POLICY BRIEF – No. 16/2024 - What Mode of Supply Will Matter the Most for the

The Coimbra University in Portugal, one of the oldest in Europe, became the source of knowledge not only in the Iberian Peninsula but for the whole world. [...] S ERVICES TRADE IN THE 21ST CENTURY: A TALE OF FIVE MODES With the adoption of the General Agreement on Trade in Services (GATS) at the WTO, combined with a myriad of free trade agreements (FTAs) containing services provisions, global trade in services is nowadays governed by a comprehensive set of trade rules affecting the nature and the modalities in which companies engage in trade in services a. [...] Taking the share of embedded services from the TiVA database and applying to the value goods trade allows us to estimate the value of mode 5 services exports for all the individual countries contained in the TiVA database. [...] Interestingly, mode 5 services are the second most important mode of supply and represents almost a third of the total value of global trade in service. [...] Are mode 3 services the dominant mode of supply for all countries in the world? The TISMOS and TIVA databases offer the possibility to analyse the relative importance of all five modes of supply at detailed country level.