World Trade Report 2019

The future of services trade

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Services have become the most dynamic component of global trade, with an increasingly important role in the global economy and in everyday life. Yet the extent of services’ contribution to global trade is not always fully understood. The World Trade Report 2019 attempts to remedy this by examining how trade in services is evolving and why services trade matters.

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Services are often largely overlooked in discussions on global trade, yet they account for the majority of trade in many developed economies and are growing rapidly in many developing economies as well. This is perhaps because services are less tangible and the issues surrounding services trade are often more complex. This report therefore sets out to demystify trade in services. It aims to shed new light on this essential part of global trade, provide a detailed picture of trade in services today and consider how it might evolve in the coming years, particularly as new technologies make some services increasingly tradeable.

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