Characteristics of international service trade

International service trade has the characteristics of intangibility, difference and high added value.

1, stealth

The object of international trade in services is usually intangible, such as services provided in the fields of finance, education and medical care. This invisibility makes service trade and commodity trade have significant differences, which cannot be displayed and compared intuitively like commodities. Invisibility also makes service trade pay more attention to service quality, professional knowledge and skills in the transaction process.

2. Difference

Because the service is intangible, the service quality between different service providers may vary greatly. This difference makes service trade more personalized and customized, and services need to be customized according to different needs and situations.

3. High added value

Compared with traditional commodity trade, service trade has higher added value. This is because service trade involves advanced elements such as knowledge, technology and management, and has high value and scarcity. With the development of economy and the upgrading of consumption structure, people's demand for services is increasing, and the status of service trade in international trade is gradually improving.

Advantages of international service trade

1, promoting the upgrading of industrial structure

The development of international service trade is helpful to promote the upgrading of industrial structure. With the development of economy and the progress of technology, the status of service industry in the national economy has been gradually improved, which has become an important driving force for economic growth. By developing service trade, we can attract more foreign capital and technology to enter the domestic market, promote technological innovation and industrial upgrading of service industry, and improve the international competitiveness of service industry.

2. Optimize resource allocation

International service trade can optimize global resource allocation and improve production efficiency. The development of service trade enables countries to make more effective use of superior resources, focus on developing service industries with comparative advantages, and realize the optimal allocation of resources.

3. Increase employment opportunities

Developing international service trade can increase employment opportunities and improve people's living standards. Service industry is an important field to attract employment, and the development of service trade can drive the rapid development of service industry and create more employment opportunities.