UK – EU FTA
CPTPP 2018
EU- Japan 2019
CETA 2018 NAFTA 1994
WTO 1994
GATT 1947
TRADE AGREEMENT APPROACH• Outcome based approach • Many ways to achieve outcome (i.e. competition in regulation)• Downward pressure on tari�s and regulatory barriers• Increasingly uses deemed equivalence and regulatory recognition, including of underlying product regulation, to facilitate goods and services trade• Liberalising e�ect on rest of world
COMPLETION OF SM
DIGITAL SINGLE MARKET
SINGLE MARKET IN SERVICES
SINGLE MARKET IN GOODS
CUSTOMS UNION
IDENTICAL REGULATIONAPPROACH• Process based approach• Structurally agnostic about nature of regulation• Moving toward identical regulations across good and services within a bloc• Upward pressure on tari�s and regulatory barriers from interest groups• Agnostic about e�ect on rest of world
ALTERNATIVE APPROACHES TO FACILITATING GLOBAL TRADE
Shanker Singham, CEO, CompetereFor further information contact: [email protected] https://competere.co.uk/UK-EU-FTA
INCREASING REDUCTION IN TARIFFS AND REGULATORY BARRIERS TO TRADE
INCREASING SCOPE AND DEPTH OFREGULATORY CONVERGENCE
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