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CHARACTERISTICS OF THE SERVICES SECTOR - OVERVIEW-

CHARACTERISTICS OF THE SERVICES SECTOR - OVERVIEW-. I. CHARACTERISTICS OF THE SERVICES SECTOR – OVERVIEW. Importance of services, and trade in services, in the economy Key distinctions: Trade in Services vs. Trade in Goods Production characteristics - Modes of Supply

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CHARACTERISTICS OF THE SERVICES SECTOR - OVERVIEW-

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  1. Workshop on Statistics on International Trade in Services CHARACTERISTICS OF THE SERVICES SECTOR - OVERVIEW-

  2. Workshop on Statistics on International Trade in Services I. CHARACTERISTICS OF THE SERVICES SECTOR – OVERVIEW • Importance of services, and trade in services, in the economy • Key distinctions: Trade in Services vs. Trade in Goods • Production characteristics - Modes of Supply • BOP, WTO, GATT & GATS (see slide 8) Discussion

  3. Workshop on Statistics on International Trade in Services Share of Services Value Added in GDP Country groups and selected countries, 2000 (percentage)

  4. Workshop on Statistics on International Trade in Services SERVICES vs.GOODS (1/2) • Trade in goods • – tangible • – can be stored • – trade associated with cross-border shipment • – data normally based on Customs documents • Trade in Services • – intangible goods • – cannot be stored - output delivered as used • – no associated Customs documents • – different modes of supply ( cross-border, • consumption abroad, FATS, movement of natural persons) • BUT • – data reported on ITRS in some countries

  5. Workshop on Statistics on International Trade in Services PRODUCTS: • GOODS • (tangible) • SERVICES • (intangible) SERVICES vs.GOODS (2/2) • Services - Intangible output of a production process USERS’ NEEDS PRODUCTION

  6. Workshop on Statistics on International Trade in Services SERVICES vs. TRANSFERS • Important difference between Services and Transfers • Services: Payment for services provided (“quid pro quo”) • Transfers: Payment without any goods or services provided (no “quid pro quo”)

  7. Workshop on Statistics on International Trade in Services SERVICES vs. INCOME • Services (to be reported): provision of an intangible product such as: • transportation • travel • communications • business services • Income (not to be reported): • Earnings from investment • Salaries and wages • Corporation profits

  8. Workshop on Statistics on International Trade in Services BOP, WTO, GATT and GATS • Balance of Payments - records international transactions - part of System of National Accounts • World Trade Organization - established in 1995 with broad mandate • General Agreement on Tariffs and Trade - predecessor to WTO - mandate restricted to trade in goods • General Agreement on Trade in Services - international agreement governing trade in services

  9. Workshop on Statistics on International Trade in Services GENERAL AGREEMENT ON TRADE IN SERVICES (GATS) Set of rules covering international trade in services GATS Pillars Set of general obligations and disciplines Countries’ schedules of specific commitments Annexes on specific issues Commitments under GATS By services sectors By mode of supply

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