APPENDIX 3: CALL FOR EVIDENCE
Multilateral negotiations to reduce trade tariffs
have been a feature of the second half of the twentieth century.
However as we enter the twenty first century, securing a new multilateral
agreement has proved increasingly difficult, and the number of
bilateral agreements is rising. Levels of trade and capital flows
continue to grow, and enhancements in information technology have
created unprecedented opportunities for trade development, alongside
new pressures on natural resources. With these factors in mind,
the Sub-Committee under the Chairmanship of Baroness Cohen of
Pimlico, has decided to commence an inquiry into the future of
European trade policy.
The inquiry will seek to answer the following key
questions:
What are the future prospects for multilateral trade
negotiations? What effect will the rising number of bilateral
agreements have on the existence and further development of multilateral
agreements?
What role can European trade policy play to stimulate
growth and create jobs in Europe?
What should be the relationship between European
trade policy and policies on development, climate change and depletion
of natural resources?
Have developing countries benefited from multilateral
trade agreements? What steps should European trade policy take
to help less developed countries reap the benefits of global trade?
Is there still a need for Trade Defence Instruments,
and if so, how can these be designed to ensure that their effects
are targeted and proportionate?
What is the best approach for ensuring that Intellectual
Property Rights are protected? Do these rights hinder development
goals—and if so, how can an appropriate balance be struck?
Services represent 77% of European GDP and employment.
What are the best mechanisms to remove barriers to trade in services?
Is the GATS still fit for purpose?
Is there still a role for the WTO in the 21st Century?
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