Seminar on EU-Korea FTA: Non-Financial Services
|
|
- Simon Caldwell
- 6 years ago
- Views:
Transcription
1 Seminar on EU-Korea FTA: Non-Financial Services June 20, 2011 By Yeojin Yi
2 Contents Trade in Services between Korea and the EU Overview of EU s Service Market Bilateral Trade in Services Korea s Service Market and Issues Impact of Korea-EU FTA on Service Key Areas of Service Liberalization Transportation Service Distribution Telecommunication Postal and Courier Service Environmental Service
3 Trade in Services between Korea and the EU
4 Overview of EU s Service Industry EU is the world s largest service exporter and its market share continues to rise each year In 2008, EU (26%, excluding intra-eu service trade), US (17.3%), Japan(5.8%), China (5.6%), Korea (3.1) Biggest service trade partners are US, Switzerland, China, Japan and Russia In 2008, Korea was EU s 14th largest trading partner in services with export of 7. 9 bn and import of 4.4 bn Within EU, UK and Germany are the top two players in the service market, constituting 36% of total EU trade in services in 2008 UK also records the largest surplus with non-eu countries (in 2009, 49.2 bn) Services sector accounts for 71% of EU GDP and 67% of EU employment Highest trade surplus in: other business services ( 29.9 bn), financial services ( 26.2 bn), and transportation ( 21.5 bn) Biggest deficits in: travel ( bn), royalties/license fees ( bn) 4 l
5 Bilateral Trade in Services EU has enjoyed surplus in services trade with Korea since 2004, with annual growth rate of about 30% (an aggregate 66% increase in ) Source: Eurostat 2009 Goods export Goods import Services export Services import 5 l
6 EU27 Trade in Services with Korea (Million Euro) Eurostat 2009 Credit Debit Net TOTAL 5,912 6,759 7,212 3,484 3,973 3,961 2,428 2,786 3,251 Of which: Transportation 2,230 2,622 3,007 1,925 2,165 2, Travel Other services 3,251 3,550 3,619 1,319 1,497 1,626 1,932 2,053 1,993 of which: Communication Construction Insurance Financial Computer and IT Royalties/license fees Other business services* 1,906 1,978 1, ,188 1,231 1,065 Cultural, recreational Government TOTAL extra-eu , , , , , ,399 43,114 68,525 84,124 Korea/total extra-eu27 1.5% 1.5% 1.4% 1.0% 1.0% 1.0% * Other business services comprise merchanting and other trade-related services, operational leasing services and miscellaneous business, professional and technical services 6 l
7 Overview of Korea s Service Industry Traditionally, Korea s development strategy was focused on manufacturing sector, while service sector was sheltered from international competition As Korea s economy further develops, value added by the service industry and employment derived from service industry are also growing However, compared to other advanced economies, value added by the service industry is still small low efficiency and productivity 52.4% of GDP (2010), whereas US, EU, Japan range among 70-80% Most service-related employment occurs in such low value-added industry as wholesale/retail, food & beverage, hotel & lodging Value added from such industries account for 9.7% but they employ 32.7% of workforce Such high value-added industries as finance, real estate, business services created merely 21.6% of value added (cf. Luxemburg: 47.3%) Recently, education, healthcare, contents/software industries are showing potentials for faster growth 7 l
8 Korea s Trade in Services ( ) Rank Imported Services Percentage (%) 1 Transportation Business services Travel Royalties, license fees Construction Communication Government Insurance Personal, cultural, recreational Financial services Computer/IT l
9 Korea-EU FTA and Korea s Service Industry Korea-EU FTA achieved KORUS PLUS liberalization in trade in services Almost 50% of the total trade volume newly created by the Korea-EU FTA will come from services (Copenhagen Economics 2007) Output of Korea s services industry will expand by % (KIEP 2009) At the same time, Korea s deficit from trade in services will rise, especially from such high value-added areas as financial services, professional services, royalties and license fees Before KORUS FTA enters into force, EU service providers will enjoy first-mover s benefit European Services Forum was one of the most active supporters of Korea-EU FTA 9 l
10 OECD: Problems of Korea s Service Industry Industry Structure Low profitability Mom & Pop stores (less than 4 employees) take up 86.3% of entire service industry Productivity in wholesale/retail or hotel/lodging services is at 20% level of advanced countries Limited variety Insufficient capital for re-investment Potential for Growth? Regulatory Background High entry barriers Entry barriers exists in 1/3 of entire 543 service industries More than 50% of communication, finance/insurance, education services has some kind of entry barrier Competition-restrictive regulations (public service, medical service, zoning) and protection against establishment (Mode 3) External Environment Little attraction for FDI From 2000, FDI in financial, business services is slowly on the rise Still, Korea s FDI/total investment in service is low (1.8%, compared to 10.4% of US and 9.5% of France) 10 l
11 EU Trade in Services with Korea: Net Surplus Estimation of FTA Impact Current Trend 5 bn net surplus in 5 years (190% in 5 years) Net gain after 5 years of FTA: 2.2 bn Source: Eurostat/ESF 11 l
12 Key Areas of Service Liberalization Under the Korea-EU FTA
13 Transportation Services Shipping: Full market access and non discriminatory treatment in the use of port services and infrastructure, related fees and charges, customs facilities and assignment of berths and facilities for loading/unloading in Korea Air transport services: Improved market access for EU services into Korea (aircraft registered in EU may be leased to Korean air carrier in specific circumstances) However, national maritime cabotage, some aircraft services (repair and maintenance, selling and marketing of air transport services, CRS services, handling services, rental services) may be restricted with regard to Mode 1 (market access) Passenger road transport (scheduled buses, taxi) is not liberalized, due to its direct impact on citizens Freight transport: given saturation of domestic market, this area remains closed except for maintenance and repair of road equipment, subject to ENT 13 l
