The WTO have announced a new agreement on the regulation of the services sector in over sixty countries. The deal ensures more transparency on regulation and certification of services companies.
This creates a significant opportunity for international trade on services, particularly in the public sector, where there is a much greater emphasis on services over goods.
Financial services firms and consultancies are expected to benefit, as the new agreement will significantly reduce costs, but will also allow companies within these countries to open data about their capabilities to press for and, potentially, win new business around the world.
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