Trade in Services

Trade in services involves buying and selling intangible products such as financial services, consulting, education, or tourism between countries. Unlike physical goods, these services are delivered electronically or through travel and personal interactions. This type of trade allows countries to access expertise, niche skills, and experiences they may not produce domestically, fostering economic growth and international cooperation. It plays a vital role in the global economy, enabling the flow of knowledge and professional services across borders efficiently and smoothly.