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N. Rochester-King - Trade Agreement 101: Services Trade
N. Rochester-King - Trade Agreement 101: Services Trade
N. Rochester-King - Trade Agreement 101: Services Trade
N. Rochester-King - Trade Agreement 101: Services Trade
N. Rochester-King - Trade Agreement 101: Services Trade
N. Rochester-King - Trade Agreement 101: Services Trade
N. Rochester-King - Trade Agreement 101: Services Trade
N. Rochester-King - Trade Agreement 101: Services Trade
N. Rochester-King - Trade Agreement 101: Services Trade
N. Rochester-King - Trade Agreement 101: Services Trade
N. Rochester-King - Trade Agreement 101: Services Trade
N. Rochester-King - Trade Agreement 101: Services Trade
N. Rochester-King - Trade Agreement 101: Services Trade
N. Rochester-King - Trade Agreement 101: Services Trade
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N. Rochester-King - Trade Agreement 101: Services Trade

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  • 1. TRADE AGREEMENTS 101 www.crnm.org Natallie Rochester-King
  • 2. 2 Implications of Trade Agreements for Service Providers Implications of Trade Agreements for Services Providers
  • 3. Presentation Outline 3 CARICOM Network of Services Trade Agreements What is negotiated in an agreement on trade in services ? Pros & cons for local services suppliers How can CARICOM services suppliers influence negotiations? How can CARICOM services suppliers take advantage of trade agreements? Checklist Checklist- what services suppliers need to know Implications of Trade Agreements for Services Providers
  • 4. CARICOM Network of Services 4 Trade Ag T d Agreementst CARICOM Single Market & Economy CARIFORUM-EC CARIFORUM EC EPA World Trade Organisation (GATS) Built in agenda CARICOM-Costa Rica/ SICA CARICOM C Ri / CARICOM Cuba CARICOM-Dominican Republic FTA Implications of Trade Agreements for Services Providers
  • 5. BACKGROUND 5 Services classified using internationally agreed systems (UN CPC) Approach to listing – positive, negative, hybrid Positive list separates four modes of supply of services M1 Cross Border Services M2 Consumption Abroad M3 Commercial Presence/Establishment M4 Movement of Natural Persons Commitments on market access & national treatment listed in a schedule Provisions on Definitions,Objectives,Scope & Coverage,Exceptions, Regulation, Cooperation, Future Liberalisation, Dispute Settlement Agreement can set out a built-in agenda e.g. negotiation of other areas, A b il i d i i f h specific cooperation WTO obligations affect the scope of bilateral agreements Implications of Trade Agreements for Services Providers
  • 6. What is negotiated in an agreement on trade in services ? 6 KEY PRINCIPLES MOST FAVOURED NATIONAL TREATMENT Extension of most favourable treatment of services & suppliers of any other Member/ nation to like services & services suppliers of a Member/ the other Party (WTO - automatic EPA – linked to major automatic, trading economy & EC has option) Some Members listed MFN exemptions in WTO BILATERAL ECONOMIC INTEGRATION (GATS Article V) Some WTO Members can grant each other better treatment in an economic integration agreement if there is inter alia: substantial sectoral coverage, removal of discriminatory measures, standstill notification of agreement and of any changes to WTO schedule to inform other Members with market interests Implications of Trade Agreements for Services Providers
  • 7. What is negotiated in an agreement on trade in services ? 7 MARKET ACCESS Limitations & conditions agreed & listed in Schedule and granted on MFN basis Types of limitations & conditions M1 - requirement for local presence (M3); local mandatory standards on software M2 – no insurance portability for hospital services M3- numerical quotas, ENTs, residency/ nationality/ legal form/local equity requirement limits on transaction value access to requirement, value, infrastructure for services supply M4 – work permits, labour market test, quotas Implications of Trade Agreements for Services Providers
