Download ESF message for Cancun

«The voice of the European Service
Industries in the GATS negotiations»
www.esf.be
WHY DO WE NEED
THE WTO MINISTERIAL IN CANCUN
TO BE A SUCCESS ?
• The world economy is in serious difficulty.
• Unemployment is rising again.
• The opening of new markets, particularly in the
services sectors – which represent more than 70% of
the European economy - will create the investment,
jobs and exports we all need.
• CEOs and company heads need good news: success
at Cancun will have a positive effect on the world
economy… Conversely, failure will undoubtedly
worsen the economic crisis.
• ESF urges all WTO Trade Ministers to keep this
message in mind so as to ensure success at the
Ministerial:
– Do not let progress in the WTO services negotiations
become a hostage to agriculture;
– Do encourage initial offers in services negotiations by
fixing new intermediary deadlines.
– Do launch the negotiations on the “Singapore issues”,
without trying to anticipate the results,
– Let’s conclude the DDA round on schedule in
December 2004.
«The voice of the European Service
Industries in the GATS negotiations»
THE IMPORTANCE OF
SERVICES IN THE EUROPEAN
& WORLD ECONOMIES
Services Share of
GDP in 2000
70
60
50
40
30
20
10
Services represent more than
65% of GDP in Developed Countries
and more than 50%
in Developing Countries
0
Agriculture
Industry
Developed
Services
Developing
Services Share of World Trade
Services
26%
Services represent 26%
of world trade
Services represent more than 70%
of employment in the EU and
in most Developed Countries
Services represent more than
70% of all enterprises in the EU
Agriculture
& Industry
74%
Services
Agriculture & Industry
Services Share of Employment in EU
Agriculture
and
Industry
30%
Services
70%
More than 55% of EU
Services Companies are
SMEs (-50 employees)
Services represent more than
60% of Foreign Direct Investment
For further information:
www.esf.be
Services
Agriculture and Industry
Services Share of FDI
Agriculture
and
Industry
40%
Services
60%
Services
Agriculture and Industry