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Extra info for Promoting Trade In Services: Experience Of The Baltic States
Sample text
According to the Central Chamber of Commerce of Finland, Finnish companies consider that clearance problems have diminished significantly and the product certification has improved in Estonia. 0RYHPHQW RI 1DWXUDO 3HUVRQV According to the 2001 OECD surveys, barriers to the movement of natural persons have not represented a major obstacle to Baltic service firms. 1). Estonian service companies were, however, relatively more dissatisfied, possibly because of the greater share of service exports in their activities.
Following the decision of the Ministerial Conference on Trade and Economic Co-operation in the Baltic Sea region in 2000, the clearance time for border crossing within the region was reduced to less than two hours. According to the Central Chamber of Commerce of Finland, Finnish companies consider that clearance problems have diminished significantly and the product certification has improved in Estonia. 0RYHPHQW RI 1DWXUDO 3HUVRQV According to the 2001 OECD surveys, barriers to the movement of natural persons have not represented a major obstacle to Baltic service firms.
1: Very low (open and impartial treatment of FDI, almost no restrictions on FDI). 2: Low (restrictions on investment in few sectors; efficient approval process). 3: Moderate (restrictions on many investments, bureaucratic approval process). 2 Explanatory notes 3: Significant and sustained action to harden budget constraints and promote corporate governance. 4+: Standards and performance norms of advanced industrial economies: removal of most tariff barriers; membership in the WTO. 2: Competition policy legislation and institutions set up; some reduction of entry restrictions; 3: Some enforcement actions to reduce abuse of market power and to promote a competitive environment; substantial reduction of entry restrictions.