The four modes of services have been a fixture of trade negotiations and research, ever since their conception during the Uruguay round. Since then, the developments of servification, trade in value-added, and technology have changed how services are actually traded, and blurred the line between services and goods.
Lucian Cernat, the chief economist at DG Trade, will present his forthcoming paper (co-authored with Zornitsa Kutlina Dimitrova) – "Thinking in a Box: A "Mode 5" Approach to Service Trade" – explaining the new concept of mode 5, which could capture up to 30% of EU goods trade.
- What is mode 5 in services – and how it is defined, and traded?
- Should mode 5 lead to a rethink on policy, negotiations, and trade rules?
- What is the impact on trade facilitation, customs valuation, rules of origin?
ECIPE invites you to join the debate that may redefine services as you know it.