The information presented in Figure 2 shows that the importance of international trade in goods and services between some of the world’s largest trading countries was quite different when measured in relation to economic output (gross domestic product (GDP)). The EU is working to liberalise trade in environmental goods and services at multilateral level in the World Trade Organisation, and in its free trade agreements. �=����sc$'�8I`�3���9�+ݮ�+[ߥs p>+e!�P��%�Юb����D���v��~�aQ�n�b�tʹ International trade in goods and services. code S/ENQ/78*), UN Provisional Central Products Classification, Technical cooperation handbook on trade in services notification requirements, GATS: objectives, coverage and disciplines, General Agreement on Trade in Services (GATS), General Agreement on Trade in Services (GATS), The Council for Trade in Services and its subsidiary bodies, Statistics on trade in commercial services, Trade in Value Added and Global Value Chains, Dataset of services commitments in regional trade agreements, COVID-19: Measures affecting trade in services, WTO report: Trade in services in the context of COVID-19, WTO report: Cross-border mobility, COVID-19 and global trade, WTO report: How WTO members have used trade measures to expedite access to COVID-19 critical medical goods and services, WTO Secretariat Discussion Paper for the G20 Trade and Investment Working Group, 2020, Simply Services Speaker Series: Health-related services: Challenges for trade policy and future possibilities (24 july 2020), Simply Services Speaker Series: Building Back Better in Tourism (23 June 2020). 0000002094 00000 n Compared to goods, market access is defined more in terms of the specific commitments WTO members make in their Schedules rather the formal rules. (Document Discontinuation of the Organization of the Petroleum Exporting Countries (OPEC) Grouping. 0000000836 00000 n It is measured in million USD, as percentage of GDP for net trade, and also in annual growth for exports and imports. 0000008258 00000 n Import taxes are not imposed to artificially raise prices and discourage purchases, and limits are not set on the amounts that can be bought and sold. This has been pursued through, among other things, a waiver to allow preferential treatment for LDC exporters of services. These links open a In gross terms, services trade accounts for a quarter of global trade in goods and services; the share of services in total trade doubles if we include trade in value added terms (WTO, 2019). Where can I find out more about the WTO's role in international services trade? 0000014216 00000 n The Services Trade Barometer is issued twice a year as a companion to the Goods Trade Barometer. Contact points are intended to facilitate the access of developing country members' service suppliers to information, and enquiry points to provide information to other WTO members. The WTO has predicted a 13-32% decline in trade, but these predictions are likely to be underestimates as they are only based on merchandise trade. n��;���i��3I�X(]�s�V��㨤ָ==W n��HS����x|��^�{��2w~�cm���ٝ�"FEܣ�dSx�,~�X(2ڿ!Wz�8J9�#� D:"��K9s��9"�^ݝF����"�5�8�k��UЊp�k��7��iV��uIa��EYLd�#|:����S�^C�� ��Pt:�, (xi) The coercive trade-restrictive measures of the United States to which Venezuelan financial services and financial service suppliers are subject, under which suppliers receive treatment less favourable than that accorded to like services and service suppliers of WTO Member States not subject to the measures, are in violation of Article II:1 of the GATS. Ottawa Group proposes a global Trade and Health Initiative Today the Ottawa Group, a group of 13 like-minded World Trade Organisation (WTO) partners including the EU, agreed today on an initiative, calling on the WTO members to increase their cooperation and work toward enhanced global rules to facilitate trade in essential medical goods.
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