ABSTRACT

International Trade in Services [December 16, 2020]   [open pdf - 484KB]

From the Document: "International trade in 'services' refers to a wide and growing range of economic activities. These activities include transport, tourism, financial services, use of intellectual property, telecommunications and information services, government services, maintenance, and other professional services from accounting to legal services. As services account for over 80% of U.S. employment and 79% of U.S. gross domestic product (GDP), trade in services, both as exports and as inputs to other exported products, can have a broad impact across the U.S. economy. The United States is the world's leading services exporter and importer. The United States continues to negotiate trade agreements both bilaterally and multilaterally in the World Trade Organization (WTO) to lower 'behind the border' barriers that limit U.S. services exports."

Report Number:
CRS In Focus, IF11706
Author:
Publisher:
Date:
2020-12-16
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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