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CIIE:Four Aspects Will Impact the Future of Trade in Services

 

There is a growing consensus that trade in services has become the most dynamic component of global trade and is playing an increasingly significant role in the global economy, according to the World Trade Report 2019 (Chinese version), published at the China International Import Expo (CIIE) in Shanghai on Nov 6.

 

From 2005 to 2017, global trade in services grew faster than trade in goods, averaging 5.4 percent per year, according to the report. Meanwhile, digital technology, demographic change, rising incomes and climate change will also impact on future trade in services.