2019WORLDTRADEREPORTThefutureofservicestradeWhatistheWorldTradeReport?TheWorldTradeReportisanannualpublicationthataimstodeepenunderstandingabouttrendsintrade,tradepolicyissuesandthemultilateraltradingsystem.Whatisthe2019Reportabout?The2019WorldTradeReportexamineshowtradeinservicesislikelytoevolveinresponsetosomemajortrends,suchasdemographicchangesandtheimpactofdigitaltechnologies.FindoutmoreWebsite:www.wto.orgGeneralenquiries:enquiries@wto.orgTel:+41(0)227395111ContentsAcknowledgementsandDisclaimer3ForewordbytheWTODirector-General4Keyfactsandfindings6Executivesummary7A.Introduction121.Globalizationofservices142.Digitalizedservices:thenon-tradablebecomeshyper-tradable143.Theevolutionoftrade:fromagriculturetomanufacturingtoservices154.Morecomplexservicestraderequiresmorecoherentpolicies175.Whyitmatters176.Structureofthereport18B.Servicestradeinnumbers201.Trendsintradeinservices222.GlobaltradeinservicesthroughallmodesofsupplyisworthUS$13.3trillion223.Whotradesservices?314.Whatistheroleofservicesinglobalvaluechains?44C.Whyservicestradematters501.Thegainsfromservicestrade522.Servicestradeboostsfirms’competitiveness653.Howservicestradeaffectsemploymentandinclusiveness694.Concludingobservations80D.Servicestradeinthefuture821.Tradecosts842.Majortrendsthatwillaffecttradeinservices1003.Quantifyingservicestradeinthefuture1224.Concludingobservations134E.Whatroleforinternationalcooperationonservicestradepolicy?1521.Introduction1542.Whygovernmentscooperateonservicestradepolicy1543.Howcountriescollaborateintheservicessphere1654.Prospectsforfuturecooperation1845.Concludingobservations193F.Conclusions198OpinionpiecesAlanBeattie,“Thecaseofthemissingservices”23SonjaGrater,AliParryandWilmaViviers,“MSMEsandservicestrade:Apathwaytoinclusivegrowthindevelopingeconomies?”42MatteoFioriniandBernardHoekman,“ServicestradepolicyandtheUnitedNationsSustainableDevelopmentGoals(SDGs)”66RupaChanda,“Ensuringinclusiveservicestrade:roleofcomplementarydomesticpolicies”78RichardBaldwin,“Digit...
