AFT ON TRADE VI. AFT AND SERVICES TRADE: SPILLOVER EFFECTS VII.CONCLUSION * The author is a Senior Fellow at the Indian Council for Research on International Economic Relations (ICRIER), New Delhi, a Programme Associate of the Global Governance Programme at the European University Institute (EUI), Florence, and a Fellow of the World Trade Institute, University of Bern. This article is based on joint work with Prof. Bernard Hoekman. The author may be contacted at anirudh. shingal[at]gmail.com.