Canada's Prohibition of Automated Bank Machine Withdrawal Charges as a Violation of the WTO GATS
Manchester Journal of International Economic Law, Vol 4, No. 3, p. 43-61, 2009
15 Pages Posted: 21 Feb 2010 Last revised: 22 Dec 2016
Date Written: 2009
This paper discusses how Canadian regulations prohibition banks from levying charges for the use of automated withdrawal machines may operate as a market access barrier to foreign banks, which could violate the WTO General Agreement on Trade in Services. This paper suggests that such charges are not against public interest because of the element of consumer choice in cash services. This paper acknowledges the speculative nature of this assessment as no foreign banks currently operate automated bank machines in Canada.
Keywords: WTO, GATS, Banking
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