Sherry M. Stephenson
Member of FMG
Sherry M. Stephenson is an international trade policy expert. She is currently the Services Convenor for the Pacific Economic Cooperation Council (PECC), and has been a lead author or co-author in various THINK 20 Policy Briefs for the past three years.
- Independent Consultant, International Services Trade
- Member, PECC Services Network
- Previously Senior Fellow with the International Centre for Trade and Sustainable Development (ICTSD)
- Ph.D., International Economics, University of Geneva, Switzerland
- M.A., Economics, New York University
Years of Experience: more than 35 years
Languages: English (native), French (fluent), Spanish (fluent)
Dr. Sherry M. Stephenson was a Senior Fellow with the International Centre for Trade and Sustainable Development (ICTSD), a policy think tank based in Geneva, Switzerland, from 2013 to 2018. During her time at the ICTSD she developed and executed a work program on services, which covered multilateral, plurilateral and regional services issues in negotiating and non-negotiating fora, as well as sustainable services development and regulatory reform in developing regions. She is currently an independent consultant, associated with the Services Network of the Pacific Economic Cooperation Council (PECC). Her internationally recognized expertise lies particularly in the area of services trade.
Prior to the ICTSD, Dr. Stephenson worked with the Organization of American States in Washington DC. During her 16 years at the OAS, Dr. Stephenson held various positions, including Senior Advisor for Services Trade (two years), Director of the Trade Department (three years), Deputy Trade Advisor (five years) and Head of Institutional Relations (four years). Her responsibilities included, among others, management of the staff of the Trade Department and an annual budget of around $2 million, together with overseeing the provision of analytical and capacity-building assistance of the organization in the area of trade to the countries of the Western Hemisphere in their negotiation and implementation of bilateral and regional trade agreements. She guided the OAS in its support of several negotiating groups during the decade-long Free Trade Area of the Americas (FTAA) negotiations (1995-2004) and was responsible for providing direct assistance to the FTAA Negotiating Group on Services.
Before working for the OAS, Dr. Stephenson was an Advisor to the Ministry of Trade, Government of Indonesia, Jakarta (three years) where she assisted the Government of Indonesia in developing its final offer for the Uruguay Round and subsequently trained government officials in the content and implementation of the WTO Agreements. As a member of the Pacific Economic Cooperation Council (PECC), she also began providing support to the APEC process during this time, an effort which has continued over the past two decades. Her previous positions have been with the GATT and UNCTAD Secretariats in Geneva, Switzerland and with the Trade Directorate of the OECD in Paris, France (eight years), where she was in charge of trade relations with developing countries.
She has done consulting work for many organizations including The World Bank, Asian Development Bank, Asia Pacific Economic Cooperation grouping (APEC), Commonwealth Secretariat, CARICOM, the African Union Commission, ALADI, the Forum Island Secretariat, U.S. Agency for International Development, U.S. Coalition of Services Industries and several national governments. Dr. Stephenson has taught trade policy courses within the Masters of Arts Program in International Commerce and Policy at George Mason University, Virginia as well as at the Institute of International Trade in New Delhi, India, and Boston University’s graduate program in Paris, France. Additionally, she has lectured and taught in numerous trade training conferences and workshops around the world, educating government officials and members of the trade and development community on topics such as regional trade agreements and regional economic integration, services trade and services negotiations, and services regulatory reform.
Dr. Stephenson has written extensively on trade policy issues and especially on services trade, where she has published three books and numerous articles. She was a member of the World Economic Forum’s Global Trade Agenda Council for four years (2011-2015) and contributed to its annual reports (Regionalism, 2011; Emerging Supply Chains in the Global Economy, 2012; Foreign Direct Investment, 2013; and Mega-regional Trade Agreements, 2014). She has been a member of the T20 Trade Investment and Globalization Task Force (2019 and 2020) and contributed to its Policy Briefs on Services.
