EU is by very far the biggest exporter of services: 24% of world export of services
14
« The voice of the European Service Industries for International Trade Negotiations in Services » Analysis of potential plurilateral negotiations in services: Which countries for an International Services Agreement? Which added value for European companies?
description
Analysis of potential plurilateral negotiations in services: Which countries for an International Services Agreement? Which added value for European companies?. An International Services agreement without the EU does not make sense. - PowerPoint PPT Presentation
Transcript of EU is by very far the biggest exporter of services: 24% of world export of services
« The voice of the European Service Industries for International Trade Negotiations in Services »
Analysis of potential plurilateral negotiations in services:
Which countries for an International Services Agreement?
Which added value for European companies?
« The voice of the European Service Industries for International Trade Negotiations in Services »
EU is by very far the biggest exporter of services: 24% of world
export of services
If we take intra and extra EU together, EU export of services represent 42% of global
export of services
AN INTERNATIONAL SERVICES AGREEMENT WITHOUT THE EU DOES NOT MAKE SENSE
Services Exports in Millions $US - Source: World Bank & WTO
« The voice of the European Service Industries for International Trade Negotiations in Services »
Scenario 1 : Real Goods Friends of Services” (RGFS) in Geneva (15 + 1(27) = 42): Critical Mass?Australia, Canada, Chile, Colombia, European Union (27), Hong Kong, Japan, Mexico, New Zealand, Norway, Pakistan, Singapore, South Korea, Switzerland, Taiwan, and United States
Services exports to the world represented 76% (US$
2,841 billion) of global services exports. With intra-EU exports removed the percentage drops to 69% (US$
1,957 billion).
PLURILATERAL ON SERVICES – WHICH COUNTRIES ?
« The voice of the European Service Industries for International Trade Negotiations in Services »
PLURILATERAL ON SERVICES – WHICH COUNTRIES ?
AustraliaAustriaBelgiumCanadaChileCzech RepublicDenmarkEstoniaFinland
FranceGermanyGreeceHungaryIceland IrelandIsraelItalyJapan
KoreaLuxembourgMexicoNetherlandsNew ZealandNorwayPolandPortugalSlovak Republic
SloveniaSpainSwedenSwitzerlandTurkeyUnited KingdomUnited States
EU: 21 out of 27 EFTA countries = Close links with EU Single Market on Services
NAFTA Countries
OECD Members = 34 countries
OECD Members = 34 countries, including 21 EU Members, + 3 EFTA countries, + 3 NAFTA – Others: Chile, Israel, Japan, Korea & Turkey
Scenario 2 : OECD+ - GATS Article 5 = Non MFN
« The voice of the European Service Industries for International Trade Negotiations in Services »
Canada
EU: (27) EFTA: (4) NAFTA: (3) TPP: NFTA + 9 = 12
OECD: 34(incl. 21 EU + 3 EFTA + NAFTA + 4 TPP + 3 (Israel, Korea & Turkey) – RGFS : + 4
PLURILATERAL ON SERVICES – WHICH COUNTRIES ?
Singapore & Malaysia & Brunei
Mexico
Chile
Peru
Japan
Vietnam
Israel
Canada?Japan?Mexico?
HK & Taiwan
« The voice of the European Service Industries for International Trade Negotiations in Services »
Canada
Plurilateral Services Agreement: OECD (34) + EU (6 non OECD) + Bahrain, Brunei, Colombia, Jordan, Hong-Kong, Liechtenstein, Malaysia, Morocco, Oman, Peru, Singapore, Taiwan, UAE, Vietnam = Total= EU = 1 (27) + 28= 54 Countries
PLURILATERAL ON SERVICES – WHICH COUNTRIES ?
Singapore & Malaysia & Brunei
Mexico
Chile
Peru
Colombia
Japan
Vietnam
Israel
Countries that are underlined represent the potential additional countries; In blue are countries that have signed an FTA with the EU or/and the US, and in mauve are those which are currently negotiating FTA with EU and/or US.
« The voice of the European Service Industries for International Trade Negotiations in Services »
Plurilateral on Services – Coverage and Contents ?
Services exports of this Group to the world represented 81% (US$
2,976 billion) of global services exports in 2010. When intra-EU exports are removed the percentage drops to 74% (US$ 2,092 billion): Critical Mass?
