The Present Situation of International Service Trade

The Present Situation of International Service Trade

The rapid development of international service trade. With the development of economic globalization and regional integration, the restrictions on trade in services have been gradually relaxed, and the demand for services is stronger for enterprises and individuals. International service trade has entered a period of rapid development. According to the World Trade Organization statistics, 199-2 years, the average annual growth rate of international trade in services was 7%, higher than the growth rate of 6% of world trade in goods over the same period. New service sectors are emerging, and more and more workers are moving from the physical production sector to the service production sector. The development of international service trade is manifested in more and more rich content and optimized structure.

From the perspective of the development of international trade in services, with the wave of global technological industrialization, some of the emerging service industries are rapidly rising and entering the field of service trade. Such as finance, insurance, data processing, technical services, consulting services. Their development is far faster than the traditional project trade in services.

From the structure of the development of international trade in services, it is precisely because of the rise of these emerging services, trade structure to further optimize the adjustment. Traditional services (such as transportation, tourism, etc.), which have accounted for about 6% of the world’s trade in services, have declined in development trend. The rising share of the rising service sector (such as communications, insurance, finance, etc.) is on the rise. Therefore, the optimization of trade structure is reflected in the department structure of world trade in services has been from the natural economy or labor-intensive traditional industries, and gradually shift to capital-intensive and knowledge-intensive technology services industry.

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