14 Distribution Services: Wholesale Not committed to liberalize pharmaceutical, medical goods, functional goods, and items subject to limitations under Mode 3 ENT required for wholesale trade of used cars, gaseous fuels and related products Main criteria for ENT: formation of reasonable prices, number of and impact on existing suppliers for balance of demand and supply, healthy development of industry, establishment of orderly trade. Population density, traffic, environmental pollution, local conditions and other local characteristics as well as public interest. Alcoholic beverages wholesale distribution services: authorization required from the head of relevant tax office, subject to ENT Minister for Health and Welfare controls the supply and demand of the wholesale distribution of certain imported Asian medicinal herbs 14 l
15 Distribution Services: Retailing Not committed to liberalize pharmaceutical, medical goods, functional goods, and items subject to limitations under Mode 3 Excludes retail trade of tobacco, rice, red ginseng and gas station business from liberalization Retailing for used cars and gaseous fuels are subject to ENT Sale of alcoholic beverages by telephone or in electronic commerce is prohibited Only a natural person that is a licensed an gyung-sa (optician or optometrist) that has established an office in Korea may engage in optician or optometry service Only a licensed an gyung-sa may establish an office; only one office is permitted per an gyung-sa A person supplying pharmaceutical product retail distribution services (including Asian medicinal herbs) may not establish more than one pharmacy nor establish in the form of a corporation Issues of SSM laws: Distribution Industry Development Act, Act on the Promotion of Collaborative Cooperation between Large Enterprises and Small- Medium Enterprises 15 l
16 Telecommunications Services Satellite broadcasting: In two years after the FTA enters into force, Korea will permit cross-border supply of television and radio signals transmission services through satellite facilities without commercial arrangements (however, domestic to domestic transmission by satellite is excluded) Currently, a foreign operator must enter into a commercial contract with a domestic provider for transmission services (Article 87 of Electronic Communication Business Act) Foreign ownership requirements in Korea will be relaxed Restriction on foreign ownership of public telecommunications services will remain at 49% (subject to public interest test) However, in case of indirect investment through a Korean subsidiary, up to 100% of ownership will be permitted in two years (except for KT and SK) A foreign investor may not be the largest shareholder of KT Corporation, except it if holds less than 5% of the total voting shares of KT Korea has also committed to simplify conformity assessment of broadcasting and telecommunications equipment/materials in three years 16 l
17 Postal and Courier Services In three years, Korea commits to amend the Postal Service Act to expand exceptions to the letter-posts monopoly of the Korean Postal Authority by including international document express delivery service Proposed amendment of Article 3 of the Enforcement Decree of the Postal Service Act (applies to all foreign courier service providers) reflects this commitment A trucking business license for domestic courier supply is subject to an economic needs test. DHL plans to provide such services at convenient stores; domestic service providers also created dedicated teams or premium service products in anticipation The market for express delivery services in Korea is estimated at KRW 1 trillion (18 million delivery per year) 17 l
18 Environmental Services In outsourcing collection and treatment services of non-industrial waste water to a private provider through competition procedures, Korea commits to grant non-discriminative treatment to EU service suppliers in five years after the FTA takes force However, provision of such services at central or local level may be subjected to public monopoly or exclusive rights granted through concession contracts Notwithstanding, public authorities retain the possibility to Apply exclusive rights Choose freely management arrangement for the services Choose the mode of attribution of the exclusive rights (open competition or not), and Change from one mode of management to another (e.g. to return to a public monopoly at the end of a concession contract) 18 l
19 19 l
EUROPEAN UNION SOUTH KOREA TRADE AND INVESTMENT 5 TH ANNIVERSARY OF THE FTA. Delegation of the European Union to the Republic of Korea
EUROPEAN UNION SOUTH KOREA TRADE AND INVESTMENT 5 TH ANNIVERSARY OF THE FTA 2016 Delegation of the European Union to the Republic of Korea 16 th Floor, S-tower, 82 Saemunan-ro, Jongno-gu, Seoul, Korea
More informationSection 2: Schedule of Costa Rica
Section 2: Schedule of Costa Rica Modes of supply: (1) Cross-border supply (2) Consumption abroad (3) Commercial presence I. HORIZONTAL COMMITMENTS ALL SECTORS AND SUBSECTORS INCLUDED IN THIS SCHEDULE
More informationANNEX II SINGAPORE S RESERVATIONS TO CHAPTER 9 (INVESTMENT) & CHAPTER 10 (CROSS-BORDER TRADE IN SERVICES)
ANNEX II SINGAPORE S RESERVATIONS TO CHAPTER 9 (INVESTMENT) & CHAPTER 10 (CROSSBORDER TRADE IN SERVICES) 1. All Sub Obligations Concerned National Treatment (Article 10.3) MostFavouredNation Treatment
More informationANNEX I SCHEDULE OF SINGAPORE INTRODUCTORY NOTES. 1. Description sets out the non-conforming aspects of the measure to which the entry applies.
