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 »
