Working Party on Professional Services
Working Party on Professional Services: WPPS. A WTO working party established in 1995 to examine the extent to which qualifications, licensing and standards requirements are impediments to trade in professional services, and to develop appropriate multilateral disciplines. After much labour it produced the Guidelines for Mutual Recognition Agreements or Arrangements in the Accountancy Sector. The WPPS was abolished on 26 April 1999 and a Working Party on Domestic Regulation established instead. See also mutual recognition arrangements.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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