Economic Importance of Cross-border Trade in Services- Recent Developments
|
|
- Betty Richardson
- 5 years ago
- Views:
Transcription
1 Symposium on Cross-Border Supply of Services World Trade Organization April 2005 Economic Importance of Cross-border Trade in Services- Recent Developments WTO Economic Research and Statistics Division WTO/OMC 1
2 Cross-border supply COUNTRY A Mode 1: service transactions COUNTRY B Consumer from A The service crosses the border Supplier In statistical terms, trade between residents and non-residents is recorded in the Balance of payments of a country. WTO/OMC 2
3 BOP Balance of Payments Main Components Commercial services: 1. Transportation 2. Travel Other commercial services 11. Government services (not in GATS) 3. Construction services 4. Communications services 5. Insurance services 6. Financial services 7. Computer and information services 8. Royalties and licence fees 9. Other business services 10. Personal, cultural and recreational services WTO/OMC 3
4 Modes of supply Statistical coverage of modes of supply Mode of Supply Mode 1: Cross border supply Mode 2: Consumption abroad Mode 3: Commercial presence Mode 4:Presence of natural persons Relevant Statistical Domains BOP: services categories excluding travel and construction services BOP: Travel FATS statistics BOP: FDI data, construction services Insufficiently covered BOP: parts of commercial services components (excluding travel) Additional BOP Statistics: labour-related flows WTO/OMC 4
5 Modes of supply Sales by GATS Modes of Supply: Statistical Approximation Mode of Supply Estimated share cross-border 35 % consumption abroad % commercial presence 50 % presence of natural persons 1 2 % WTO/OMC 5
6 Commercial services exports Balance of Payments Billion US$ Commercial services exports of which Cross-border exports WTO/OMC 6
7 Cross-border commercial services exports by economic group Billion US$ Developed Developing WTO/OMC 7
8 LDCs commercial services exports Commercial services exports Billion US$ of which cross-border exports WTO/OMC 8
9 Growth of cross-border commercial services exports by economic group (%) 12.0 percentage World Developed Developing Transition ( ) LDCs WTO/OMC 9
10 Growth of cross-border commercial services exports by economic group and (%) p ercentag e World percentage Developed World 9.4 Developing Transition 4.7 LDCs Developed Developing Transition ( ) LDCs WTO/OMC 10
11 Cross-border commercial services exports by economic group Transition 5% 2003 Developing 26% Developed (excluding intra-eu 15) 69% WTO/OMC 11
12 Africa 8% Middle East 9% Latin America 13% Cross-border commercial services exports by region Developing Asia 70% 2000 China 9% NICs (6) 76% Middle East 8% Africa 8% Latin America 10% Other developing Asia 15% Developing. Asia 74% 2004 China 16% Other developing Asia 18% NICs (6) 66% WTO/OMC 12
13 BOP Services Cross-Border Supply Estimated Flows Between Developed and Developing Economies Percent 1999 Percent Developed 9 21 Developing* Developed Developing* Developed Developing* * Includes transition WTO/OMC 13
14 BOP World Estimated Structure of Cross-border Services Exports, 2003 Other business 35% Personal, cultural and recreational 2% Transportation 33% Communications 4% Royalties and license fees 8% Computer and information 6% Financial services 8% Insurance 4% WTO/OMC 14
15 Telecommunication infrastructure, Millions Main telephone lines Mobile cellular subscribers Internet users Source: ITU WTO/OMC 15
16 Telecommunications - International payments and traffic, USD billion BOP exports and imports Billion of minutes International telephone traffic WTO/OMC 16
17 Computer and information and Other business services exports Developed Developing Transition 500 Billion US dollars WTO/OMC 17
18 BOP Offshoring and international statistics How to measure the share of off-shoring in international transactions (BOP)? Through bilateral transactions (upper limit), but bilateral data are only scarcely available asymmetries in reporting and under-reporting of imports contribute to incomplete measures (sectoral misallocation, export data better than import data) In addition, difficult to record internal across-border transactions of large multinationals (FATS statistics?) WTO/OMC 18
19 BOP Offshoring and international BOP statistics Example for Asymmetry: India s exports in software services totals 11.3 bn$ in 2003 of which some 6.8 bn$ are bound for the US market. US imports (affiliated plus unaffiliated) from India are 1.1 bn $. That is only some 16% (import/export coverage) WTO/OMC 19
20 BOP Where to go from here? Improve reporting coverage of individual services sectors Provide bilateral trade flows Document deviations from international standards (metadata) and include economic analysis However, improved data require capacity building and technical assistance Inter-agency Task Force provides forum for developing guidance on improving these statistics WTO/OMC 20
Measuring Trade in Services
WTO Advanced Trade Policy Course 17 February 2017 Measuring Trade in Services Barbara D Andrea Economic Research and Statistics Division WTO/OMC Why are statistics on international trade in services needed?
