International Trade in Services.pdf - DSpace at Khazar University

282 International Trade in Services
Table 8.6. Influences on Accounting Firms and Services (continued)
Main drivers and institutions in accounting services trade and development
Drivers and institutions
Ministry of trade,
commerce
Ministry of finance
Immigration authorities
Initiatives
• Increase flows of information about the accounting
profession; for example, commission university studies,
hold public-private forums, facilitate links with professional
bodies
• Create materials targeted at ministry officials that explain
the scope of the accounting profession and opportunities
at home and abroad
• Identify for ministries specific restrictions in export markets
of interest important to the accounting profession
• Facilitate capital flows and equitable tax treatment and
ameliorate foreign investment restrictions, specifically
equity limitations
Potential regulatory restrictions to reform
Potential restrictions
Nationality and residency
requirements
Procedures for the
recognition of
qualifications
Equity limitations on
foreign investors
Commercial presence
requirements
Reform initiatives
Identify presence in domestic and in export markets of
interest; determine the purpose of such restrictions, in
consultation with professional bodies and governmental
authorities; propose alternative approaches that, for
example, require local collaboration, bonding, or crossdisciplinary
action
The WTO disciplines on domestic regulation in the
accounting sector provide guidance on ensuring that
requirements are no more trade restrictive than necessary;
policy makers can pursue transparent administrative
procedures in applying requirements; policy makers can use
the WTO disciplines to assess and refine:
• Licensing requirements
• Licensing procedures
• Qualification requirements
• Qualification procedures
• Technical standards
Identify presence in domestic and in export markets of
interest; determine the purpose of such restrictions, in
consultation with professional bodies and governmental
authorities; assess the impact of equity limitations on the
ability of domestic firms to raise capital for export expansion;
propose that equity limitations be lifted or scheduled for
removal, at a minimum in certain geographic areas, by a
particular date
Identify the scope of commercial presence requirements in
the domestic and in export markets of interest; determine
the purpose of such restrictions, in consultation with professional
bodies and governmental authorities; develop