Liberalizing Services for Future Growth
S. Crean, Austrl. trade min. & S. Schwab, US trade rep. | April 14, 2008
Since they help increase productivity and develop economic potential, efficient services are fundamental to modern economies. ++ Because the service sector is expanding rapidly and contributing to sustainable growth, liberalization could boost the world economy by $1 trillion. ++ Australia and the US will thus not support the WTO's Doha package unless it includes commitments to loosen constraints on services.
