The publications listed below are part of CSI's efforts to maintain an up-to-date resource library of services-related publications focusing on issues of interest to CSI and its members.
Click here for the Coalition of Services Industries 2018 Agenda: “Promoting American Competitiveness Through Services and Digitally Enabled Trade.”
Click here for the Congressional Research Service (CRS) Insight, "Escalating Tariffs: Timeline and Potential Impact." (July 31, 2018)
Click here for the CRS Insight, "The WTO: US Participation at Risk?" (July 31, 2018)
Click here for the CRS Report, "US-China Trade." (July 30, 2018)
Click here for the Atlantic Council blog post, “Trade in Services Agreement: A Way Out of the Trade War?" (July 23, 2018) Key points include:
- A policy focused on trade in goods misses not only the largest sector of the U.S. economy but also the United States’ prowess in providing services internationally; proponents of trade should focus on trade in services, where there is much more to gain.
- The Trade in Services Agreement (TiSA), which focuses on liberalizing trade in services, is a potential tool to drive of economic growth and stability, although TiSA negotiations.
- TiSA negotiations involve twenty-three WTO members, including 12 of the G20 countries, which together account for more than 70 percent of the world’s trade in services.
- There have been twenty-one rounds of negotiations, the most recent one concluding in 2016.
- If talks would restart, the agreement would likely contain four parts: 1) a core text building on key provisions of GATS and is horizontally applied to all parts of the agreement; 2) special commitments on market access; 3) specific sectoral regulatory annexes; and 4) institutional provisions that set rules for how TiSA would function, expand or be amended.
- Proponents of TiSA tout TiSA’s potential in lowering service trade cost, promoting greater domestic competition, and leveling the playing field for service providers; international standardization in services would also promote better standards and best practices.
- Finalizing TiSA will be an uphill battle in a policy and political climate that is currently less hospitable to the trade liberalization agenda, but reenergizing the talks would represent a way forward and could provide a creative way to help reframe hostilities in trade in goods, with the potential to improve global commerce at home and abroad
Click here for the U.S. International Trade Commission's (USITC) "Recent Trends in U.S. Services Trade: 2018 Annual Report" (June 2018), which provides data on U.S. exports and imports of electronic services, particularly audiovisual, computer and data processing, and telecommunications services, as well as sales of these services by foreign affiliates of U.S. firms and purchases from U.S. affiliates of foreign firms. In 2016, the United States exported $93.4 billion in cross-border electronic services and imported $54.3 billion, resulting in a trade surplus of $39.1 billion. In 2015, sales by foreign affiliates of U.S. electronic services firms totaled $270.1 billion, and purchases from U.S. affiliates of foreign electronic services firms totaled $132.7 billion. U.S. electronic services contributed $989.0 billion to U.S. gross domestic product (GDP) in 2016, or 6.9 percent of total U.S. private sector GDP. Electronic services employed over 3.7 million full-time equivalent employees in 2016, representing 3.3 percent of U.S. total private-sector employment. Electronic services workers earned an average wage of $106,052 in 2016 (compared to $59,485 in the private sector overall).
Click here for the 2018 National Trade Estimate Report on Foreign Trade Barriers (NTE) (March 27, 2018), released by the Office of the U.S. Trade Representative (USTR). The annual report documents foreign trade and investment barriers facing American exports around the world.