|English, EU-Kolumbien/Peru, Handel, Handelsabkommen|
Trade and Investment in Financial Services and Free Capital Movement: The Effects on Money Laundering and Tax Avoidance
Assessing some of the trade related aspects five years after the free trade agreement between the EU and Colombia and Peru
At the time of ratification of the FTA by the European Parliament, in December 2012, a research report warned about the risks from particular aspects in the trade agreement, namely increased money laundering and tax avoidance, due to FTA provisions such as free movement of capital and liberalisation of financial services. A comprehensive research report on the inclusion of financial services in EU free trade and association agreements by the ex-post impact assessment unit of the European Parliament, confirmed those risks.