Publications (2014 onwards)
- Services are essential too: Identifying the missing link in trade policy proposals during the pandemic, Opinion piece published by the Institute for International Trade, University of Adelaide, October 2021, available at https://iit.adelaide.edu.au/news/list/2021/09/30/services-are-essential-too-identifying-the-missing-link-in-trade-policy
- Digital Trade and the WTO: Negotiating Priorities for Cross-Border Data Flows and Online Trade in Services, 2021, co-authored with Jane Drake-Brockman and others, Jean Monnet TIISA Network Working Paper No. 11-21, available at https://bit.ly/3hOtIqv
- Actions to Make Data Free Flow with Trust Operational in Practice, 2021, Policy Brief produced for the T20 Task Force on Digital Transformation, available at https://www.t20italy.org/wp-content/uploads/2021/09/TF4-PB15-1.pdf
- Impact of Digital Technologies and the Fourth Industrial Revolution on Trade in Services, 2020,co-authored with Jane Drake-Brockman and others, Policy Brief produced for the T20 Task Force on Trade, Investment and Growth, https://t20saudiarabia.org.sa/en/briefs/Pages/Policy-Brief.aspx?pb=TF1_PB4
- Trade in Digital Services is Booming: Here is how we can unleash its full potential, 2020, co-authored with Jimena Sotelo, online at the World Economic Forum, available at https://www.weforum.org/agenda/2020/06/trade-in-digital-services-is-booming-here-s-how-we-can-unleash-its-full-potential/
- Investment Facilitation for Development: A WTO/GATS Perspective, 2020, co-authored with Rudolf Adlung and Pierre Sauve, published by the International Trade Centre and the German Development Institute as part of a project on Investment Facilitation for Development, at https://www.intracen.org/uploadedFiles/intracenorg/Content/Redesign/Events/Adlung%20et%20al.%20IF%20FOR%20DEVELOPMEN-A%20WTO%20GATS%20PERSPECTIVE%20as%20of%2026%20Nov.%2020.pdf
- Digital Technologies, Services and the Fourth Industrial Revolution, 2020, co-authored, Trade and Investment in Services Associates (TIISA) Working Paper No. 2020-02, available at https://iit.adelaide.edu.au/system/files/media/documents/2020-04/TIISA%20Working%20Paper%202020.02%20ver3%5B3%5D.pdf
- Digital Technologies, Services and the Fourth Industrial Revolution, with Jane Drake-Brockman, Christopher Findlay and Yose Rizal, 2020, PECC Currents, https://pecc.org/blog/entry/digital-technologies-services-and-the-fourth-industrial-revolutions
- Services Trade for Sustainable, Balanced and Inclusive Growth, co-authored with Johannes Schwarzer and others, 2019, Policy Brief produced for the T20 Task Force on Trade, Investment and Globalization, available at https://t20japan.org/policy-brief-services-trade-sustainable-inclusive-growth
- Advancing Sustainable Development through Services Regulation, ICTSD, Geneva, 2017 http://www.ictsd.org/sites/default/files/research/advancing_sustainable_development_through_services_regulation.pdf
- The Linkage between Manufacturing and Services in the U.S. Economy, WITA Americas Trade Policy, 2017, Washington DC, available at http://americastradepolicy.com/the-linkage-between-services-and-manufacturing-in-the-u-s-economy/#.WUf9rujyuUl; webcast of session discussing the paper available at: https://www.wilsoncenter.org/event/redefining-manufacturing-the-service-sectors-role-boosting-us-competitiveness-and-resilience
– Services Promote the Competitiveness of U.S. SMEs, WITA Americas Trade Policy, 2017, available at http://americastradepolicy.com/services-promote-the-competitiveness-of-u-s-smes/#.WUf9sujyuUl
– Services and American Competitiveness, WITA Americas Trade Policy, 2017, available at
- Who Governs Global Value Chains? with Anne-Katrin Pfister, in The Intangible Economy: How Services Shape Global Production and Consumption, edited by Patrick Low and Deborah Elms, Cambridge University Press, 2017.
