Services are a major part of the global economy, generating more than two-thirds of global gross domestic product (GDP), employing the most workers and supporting vital supply chains. Obstacles to global services trade, however, remain pervasive as national trade and regulatory policies in individual services sectors are often made with limited regard for economy-wide impacts.
The OECD will release the latest update to its Services Trade Restrictiveness Index on Tuesday 14 February 2023 at 11:00 CET.
The Services Trade Restrictive Index (STRI) provides annual information on regulations that affect services trade in 50 countries, which represent more than 80% of the global trade in services, as well as on 22 key services sectors. The Index offers a comprehensive and transparent overview of global trends in services trade regulations, facilitating deeper analysis of the effects of such regulations on trade in services and the wider economy. It also helps trade negotiators identify restrictions that impede trade, benchmark domestic policies relative to global best practice and is a source of regulatory transparency for businesses seeking to enter foreign markets.
The STRI database compiles up-to-date information on requirements to enter foreign markets in unprecedented detail, providing transparent and readily accessible insights into the measures that hamper services trade. The STRI is an important reference for policy makers, international services providers and a source of data for academic research on drivers and impediments to services trade.
Further information is available at: https://www.oecd.org/trade/topics/services-trade/
Working with over 100 countries, the OECD is a global policy forum that promotes policies to preserve individual liberty and improve the economic and social well-being of people around the world.