Chapitre III - UNITAR

Effective practices with regard to remittances:
Reduction of the transfer and transaction costs of remittances.
Creation of a climate favourable to investment and transfer of remittances
through adoption of a sound exchange rate and monetary and
economic policies.
Development of incentives to encourage the transfer of remittances
and investments through initiatives, such as facilitation of accessible
banking services and tax breaks.
Cooperation with banks and other appropriate institutions towards the
development of effective remittance management policies.
Facilitation of legal bank transfers to avoid money laundering and
money going to illegal activities while respecting the privacy of the
person.
Promotion of conditions necessary to increase household savings and
channel them into productive investment.
14. Migration and Trade
The international trade regime of the General Agreement on Trade in Services
addresses migration only insofar as it relates to the temporary movement of
persons as service providers yet is the principal multilateral treaty framework
for regulating the movement of people. Liberalization of the movement of persons
as service suppliers holds promise of substantial welfare gains for both
countries of origin and destination and is directly linked to the needs and
implications of an increasingly global labour market. Challenges for policy
makers include facilitating the administrative aspects of movement of service
suppliers such as visa and work permit requirements. Capacity building may
be necessary to ensure that adequate systems are put in place to this end. In
addition, measures are needed to ensure that temporary movement remains
temporary, and to maximize the potential economic, developmental and personal
gains from freer movement of service suppliers. At the same time,
account must be taken of legitimate host country priorities and requirements,
flexibility in addressing domestic labour market needs, implications for social
and other public services, as well as security concerns. The links between
trade and migration require greater exploration, including regarding complementary
measures, such as selection and preparation of temporary migrants
that help provide greater confidence that temporary service providers meet
the skills profile needed, as well as entry and stay requirements.
Migration and Trade
Chapter 3
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