More informationThe GATS and relevant statistical frameworks
SADC Workshop on Trade in Services Statistics The GATS and relevant statistical frameworks Gaborone, Botswana, 28-31 January 2014 The GATS System of rules covering international trade in services - Measures
More informationReducing trade in services data asymmetries
Reducing trade in services data asymmetries New Delhi, 3-6 November 2014 joscelyn.magdeleine@wto.org Why? Improving quality of trade in services statistics Integrated approach: Improve basic data as input
More informationMeasuring Trade in Services Training Module
Measuring Trade in Services Training Module WTO/OMC 1 Overview Characteristics and economic importance of services Importance of services Trade in services GATS and modes of supply Manual on Statistics
More informationThe current statistical framework for measuring trade in services and how it can be applied. Contact:
The current statistical framework for measuring trade in services and how it can be applied Contact: Andreas.Maurer@wto.org 1 World Trade in Commercial Services, Total Exports, 1980-2002 (USD billion and
More informationDr. Lucian Cernat Chief Trade Economist European Commission
Dr. Lucian Cernat Chief Trade Economist European Commission Trade in services: European and global issues Dr. Lucian Cernat Chief Trade Economist European Commission @Lucian_Cernat 1 Key points The role
More informationMeasuring Trade in Services. Training Module. Overview. Specifics of Trade in Services. The 4 Modes of Supply Under GATS.
Overview Measuring Trade in Services Training Module Carsten Fink Trade in Services and International Agreements Hanoi, Vietnam, May 23-27, 2005 Based on the presentation by Andreas Maurer (WTO) at the
More informationDomestic and Regional Policies to Promote Services Trade in China
Domestic and Regional Policies to Promote Services Trade in China Richard Newfarmer Julia Nielson Longyue Zhao World Bank Key messages Even though China is running a deficit in services trade, it has expanded
More informationMEASURING TRADE IN SERVICES
WORLD TRADE ORGANIZATION MEASURING TRADE IN SERVICES A training module produced by WTO / OMC in collaboration with the Inter-agency Task Force on Statistics of International Trade in Services December
More informationOverview of the Balance of Payments and International Investment Position Manual (BPM6)
Overview of the Balance of Payments and International Investment Position Manual (BPM6) Statistics of International Trade in Service: Challenges and Good Practices Regional Workshop for South-East Asian
More informationTrade. Services & Investment. EU-SADC EPA Group. Cape Town, September 2010
Services & Investment EU-SADC EPA Group Cape Town, September 2010 Key service sectors for development Infrastructure: financial services, telecommunicatios, transport, energy & the environment, business
More informationProfessional services: legal services, accountants, architects, engineers
ESF covers most services sectors, including: Insurance Banking Business services: IT & Computer; consulting, advertising, after-sales services Professional services: legal services, accountants, architects,
More informationForeign Affiliates Statistics
SADC Workshop on Statistics of International Trade in Services Foreign Affiliates Statistics Johannesburg, South Africa 10-12 February 2016 1 Typical questions on globalization, the monitoring of GATS
More informationWTO Telecommunications Negotiations: How Should SADC Countries Respond?