- Principles and Best Practices for Domestic Regulation of Services, study written for the African Union Commission’s Department of Trade and Industry under a supporting grant from USAID: Washington DC, 2017, available at http://pdf.usaid.gov/pdf_docs/pa00mht9.pdf
- Carrying out a Regulatory Audit of Measures Affecting Trade in Services, study written for the African Union Commission’s Department of Trade and Industry under a supporting grant from USAID: Washington DC, 2017, available at http://pdf.usaid.gov/pdf_docs/pa00mp3k.pdf
- Promoting Services Trade through Establishing a Services Trade Fair in Africa, study written for the African Union Commission’s Department of Trade and Industry under a supporting grant from USAID: Washington DC, 2017, available at http://pdf.usaid.gov/pdf_docs/pa00mp3m.pdf
- Benefits of Services Trade Liberalization in the Asia Pacific, Feature chapter in the State of the Region Report 2016-2017 of the Pacific Economic Cooperation Council (PECC), 2016, pages 25-42, available at https://pecc.org/resources/regional-cooperation/2390-state-of-the-region-2016-2017/file
Video on Trade Policies and Global Value Chains, from WTO Public Forum, 2016, available at https://www.youtube.com/playlist?list=PLOcxdMqyPvrrdyjPYI1FnakEYkfThINMR
- Trade Policies and Sustainable Development in the Context of Global Value Chains, Policy Brief, ICTSD-Geneva, 2016.
- Implications of the Trade in Services Agreement (TiSA) for Developing Countries, with Alexandros Ragoussis, Discussion Paper 10, German Development Institute, Bonn, 2016.
- Services and State-Owned Enterprises, with Gary C. Hufbauer, in Research Handbook on Services, edited by Pierre Sauvé and Martin Roy, Edward Elgar Press, 2016, chapter 12, pages 299-331. http://www.e-elgar.com/shop/research-handbook-on-trade-in-services
– Services Exports for Growth and Development: Case Studies from Africa, editor along with Carolyne Tumuhimbise, African Union Commission, Addis Ababa, 2015, 420 pages. http://au.int/en/documents/30769/services-exports-growth-and-development-case-studies-africa
- Services in the Manufacture of a Car in the Philippines, in “Services in Global Value Chains: Manufacturing-Related Services”, edited by Patrick Low and Gloria O. Pasadilla, APEC#215-SE-01.15, 2015, chapter 9, pp. 183-208 http://publications.apec.org/publication-detail.php?pub_id=1677
- APEC’s New Services Agenda, available at: WEF website https://agenda.weforum.org/2015/08/what-is-apecs-new-services-agenda/ and E15 Initiative website, 2015. http://e15initiative.org/blogs/apecs-new-services-agenda/
- Addressing Local Content Requirements in a Sustainable Energy Trade Agreement, in “The Law and Economics of a Sustainable Energy Trade Agreement”, edited by Gary C. Hufbauer, Ricardo Melendez-Ortiz and Richard Samans, Cambridge University Press, 2015. http://www.ictsd.org/downloads/2013/06/addressing-local-content-requirements_opt.pdf
- The Services Trade Dimension of Global Value Chains: Policy Implications for Commonwealth Developing Countries and Small States, with Jane Drake-Brockman, Commonwealth Trade Policy Discussion Paper No. 4, (ISSN 2313-2205), Commonwealth Secretariat, 2014. Available http://www.thecommonwealth-ilibrary.org/commonwealth/trade/commonwealth-trade-policy-discussion-papers_23132205
- Placing Increasing Priority on Services within APEC, in “New Directions in Asia Pacific Economic Integration” edited by Amb Tang Guoqiang and Peter A. Petri, Published by East-West Center: Honolulu, 2014. Available at http://www.ictsd.org/themes/research/placing-increasing-priority-on-services-within-apec
- Global Value Chains: The New Reality of International Trade, Geneva: E15 Initiative, WEF-ICTSD, 2014. Available on the ICTSD E15 website at
- The Potential Impact of Mega-regionals on the Asia-Pacific Region and China, in report by the World Economic Forum on “Mega-regional Trade Agreements, Game Changers or Costly Distractions for the World Trading System”, 2014, http://www3.weforum.org/docs/GAC/2014/WEF_GAC_TradeFDI_MegaRegionalTradeAgreements_Report_2014.pdf