If the outcome of the Signalling Conference in July 2008 is any indication, it is that many governments have now embraced competition in a broad range of services sectors. In the telecommunications sector, in particular, a significant number of the 31 World Trade Organization (WTO) member countries that participated in the conference expressed willingness to either improve their existing systems or to undertake new commitments in both basic and value-added services. Some members revealed their intention to (a) remove all access restrictions on modes 1 and 3, (b) relax or eliminate foreign equity caps and (c) adopt the regulatory disciplines embodied in the reference paper. 1 That members recognize the need to review and upgrade their commitments in telecommunications is remarkable considering that there are already more liberalization schedules logged for this sector than for most other services sectors.