European Union services liberalisation in CETA

Julia Magntorn () and L. Winters
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Julia Magntorn: UK Trade Policy Observatory, University of Sussex

Working Paper Series from Department of Economics, University of Sussex Business School

Abstract: The Comprehensive Economic and Trade Agreement (CETA) between the EU and Canada has been suggested as a template for a future UK-EU trade relationship. To inform the ongoing debate surrounding a ‘Canada plus’ deal post-Brexit, this paper assesses in detail the services and investment chapters of CETA. We have scored each of the EU’s detailed commitments in CETA according to their degree of liberalisation, and aggregated the scores across member states and sub-sectors to provide a broad comparison between sectors. We find that, while in some sectors the EU is relatively open in CETA, in other sectors important to the UK such as financial services and transport services it remains significantly restricted. Further, we evaluate the extent to which the EU’s commitments in CETA improve on its pre-CETA commitments under the General Agreement on Trade in Services (GATS). This shows that although CETA generally offers a bit more liberalisation than the EU’s GATS schedule, it nevertheless follows the latter closely, so that sectors that are relatively protected under GATS remain protected in CETA.

Keywords: services trade; CETA; GATS; Brexit (search for similar items in EconPapers)
JEL-codes: F15 F53 G28 L8 (search for similar items in EconPapers)
Date: 2018-03
New Economics Papers: this item is included in nep-eec and nep-int
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Persistent link: https://EconPapers.repec.org/RePEc:sus:susewp:0818

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