The New Economic and Free Trade Agreement between the EU and Canada “The Opportunities from a...
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Transcript of The New Economic and Free Trade Agreement between the EU and Canada “The Opportunities from a...
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 »
«The voice of the European Service Industries for International Trade Negotiations in Services »
1. The European Services Forum2. International trade in services3. EU- Canada and Services4. The significance of services to the
world economy and world trade5. Where does the majority of FDI go?
« The voice of the European Service Industries for International Trade Negotiations in Services»
ESF covers the majority of European services sectors:
• Insurance• Banking• Business services: IT &
Computer; consulting, advertising, after-sales services
• Professional services: legal services, accountants, architects, engineers
• Construction services• Distribution services• Publishing services (incl.
Music)
• Postal & Express Delivery services
• Audio-visual services
• Energy related services
• Environmental services
• Telecommunication services
• Tourism
• Air Transport
• Maritime Transport
But no members in Education or Health services
For more information, see www.esf.be
« The voice of the European Service Industries for International Trade Negotiations in Services»
ESF Members include:
Services; 26
Agriculture
; 7
Manufacturing
Goods; 67
Services Share of World Trade – 2007 - %
« The voice of the European Service Industriesfor International Trade Negotiations in Services»
The Services sector generates 90% of new jobs in the EU15
Services
Agriculture
Industry
World Economy:Percentage of GDP by Sector, 2006
Trends in World Trade in Services
050
100150200250300350400450
2003 2004 2005 2006
International Trade in Services
28.9%
42.2%
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
EU-27 International Trade in Services with non-EU Countries 2007, EUR bn
« The voice of the European Service industries for the International trade in services negotiations »
« The voice of the European Service Industries for the GATS negotiations »
Trade between Member States exceeds Extra-EU trade
Source: Eurostat TOTAL EXPORT (intra + extra: 1178.1 Bio €)
€ 679.6bn
€ 498.5bn
What does FDI include?
• FDI Capital Flows• FDI income• FDI stocks in a
country at the end of the year
0
500
1000
1500
2000
2500
2003 2004 2005
Total Extra EUoutward flowsTotal Extra EUFDI IncomeTotal Extra EUAssets
Services contribute to the largest share of FDI (1)444,1 Bn € were invested in Services sectors by the EU in 4 years(63,6 % of total 697,5 Bn €) (extra EU)
Services contribute to the largest share of FDI (2)
86% of the investment coming to the EU are done in the Services sectors;
« The voice of the European Service Industries for the GATS negotiations »
Canada-EU: Trade in services
Thank you for your attention!Pascal KERNEIS
Managing Director
European Services Forum – ESF
168, Avenue de Cortenbergh
B – 1000 – BRUSSELS
Tel: + 32 2 230 75 14
Fax: + 32 2 320 61 68
Email: [email protected]
www.esf.be
« The voice of the European Service Industries for the GATS negotiations »