Concluding remarks and policy suggestions Sample Clauses

Concluding remarks and policy suggestions. As the EU and Mexico plan to accelerate trade talks, there is a small margin for the thorough scrutiny that these so-called ‘modern’ trade deals require and deserve. In May 2016, Xxxxx Xxxxx MEP (Rapporteur for the renewed EU-Mexico trade agreement) tabled a Written Question to the Commission ‘...despite recent efforts to fight money laundering Mexico remains one of the main sources of illicit financial outflows worldwide. Does the Commission intend to address this issue and its link to trade as part of the future negotiations with Mexico?’61 The Commission’s response was that it is not the role of the FTA to provide measures for tackling money laundering. Yet it is evident that trade deal cannot be separated from tax issues, human rights and money laundering. This report has largely focused on the potential for this FTA to increase the risks of tax avoidance, capital flight and money laundering on both sides of the Atlantic. However, this is just one facet of the deal, and as with TTIP and CETA, it is evident that there are many causes for concern within such deals. Though FTAs with the EU do not deal with tax regulation explicitly, they do play an important role in minimising or increasing 57 World Bank, World Development Report 1985, p. 64, including Table 4.4. 58 Xxxxxxxxx and Xxxxx (1990), p. 5 of 8. 59 Kar (2012), p. 18. 60 Kar (2012), pp. 5 and 47. 61 European Parliament (2016). Anti-corruption and the modernisation of the trade pillar of the EU-Mexico Global Agreement. pp.xxxx://xxx.xxxxxxxx.xxxxxx.xx/sides/xxxXxx.xx?type=WQ&reference=E-2016-004377&language=EN. the chances of tax fraud through provisions and regulation or lack thereof. Therefore, FTAs like the EU-Mexico deal risk facilitating tax fraud and illicit financial activity These concerns about the proposed EU-Mexico deal are not isolated. In September 2016 the Dutch trade minister produced a paper calling for more progressive and inclusive trade policies62 Succinctly put, the paper has the title ‘Reforming EU trade policy: protection, not protectionism’ Reflecting this view, our policy suggestions are:
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