Number 2 January 2003 WTO Telecommunications Negotiations: How Should SADC Countries Respond? James Hodge University of Cape Town Negotiations on the liberalisation of telecommunications form an important
More informationSeventeenth Meeting of the IMF Committee on Balance of Payments Statistics Pretoria, October 26 29, 2004
BOPCOM-04/13 Seventeenth Meeting of the IMF Committee on Balance of Payments Statistics Pretoria, October 26 29, 2004 International Trade in Services Statistics Monitoring Progress on Implementation of
More informationFACTS AND FIGURES ON SERVICES ECONOMY N 1. 1/5 of the world total trade. 44% of world employment. 2/3 of world output. 40% of the global FDI total
United Nations Conference on Trade And Development PROSPERITY FOR ALL N 1 MAY 2013 SERVICES ECONOMY FACTS AND FIGURES ON 44% of world employment 74% 37% of developed countries employment 2/3 of world output
More informationTrade in Services Exports: The Indian Perspective
International Workshop on Services Trade Statistics Durban, South Africa, June 15-16, 2009 Presentation By R K PATTNAIK, Adviser, Reserve Bank of India Mumbai, India Trade in Services Exports: The Indian
More informationBasic Elements. GATS: Scope and coverage. What are services? GATS AND THE CURRENT SERVICES ROUND. GATS - Basic Features Washington, April 2004
GATS AND THE CURRENT SERVICES ROUND - An Overview - Basic Elements Washington, April 2004 2 GATS: Scope and coverage MEASURES AFFECTING TRADE IN SERVICES AT ALL GOVERNMENT LEVELS ALL SERVICES excluded:
More informationGATS and water services
GATS and water services Mireille Cossy World Trade Organization World Trade Institute 14 June 2010 Umbrella AGREEMENT ESTABLISHING WTO Goods Services Intellectual property Basic principles GATT GATS TRIPS
More informationIntroduction to the GATS
Introduction to the GATS Structure of the agreement, key concepts and obligations Seminar on Trade in Services Beijing, 25-27 June 2014 Trade in Services Division WTO 1 Issues covered o Why is trade in
More informationFDI and FATS statistics and tourism
Regional Workshop on Travel and International Tourism Consumption FDI and FATS statistics and tourism Roseau, Dominica, 14-17 May 2013 1 Value added in Hotels and Restaurants in selected CARICOM Members
More informationAid for Trade at a Glance 2015
Aid for Trade at a Glance 2015 CTD Aid for Trade Workshop 28 May 2015 1 The M&E exercise The aim of the M&E exercise is to survey how trade costs affect developing countries' competitiveness and ability
More informationFTA Investment Chapter and Sustainable Investment
FTA Investment Chapter and Sustainable Investment Symposium on Preferential Trade Agreements and Inclusive Growth 14-15 December, 2017 Shintaro Hamanaka Institute of Developing Economies (IDE-JETRO) Investment
More informationBalance of payments and international investment position
Balance of payments and international investment position Table of contents General... 1 Legislation... 2 Compilation sharing... 2 Dissemination and accessibility of statistics... 4 Release calendar...
More informationWORLD TRADE ORGANIZATION
WORLD TRADE ORGANIZATION Trade in Services S/DCS/W/MUS 24 January 2003 (03-0489) Original: English MAURITIUS Draft consolidated Schedule of Specific Commitments 1 Attached is a draft consolidated version
More informationZAMBIA-COUNTRY EXPERIENCE IN COMPILING FOREIGN AFFILIATES TRADE STATISTICS (FATS)
ZAMBIA-COUNTRY EXPERIENCE IN COMPILING FOREIGN AFFILIATES TRADE STATISTICS (FATS) WTO Seminar on Developments in Trade in Services Statistics and the Way Forward Geneva,19 th September 2014 1. FATS in
More informationInvesting for development
Investing for development Presentation at the Symposium on SDG 7 (Energy) in preparation for the 2018 High-Level Political Forum on Sustainable Development Oslo - October 19th, 2017 OUTLINE About Norfund
More informationSeminar on EU-Korea FTA: Non-Financial Services
Seminar on EU-Korea FTA: Non-Financial Services June 20, 2011 By Yeojin Yi Contents Trade in Services between Korea and the EU Overview of EU s Service Market Bilateral Trade in Services Korea s Service
More informationChapter 1. Globalization and the Multinational Corporation Cambridge University Press 1-1