ANNEX I SCHEDULE OF SINGAPORE INTRODUCTORY NOTES 1. Description sets out the non-conforming aspects of the measure to which the entry applies. 2. In accordance with Article 9.12.1 (Non-Conforming Measures)
More informationTrade in Services Division World Trade Organization
Trade in Services Division World Trade Organization Issues to be addressed: What is a schedule? What is in a schedule? How should a schedule be formulated? List approach Format Terminology What are the
More informationThe benefits of the FTA for the European Services Sectors Mr. Pascal KERNEIS, Managing Director European Services Forum - ESF
The benefits of the FTA for the European Services Sectors Mr. Pascal KERNEIS, Managing Director European Services Forum - ESF ESF covers most services sectors, including: Insurance & insurance intermediation
More informationSwiss Global Finance. Facts and Figures
Swiss Global Finance Facts and Figures Latin America Bilateral Economic Relations Switzerland s Main Trading Partners in Latin America Share of Total Goods Exports (in % of total Swiss exports to Latin
More informationANNEX I. Reservations for Existing Measures. Schedule of Korea Explanatory Notes
ANNEX I Reservations for Existing Measures Schedule of Korea Explanatory Notes 1. Korea s Schedule to this Annex sets out, pursuant to Articles 8.9.1 and 9.6.1, Korea s existing measures that do not conform
More informationAPPENDIX 2 TO ANNEX VIII ICELAND SCHEDULE OF SPECIFIC COMMITMENTS
APPENDIX 2 TO ANNEX VIII ICELAND SCHEDULE OF SPECIFIC COMMITMENTS I. HORIZONTAL COMMITMENTS ALL SECTORS INCLUDED IN THIS SCHEDULE 3) All foreign investment and currency transfers must be reported to the
More informationSpecial Feature Service Sector
Special Feature Service Sector D iscussions of economic performance tend to focus primarily on the goods sector. This is because output of the goods sector is tangible and more easily measured. Despite
More informationSecond estimate for the first quarter of 2010 EU27 current account deficit 34.8 bn euro 10.8 bn euro surplus on trade in services
109/2010-22 July 2010 Second estimate for the first quarter of 2010 EU27 current account deficit 34.8 bn euro 10.8 bn euro surplus on trade in According to the latest revisions 1, the EU27 2 external current
More informationSecond estimate for the third quarter of 2008 EU27 current account deficit 39.5 bn euro 19.3 bn euro surplus on trade in services
STAT/09/12 22 January 2009 Second estimate for the third quarter of 20 EU27 current account deficit 39.5 bn euro 19.3 bn euro surplus on trade in According to the latest revisions1, the EU272 external
More informationHow Much, With Whom and What Does the US Trade? It is important to remember that trade includes both Goods and Services.
How Much, With Whom and What Does the US Trade? It is important to remember that trade includes both Goods and Services. In 2016 1 : The US exported $1.5 trillion in Goods and $750 billion in Services
More informationANNEX I SERVICES AND INVESTMENT NON-CONFORMING MEASURES
ANNEX I SERVICES AND INVESTMENT NON-CONFORMING MEASURES I-1 KOREA EXPLANATORY NOTE 1. The Schedule of Korea to this Annex sets out, pursuant to Articles 8.8 (Non- Conforming Measures) and 10.15 (Non-Conforming
More informationThe current statistical framework for measuring trade in services and how it can be applied. Contact:
The current statistical framework for measuring trade in services and how it can be applied Contact: Andreas.Maurer@wto.org 1 World Trade in Commercial Services, Total Exports, 1980-2002 (USD billion and
More informationDr. Lucian Cernat Chief Trade Economist European Commission
Dr. Lucian Cernat Chief Trade Economist European Commission Trade in services: European and global issues Dr. Lucian Cernat Chief Trade Economist European Commission @Lucian_Cernat 1 Key points The role
More informationHong Kong, China. Key Indicators for Asia and the Pacific 2018
Key Indicators for Asia and the Pacific 2018 1 POPULATION a Total population as of 1 July (million) 6.7 6.7 6.7 6.7 6.8 6.8 6.9 6.9 7.0 7.0 7.0 7.1 7.2 7.2 7.2 7.3 7.3 7.4 Population density b (persons/km
More informationMeasuring Trade in Services. Training Module. Overview. Specifics of Trade in Services. The 4 Modes of Supply Under GATS.
