Tag: service market

Services present a unique picture from agriculture and industrial tariffs from India’s point of view. As an emerging global power in IT and business services, the country is, in fact, a demander within the WTO talks on services because it seeks more liberal commitments on the a part of its trading partners for cross-border supply of services, including the movement of ‘natural persons’ (human beings) to developed countries, or what's termed as Mode 4 for the provision of services. With reference to Mode 2, which needs consumption of services abroad, India has an offensive interest. In sharp contrast, the interest of the EU and also the US is more in Mode 3 of supply, which needs the establishment of an advertisement presence in developing countries. Accordingly, requests for more libera...