Services Trade and Brexit: What is at Stake?
Dr Ingo Borchert, Lecturer in Economics, University of Sussex
John Cooke, Chairman of the Liberalisation of Trade in Services Committee, TheCityUK
Chair: Jim Rollo, Associate Fellow, International Economics Department, Chatham House
Brexit will have important repercussions for the UK’s economic ties with the EU in the realm of services markets. Services trade is economically significant for a number of reasons. Producer services such as finance, transportation or professional services are inputs into both the production and international exchange of goods, whereas trade in other services directly affects consumer welfare.
This event provides an overview of prevailing services trade flows as well as trade policies. It will commence with a picture of current UK services trade across the various modes of supply. The revealed strengths of the UK in certain services sectors could inform negotiating priorities going forward. In terms of services trade policies, the event will discuss the different market access regimes at the multilateral level as well as through preferential agreements.
The event will take the format of a presentation, followed by an open discussion.
The UK Trade Policy Observatory is a partnership between Chatham House and the University of Sussex. The Observatory provides independent expert comment on, and analysis of, trade policy proposals for the UK as well as training for British policy-makers and negotiators through tailored training packages.