How can increased openness to trade in services support a strong economic recovery?
World services trade fell by 24 percent year-on-year in the third quarter of 2020, followed by a record 30 percent drop in the second quarter. In addition to the shock of the pandemic, governments introduced new barriers across all major sectors, even while they lowered barriers to cross-border digital trade. What measures can governments take to reignite trade in services for a strong, inclusive, and sustainable recovery?
Joining this episode of Trade Winds were:
Anabel González, Nonresident Senior Fellow, Peterson Institute for International Economics (PIIE)
- Marion Jansen
Director, Trade and Agriculture Directorate, Organization for Economic Cooperation and Development
- Aaditya Mattoo
Chief Economist, East Asia and Pacific Region, World Bank
ABOUT THIS SERIES
Trade Winds is a biweekly virtual event series hosted by Anabel González that explores the future of global commerce in the era of the COVID-19 pandemic, including ways that international cooperation on trade can accelerate the recovery.