China General Agreement On Trade In Services

• Quality professional services at a lower cost, such as architecture, consulting engineering, legal research and market research. In the United States, services exports accounted for 30% of total U.S. exports in 2015; the services sector is responsible for 82% of employment and 78% of GDP. In addition, services account for a significant share of the value of U.S. manufacturing exports. An OECD-WTO report showed that the services sector contributed 26% of the value added of US exports of industrial goods. This makes it difficult to overestimate the importance of trade in services to the U.S. economy. Beginning in the late 1970s, private sector groups in the United Kingdom (British Invisibles) and the United States of America (the Coalition of Service Industries) began working with their governments to promote fair competition in access to foreign markets. These early initiatives by service companies eventually led to the integration of international services transactions into the Uruguay Round.

While national governments have the option of excluding certain services from liberalization under the GATS, they are also under international trade pressure not to exclude “commercial” services. Important utilities, such as water and electricity, typically involve purchase by consumers and are therefore “provided on a commercial basis.” The same goes for many health and education services, which must be “exported” by some countries as profitable industries. [6] Service associations in developing countries and countries with economies in transition can play an important role in helping their governments understand the role of services exports in economies. You should keep in mind that many member states are challenged to keep abreast of all WTO issues, especially when they have only small delegations in Geneva. In addition, trade in services poses particular challenges due to the lack of readily available trade statistics and background analysis. At present, China`s trade barriers to services are much higher than in OECD countries, particularly the United States (see Figure 1). The removal of barriers in the services sector can significantly improve productivity in the economy as a whole, since improvements in the services sector also tend to increase the efficiency of manufacturing. This Agreement may be amended by written agreement between the Parties and such amendments shall enter into force on the date or date agreed upon by the Parties. Lobbying for a strong position in the current round of services negotiations.

Service companies can contribute to business planning, for example: • value-added back-office operations greater than basic data entry. .

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