The agreement should have been announced at the ministerial conference of the World Trade Organization, if it had not been canceled at the last moment due to the Covid and postponed until March 2022. Sixty-seven member states of the WTO have announced Thursday that it had found a compromise on trade in services, which aims to facilitate trade.
Although in a restricted format, this agreement is consistent in more than one way.
On the one hand, because of its scale, because it includes the three economic heavyweights - China, the European Union and the United States, which joined the group last July - and covers 90% of the world market for services.
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On the other hand by its theme: services take more and more place in world trade.
"
The WTO estimates that in 2040 they should represent a third of world trade
,
"
notes Elvire Fabry, of the Jacques-Delors Institute.
These are still little liberalized markets which have the greatest development potential.
The fact that China, where this sector
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