LORDS

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

Witnesses

Wednesday 13 March 2019 in Committee Room 4A, Palace of Westminster

At 10.15am

  • Dr Lorand Bartels, Senior Counsel, Linklaters LLP and Reader in International Law, University of Cambridge
  • Eric White, Consultant, Herbert Smith Freehills

Likely questions

  • 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?

Further information

Image: WTO

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