Faster Integration Of Services Markets Could Lead To Huge Benefits,Says World Bank.

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M2 PRESSWIRE-1 February 2008-WORLD BANK GROUP: Faster Integration Of Services Markets Could Lead To Huge Benefits,Says World Bank(C)1994-2008 M2 COMMUNICATIONS LTD

RDATE:31012008

GENEVA -- Liberalization of services trade could produce large benefits for developed and developing countries alike, says the Handbook of International Trade in Services[1], produced by the World Bank.

The Handbook highlights the potential gains from the reform of trade in communications, finance, transport and business services, estimated to be more than five times larger than those from a comparable liberalization of trade in goods.

With agriculture and manufacturing center stage in the WTO negotiations, there is a risk that the critical area of...