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Services Trade Instrumental for Trade Recovery

In: Asia-Pacific Trade and Investment Report 2011: Post-crisis trade and investment opportunities

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  • United Nations ESCAP

    (United Nations Economic and Social Commission for Asia and the Pacific (ESCAP))

Abstract

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.

Suggested Citation

  • United Nations ESCAP, 2011. "Services Trade Instrumental for Trade Recovery," STUDIES IN TRADE AND INVESTMENT,in: Asia-Pacific Trade and Investment Report 2011: Post-crisis trade and investment opportunities, chapter 2, pages 19-30 United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
  • Handle: RePEc:unt:ecchap:aptir2596_chap2
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    More about this item

    Keywords

    Services; Trade; Trade; recovery; export; import; Asia; Pacific; international; tourism; computer; information; intraregional;

    JEL classification:

    • F1 - International Economics - - Trade

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