Zrinka Lacković Vincek
University of Zagreb, Faculty of Organization and Informatics, Pavlinska 2, 42 000 Varaždin, Croatia
Vlatka Bilas
University of Zagreb, Faculty of Economics and Business, Trg J. F. Kennedyja 6, 10 000 Zagreb, Croatia
Ivana Dvorski Lacković
University of Zagreb, Faculty of Organization and Informatics, Pavlinska 2, 42 000 Varaždin, Croatia
DOI: https://doi.org/10.31410/EMAN.2018.963
2nd International Scientific Conference – EMAN 2018 – Economics and Management: How to Cope With Disrupted Times, Ljubljana – Slovenia, March 22, 2018, CONFERENCE PROCEEDINGS published by: Association of Economists and Managers of the Balkans, Belgrade, Serbia; Faculty of Management Koper, Slovenia; Doba Business School – Maribor, Slovenia; Integrated Business Faculty –  Skopje, Macedonia; Faculty of Management – Zajecar, Serbia, ISBN 978-86-80194-11-0


This paper analyses the liberalization of international trade in goods and services where the basic aim of the paper is to determine the role and significance of the General Agreement on Tariffs and Trade, the Uruguay Round of Multilateral Trade Negotiations, the General Agreement on Trade in Services, the Agreement on Trade-Related Aspects of Intellectual Property Rights and the role and significance of the World Trade Organization, in order to explain the effect of international trade liberalization on the good and services sector. The paper establishes that the trend in regional integration is becoming prominent throughout the world, primarily due to the slow development of negotiations in the Doha Round concerning integrational processes in Europe and North America. Expenses associated with a possible unsuccessful outcome of the negotiations in the Doha Round are expected to be significant and may lead to missed opportunities for trade and development, increased protectionism and loss of confidence in the trade system, all of which risks a slow weakening of the multilateral trade system over the long term. The potential failure in negotiations would be a significant loss for both developed and less developed countries.

Key words

liberalization, international trade, goods, services

Share this

Association of Economists and Managers of the Balkans – UdEkoM Balkan
179 Ustanicka St, 11000 Belgrade, Serbia


Udekom Balkans is a dynamic non-governmental and non-profit organization, established in 2014 with a mission to foster the growth of scientific knowledge within the Balkan region and beyond. Our primary objectives include advancing the fields of management and economics, as well as providing educational resources to our members and the wider public.

Who We Are: Our members include esteemed university professors from various scientific disciplines, postgraduate students, and experts from ministries, public administrations, private and public enterprises, multinational corporations, associations, and similar organizations.

Building Bridges Together: Over the course of nine years since our establishment, the Association of Economists and Managers of the Balkans has established impactful partnerships with more than 1,000 diverse institutions across the Balkan region and worldwide.

EMAN conference publications are licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.