Content: Such an agreement might include:
• Scheduling using Negative List (?)• Removal of all equity caps• Binding of current practise• Adoption of Reference paper on Telecoms• Adoption of Understanding on Financial Services• Adoption of disciplines on Accounting• Adoption of disciplines on State Own Enterprises (SOEs)• Adoption of Investment Protection principles• Increased public procurement market access
« The voice of the European Service Industries for International Trade Negotiations in Services »
ArgentinaAustraliaBangladeshBrazilCanadaChileChinaECEC Presidency (France)Egypt Hong Kong, China
IndiaIndonesiaJapanKorea Lesotho MalaysiaMauritiusMexicoMoroccoNew ZealandNorway
PakistanPhilippinesSingaporeSouth AfricaSwitzerlandChinese TaipeiThailandTurkeyUnited StatesUruguay”
Extract from WTO TNC Chair Report of 30th July 2008: “On Saturday, 26 July, the Conference was held among the following Members:
31 Countries, including EC= 1 (i.e. 27 + 30 = 57 countries)
SCENARIO 3 : PLURILATERAL ON MFN BASIS – PARTICIPATING COUNTRIES TO THE SIGNALLING CONFERENCE ON SERVICES – JULY 2008
« The voice of the European Service Industries for International Trade Negotiations in Services »
Canada
31 countries, including EU = 1, i.e. 27 + 30 = 57
PARTICIPATING COUNTRIES TO THE SIGNALLING CONFERENCE ON SERVICES – JULY 2008
Mexico
Chile
Peru
Colombia
Israel
« The voice of the European Service Industries for International Trade Negotiations in Services »
PLURILATERAL ON SERVICES – WHICH COUNTRIES ?AustraliaAustriaBelgiumCanadaChileCzech RepublicDenmarkEstoniaFinland
FranceGermanyGreeceHungaryIceland IrelandIsraelItalyJapan
KoreaLuxembourgMexicoNetherlandsNew ZealandNorwayPolandPortugalSlovak Republic
SloveniaSpainSwedenSwitzerlandTurkeyUnited KingdomUnited States
OECD Members = 34 countries
: Bulgaria, Cyprus, Latvia, Lithuania, Malta, Romania = 6 other EU countries
All these 40 above listed countries have participated to the Signalling conference in July 2008 (except Israel) = 39 plus: Argentina; Bangladesh; Brazil; China; Egypt; Hong-Kong; India; Pakistan; Indonesia; Lesotho; Malaysia; Mauritius; Morocco; Philippines; Singapore; South Africa, Taiwan; Thailand; Uruguay = 58
NB: In red are the G20 emerging countries that are not OECD Members, and that might not be part of the Plurilateral in Services.
« The voice of the European Service Industries for International Trade Negotiations in Services »
Plurilateral on Services – Coverage and Contents ?
Services exports of this Group to the world represented 91% (US$ 3,385 billion) of global services exports in 2010. When intra-EU exports are removed the percentage drops to 88% (US$ 2,477 billion). Critical Mass?
Content: Such an agreement might include:
• Consolidation of the Multilateral trading system; • Binding under WTO Rules, MFN basis,• Consolidation of liberalisation in OECD countries • Increased market access in Emerging Countries (? – Although
largely insufficient! – Argentina, Brazil, China, India, ASEAN, etc.)
• Regulatory disciplines (?)• ….
« The voice of the European Service Industries for International Trade Negotiations in Services »
KEY QUESTIONS: How to measure the “free riders” effect?
• Share (%) of key emerging countries in the global services trade? (BRICS + Argentina + 6 ASEAN = +/- 16%/18%)
• Share of new market obtained by a new ISA Art. 5 that will not be open to non-signatories?
• Do we want to exclude Emerging countries from our markets? (FDI in EU)
• Can we exclude them through our regulation and already open markets?
« The voice of the European Service Industries for International Trade Negotiations in Services »
• Importance of keeping open the initiative to Key Emerging Countries (BRICS + ASEAN, etc.)
• How to make sure that the emerging countries will be able to join later?– Negative list approach?– Too high regulatory disciplines?– Disciplines on State Owned Enterprises ?
« The voice of the European Service Industries for International Trade Negotiations in Services »
What are the legal instruments available?
• Continuation of the DDA (MFN)– Annex C Honk Kong Ministerial Declaration (2005)
• Article XIX GATS (MFN)– Build-in agenda – New services negotiations every
5 years• Article V GATS (Non MFN)
– FTA compatible with WTO– Must have “substantial sectoral coverage”
in terms of number of sectors, volume of trade and modes of supply.
