Negotiating Services Liberalization within TTIP - The EU External Trade Policy at Crossroads

The conclusion of the Transatlantic Trade and Investment Partnership (TTIP) constitutes a priority and key component of the new external trade policy of the European Union (EU) and an immediate follow-up to several years of regulatory cooperation between the two global trade powers. In an era of megaregionals, services in the only area where significant negotiating traction exists at the bilateral and multilateral level. From an EU viewpoint, services is a key sector in these negotiations. As expected, the EU Commission, backed by the EU executive, has advanced an ambitious agenda and conditional offer to the US, hoping for further liberalization on the two sides of the Atlantic. Importantly, these negotiations are expected not only to generate additional liberalization, but should also reshape the regulatory philosophy as far as the regulation of trade in services is concerned. Against this backdrop, this article offers a critical account of the current TTIP negotiations relating to trade in services from an EU perspective. When needed, the article draws parallels with other EU Free Trade Agreements (FTAs) and the General Agreement on Trade in Services (GATS).