Overview Measuring Trade in Services Training Module Carsten Fink Trade in Services and International Agreements Hanoi, Vietnam, May 23-27, 2005 Based on the presentation by Andreas Maurer (WTO) at the
More informationTrade in Services Agreement (TiSA) Services and Investment Unit, Trade Negotiations Division Ministry of Foreign Affairs and Trade
Trade in Services Agreement (TiSA) Services and Investment Unit, Trade Negotiations Division Ministry of Foreign Affairs and Trade MFAT Services and Investment Unit Carriage of WTO services policy and
More informationProfessional services: legal services, accountants, architects, engineers
ESF covers most services sectors, including: Insurance Banking Business services: IT & Computer; consulting, advertising, after-sales services Professional services: legal services, accountants, architects,
More informationThailand as the Gateway to ASEAN Bonggot Anuroj Executive Director, Investment Marketing Bureau Thailand Board of Investment
Thailand as the Gateway to ASEAN Bonggot Anuroj Executive Director, Investment Marketing Bureau Thailand Board of Investment 16 November 2013 St. Regis Hotel, Bangkok Thailand: 2 nd Largest Economy in
More informationIntroduction to the GATS
Introduction to the GATS Structure of the agreement, key concepts and obligations Seminar on Trade in Services Beijing, 25-27 June 2014 Trade in Services Division WTO 1 Issues covered o Why is trade in
More informationEconomic Importance of Cross-border Trade in Services- Recent Developments
Symposium on Cross-Border Supply of Services World Trade Organization 28-29 April 2005 Economic Importance of Cross-border Trade in Services- Recent Developments WTO Economic Research and Statistics Division
More informationANNEX N. Reservations by Norway (Chapter IX Investment and Chapter X Trade in services)
ANNEX N Reservations by Norway (Chapter IX and Chapter X ) The term unbound shall mean that Norway does not commit itself with respect to the specified item. I. HORIZONTAL RESERVATIONS The level of commitments
More informationDECREE No. 108/2006/ND-CP OF SEPTEMBER 22, 2006, DETAILING AND GUIDING THE IMPLEMENTATION OF A NUMBER OF ARTICLES OF THE INVESTMENT LAW THE
DECREE No. 108/2006/ND-CP OF SEPTEMBER 22, 2006, DETAILING AND GUIDING THE IMPLEMENTATION OF A NUMBER OF ARTICLES OF THE INVESTMENT LAW THE GOVERNMENT Pursuant to the December 25, 2001 Law on Organization
More informationBrunei Payment Purpose Codes THEN SELECT IF THE PAYMENT GROUP CLASSIFICATION IS... AND YOUR PAYMENT PURPOSE DESCRIPTION IS
Merchandise imports 10101 Goods for processing 10102 Goods Repairs on goods 10103 Goods procured in ports by carriers 10104 Non-monetary gold (held as a store of value) 10105 Non-monetary gold (other)
More informationConceptual framework and Standard Components of Balance of Payments
II. Conceptual framework and Standard Components of Balance of Payments Definitions: - 13. Balance of payments is a statistical statement that systematically summarizes, for a specific time period, the
More informationHow the U.S. Economy Benefits from International Trade & Investment
How the U.S. Economy Benefits from International Trade & Investment With more than 95 percent of the world s population and 80 percent of the world s purchasing power outside the United States, future
More informationCAMBODIA. Schedule of Specific Commitments
ASEAN-INDIA AGREEMENT ON TRADE IN SERVICES ANNEX 1/SC1 CAMBODIA Schedule of Specific 1 I. HORIZONTAL COMMITMENTS Subsidies (3), (4) Tax measures (1), (2), (3) Unbound for subsidies, including for research
More informationEesti Pank ESTONIA S BALANCE OF PAYMENTS FOR 2016
Eesti Pank ESTONIA S BALANCE OF PAYMENTS FOR 216 217 The Balance of Payments Yearbook is a longer analysis of annual external sector statistics, which includes a number of graphs. In addition, the yearbook
More informationMODERNIZING SERVICES IN. Sherry Stephenson Senior Fellow, ICTSD NAFTA
MODERNIZING SERVICES IN Sherry Stephenson Senior Fellow, ICTSD NAFTA Let s examine four aspects around NAFTA and Services v WHAT DID NAFTA 1.0 ACHIEVE IN SERVICES? v WHAT HAS CHANGED IN THE WORLD OF SERVICES
More informationTOURISM AND THE AUSTRALIAN ECONOMY STATE & TERRITORY VISITOR ECONOMY IMPACTS EDITION
TOURISM AND THE AUSTRALIAN ECONOMY STATE & TERRITORY VISITOR ECONOMY IMPACTS 2012-13 EDITION For further information, please contact: Philip Partalis Manager, Research & Policy (02) 9240 2004 ppartalis@ttf.org.au
More informationAn Overview of World Goods and Services Trade
Appendix IV An Overview of World Goods and Services Trade An overview of the size and composition of U.S. and world trade is useful to provide perspective for the large U.S. trade and current account deficits
More informationINVESTING ACROSS SECTORS
INVESTING ACROSS SECTORS SURVEY OF THE INVESTING ACROSS BORDERS PROJECT WORLD BANK GROUP March 2009 Please complete and return the survey no later than three weeks from the date of receipt. Thank you for
More informationIndia. Key Indicators for Asia and the Pacific Item
1 POPULATION a Total population as of 1 October (million) 1,019 1,040 1,056 1,072 1,089 1,106 1,122 1,138 1,154 1,170 1,186 1,220 1,235 1,251 1,267 1,283 1,299 1,316 Population density (persons/km 2 )
More informationAPPENDIX 3 TO ANNEX IX
APPENDIX 3 TO ANNEX IX LIECHTENSTEIN SCHEDULE OF SPECIFIC COMMITMENTS REFERRED TO IN ARTICLE 3.18 Modes of supply: (1) Cross-border (2) Consumption abroad (3) Commercial presence (4) Presence of natural
