Brexit: trade in non-financial services Contents

Appendix 3: Glossary

AV

Audiovisual

AVMSD

Audiovisual Media Services Directive

BATA

British Air Transport Association

CAA

Civil Aviation Authority

CETA

Comprehensive Economic and Trade Agreement

CJEU

Court of Justice of the European Union

COADEC

The Coalition for Digital Economy

COBA

The Commercial Broadcasters Association

DCMS

Department for Culture, Media and Sport

DExEU

Department for Exiting the European Union

DSM

Digital Single Market

EASA

European Aviation Safety Agency

ECAA

European Common Aviation Area

EEA

European Economic Area, covering all those party to the EEA agreement: all EU Member States and Norway, Liechtenstein and Iceland

EFTA

European Free Trade Area. This consists of a free trade area between the EFTA states (Norway, Liechtenstein, Iceland and Switzerland). EFTA conducts FTA negotiations on behalf of its members; and for those members party to the EEA Agreement, it also provides the basis for the EFTA Surveillance Authority and the EFTA Court.

SME

Small and medium-sized enterprises

EMEA

Europe, the Middle East and Africa

ENT

Economic Needs Test

EPA

Economic Partnership Agreement

EPC

European Professional Card

EUIPO

European Union Intellectual Property Office

L’exception culturelle

The concept of making exceptions for cultural products or services under World Trade Organization (WTO) or other international agreements.

FDI

Foreign Direct Investment

FRC

Financial Reporting Council

FTA

Free Trade Agreement

GATS

General Agreement on Trade in Services at the WTO

GATT

General Agreement on Tariffs and Trade at the WTO

GDP

Gross Domestic Product

GDPR

General Data Protection Regulation

GVA

Gross Value Added

GVC

Global Value Chain

HS2

High Speed Two - a planned new high-speed rail network in the UK which will link London and the West Midlands and the West Midlands to Leeds and Manchester

IATA

International Air Transport Association

ICAEW

Institute of Chartered Accountants in England and Wales

IFS

Institute for Fiscal Studies

IP

Intellectual Property

ITIS

International Trade in Services survey

MOU

Memorandum of Understanding

MNO

Mobile Network Operators

NIERS

National Institute of Economic and Social Research

OECD

Organisation for Economic Co-operation and Development

ONS

Office for National Statistics

PBS

Professional and Business Services

RIBA

Royal Institute of British Architects

SESAR

Single European Sky Air Traffic Management Research

Single Market

The Single Market refers to the market which exists between the EU’s Member States. It consists of the free movement of goods, people, services and capital through harmonised rules interpreted by the Court of Justice of the European Union.

SME

Small and medium-sized enterprises

Tariffs

Levies imposed on traded goods

TFEU

Treaty on the Functioning of the EU

TiSA

Trade in Services Agreement

TiVA

Trade in Value Added

TRIPS

Trade-Related Aspects on Intellectual Property Rights

UCD

Unregistered Community Designs

UKIE

UK Interactive Entertainment

VAT

Value-Added Tax

WTO

World Trade Organization





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