CARIFORUM and UK EPA Study

Classification list utilised to negotiate the Trade Agreements, that is, the WTO’s W/120 services sectoral classification list. The Four main categories reported by UNCTAD are as follows: 1. Goods related services 2. Transport 3. Travel 4. Other services Additionally, this data is not usually reported by mode of supply 38. However, recent innovations by the WTO has resulted in the introduction of an experimental dataset on the Trade in Services by Modes of Supply (TISMOS) database, which will be used to draw important inferences about the trade in services generally. It is acknowledged that the modes of supply by which the services are traded will have implications for the analysis of the relevant conditions of market access which, for services, are related specifically to domestic regulations. Data on the modes by which a service is supplied will give insight into where and how services are exported, and thus any underlying natural or regulatory frictions or inherent business models that may be representative of that market. This can also give an indication of whether one mode of supply has become less important for the export of that service over time, suggesting areas for negotiating and addressing regulations that may hinder exports of a given service. This allows trade policy makers to take steps to address the specific barriers and increase opportunities in these specific services for the benefit of the relevant service providers.

To complement the identification of services by modes of supply at this still very aggregated level, the Study will further rely on insights provided by the OECD Services Trade Restrictiveness Index

38 These include Mode 1 – cross border supply (e.g., inbound e-commerce/digital trade transactions), Mode 2 – consumption abroad (e.g., nationals consuming tourist services overseas), Mode 3 – commercial establishment (e.g., inward FDI and entry/creation of Foreign Affiliates of overseas firms) and Mode 4 – temporary entry (e.g., inbound short-term consultants, technical experts, and investors).

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