More informationAnnex II - Schedule of Canada. Aboriginal Affairs
Annex II - Schedule of Canada Sector: Aboriginal Affairs Industry Classification: Type of Reservation: National Treatment (Articles 803, 903) Most-Favoured-Nation Treatment (Articles 804, 904) Local Presence
More informationAnnex II - Schedule of Peru. All Sectors
Annex II - Schedule of Peru Sector: All Sectors Industry Classification: Type of Reservation: Most-Favoured-Nation Treatment (Articles 804, 904) Investment and Cross-Border Trade in Services that accords
More informationServices Transactions Between Residents and Non-residents
Services Transactions Between Residents and Non-residents Definition of Services BPM5 does not define a service; rather it describes services by listing them (see for example para 121, paras 158-168) Definition
More informationNeed for Services Trade Data Collection Present Status and a Roadmap for Future
Need for Services Trade Data Collection Present Status and a Roadmap for Future Panel Discussion at the Seminar organised jointly by Ministry of Commerce & Industry and ICRIER India Habitat Centre, New
More informationMarket Report for Republic of Korea
Market Report for Republic of Korea November 2014 Korea Financial Investment Association 1 I. Economic and Financial Background 1. General Economic Development Although economic recovery has continued
More informationHow North Carolina's Economy Benefits from International Trade & Investment
How North Carolina's Economy Benefits from International Trade & Investment With more than 95 percent of the world s population and 80 percent of the world s purchasing power outside the United States,
More informationBalance of payments and international investment position
Balance of payments and international investment position Table of contents General... 1 Legislation... 2 Compilation sharing... 2 Dissemination and accessibility of statistics... 4 Release calendar...
More informationINFLATION AND CONSUMER PRICE INDICES IN OCTOBER 2012
Consumer price index (CPI) INFLATION AND CONSUMER PRICE INDICES IN OCTOBER 2012 The consumer price index in October 2012 compared to September 2012 was 100.3%, i.e. the monthly inflation was 0.3%. The
More informationICT, knowledge and the economy 2012 Statistical annex
ICT, knowledge and the economy 2012 Statistical annex This annex includes some tables with supplementary figures to the publication ICT, knowledge and the economy 2012. The tables are arranged by chapter.
More informationInvestment in Lao PDR Tax updates. 16 August 2017
Investment in Lao PDR Tax updates 16 August 2017 Agenda Overview of foreign investment in Laos Taxation system in Laos Investment incentives Updates on foreign investment Other considerations Page 2 Overview
More informationHow Minnesota's Economy Benefits from International Trade & Investment
How Minnesota's Economy Benefits from International Trade & Investment With more than 95 percent of the world s population and 80 percent of the world s purchasing power outside the United States, future
More informationTHE BUREAU of Economic Analysis (BEA) takes a
18 October 21 U.S. International Services Cross-Border Trade in 29 and Services Supplied Through Affiliates in 28 By Jennifer Koncz-Bruner and Anne Flatness THE BUREAU of Economic Analysis (BEA) takes
More informationCURRENT ACCOUNT DEFICIT
SHORT OVERVIEW The continuously strong inflow of external funds accompanied by active invest ment activities and private consumption maintained a high level of current account deficit. The current account
More informationVIET NAM SCHEDULE OF SPECIFIC COMMITMENTS
BUSINESS SERVICES A. Professional Services Legal service, excluding the practice of Vietnamese law (CPC 861) (3) Foreign lawyers organisation 1 are permitted to establish commercial presence in Vietnam
More informationEU Trade Policy and CETA
EU Trade Policy and CETA http://www.youtube.com/watch?v=iioc5xg2i5y The EU a major trading power European Commission, 2013 The EU a major trading power % of global exports, goods, 2012 % of global exports,
More informationNauru. Key Indicators for Asia and the Pacific Item
Key Indicators for Asia and the Pacific 2018 1 POPULATION Total population a as of 1 July ( 000) 10.1 10.1 10.1 9.9 9.7 9.5 9.1 9.2 9.4 9.5 9.7 10.1 10.3 10.8 11.9 12.5 13.0 13.3 Population density (persons/km
More informationAPPENDIX 3 TO ANNEX VII LIECHTENSTEIN SCHEDULE OF SPECIFIC COMMITMENTS REFERRED TO IN ARTICLE 3.17
APPENDIX 3 TO ANNEX VII LIECHTENSTEIN SCHEDULE OF SPECIFIC COMMITMENTS REFERRED TO IN ARTICLE 3.17 This is authentic in English only - The level of commitments in a particular sector shall not be construed
More informationTHE UNION OF MYANMAR THE STATE PEACE AND DEVELOPMENT COUNCIL THE DAWEI SPECIAL ECONOMIC ZONE LAW
THE UNION OF MYANMAR THE STATE PEACE AND DEVELOPMENT COUNCIL THE DAWEI SPECIAL ECONOMIC ZONE LAW JANUARY, 2011 The Dawei Special Economic Zone Law CONTENTS No. Particulars Page 1. Chapter I Title and Definition
More informationHow Nevada's Economy Benefits from International Trade & Investment
How Nevada's Economy Benefits from International Trade & Investment With more than 95 percent of the world s population and 80 percent of the world s purchasing power outside the United States, future
More informationSouth Korea: new growth model emerging?
