Global Trade in Services: The Potential for Greater Liberalization and Increased Economic Growth
DescriptionThe Milken Institute Center for Financial Markets and the Georgetown University Center for Financial Markets and Policy in the McDonough School of Business co-hosted this panel discussion for Hill staff.
In the last 50 years, a significant reduction in tariffs on the trade of goods and merchandise has resulted in increased trade volumes and contributed to overall global GDP growth. Global trade in services has also grown significantly, now accounting for about 30 percent of U.S. exports; however, barriers to trade in services still exist, and these obstacles could potentially hinder opportunities for future economic growth.
This briefing explored how policymakers can promote service trade liberalization while addressing the myriad of legal and regulatory hurdles and other policy considerations.
For more information on this briefing, please contact Dianna Dunne, Director of Government Affairs, at email@example.com.