The agreement on the liberalization of financial services and their reflections on the competitiveness of the banking system in developing countries

Abstract

This study aims to analyze the implications of the Agreement on the liberalization of trade in financial services to developing countries, in particular, all of the heads of state of the United Arab Emirates and Algeria, through the diagnosis and analysis of the reality and performance of the banking sector as one of the important sectors around which the Agreement on the liberalization of financial services . We concluded that the Algeria to carry out many reforms and strategies to raise the efficiency of the banking sector development and adapting it to the requirements of the PLO, in order to benefit from the advantages granted by the convention of the developing countries and to avoid the negative effects and challenges that result from the process of liberalization of trade in financial services