Date: 2020
Type: Contribution to book
Financial services liberalization under EU FTAs : the case of clearing and settlement services
Wolfgang WEIß and Cornelia FURCULITA (eds), Global politics and EU trade policy : facing the challenges to a multilateral approach, Cham : Springer, 2020, pp. 65-87
PAPACONSTANTINOU, George A., Financial services liberalization under EU FTAs : the case of clearing and settlement services, in Wolfgang WEIß and Cornelia FURCULITA (eds), Global politics and EU trade policy : facing the challenges to a multilateral approach, Cham : Springer, 2020, pp. 65-87
- https://hdl.handle.net/1814/69577
Retrieved from Cadmus, EUI Research Repository
This Chapter maps out how the liberalization of financial services in EU FTAs compares and contrasts with the multilateral trading system. The increasing importance of regional trade agreements in international economic law makes this exercise highly topical. This study assesses the liberalization depth of financial instruments’ clearing and settlement services in FTAs because of their prominence in the financial markets’ post-crisis reform. This Chapter’s findings indicate that the integration of financial services in EU FTAs goes beyond the threshold achieved at the WTO and that the EU strategically decides on what type of FTAs it pursues furthering the liberalization of financial services. In addition, the analysis reveals the existence of silos in WTO Member’s administrations between trade and finance teams.
Cadmus permanent link: https://hdl.handle.net/1814/69577
Full-text via DOI: 10.1007/978-3-030-34588-4_4
ISBN: 783030345884
Publisher: Springer
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