If governments are to reap the benefits of the growing role of services trade, international cooperation will need to intensify.
Trade costs for services are higher than those for goods but these costs are falling, largely due to the impact of digital technologies, the Report finds. It highlights how declining trade costs are expected to expand the share of services in global trade and how this could contribute to more inclusive growth and development. If governments are to reap the benefits of the growing role of services trade, international cooperation will need to intensify.