1887

Trade in Services

An Answer Book for Small and Medium-Sized Exporters

image of Trade in Services

Services have played an important role in world trade for centuries. However, in the past 40 years, the focus of the services trade has shifted away from facilitating the trade in goods to trading in the services themselves. Dramatic changes in communications and transportation technologies have made this possible. While exporters of goods and services face similar challenges, services exporters have to deal with unique issues, many related to their intangible nature. This guide addresses these issues and offers practical and relevant advice to small and medium-sized enterprises to help them improve their export performance or enter new markets.

English Spanish, French

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How do I manage foreign exchange risk?

Unless all your customers abroad agree to pay you in your local currency, fluctuations in foreign exchange rates could put you at the risk of receiving less money for your services than you had planned for. A second risk could arise from an appreciation in the value of the foreign currency in which your services are billed, as this would make your product more expensive to sell abroad.

English French, Spanish

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