Financial services rules in the WTO explored by Committee
13 March 2019
The EU Financial Affairs Sub-Committee discusses with trade experts the position of financial services in the World Trade Organization (WTO), in a one-off evidence session on Wednesday 13 March
Wednesday 13 March 2019 in Committee Room 4A, Palace of Westminster
- Dr Lorand Bartels, Senior Counsel, Linklaters LLP and Reader in International Law, University of Cambridge
- Eric White, Consultant, Herbert Smith Freehills
- How developed are the provisions for financial services at the WTO compared to those for goods or other types of services?
- How is the 'prudential carve-out' applied in practice? To what extent can its use undermine the commitments made under the General Agreement on Trade in Services (GATS)?
- How could the limitations of WTO rules for financial services be addressed, such as through a free trade agreement?
- Given that the UK is currently entirely aligned with EU rules, could a lack of EU equivalence decisions for the UK be challenged at the WTO?