ING Business Opportunity Report Economics Department South Korea: new growth model emerging? Summary conclusions The growth outlook for Korea in the short to medium term is positive. ING forecasts economic
More informationUSA-EU - international trade in goods statistics
USA-EU - international trade in goods statistics Statistics Explained Data extracted in March 2018. Planned article update: April 2019. This article provides a picture of the international trade in goods
More informationTitle [X] - TRADE IN SERVICES, INVESTMENT AND E-COMMERCE
Disclaimer: The negotiations between EU and Japan on Economic Partnership Agreement have not been concluded yet. Therefore, the whole texts are also still under negotiations and not finalised. However,
More informationEstonia s Balance of Payments for the Second Quarter of 2012
Estonia s Balance of Second Quarter of CONTENTS OVERVIEW... 5 CURRENT ACCOUNT... 8 Goods... 9 Services... 13 Income... 21 Current transfers and the capital account... 26 FINANCIAL ACCOUNT... 27 Direct
More informationAnnex II Schedule of Canada. Introductory Note
Annex II Schedule of Canada Introductory Note In the interpretation of a reservation, all elements of the reservation shall be considered. The Description element shall prevail over all other elements.
More informationWorld Bank. Services Trade and International Negotiations Course April 20, A Practical Approach to Analyzing U.S.
World Bank Services Trade and International Negotiations Course April 20, 2004 A Practical Approach to Analyzing U.S. Services Trade Richard W. Brown Chief, Services and Investment Division U.S. International
More informationANNEX II. Schedule of Canada. Reservations for Future Measures
ANNEX II Schedule of Canada Reservations for Future Measures 1. The Schedule of a Party sets out, under Article 10.9 (Investment Reservations and Exceptions) and 11.7 (Cross-Border Trade in Services Reservations),
More informationSCHEDULE OF THE REPUBLIC OF CHINA (TAIWAN) All sectors. National Treatment (Article 10.03)
Obligations Concerned: All sectors National Treatment (Article 10.03) Measures: Article 17, 18 and 19 of Land Law of October 31, 2001 Investment Land used for forests reserves, aquaculture, hunting reserves,
More informationcompetition, including new FDI, in order to improve efficiency. Examples include such industries as steel and petrochemicals.
Page 25 III. TRADE-RELATED ASPECTS OF INVESTMENT POLICIES (1) Foreign Direct Investment: General Policy Direction 1 1. Thailand encourages foreign direct investment (FDI), a policy which is supervised
More informationHow Indiana's Economy Benefits from International Trade & Investment
How Indiana's Economy Benefits from International Trade & Investment With more than 95 percent of the world s population and 80 percent of the world s purchasing power outside the United States, future
More informationSince the 1990s Morocco has been pursuing reforms that call for liberalising
OECD Investment Policy Reviews: Morocco 2010 OECD 2010 Executive Summary Since the 1990s Morocco has been pursuing reforms that call for liberalising the economy through the progressive withdrawal of the
More informationENERGY INVESTMENT FACILITATION: THE EXPERIENCE OF BURKINA FASO. INVEST IN BURKINA FASO Km² of Investment opportunities
ENERGY INVESTMENT FACILITATION: THE EXPERIENCE OF BURKINA FASO INVEST IN BURKINA FASO 274 200 Km² of Investment opportunities Agenda INTRODUCTION CURRENT SITUATION OF THE ENERGY SECTOR IN BURKINA FASO
More informationCOLOMBIA TRADE SUMMARY
COLOMBIA TRADE SUMMARY The U.S. trade balance with Colombia shifted from a goods trade surplus of $2.2 billion in 2015 to a goods trade deficit of $696 million in 2016. U.S. goods exports to Colombia were
More informationAPPENDIX 3 TO ANNEX VII
APPENDIX 3 TO ANNEX VII LIECHTENSTEIN SCHEDULE OF SPECIFIC COMMITMENTS REFERRED TO IN ARTICLE 3.16 - The level of commitments in a particular sector shall not be construed to supersede the level of commitments
More informationLIST OF EXTERNAL PAYMENT CODES LEPC 2.1
LIST OF EXTERNAL PAYMENT CODES LEPC 2.1 List of External Payment Codes LEPC 2.1 1 The List of External Payment Codes (hereinafter, the List of Codes) shall be used by residents of the Republic of Latvia
More informationBALANCE OF PAYMENTS, INTERNATIONAL INVESTMENT POSITION, AND EXTERNAL DEBT OF THE RUSSIAN FEDERATION. Moscow
2017 BALANCE OF PAYMENTS, INTERNATIONAL INVESTMENT POSITION, AND EXTERNAL DEBT OF THE RUSSIAN FEDERATION Moscow This publication has been prepared by the Statistics and Data Management Department of the
More informationEssential Standard1.00. Understand the role of business in the global economy.