Chapter 1 Globalization and the Multinational Corporation 2018 Cambridge University Press 1-1 1.1 Introduction Globalization Increasing connectivity and integration of countries and corporations and the
More informationRonald Jansen Chief of the Trade Statistics Branch United Nations Statistics Division / DESA
Ronald Jansen Chief of the Trade Statistics Branch United Nations Statistics Division / DESA E-mail: Jansen1@un.org 1 Part I General Frameworks Conceptual Framework Modes of supply Resident-nonresident
More informationAyaz Ahmed and Henna Ahsan
Ayaz Ahmed and Henna Ahsan Services sector is the largest and fastest growing sector in the world economy, accounting largest share in total output and employment in most developed countries. The share
More informationaid flows 13 flows (USD 000, 2009 constant)
AIDFORTRADE AT A GLANCE 2011 Basic indicators Population (thousands, ) 1 6 320 GDP (millions current USD, ) 2 5 939 GDP real growth rate (annual %, ) 3 6.4 GDP per capita, PPP (current international dollars,
More informationIII. TRADE IN COMMERCIAL SERVICES
.. The Highlights Transportation The economic crisis has severely hit sea transportation In 2008, world exports of transportation increased by 16 per cent, to US$ 890 billion. Exports grew by more than
More informationTHE IMPACT OF GLOBALISATION ON NATIONAL ACCOUNTS JOINT UNECE/OECD/EUROSTAT WORKING GROUP. Note by the UNECE secretariat
THE IMPACT OF GLOBALISATION ON NATIONAL ACCOUNTS JOINT UNECE/OECD/EUROSTAT WORKING GROUP Note by the UNECE secretariat Over the last decade we have witnessed an unprecedented increase in the cross-border
More informationIntroduction to the GATS
Introduction to the GATS Hanoi, May 2005 What is the GATS? General Agreement on Trade in Services Relatively new agreement (Uruguay Round) Unfinished - some disciplines still under negotiation Comprehensive
More informationPascal Kerneis Managing Director ESF (European Services Forum)
Pascal Kerneis Managing Director ESF (European Services Forum) 90 «The voice of the European Service Industries for World Economy: Percentage of GDP by Sector - 2016 80 70 76.7 73.1 67.2 69.2 68.8 65 60
More informationGlobal Economy is Expected to Grow by 3.4 % in 2016 GDP growth in 2016, %
Russia Brazil Mexico Rest of Latin America Rest of Eastern Europe Middle East and Africa Global Economy is Expected to Grow by 3.4 % in 216 GDP growth in 216, % 9 8 7 6 5 4 3 2 1-1 -2-3 -4 North America
More informationNeed for Services Trade Data Collection Present Status and a Roadmap for Future
Need for Services Trade Data Collection Present Status and a Roadmap for Future Panel Discussion at the Seminar organised jointly by Ministry of Commerce & Industry and ICRIER India Habitat Centre, New
More informationINT L TRADE LAW: DOHA & SERVICES LIBERALIZATION. Prof David K. Linnan USC LAW # 665 Unit Ten
INT L TRADE LAW: DOHA & SERVICES LIBERALIZATION Prof David K. Linnan USC LAW # 665 Unit Ten BEYOND PILLARS DOHA MINISTERIAL DECLARATION 1. Uruguay Round saw services liberalization as controversial, but
More informationDATA COLLECTION THROUGH NON BANK INT. TRANSACTION DIRECT REPORTING (Case Indonesia)
DATA COLLECTION THROUGH NON BANK INT. TRANSACTION DIRECT REPORTING (Case Indonesia) Regional Seminar on International Trade Statistics 3-6 November 2014, New Delhi, India POINTS OF DISCUSSION: 1. ITRS-BANK
More informationChapter 9: Manufacturing and Traded Services Sector (Carol Newman)
Chapter 9: Manufacturing and Traded Services Sector (Carol Newman) 1 Introduction Continuous evolution: agriculture to industry to services to specialisms within each Definition of services (see earlier):
More informationANZ Submission to the Joint Standing Committee on Trade and Investment Growth Inquiry into Australia s Trade and Investment Relationship with
ANZ Submission to the Joint Standing Committee on Trade and Investment Growth Inquiry into Australia s Trade and Investment Relationship with Indonesia February 2017 A. INTRODUCTION 1. ANZ welcomes the
More informationBRICS Key Economic and Financial Indicators 15-Mar-18
ICS Key Economic and Financial Indicators -Mar-1 Quarterly Quarterly Yearly Quarterly Quarterly Month-End Quarter-End Monthly (USD) Monthly Monthly Monthly PC per BoP CA Capita IR External Debt Export
