Regional Trade Agreements Boosting Global Services Sector Growth and Employment Opportunities
The article discusses how the service sector has become a major part of the global economy, with trade in services growing rapidly. Many international agreements are being made to promote trade in services, especially at the regional level. Examples include agreements between countries like the US, Singapore, and Australia. These agreements aim to make it easier for professionals to work in other countries and facilitate trade in services. This trend is not just limited to North-South agreements but also seen in South-South agreements.