CARIFORUM and UK EPA Study

7.10 CARIFORUM’s Services Trade and Investment by Modes of Supply

Table 28: CARIFORUM Average & % Share of Exports by Mode (2008–2017)

CARIFORUM Average and Total Share of Services Exports by Mode of Supply (2008-2017)

Total/Average

Mode 1

Mode 2

Mode 3

Mode 4

Average Share of Exports Share of Total Exports

28.6% 63.9%

5.2%

2.2% 1.8%

35.9% 45.3% 17.0%

Total Services Exports (US$ Mn)

89,757

113,040

42,394

4,527

Source: WTO Statistical Database and Author's Calculations.

Over the period 2008 to 2017, the CARIFORUM region exported US$249.7 billion or almost a quarter of a trillion dollars worth of services globally, across all four Modes of supply. A total of 83% of that figure represented cross-border trade in services, with Mode 2 – consumption abroad representing the largest overall share with 45.3%. This was followed by Mode 1 - electronic commerce/digital services exports, representing approximately 36% of the total.

Figure 28: Total Average and % Share of Exports by Mode (2008-2017)

70%

60%

50%

40%

30%

20%

10%

0%

Mode 1

Mode 2

Mode 3

Mode 4

CARIFORUM Average

Share of CARIFORUM Total

Source: WTO Statistical Database and Author’s Calculations.

However, the total exports of services via Commercial Establishment (Mode 3) in consumer markets and the temporary movement of services providers (Mode 4) into those markets together only accounted for less than one-fifth (18.8%) of the total amount of services that were traded by the region globally. The picture grows starker when one accounts for the average share of exports across individual CARIFORUM States that takes place via these two modes of supply, which is just over 7% or far less than one-tenth.

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