Assesses the EC's approach to the liberalization of service trade and warns of the dangers of seeking 'equivalent reciprocity'. It suggests a different approach and set of objectives more appropriate to the GATT.

1. The challenge of reforming policy on services 2. The nature of services 3. Production and trade of services 4. Discrimination against regulation 5. Liberalization in the European Community 6. Services in GATT 7. Accommodating developing countries 8. Prospects for success