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European Union services liberalisation in CETA

Author

Listed:
  • Julia Magntorn

    (UK Trade Policy Observatory, University of Sussex)

  • L. Alan Winters

    (UK Trade Policy Observatory, University of Sussex)

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.

Suggested Citation

  • Julia Magntorn & L. Alan Winters, 2018. "European Union services liberalisation in CETA," Working Paper Series 0818, Department of Economics, University of Sussex Business School.
    • Handle: RePEc:sus:susewp:0818
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    File URL: http://www.sussex.ac.uk/economics/documents/wps-08-2018.pdf
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    More about this item

    Keywords

    services trade; CETA; GATS; Brexit;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • L8 - Industrial Organization - - Industry Studies: Services

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