  • 8. What is negotiated in an agreement on trade in services ? 8 N ON NATIONAL TREATMENT M N A Member/Party is obliged to grant treatment no less favourable than that accorded to its own like services & services suppliers (or in like circumstances) in respect of measures affecting the supply of services … i.e. bj t t i subject to scheduled li it ti h d l d limitations & conditions diti Formally identical or formally different treatment should not affect conditions of competition in favour of national services suppliers Restrictions and conditions M1 – hi h taxes on mail order goods higher il d d M2 – discriminatory currency controls for visitors M3- joint venture / different capital/ local employment/ firm name requirements M4- nationality/residency/ licensing/ qualifications requirement Implications of Trade Agreements for Services Providers
  • 9. Pros & Cons of trade agreements for services suppliers Legal commitment to allow services Commitments in related areas supply in mkt standstill on barriers mkt, e.g. IP, Competition, , Co pe o , Better access to partner markets than E-commerce, Data Protection other countries Settlement relevant disputes 3rd country investment attraction tool Regular Review Investors/personnel allowed for Low services supply capacity establishment in new mkt Limited knowledge of markets Transparency of regime in partner mkt Potential mismatch of services (MA/NT granted, notifications, enquiry / supplied & market access points) secured Clear basic principles for regulation Increased competition in domestic Technical T h i l cooperation/assistance ti / i t market k t Consultation & dialogue with other side Inadequate regulation for sectors on related issues opened Other cooperation e g advance notice e.g. Low admin capacity to fulfil of travel advisories obligations
  • 10. How can services suppliers 10 influence negotiations? i fl g ti ti ? Form associations at the sector level (nationally and regionally) & take advantage of CSI network Conduct research on partner markets & new market p p prospects Develop sector growth strategies Determine negotiating position based on sensitivity & need for in estment investment Prepare position papers to feed into decision/policy making & improve advocacy Participate in Technical Working Groups through regional representative associations Implications of Trade Agreements for Services Providers
  • 11. How can services suppliers take 11 advantage of trade agreements? d t g ft d g t ? Know & analyse outcomes i main sector, related sectors & K l in i l d other relevant areas e.g. IP Improve knowledge of partner countries & target markets Develop strategies for using trade and cooperation commitments in agreements g Monitor, evaluate, influence & participate in institutions created to implement agreement Assess real impact of the agreement regularly Implications of Trade Agreements for Services Providers
  • 12. Services Suppliers Need to Know … 12 What services are demanded in partner markets? p Are these trends expected to change? What can/could y supply? / you pp y Are you/could be a competitive supplier? What policies, supportive services or infrastructure p , pp do you/would you need? What are the barriers to services trade in partner markets in sectors of interest ? Implications of Trade Agreements for Services Providers
  • 13. USEFUL LINKS 13 Office of Trade Negotiations, CARICOM Secretariat - www.crnm.org United Nations Central Product Classification (UN CPC) - http://unstats.un.org Text of Trade Agreements of American States www.sice.oas.org WTO Services Gateway - http://www wto org/english/tratop e/serv e/serv e htm http://www.wto.org/english/tratop_e/serv_e/serv_e.htm Canada DFAIT http://www.dfait-maeci.gc.ca/international/index.aspx Dominican Republic Chamber of Commerce - http://www.camarasantodomingo.org.do/ European Commission - http://ec europa eu/trade/ http://ec.europa.eu/trade/ MERCOSUR - http://www.mercosur.int/msweb/Portal%20Intermediario/ United States Trade Representative - www.ustr.gov United States International Trade Commission - www usitc gov www.usitc.gov Implications of Trade Agreements for Services Providers
  • 14. Thank You 14 Please visit our Website: http://www.crnm.org http://www crnm org Contact: C t t Mrs. Natallie Rochester-King Technical Advisor, Services , natallie.rochester@crnm.org Tel: +1876 908 2063 Fax: +1876 754 2998 Implications of Trade Agreements for Services Providers

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