positive list

Positive listing, or bottom up scheduling of trade commitments is where countries "opt in" their service sectors inclusion in trade commitments.

The WTO GATS is often described as taking a "hybrid" approach in financial services, however, due to the US's advocacy of the Understanding on Commitments in Financial Services which contains a standstill clause which locks in FS regulation as of the effective date of the Understanding.

See also negative list for the "US style"

Also see standstill clause