Law360 (July 20, 2021, 4:46 p.m. EDT) – Long-standing discussions by the World Trade Organization to streamline domestic services regulations were turned upside down on Tuesday as the Biden administration announced its desire to join the effort, with the aim of reaching a deal in time for the year-end WTO summit.
Dozens of countries have tried for years to write new WTO rules to ensure that the licensing and regulation of lawyers, engineers, bankers and other service providers does not impose undue trade restrictions, a process which the United States had so far excluded. But the office of the US trade representative has announced a change of course, accelerating the strike effort …
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