Essential Standard1.00 Understand the role of business in the global economy. 1 Objective 1.03 Understand business in the global marketplace. 2 Topics Factors and regulations companies have to consider
More informationBalance of Payments (BoP) Categories
Balance of Payments () Categories All funds received into and paid from South Africa are required to be reported to the South African Reserve Bank (SARB). This reporting relates to the reason for the receipt
More informationUK Trade in Numbers. February 2019
UK Trade in Numbers February 2019 Disclaimer The figures used in this pocketbook are the latest at the time of publication. We include figures from monthly and quarterly publications, such as ONS Balance
More informationVIETNAM BRIEF ABOUT THE COUNTRY AND OPPORTUNITIES IN DOING BUSINESS
VIETNAM BRIEF ABOUT THE COUNTRY AND OPPORTUNITIES IN DOING BUSINESS 1 CONTENTS: I. OVERVIEW OF ECONOMY IN VIETNAM II. III. IV. OVERVIEW OF FDI IN VIETNAM PROCEDURES FOR INVESTMENT TIPS FOR DOING BUSINESS
More informationINFLATION AND CONSUMER PRICE INDICES IN NOVEMBER
INFLATION AND CONSUMER PRICE INDICES IN NOVEMBER 2012 Consumer price index (CPI) The consumer price index in November 2012 compared to October 2012 was 99.9%, i.e. the monthly inflation was -0.1%. The
More informationINFLATION AND CONSUMER PRICE INDICES IN AUGUST 2013
Consumer price index (CPI) INFLATION AND CONSUMER PRICE INDICES IN AUGUST 2013 The consumer price index in August 2013 compared to July 2013 was 99.4%, i.e. the monthly inflation was -0.6%. The inflation
More informationJapan's Balance of Payments for August 2009 International Department Bank of Japan
Japan's Balance of Payments for 28 August 29 International Department Bank of Japan This is an English translation of the Japanese original released on March 24, 29 Balance of Payments 28 Please contact
More informationInvestment Trend and Economic Situation in Myanmar
Investment Trend and Economic Situation in Myanmar Dr. Marlar Myo Nyunt Director Directorate of Investment and Company Administration Myanmar Economic Policies Expanding our financial resources Improving
More informationCanada Gazette, 12 April 2003; volume 137, no. 15
CONSULTATIONS ON ENHANCING CANADA-EUROPEAN UNION TRADE AND ECONOMIC RELATIONS MULTILATERALLY AND THROUGH A NEW BILATERAL TRADE AND INVESTMENT INITIATIVE Canada Gazette, 12 April 2003; volume 137, no. 15
More informationFDI and FATS statistics and tourism
Regional Workshop on Travel and International Tourism Consumption FDI and FATS statistics and tourism Roseau, Dominica, 14-17 May 2013 1 Value added in Hotels and Restaurants in selected CARICOM Members
More informationMain Development Trends of Czech Economy in 2013 and the Perspective for (April 2014)
Main Development Trends of Czech Economy in 2013 and the Perspective for 2014 (April 2014) The Czech Industry Results in 2013 in the Context of the EU Market and the Perspective for 2014 The Development
More informationInternational Trade in Services Guide to Submission of Data and Service codes
International Trade in Services 2017 Guide to Submission of Data and Service codes INDEX INTRODUCTION...3 IMPORTANT CONCEPTS AND DELIMITATIONS...4 RESIDENTS/NON-RESIDENTS...4 VALUATION...4 PERIODICITY...4
More informationDemystifying Korea. Service sector opportunity for Australia under KAFTA
Demystifying Korea Service sector opportunity for Australia under KAFTA Agenda Overall picture Opportunity Services for Korea KAFTA Challenges Bright Australia-Korea picture overall Overall picture is
More informationHong Kong, China. Key Indicators for Asia and the Pacific 2017
Key Indicators for Asia and the Pacific 2017 1 POPULATION a Total population b million; as of 1 July 6.665 6.714 6.744 6.731 6.784 6.813 6.857 6.916 6.958 6.973 7.024 7.072 7.150 7.179 7.230 7.291 7.337
More informationInfrastructure to 2030: opportunities and challenges
Infrastructure to 2030: opportunities and challenges by Pierre-Alain Schieb Counsellor, Head of OECD Futures Projects August 28th, 2009 Working Group 5- Infratech- a chance in crisis 2009 ALPBACH TECHNOLOGY
More information2007/SOM2/IEG-GOS/WKSP/002a Services in International Investment Agreements (IIA) - Presentation
