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What is Trade in Services?

Trading ServicesA service is exported when a local service buy ambien from us pharmacy provider is being paid by a foreign consumer no matter where the service is actually provided.

The World Trade Organization’s (WTO) General Agreement on Trade in Services (GATS) notes four ways of trading services:

Mode 1 – Cross-Border Trade: where the trade takes place from one country into the other, however, only the service itself crosses the border, and not the service provider or consumer.

Mode 2 – Consumption Abroad: where the consumer travels to the country where the service is supplied for consumption.

Mode 3 – Commercial Presence: where the supplier establishes a commercial presence abroad.

Mode 4 – Movement of Natural Persons: where the service provider travels to another country, on a temporary basis, to provide a service.