More informationCEFTA Workshop on Foreign Affiliates Statistics. FATS compilation. Brussels, Belgium 9-10 December 2014
CEFTA Workshop on Foreign Affiliates Statistics FATS compilation Brussels, Belgium 9-10 December 2014 1 1. What does FATS mean? 1. What does AMNEs stand for? 2. What do they measure? 3. What are FATS useful
More informationServices Trade: Essential Fuel for U.S. and Global Economic Growth
Services Trade: Essential Fuel for U.S. and Global Economic Growth CHRISTINE BLISS, PRESIDENT, THE COALITION OF SERVICES INDUSTRIES SERVICESCOALITION.ORG The Role of Services in the U.S. Economy The United
More informationServices Statistics and Baseline Indicators - Insights from APEC Economies
Services Statistics and Baseline Indicators - Insights from APEC Economies 6 November 2015 ADBI-ESCAP Workshop Presented by APEC Policy Support Unit Copyright 2015 APEC Secretariat Background information
More informationTable 1: Balance of Payments 1 - Second Quarters of 2017 and 2018, Rs million
Table 1: Balance of Payments 1 - Second Quarters of 2017 and 2018, Rs million Credits Debits Credits Debits CURRENT ACCOUNT 106,024 113,823-7,799 113,375 121,261-7,886 GOODS AND SERVICES 44,898 60,743-15,845
More informationIs Southeast Asia Still Too Dependent on U.S. Growth? Claire Innes Asia-Pacific Group Global Insight
Is Southeast Asia Still Too Dependent on U.S. Growth? Claire Innes Asia-Pacific Group Global Insight Agenda Southeast Asia s growth model A shift to domestic demand-led Growth? The development of an intra-regional
More informationForeign Affiliates Statistics (FATS) FATS COMPILATION. Workshop on the Compilation of Trade in Services Statistics Abu Dhabi, January 2015
Foreign Affiliates Statistics (FATS) FATS COMPILATION Workshop on the Compilation of Trade in Services Statistics Abu Dhabi, 25-28 January 2015 1 FATS what they are Summary of the statistical framework
More informationBalance of Payments, Debt, Financial Crises, and Stabilization Policies
Chapter 9 Balance of Payments, Debt, Financial Crises, and Stabilization Policies Problems and Policies: international and macro 1 International Finance and Investment: Key Issues How major debt crises
More informationLinking and liaising with Balance of Payments compilation in measuring inbound and outbound tourism
Linking and liaising with Balance of Payments compilation in measuring inbound and outbound tourism The National Bank of Kazakhstan Daniyar Seisebayev Table of contents: Detailed estimation of the travel
More informationM E ASURIN G T R A D E IN SE R V I C ES
W O R L D T R A D E O R G A NI Z A T I O N M E ASURIN G T R A D E IN SE R V I C ES A training module produced by W T O / O M C!!!!! Update includes changes in the Manual on Statistics of International
More information1.Snapshot of Malaysia s Services Sector 2. ASEAN Economic Community 3.ASEAN Framework Agreement in Services (AFAS) 4. Mutual Recognition Arrangement
1 1.Snapshot of Malaysia s Services Sector 2. ASEAN Economic Community 3.ASEAN Framework Agreement in Services (AFAS) 4. Mutual Recognition Arrangement in ASEAN 5. Accountancy Services 6. Legal Services
More informationTrade in Services: Overview & Discussion on Issues of Concern for Indian businesses. R.V. Anuradha Partner, Clarus Law Associates
Trade in Services: Overview & Discussion on Issues of Concern for Indian businesses R.V. Anuradha Partner, Clarus Law Associates 2 Importance of Services Trade Services represent the fastest growing sector
More informationSession 5: In search of the meaningful market access what are the policy options for LDCs
REGIONAL WORKSHOP ON LEAST DEVELOPED COUNTRIES AND LEVERAGING TRADE AS A MEANS OF IMPLEMENTATION FOR THE 2030 AGENDA Session 5: In search of the meaningful market access what are the policy options for
More informationEXTERNAL SECTOR MODULE 1 BALANCE OF PAYMENT
EXTERNAL SECTOR MODULE 1 BALANCE OF PAYMENT External sector deals with export and import of goods and services, and financial capital between nations. The countries export goods and services over which
More informationWORLD TRADE ORGANIZATION
