The figure reveals that EU services such as the ICT sector and the financial and insurance sector have moved from a position of comparative disadvantage to one of comparative advantage. [...] 7 This indicator computes the value-added that originates within the EU services or good sector and that is later consumed outside the EU by consumers and firms independently on whether the product is exported as a service or as a good. [...] The EU has achieved a consistent and growing value-added trade surplus in ICT since the turn of the century. [...] Figure 8 illustrates the rising contribution of both EU and foreign value-added from ICT services to the EU’s total exports of goods and services. [...] (2023a) The Art of the Mini-Deals: The Invisible Part of EU Trade Policy.
Related Organizations
- Pages
- 13
- Published in
- Belgium
Table of Contents
- By Head of Global Regulatory Cooperation and Public Procurement Negotiations DG Trade Professor of Applied Economics at the University of Castilla-La Mancha Spain and Senior Economist at ECIPE. 1
- 1. INTRODUCTION 2
- 2. EUROPES CHANGING COMPARATIVE ADVANTAGE 3
- 3. A CASE STUDY OF EUS CHANGING COMPARATIVE ADVANTAGE ICT 6
- 4. POLICY RECOMMENDATIONS TO SUPPORT EU TRADE IN SERVICES 10
- REFERENCES 12
