Services, Trade and Development
Services trade and development  

The services sector plays an increasingly important role in the global economy and the growth and development of countries through the generation of opportunities for greater income, productivity, employment, investment and trade. Indeed, manufacturing activities and competitiveness increasingly depend on services, a phenomenon known as "servicification".

Services are also crucial for achieving the 2030 Sustainable Development Goals. Strengthening the domestic services sector by increasing its backward and forward linkages with the primary and the secondary sectors, as well as its linkage with trade, can be an effective component of a comprehensive development strategy. For developing countries, service trade is the new frontier for enhancing their participation in international trade and, in turn, realizing development gains. Moreover, as services trade demonstrated relative resilience in the latest financial and economic crises this creates additional incentives for countries to incorporate services trade into their national trade and growth strategies.

Given the multifaceted contribution of services to national economy and trade, it is critically important for countries to design and implement a services-driven development strategy within a coherent and comprehensive policy framework, ensuring linkages with other policy areas and overall national development objectives. However, due to the complexity of the services sector and the broad range of actors involved across ministries, departments and agencies at different levels of government as well as in the private sector, developing and implementing such a strategy remains a challenge for many countries. Hence the slow progress in positively integrating developing countries into the global services economy and increasing their participation in services trade. It is therefore imperative to increase public and private sector advocacy and awareness, to mobilize policy attention and resources to boost the sector's contribution to growth and development.

UNCTAD has implemented a comprehensive work programme on services, trade and development with a view to assisting developing countries in growing their services sectors, increasing their participation in services trade and realizing development benefits.

Our focus areas include:

  • Services policy reform

  • Multilateral rule-making in services

  • Development impact of trade liberalization in services

  • Multilateral and regional negotiations on services, including on preferential treatment to services and service suppliers from LDC members

 

 News

 
GSF 2013
28 May 2013To boost employment, expand services capacity, experts advise
Global Services Forum
23 May 2013Global Services Forum to focus on sector vital to developing-country economies
17 May 2013Culture vital for development progress, Deputy Secretary-General tells meeting
15 May 2013Trade in creative products reached new peak in 2011, UNCTAD figures show
14 May 2013Joint UNCTAD-ILO report urges greater attention to farming sector
Page 5 of 8, items 21 to 25 of 37

 

 Documents and Publications

 
Services Policy Review: Paraguay (UNCTAD/DITC/TNCD/2014/2)
| Español
Services Policy Review: Peru (UNCTAD/DITC/TNCD/2013/11)
Page 2 of 7, items 6 to 10 of 32

 

 Meetings and Events

 

Featured Publication
UNCTAD's work on Services 
Download:
 
Quick links
Global Services Forum 2013 
 
Services, Trade and Inclusive and Sustainable Development
UNCTAD XIII, 19 April 2012
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Charlie Hebdo