Assesses the EC's approach to the liberalization of service trade and warns of the dangers of seeking 'equivalent reciprocity'. It suggests a different approach and set of objectives more appropriate to the GATT. `... provides a timely and comprehensive analysis of the issues that confront negotiators in writing new rules for trade in services and in negotiating a reduction of regulatory barriers ... The book also contains a most informative discussion of the liberalization of trade in services within the EC, and a comprehensive review of the negotiations on trade services in the GATT context, giving the reader an excellent summary of the positions taken by various governments before and during the negotiations ... All in all, Nicholaides brings to bear a superb analytical capability and a wonderful command of the English language in addressing an extremely complex subject. For an old hand, the elegance of the reasoning is enjoyable. For some less familiar with the issues, the lucid treatment provides invaluable insights into an important yet difficult topic.' - International Affairs`The work is well organised and written, and the concepts and issues involved are explained in a manner which should be comprehensible to those with only an elementary knowledge of economics...Overall the work by Phaedon Nicolaides provides an excellent statement of the present position, and a fair conceptual analysis of the issues in the services trade.' - The Service Industries Journal`This book should be of interest not only to the busy negotiator but also to the student of international economic relations.' - The Economic Journal