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« 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 »
1. The European Services Forum
2. International trade in services
3. EU- Canada and Services
4. The significance of services to the
world economy and world trade
5. 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.
• 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
Music)
For more information, see www.esf.be
« The voice of the European Service Industries
for International Trade Negotiations in Services»
ESF Members include:
« The voice of the European Service Industries
for International Trade Negotiations in Services»
Services Share of World Trade – 2007 - %
Services;
26
Manufactu
ring
Goods;
67
Agriculture
Agriculture
;7
Industry
Services
The Services sector generates 90% of new jobs in the EU15
World Economy:
Percentage of GDP by Sector, 2006
Trends in World Trade in Services
450
400
350
300
250
200
150
100
50
0
a
ia
al
tr
us
A
sia
us
nd
R
la
er
itz
Sw re
o
ap
ng r ea
Si
o
K
h
ut
So
a
ad
an
n
hi
C
C
n
pa
Ja
SA
U
27
EU
2003
2004
2005
2006
International Trade in Services
28.9%
42.2%
« The voice of the European Service industries for the International
trade in services negotiations »
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
6 China
33 183
31 535
19 378
13 805
5 573
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 the GATS negotiations »
Trade between Member States exceeds Extra-EU trade
€ 679.6bn
€ 498.5bn
Source: Eurostat
TOTAL EXPORT (intra + extra: 1178.1 Bio €)
What does FDI include?
• FDI Capital Flows
• FDI income
• FDI stocks in a
country at the end
of the year
2500
2000
Total Extra EU
outward flows
Total Extra EU
FDI Income
Total Extra EU
Assets
1500
1000
500
0
2003
2004
2005
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)
« The voice of the European Service
Industries for the GATS negotiations »
86% of the investment coming to the EU are
done in the Services sectors;
Canada-EU: Trade in services
« The voice of the European Service
Industries for the GATS negotiations »
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