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- Volume 2014, Issue 1, 2014
International Trade Forum - Volume 2014, Issue 1, 2014
Volume 2014, Issue 1, 2014
Published quarterly since 1964 in English, French and Spanish, the International Trade Forum focuses on trade promotion, export development and import methods, as part of its technical cooperation programme with developing countries and economies in transition.
Language:
English
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Message from Arancha González, Executive Director, ITC
Author: Arancha GonzálezServices matter more in international trade than meets the eye. They account for close to half of world exports when the full value of services inputs are properly accounted for in the final output of goods.
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Creating value in an interconnected world - The role of services
Author: Angel GurríaGlobal trade is undergoing rapid change through a fragmentation of production processes and the integration of emerging economies into the global market. A key factor in the expansion of global value chains (GVCs) is the role played by services activities. There would be no GVCs if well-functioning transport, logistics, finance, insurance, communication and other business services did not move goods, people and knowledge along the value chain. It is through services that companies coordinate and link stages of production. The OECD-World Trade Organization database on Trade in Value Added reveals that services account for over 30% of the value created in manufacturing value chains.
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Fair growth for all through tourism
Author: Taleb RifaiTourism represents the perfect blend of contemporary globalization, incorporating trade, mobility, people, and development. It has proven its endurance amid persisting global economic challenges, geopolitical changes, and natural and man-made crises.
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A services environment facilitating manufacturing and agriculture
Authors: Magnus Rentzhog and Emilie AnérEfficient services markets are essential for manufacturing and agricultural production and trade. Governments wanting to increase competitiveness in these areas work towards creating them.
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What is TiSA and why does it matter?
Author: Peter AllgeierThe Trade in Services Agreement (TiSA) is the first negotiation focused exclusively on updating international standards since the General Agreement on Trade in Services (GATS) more than 20 years ago. It promises to reshape the way of conducting services trade and has the potential to add US$ 3 trillion to global economic output.
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The trouble with TiSA
Author: Pierre SauvéServices are central to everything an economy produces, exports, and invests in. As such, an inefficient services sector represents an unwelcome burden on economic performance. The growing acceptance of this central economic reality has fuelled unprecedented autonomous liberalization in services markets around the globe in recent decades.
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Q&A with WIPO Director-General Francis Gurry
Author: Jarle HetlandInternational Trade Forum talks with Francis Gurry, Director-General of the World Intellectual Property Organization (WIPO), about how small and mediumsized enterprises (SMEs) can gain from increasing their intellectual property (IP) knowledge.
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Service sector in Barbados charting a new strategic direction
Author: Lisa R. CumminsThe services sector in the Caribbean in general, and in Barbados in particular, is bleeding from many wounds. The country is in the midst of the worst recession it has faced in modern times. The business sector has contracted and many providers are reporting significant challenges to domestic growth.
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Bringing international accounting standards to SMEs in the Arab world
Author: Talal Abu-GhazalehWhen I first contemplated setting up Talal Abu-Ghazaleh International (TAGI) in the early 1970s, the business landscape in the Arab world was in desperate need of transformation. The region was experiencing the dawn of an oil boom that would transform the lives of millions through an influx of global brands in pursuit of business opportunities and partnerships.
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Colombian trade promotion leads to services export boom
Author: Maria Claudia LacoutureA testimonial provided by David Bergantino, former vice president of premium games production at broadcaster Nickelodeon in the United States of America, shows Colombia’s position as an emerging global service provider. ‘There is talent and enthusiasm as well as a great ability to deliver at a high level of quality and at a competitive cost,’ he said last year at a seminar in Bogotá.
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Ensuring business-friendly services regulation through dialogue
Authors: Rajesh Aggarwal and Charlotta FaleniusThe linkage between regulatory reform and liberalization in services trade has been receiving increased attention from international institutions including the World Bank, the Organisation for Economic Co-operation and Development and the World Trade Organization. Building on their work, the International Trade Centre (ITC) is launching an assessment framework to promote business-friendly services regulations. Understanding trade restrictions is particularly pertinent in a global economy where supply chains are fragmented. Reducing burdensome services trade restrictions is thus an important part of the reform process.
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Entering services sector value chains - How aid for trade can help
Authors: Rob Skidmore and Jane Drake-BrockmanThe key role of services industries in enabling the development of value chains in goods is now well understood. Services industries are also fragmenting into global value chains themselves. Business services intermediates have become the fastest growing component of world trade, reflecting the growth of services outsourcing and the emergence of global services value chains.
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Regional cooperation in services trade
Author: Fauziah Dato TalibThe Association of Southeast Asian Nations (ASEAN) views trade in services as key to achieving regional economic integration since the services sector makes up nearly half of GDP in many member states. Sector liberalization is expected to create a competitive environment that generates more efficient services delivery across the region, leading to an expansion of productive capacity and economic development.
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Bangladeshi IT sector building business links in Europe
Author: Nicki ChadwickExports by several Bangladeshi IT companies have risen by over a fifth following their participation in a business matchmaking scheme run by the Bangladesh Association of Software and Information Services (BASIS).
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Indonesian services sector finds its voice
Author: Jane Drake-BrockmanThe Indonesian services sector has taken off in the last decade. Services account for about 54% of GDP and nearly 50% of employment. It is also the fastest-growing sector of the national economy, averaging more than 7% annual growth for the last decade and creating more than 400,000 jobs in 2011 alone, predominantly in small firms.
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Fostering sustainability in toursim
Author: Melanie LandthalerTourism is one of the largest and fastest-growing economic sectors worldwide and its expansion is expected to continue. International tourist arrivals will increase by 3.3% annually over the next 15 years and reach an estimated 1.8 billion in 2030, the World Tourism Organization (UNWTO) has said. Further, destinations in emerging economies are expected to rise at double the pace (4.4% per year) of those in advanced economies (2.2% per year).
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Putting principles into practice with WTO domestic regulation disciplines
Authors: Aik Hoe Lim and Bart De MeesterDomestic regulation of services sectors has a significant impact on services trade. World Trade Organization (WTO) members have already agreed to negotiate a set of disciplines to ensure it is not unduly burdensome. There are many good reasons why services markets need regulation, such as protecting consumers, tackling fraud and tax evasion, and making services available to all citizens at equitable rates.
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Mobilizing businesses to expand trade in services
Author: Susanna PakBusiness communities in developing countries must be fully involved in expanding trade in services and tackling related regulatory issues to tap the vast potential of the growing services sector, according to a new book by the International Trade Centre (ITC).
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