The European Union is not only striving to establish an internal market for financial services among the EU-25 Member States, it is equally pursuing growth perspectives beyond its borders and two of the most important emerging markets are undoubtedly China and India, both leading members of the World Trade Organisation (WTO).

The recent extension of international dialogues with China and India is fully supported by industry. As these bilaterals develop further the emphasis should go beyond seeking market access gains through international trade policy it should focus more on a broader level of co-operation.