Services Trade Instrumental for Trade Recovery
In: Asia-Pacific Trade and Investment Report 2011: Post-crisis trade and investment opportunities
Commercial services exports are slowly returning to their pre-crisis level, with global exports climbing by 8.3% from $3.4 trillion in 2009 to $3.7 trillion in 2010. Asia, and the Pacific, in particular developing Asia, is again leading the recovery, with a growth rate of more than 20% in 2010. This strong rise came after a slump in commercial services exports by almost 12% in 2009.
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