Services have emerged as the driving force that is shaping the economic landscape of countries at all levels of development. They account for the largest share of global economic activity by generating more than two-thirds of GDP, employ the most workers, and are the source of most new job creation, especially for female and young workers. At the same time, services trade has turned into a key element in growth strategies, becoming the most dynamic component of global trade in recent times, and creating higher value-added jobs.

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