Service Trade and Global Trading System

"Services trade is growing faster than merchandise and such dynamic changes need to be captured in the global trading system, stated Suresh Prabhu, speaking at the 6th Growth Net Summit"
What did he mean by the statement? Does it mean Service trade is not captured so far? What does it actually mean by Global Trading System? What is the implication of the statement?
Sign In or Join to comment.

Subscribe to ForumIAS Blog


We are a secret self-moderated community for Civil Services preparation. Feel free to join, start a discussion, answer a question or just to say Thank you.

Just dont spread the word ;)

Sign in or join with Facebook or Google