审慎例外条款实证分析——以中国自贸协定为例

An Empirical Analysis of Prudential Exception Clause:Taking China's FTA as an Example

金融服务自由化是WTO成员实现服务贸易自由化的重要组成部分,中国政府一直通过自贸区战略积极稳妥推动金融服务自由化。为保证缔约方拥有足够规制主权防范金融风险和维护金融稳定,此类自贸协定大多含有审慎例外条款。WTO阿根廷金融服务案的相关裁决有助于澄清审慎例外条款的抽象模糊之处,中国自贸协定应当以此为鉴,优化审慎例外条款,以增强金融市场开放承诺的可信度和法律适用的稳定性。

The liberalization of financial services is an important part of WTO members’liberalization of services trade. The Chinese government has been actively and steadily promoting the liberalization of financial services through the free trade zone strategy. In order to ensure that parties have sufficient regulatory sovereignty to prevent financial risks and maintain financial stability, most of these FTAs contain prudential exceptions. The relevant rulings of the WTO Argentine Financial Services case help to clarify the abstract ambiguity of the prudent exception clause. The China free trade agreements should be used as a guide to optimize the prudential exception clause to enhance the credibility of the financial market opening commitment and the law applicable stability.