Transcription of TRADE IN SERVICES
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TRADE IN SERVICES
TRADE IN SERVICESThe most dynamic segment of international tradeDid you know?Over the past 20 years, TRADE in SERVICES has become the most dynamic segment of world TRADE , growing more quickly than TRADE in goods. Developing countries and transition economies have played an increasingly important role in this area, increasing their share in exports of world SERVICES from a quarter to one-third over this period. Figure 1: Share of developing economies1 in world exports of SERVICES , 1995-2014 USD billion Source: WTO-UNCTAD-ITC TRADE in SERVICES dataset6,0005,0004,0003,0002,0001,000019 9519961997199819992000200120022003200420 05200620072008200920102011201220142013 Developing economies1 World1 Including transition economies in the Commonwealth of Independent Agreement on TRADE in ServicesThe WTO s General Agreement on TRADE in SERVICES (GATS) entered into forc
has become the most dynamic segment of world trade, growing more quickly than trade in goods. Developing countries and transition economies have played an increasingly important role in this area, increasing their share in exports of world services from a quarter to one-third over this period. Figure 1: Share of developing economies1 in world
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