Research Handbooks on the WTO series
Edited by Pierre Sauvé and Martin Roy
Chapter 2: Measuring trade in services in a world of global value chains
This chapter traces the evolution of trade and investment patterns in services from 2000 to 2013. As business models and services products are dynamic, statistical concepts need to adapt. The chapter integrates the latest concepts of the Balance of Payments 6th edition (BPM6) and the Manual on Statistics of International Trade in Services (MSITS 2010) for manufacturing of inputs owned by others as well as the treatment of intellectual property rights or merchanting of goods. New issues, such as factoryless goods producers or the merchanting of services, are also sketched.Trade in value added statistics suggest that the share of services in world trade is twice as high as conventional statistics show. Aspects of these new approaches to analysing services in manufactured goods trade (servicification) as well as for services fragmentation and resulting networks are described. Beyond, forward-looking issues such as the borderline between goods and services, questions on related market access in a supply chain context, ICT and ICT-enabled services, creative industries and issues around the Shared Economy are elucidated to sketch a roadmap of issues of relevance to further developments of statistical frameworks in services trade.
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