The main goal of the Simulation Game is to work out a basic agreement on a deep and comprehensive free trade area (DCFTA) between the European Union (EU) and the Eurasian Economic Union (EAEU). The negotiations will be conducted by the European Commission and the Eurasian Economic Commission, and the resulting draft text of the agreement will be submitted to the EU’s Council and the European Parliament (EP) and to the Eurasian Intergovernmental Council and the national Parliaments of the EAEU’s Member States for a final vote.
There will be three negotiating groups, each of which will discuss one of the following three aspects of the eventual DCFTA agreement:
• Group 1 - trade in goods;
• Group 2 - trade in services;
• Group 3 – free movement of capitals.
The negotiating group on goods will discuss issues related to the removal of tariff barriers to mutual trade in goods, as well as to various non-tariff barriers (quality standards, specificities of each party’s law etc.).
The group on services will consider the liberalization of rules governing the provision of services and the establishment of companies providing services across the EU-EAEU border. The group will discuss the extent to which the protection of public interests can limit the free movement of services. It will also explore the ways for ensuring a high quality of services provided. Special attention should be paid to the financial services, such as insurance, banking and stock exchange services, whose regulation is important but difficult to agree upon.
The group on capitals will negotiate mutual liberalization of investments and purchase of shares, of payments, transfers, credits, of the use of debit and saving accounts, and of real estate transactions. These will cover both natural and legal persons.
The negotiating groups’ agendas may cover the following issues (the agendas can be adjusted):
Trade in goods
• liberalization of trade in agricultural products (quantitative restrictions, quotas, defensive duties, phytosanitary rules);
• liberalization of trade in industrial and high-tech goods (duties, transportation routes);
• rules applying to energy resource markets.
Trade in services
• legal approximation in construction, food, hospitality spheres etc.;
• services in the IT sphere;
• transportation services: requirements for transport operators.
Movement of capitals
• liberalization of the provision of financial services across the borders: credit, investments, cooperation between banks;
• interaction in building digital economies.
For preparation, please refer, inter alia, to the reading provided by the Organizers.
Please, review full information file Simulation Tasks
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