What is meant by trade in services

Trade in services is the act of trade in the supply of services by a legal or natural person of a country to a legal or natural person of a foreign country, either within its territory or into the territory of another country. The main modes are: the supply of services from the territory of one member to the territory of any other member; the supply of services in the territory of one member to consumers of services in any other member; the supply of services by a supplier of services of one member with a commercial presence in the territory of any other member; and the supply of services by a supplier of services of one member with the presence of a natural person in the territory of any other member.

Including, among others, commercial services, communication services, architectural and related engineering services, marketing services, educational services, environmental services, financial services, health and social services, tourism-related services, recreational, cultural and sports services, and transportation services.

Expanded Information:

In the mid-1980s, Bhagwatti (]. N. Bhagwatti) (1984) and, in turn, G. Sampson and R. Snape (1985) extended Hall's concept of "service", which they characterized as the "service" concept. (1985) extended Hall's concept of "service" by dividing service areas into two categories: those that require physical proximity and those that do not. Using this as a basis, Bhagwati categorized four modes of trade in services:

1. Trade in services in which neither the consumer nor the producer moves;

2. Trade in services in which the consumer moves to the country where the producer is located;

3. Trade in services in which the producer moves to the country where the consumer is located;

4. Trade in services in which the consumer and the producer move to a third country to carry out trade in services. Sampson and Snape's classification of trade in services is essentially the same as Bhagwati's, except that the consumer of services is replaced by the recipient of services and that it can be either a person or an object. Similarly, in 1987 Grubel (H. G. Grubel) is directly defined trade in services as the international movement of people or things.

Baidu Encyclopedia - Trade in services

Baidu Encyclopedia - Services