October 25 - Christine Bliss participates in the 11th ITC Services Roundtable
Christine participated in the International Trade Commission’s 11th Annual Services Roundtable on Wednesday, October 25th. The Roundtable brings together private sector representatives along with academics, experts from the World Bank, OECD, and US government trade experts to discuss a series of services questions posed by ITC Commissioners. This year’s questions focused on the relationship between goods and services trade and developments in the tradability of services.
The Commissioners asked about the ways in which services facilitate trade in goods, including improving productivity of goods producing industries, the impact of services barriers on goods trade and how the increasing “servicification” of manufacturing should be addressed in trade agreements. The discussion highlighted the growing importance of the “servicification” of manufacturing, the degree to which digital technology and digitally enabled services are promoting the competitiveness of manufacturing (highlighting examples of sensors being implanted in goods and generating big data, which is then used to track and enhance performance of products, and the widespread use of cloud storage and cloud computing) and the importance of strong digital trade rules in trade agreements to support the continued competitiveness of services and manufacturing. The discussion also highlighted the ways in which current data does not reflect the value of services inputs in US goods exports.
The second portion of the Roundtable focusing on factors influencing the tradability of services, also highlighted the impact of digital technology and digitally enabled services in expanding the scope of tradable services.
June 19-22 - CSI hosts events events on services and manufacturing
Last week, the Coalition of Services Industries (CSI) hosted two panel discussions, both titled “Redefining Manufacturing: The Service Sector’s Role in Boosting U.S. Competitiveness and Resilience,” which examined the interplay between services and manufacturing, and their complementary roles in further strengthening the U.S. economy. View full summary here.