WORLD TRADE ORGANIZATION Trade in Services Special Session RESTRICTED 21 June 2005 (05-2643) Original: English TRINIDAD AND TOBAGO Initial Offer The following initial offer from the delegation of Trinidad
More informationAPPENDIX 2 TO ANNEX VIII ICELAND SCHEDULE OF SPECIFIC COMMITMENTS
APPENDIX 2 TO ANNEX VIII ICELAND SCHEDULE OF SPECIFIC COMMITMENTS I. HORIZONTAL COMMITMENTS ALL SECTORS INCLUDED IN THIS SCHEDULE 3) All foreign investment and currency transfers must be reported to the
More informationundertaken by Argentina during both the Uruguay Round and the extended negotiations on basic
WORLD TRADE ORGANIZATION Council for Trade in Services Special Session ARGENTINA Initial Offer RESTRICTED 8 April 2003 (03-1981) Original: Spanish The following initial offer was received from the Delegation
More informationEconomic effects of liberalising international trade in services
Economic effects of liberalising international trade in December 2005 Economic effects of liberalising international trade in Table of contents Preface... 3 Summary...... 5 Chapter 1 Introduction... 7
More informationLDC Services: Geneva Practitioners Seminar Series: Making Sense of GATS and Applying Good Practices in Services Negotiations
LDC Services: Geneva Practitioners Seminar Series: Making Sense of GATS and Applying Good Practices in Services Negotiations Seminar 2: Key Sectoral Issues and Domestic Regulation Juan A. Marchetti, WTO
More informationTRADE POLICY AND SUSTAINABLE DEVELOPMENT MEETING
TRADE POLICY AND SUSTAINABLE DEVELOPMENT MEETING Geneva, 6 -- 8 October 15 THE TRADE SLOWDOWN, TRADE DISTORTIONS, AND THE TPP Implications for Developing Countries Session-4 M r. Simon EVENETT Academic
More informationBusiness in the Global Economy
SLIDE 1 C H A P T E R 3 Business in the Global Economy 3-1 International Business Basics 3-2 The Global Marketplace 3-3 International Business Organizations 3-1 International Business Basics Goal 1 Describe
More informationRenewable Energy Services in the GATS
ALEJANDRO 67 Renewable Energy Services in the GATS Lisa Alejandro 1 United States International Trade Commission what are renewable energy services? Much attention is paid to trade in renewable energy
More informationFROM EXPORT PROMOTION TO INTERNATIONALIZATION What is ProMéxico?
FROM EXPORT PROMOTION TO INTERNATIONALIZATION What is ProMéxico? Economic facts about Mexico How We Work Trade Promotion Models Internationalization Results and Success Stories 1 WHAT IS PROMEXICO 2 3
More informationModels for Services Negotiation in RTA/FTA: Options for Developing Countries
2006/SOM1/CTI/FTA-RTA/009 Models for Services Negotiation in RTA/FTA: Options for Developing Countries Submitted by: USA APEC Workshop on Best Practices in Trade Policy for RTAs/FTAs: Practical Lessons
More informationChanging Patterns of Chinese Outward FDI Drivers and Implications
Changing Patterns of Chinese Outward FDI Drivers and Implications Thilo Hanemann Research Director thanemann@rhgroup.net Stanford Center for International Development Stanford University December 6, 2011
More informationTable 1: Balance of Payments 1 -First Quarters of 2017 and 2018, Rs million
Table 1: Balance of Payments 1 -First Quarters of 2017 and 2018, Rs million Credits Debits Credits Debits CURRENT ACCOUNT 101,211 106,195-4,984 104,928 106,854-1,926 GOODS AND SERVICES 45,920 58,189-12,269
More informationBrainstorming Meeting of the WTO LDC Group Operationalising the LDC Services Waiver
Brainstorming Meeting of the WTO LDC Group Operationalising the LDC Services Waiver Session II: LDC Services Exports & Export Potentials David Primack Executive Director 3-4 October 2013 WMO, Geneva, Switzerland
More informationHIGH LEVEL SEMINAR ON KEY ELEMENTS OF COMPETITIVENESS OF THE EUROPEAN INDUSTRY IN INFRASTRUCTURE PROJECTS OUTSIDE EUROPE Brussels, 8th October 2014
HIGH LEVEL SEMINAR ON KEY ELEMENTS OF COMPETITIVENESS OF THE EUROPEAN INDUSTRY IN INFRASTRUCTURE PROJECTS OUTSIDE EUROPE Brussels, 8th October 2014 Julián Núñez President of SEOPAN A - TOP GLOBAL CONTRACTORS
More informationList of Figures and Tables
List of Figures and Tables Figure I-1-1-1-1 Growth rate of emerging countries and percentage within the global economy... 2 Figure I-1-1-1-2 Export ratio of ROK and Southeast Asia and real GDP per capita...
