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CHARACTERISTICS OF THE SERVICES SECTOR OVERVIEW Workshop on Statistics on International Trade in Services 1 by xks71894

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									        CHARACTERISTICS OF THE
           SERVICES SECTOR
             - OVERVIEW-



  Workshop on Statistics on
International Trade in Services
                      1
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          I. CHARACTERISTICS OF THE
          SERVICES SECTOR – OVERVIEW
    1.    Importance of services, and trade in services,
          in the economy
    2.    Key distinctions: Trade in Services vs. Trade in
          Goods
    3.    Production characteristics - Modes of Supply
    4.    BOP, WTO, GATT & GATS (see slide 8)

          Discussion

  Workshop on Statistics on
International Trade in Services
                      2
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    Share of Services Value Added in GDP
    Country groups and selected countries, 2000 (percentage)

         100%
          90%
          80%
          70%
          60%
          50%
          40%
          30%
          20%
          10%
           0%




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                   Services                              Agriculture                  Industry

  Workshop on Statistics on
International Trade in Services
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                   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
  Workshop on Statistics on
International Trade in Services
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                    SERVICES vs. GOODS (2/2)

   • Services - Intangible output of a production process

                                    PRODUCTS:
                                  • GOODS
  PRODUCTION                        (tangible)     USERS’
                                                   NEEDS
                                  • SERVICES
                                    (intangible)



  Workshop on Statistics on
International Trade in Services
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                        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”)



  Workshop on Statistics on
International Trade in Services
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                              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
  Workshop on Statistics on
International Trade in Services
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                    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

  Workshop on Statistics on
International Trade in Services
                      8
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                     GENERAL AGREEMENT ON
                     TRADE IN SERVICES (GATS)
Set of rules covering international trade in services


                                  Set of general obligations and disciplines
         GATS
                                  Countries’ schedules of specific commitments
         Pillars
                                  Annexes on specific issues


  Commitments                     By services sectors
  under GATS                      By mode of supply

  Workshop on Statistics on
International Trade in Services
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