Transcript « The voice of the European Service Industries for International Trade Negotiations in Services » The New Economic and Free Trade Agreement between.

« The voice of the European Service Industries for
International Trade Negotiations in Services »
The New Economic and Free Trade
Agreement between the EU and Canada
“The Opportunities from a EU-Canada FTA
for the EU Services Sectors”
Pascal Kerneis
Managing Director
ESF (European Services Forum)
« The voice of the European Service Industries for
International Trade Negotiations in Services »
World Economy:
Percentage of GDP by Sector, 2007
« The voice of the European Service Industries for
International Trade Negotiations in Services »
EU-27 International Trade in Services with non-EU Countries 2007, EUR bn
Rank
Country
Trade
Volume
Exports
Imports
Balance
1 USA
266 852
139 135
127 717
11 417
2 Switzerland
105 490
61 503
43 987
17 516
3 Japan
33 183
19 378
13 805
5 573
6 China
31 535
17 766
13 769
3 996
4 Russia
31 268
19 238
12 030
7 208
5 Norway
30 920
19 008
11 912
7 096
7 Canada
21 343
11 695
9 648
2 047
8 Singapore
18 530
11 397
7 133
4 264
9 Turkey
18 517
6 617
11 900
-5 282
10 Australia
17 031
10 747
6 284
4 463
« The voice of the European Service Industries for
International Trade Negotiations in Services »
EU-Canada Trade - Share of services
(2006 - € Bn)
Total Trade Volume
62.2
Total Trade Vol. Ser.
16.0
EU Goods Exports
26.6
EU Goods Imports
19.6
Balance
27.7%
7
EU Services Exports
8.5
EU Services Imports
7.5
Balance
1
EU FDI Flows 2005 -2007 with Canada
2005
2006
2007
Outflows
Inflows
11.9
4.9%
31.1
9.8%
42.9
8.9%
8.0
6.2%
10.6
5.3%
10.3
2.8%
If 65% outflows in services = 55,8 € Bn in 3 years
If 86% inflows in services = 24.8 € Bn in 3 years
24%
« The voice of the European Service Industries for
International Trade Negotiations in Services »
WHAT DOES ESF EXPECTS FROM
THESE FTA NEGOTIATIONS (1)
• Removal of FDI restrictions in non sensitive sectors
(energy, telecommunications, transport)
• Openness of the automotive insurance sector
• Improve access to Canada’s procurement market
(beyond federal level, extension of coverage to include
procurement in public services space like health,
education, IT, etc.)
• Improvement of Mode 4 access at provincial level
• Singing of Mutual Recognition Agreements of diplomas
and qualifications in professional services
« The voice of the European Service Industries for
International Trade Negotiations in Services »
WHAT DOES ESF EXPECTS FROM
THESE FTA NEGOTIATIONS (2)
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GATS +

DDA +
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NAFTA + or NAFTA Parity !
?
Regulatory Cooperation Dialogue

Early Warning Mechanism

Regulatory alert system

Prior consultation with business community
« The voice of the European Service Industries for
International Trade Negotiations in Services »
WHAT DOES ESF EXPECTS FROM
THESE FTA NEGOTIATIONS (3)
ESF Preliminary Assessment of Canada’s Revised Offer
• A rather weak offer, Lack of leadership
A weak offer in the GATS negotiations reflects negatively on
Canada’s image as an open global trading partner. Canada’s
offer remains weak in many important services sectors, like
Financial Services, Distribution services, postal & courier
services, etc.
• Lack of clear-cut new commitments
The revised offer does not cover many services sectors. The EU’s
requests to the Canadian negotiators - reflecting the requests of
the European services industry - have been largely ignored.
« The voice of the European Service Industries for
International Trade Negotiations in Services »
WHAT DOES ESF EXPECTS FROM THESE FTA NEGOTIATIONS (4)
ESF Preliminary Assessment of Canada’s Revised Offer
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Horizontal Commitments: Good offer in Mode 4
Professional Services: Very little
Other Business Services: Disappointing offer
Postal and courier Services: Very little new
Telecommunications: Very little new
Construction: Acceptable offer
Distribution Services: Disappointing offer
Environmental Services: Disappointing offer
Financial Services: Very disappointing offer
Tourism and Travel-related Services: Very little
News Agency Services: No offer
Transport Services: Disappointing offer
Energy Related Services: No offer – Bad Offer