More informationResults/Trade Performance- Intra
The EAC as a case Outline: Results/Performance and Background Liberalization of Trade in Services Deepening Integration Benefits, Challenges and Lessons for LDCs Quick Facts- EAC Population: 143.5 million
More informationINTERNATIONAL TRADE UNIT 7. Chapter 24. International Trade. Gavin Duffy
Chapter 24 International Trade (Exports and Imports - Visible and Invisible; Balance of Trade/Balance of Payments; Why Countries Trade; Barriers to Trade; Opportunities & Challenges in changing economy;
More informationEXPORT-IMPORT BANK OF INDIA WORKING PAPER NO. 51
EXPORT-IMPORT BANK OF INDIA WORKING PAPER NO. 51 India s Services Sector - an Analysis EXIM Bank s Working Paper Series is an attempt to disseminate the findings of research studies carried out in the
More informationNotes to the consolidated financial statements continued
98 Vodafone Group Plc Annual Report 2011 10. Impairment Impairment losses The net impairment losses recognised in the consolidated income statement, as a separate line item within operating profit, in
More informationConstraints and Opportunities for Growth in the LDCs: Research to Support Action
Constraints and Opportunities for Growth in the LDCs: Research to Support Action John S. Wilson Development Economics Research Group Trade and International Integration World Bank April 19, 2012 1 Outline
More informationThe International Regulatory Regime on Capital Flows and Trade in Services
The International Regulatory Regime on Capital Flows and Trade in Services Federico Lupo Pasini Fellow, CUTS International PhD Candidate, National University of Singapore How Conceptualize Capital Flows??
More informationHong Kong s s Expanding Role as an Offshore RMB Centre
Hong Kong s s Expanding Role as an Offshore RMB Centre Goldman Sachs Global Macro Conference Peter Pang Deputy Chief Executive Hong Kong Monetary Authority 22 February 211 Mainland s s Phenomenal Growth
More informationStatistical release: BIS international banking statistics at end-september 2018
January 9 Statistical release: BIS international banking statistics at end-september Global cross-border credit grew at an annual rate of % for the fourth consecutive quarter. Cross-border claims denominated
More informationA new design for the corporate income tax?
A new design for the corporate income tax? Michael Devereux Paris, October 17, 2013 Three issues 1. Why tax corporate profit, and what economic problems arise in attempting to do so? 2. Defining the domestic
More informationInvestment and Financing of the ICT sector. Arab Conference on Industrial Information and Networks Tunis - May 23, 2005
Investment and Financing of the ICT sector Arab Conference on Industrial Information and Networks Tunis - May 23, 2005 GICT Structure IFC Activities World Bank Units Global Communications Investment Portfolio
More informationOECD Trade Facilitation Indicators: A Guide to Implementation and Future Action
OECD Trade Facilitation Indicators: A Guide to Implementation and Future Action Future Research Agenda for Trade Facilitation and Inclusive Growth Beijing, 12 September 2013 OECD TFIs What is the Impact
More informationFuture of the Trading System. Robert Z. Lawrence
Future of the Trading System Robert Z. Lawrence Over time, integration has increased on many fronts. Policies Lower tariffs Deeper international trade agreements Liberalization of investment Technological
More informationTrade in Services and Financial Inclusion. Hamid Mamdouh WTO April 2017
Trade in Services and Financial Inclusion Hamid Mamdouh WTO April 2017 Financial Exclusion: What Do We Know? Source: SOFI2016: Financial Inclusion infographic - Expanding Access to Financial Services How
More informationCHAPTER-4 GLOBALISATION AND THE INDIAN ECONOMY TC-ASH
CHAPTER-4 GLOBALISATION AND THE INDIAN ECONOMY TC-ASH GLOSSARY- 1. Globalisation- A process through which goods, services and capital flow freely between the countries. In this rapid integration or interconnection
More informationThe General Agreement on Trade in Services (GATS): objectives, coverage and disciplines
