English

Publicatielijst

Vander Stichele, M.

TitelBusiness as usual? : how free trade agreements jeopardise financial sector reform  
AuteursM. Vander Stichele, R. van Os
Jaar2010
UitgeverSOMO
PlaatsAmsterdam
Pagina's15
ISBN978-90-71284-71-7  
SerietitelSOMO Paper
SerienummerDecember
OrganisatieSOMO - Centre for Research on Multinational Corporations
OnderwerpEconomic Development and Trade
Trefwoordenfinance, international cooperation, trade
SamenvattingThe recent financial crisis has led to widespread recognition of the need to re-regulate the financial sector and reverse financial liberalisation. Yet the current wide-ranging financial reform agenda in the European Union (EU) and other countries is in sharp contrast with the pre-crisis model still being applied in free trade negotiations. The negotiations in the General Agreement on Trade in Services (GATS) and other Free Trade Agreements (FTAs) continue to liberalise trade and investment in a wide range of risky and non-risky financial services as if the financial crisis never happened. As a result, trade rules can be in contradiction with new or proposed EU financial regulations. This is illustrated in this paper with specific examples from the GATS, the Cariforum-EU Economic Partnership Agreement (EPA) and the EU-South Korea FTA. This discussion paper aims to stimulate the public and political debate about the need to change direction in the ongoing GATS and FTA negotiations on liberalisation of financial services.  
TaalEngels
CategorieResearch
Soort documentRapport
Rechten© 2010 SOMO
Download bestand