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%.
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