The General Agreement on Trade in Services (GATS): objectives, coverage and disciplines Everything you wanted to know about the General Agreement on Trade in Services, but were afraid to ask... 1. What
More informationServices Globalisation in Australia - Trends and Perspectives. Pradeep Khanna Chief Executive, GLOBAL MINDSET
Services Globalisation in Australia - Trends and Perspectives Pradeep Khanna Chief Executive, GLOBAL MINDSET 1 Setting the scene 2 Real GDP Growth (Source: Benchmark Report 2011) Country Average Growth
More informationFOREIGN DIRECT INVESTMENT TRENDS IN ASIA AND THE PACIFIC
FOREIGN DIRECT INVESTMENT TRENDS IN ASIA AND THE PACIFIC The fourth Asia-Pacific Foreign Direct Investment (FDI) Network for Least Developed and Landlocked Developing Countries 25 November 2014, Colombo,
More informationCARIBBEAN REGIONAL NEGOTIATING MACHINERY THE TREATMENT OF PROFESSIONAL SERVICES IN THE EPA
CARIBBEAN REGIONAL NEGOTIATING MACHINERY THE TREATMENT OF PROFESSIONAL SERVICES IN THE EPA In the CARIFORUM-European Community (EC) Economic Partnership Agreement Negotiations, the Parties negotiated provisions
More informationEUROPEAN UNION SOUTH KOREA TRADE AND INVESTMENT 5 TH ANNIVERSARY OF THE FTA. Delegation of the European Union to the Republic of Korea
EUROPEAN UNION SOUTH KOREA TRADE AND INVESTMENT 5 TH ANNIVERSARY OF THE FTA 2016 Delegation of the European Union to the Republic of Korea 16 th Floor, S-tower, 82 Saemunan-ro, Jongno-gu, Seoul, Korea
More informationLebanon s Experience
1 Data sources and collection of relevant data: ITRS Lebanon s Experience The International Transactions Reporting System (ITRS) is an important source of data for BOP transactions in Lebanon in the absence
More informationProductivity Commission GTAP Board Summary 2000
Productivity Commission GTAP Board Summary 1 Construction of the FTAP model During the past year the Commission developed the FTAP model. The FTAP model is a 19 region, 3 sector, comparative static, computable
More informationGENERAL AGREEMENT. GATS/SC/63 15 April 1994 ON TRADE IN SERVICES ( ) NICARAGUA. Schedule of Specific Commitments
GENERAL AGREEMENT 15 April 1994 ON TRADE IN SERVICES (94-1060) NICARAGUA Schedule of Specific Commitments (This is authentic in Spanish only) NICARAGUA - SCHEDULE OF SPECIFIC COMMITMENTS Modes of supply:
More informationBRICs: actual growth and cooperation perspectives. International Advisory Council 3 rd Metting August 15, Luciano Coutinho President
BRICs: actual growth and cooperation perspectives International Advisory Council 3 rd Metting August 15, 2011 Luciano Coutinho President Emerging countries remain ahead in worldwide growth Annual Growth
More informationBalance in Emerging Markets:
Balance in Emerging Markets: The Analysis of Foreign Direct Investments Vladimir Tomsik Chief Executive Director and Bank Board Member Czech National Bank International Finance Conference, Kolkata,, India
More informationIntroduction to INDONESIA
Introduction to INDONESIA Indonesia is the fifth largest economy in Asia in nominal GDP terms and the third most populous nation behind China and India. It has recorded strong economic growth over the
More informationFOREIGN AFFILIATES TRADE IN SERVICES: DATA SOURCES AND COMPILATION
FOREIGN AFFILIATES TRADE IN SERVICES: DATA SOURCES AND COMPILATION By Ummi Kalsum Mohamad Department of Statistics Malaysia International Seminar on Trade in Services and Tourism Statistics 9 October 2013
More informationSTD/PASS/TAGS STD/SES/TAGS Trade and Globalisation Statistics
Contribution from OECD to the Inter-agency Consultation on the Future of International Trade Statistics, Wednesday 24 February, United Nations, New York Andreas Lindner Head, Trade and Globalisation Section
More informationEdexcel (A) Economics A-level
Edexcel (A) Economics A-level Theme 4: A Global Perspective 4.1 International Economics 4.1.9 International competitiveness Notes Measures of international competitiveness International competitiveness
More informationProfessor Centre for WTO Studies
Professor Centre for WTO Studies INTRODUCTION IMPORTANCE OF SERVICES 4 June 2013 2 Services : Their Economic Importance India Total share of services in the GDP is almost 57% India: Sectoral Share of GDP
More information