2007/SOM2/IEG-GOS/WKSP/002a Services in International Investment Agreements (IIA) - Presentation Purpose: Information Submitted by: Workshop on the Relationship Between Investment and Trade in Services
More informationJapan-EU EPA/FTA. Consolidated Text. (Status 7 December 2017) CHAPTER 8 TRADE IN SERVICES, INVESTMENT LIBERALISATION AND ELECTRONIC COMMERCE
Disclaimer: The negotiations between the EU and Japan on the Economic Partnership Agreement (the EPA) have been finalised. In view of the Commission's transparency policy, we are hereby publishing the
More informationEesti Pank ESTONIA S BALANCE OF PAYMENTS FOR 2015
Eesti Pank ESTONIA S BALANCE OF PAYMENTS FOR 215 216 Eesti Pank, 215 Address Estonia pst 13 1595 Tallinn Estonia Telephone +372 668 719 E-mail info@eestipank.ee Website www.eestipank.ee ISSN 1736-7859
More informationArticle 10.3 (National Treatment) of Chapter 10 (Investment) or Article 11.3 (National Treatment) of Chapter 11 (Cross Border Trade in Services);
ANNEX 11D : PERU CROSS BORDER TRADE IN SERVICES AND INVESTMENT RESERVATIONS FOR FUTURE MEASURES HEADNOTE 1. This Annex sets out, pursuant to Article 10.14 (Non Conforming Measures) of Chapter 10 (Investment)
More informationAnnex II SCHEDULE OF KOREA
Annex II SCHEDULE OF KOREA EXPLANATORY NOTE 1. The Schedule of Korea to this Annex sets out, pursuant to Articles 9.13 (Non- Conforming Measures) and 10.6 (Non-Conforming Measures), the specific sectors,
More informationLIMITED LIMITED 1. CETA Services and Investment Reservations Canada Federal Annex II 1 August 2014 Annex II. Schedule of Canada.
Annex II Schedule of Canada Aboriginal Affairs National Treatment (Articles and ) Market Access (Articles and ) Most Favoured Nation Treatment ( and ) Performance Requirements (Article ) Senior Management
More informationThird Bruges European Business Conference Trade and Investment Challenges for European Business 20 March 2012, College of Europe, Bruges
In Partnership with: Third Bruges European Business Conference Trade and Investment Challenges for European Business 20 March 2012, College of Europe, Bruges Horizontal business issues of market access
More informationHow Idaho's Economy Benefits from International Trade & Investment
How Idaho's Economy Benefits from International Trade & Investment With more than 95 percent of the world s population and 80 percent of the world s purchasing power outside the United States, future economic
More informationThe Investment Legal Environment in Jordan Dr. Mohammad Al Qudah Legal Advisor Jordan Investment Board
The Investment Legal Environment in Jordan Dr. Mohammad Al Qudah Legal Advisor Jordan Investment Board MENA- OECD Investment Program Workshop on Iraq National Investment Reform Amman 22/1/2008 Elements
More informationANNEX II Reservations for Future Measures (Chapters 10 and 11)
ANNEX II Reservations for Future Measures (Chapters 10 and 11) Annex II 1. The Schedule of a Party sets out, pursuant to Articles 10.9.2 and 11.5.2, the reservations taken by that Party with respect to
More informationFORM A2 (To be completed by the applicant)
FORM A2 (To be completed by the applicant) Annex-2 FORM A2 (For payments other than imports and remittances covering intermediary trade) Application for Remittance Abroad AD Code Form (To be filled in
More informationEU-Japan EPA SECTION A GENERAL PROVISIONS. Article 1 Objectives, coverage and definitions
Disclaimer: The negotiations between the EU and Japan on the Economic Partnership Agreement (the EPA) have been finalised. In view of the Commission's transparency policy, we are hereby publishing the
More informationStability, Cohesion and Growth
Stability, Cohesion and Growth April 23, 2012 Swedish Minister for Finance Anders Borg Agenda Sweden has weathered the current crisis relatively well Lessons from the crisis in the early 1990s Further
More informationWORLD TRADE ORGANIZATION
WORLD TRADE ORGANIZATION RESTRICTED 6 December 2002 (02-6743) Working Party on the Accession of Armenia REPORT OF THE WORKING PARTY ON THE ACCESSION OF ARMENIA Addendum Part II - Schedule of Specific Commitments
More information