trade in commercial services

 trade in commercial services

trade in commercial services

Once again, Europe is the world’s biggest trading region,

accounting for over half of commercial services exports and just

under half the world’s imports. Trade in services is similar to

agriculture in that it is highly concentrated among a small group of

countries. The developed countries and emerging Asian economies

account for 85%, with China and India the only developing

countries in the top 20. That said, trade in commercial services

is expanding quickly everywhere. In Africa, for example, services

exports and imports) expanded by 21% and 19% respectively in)

2007, higher than the world averages of 18% and 16%.