Trade in Services

In a new report, UN agencies call for stronger policy coordination and capacity-building to ensure digital trade leads to inclusive development in the region.

UNCTAD recommends five key consumer protection measures to maximize the poverty-reducing power of the money migrants send home.

UNCTAD steps up advocacy for global support to help vulnerable economies leverage digital trade for inclusive and sustainable development.

System enhances the collection and processing of statistics on international trade in services to better inform policymaking in eight African countries.

World trade hit a record $32 trillion in 2022, but growth turned negative in the last half of the year. Environmentally friendly products defied the trend.

The booming digital economy has heightened the need for new data and measurement tools to strengthen evidence-based policymaking.

New agreements will bolster joint efforts towards economic integration, sustainable trade and inclusive development in the region.

Countries without these statistics face barriers in implementing the policies needed to support businesses in adapting to and benefiting from digital tools and technologies.

UNCTAD nowcasts show that trade in services has not yet reached its pre-pandemic level, while merchandise trade is projected to have surpassed it by 15%.

ICT services grew to almost 14% of total services’ exports worldwide in 2020, while the long-term upward trend in digitally deliverable services trade rapidly accelerated.