Survey
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
«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