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Global Services Trade and Supply Chain Development

Global Services Trade and Supply Chain Development

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Global Services Trade and Supply Chain Development

by Daisy Mae D.
12/23/2025
in Global Trade, Trade Policies

Supply Chain Report – Global trade leaders, policymakers, and industry stakeholders will gather in Geneva this December to discuss how services trade can drive economic growth and strengthen global supply chains, particularly in developing economies. The Trade in Services for Development Conference, jointly organized by the World Trade Organization (WTO) Secretariat and the World Bank, will take place on 3–4 December at the WTO headquarters, with registration closing on 28 November 2025.

The conference comes at a critical time for global supply chains, as services such as logistics, finance, digital infrastructure, professional consulting, and regulatory support increasingly underpin the movement of goods and cross-border trade flows. While manufacturing and goods trade often dominate discussions on supply chains, services play a vital—yet sometimes overlooked—role in enabling trade efficiency, resilience, and competitiveness.

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Strengthening Supply Chains Through Services Trade

The primary focus of the conference is to explore how developing economies can better leverage services trade to support economic development and deeper participation in global value chains. Services such as transportation, warehousing, customs brokerage, financial services, information technology, and compliance-related functions are essential components of modern supply chains. Improving access to and regulation of these services can significantly reduce trade costs and improve cross-border connectivity.

During the conference, the WTO and World Bank will introduce new capacity-building tools designed to help governments and businesses better understand and improve services trade performance. Among these tools is the Trade in Services Competitiveness Dashboard, which provides data-driven insights into how countries perform across key services sectors. In addition, a new handbook titled Good Regulatory Practices to Facilitate Trade in Services will offer practical guidance on creating regulatory environments that support efficient and transparent services trade.

High-Level Engagement From Global Trade Leaders

The event will feature opening remarks from WTO Director-General Ngozi Okonjo-Iweala, underscoring the importance of services trade as a driver of inclusive growth and supply chain resilience. A high-level opening session will also include World Bank Group Vice President Pablo Saavedra, alongside senior government officials and representatives from the private sector.

These discussions are expected to highlight how policy coordination, regulatory reform, and investment in services infrastructure can help economies adapt to shifting global trade dynamics. For supply chain stakeholders, such reforms can lead to improved logistics performance, faster customs clearance, better access to trade finance, and more reliable cross-border service delivery.

Supporting Developing Economies and Emerging Markets

A key objective of the conference is to increase the participation of developing economies in services trade. Many emerging markets face structural barriers that limit their ability to benefit fully from services-driven trade growth, including regulatory fragmentation, skills gaps, and limited digital infrastructure.

By sharing best practices and policy experiences, the conference aims to help governments design frameworks that enable domestic service providers to integrate into global supply chains. This includes enhancing competitiveness in sectors such as transport services, digital trade platforms, business process outsourcing, and trade-related professional services.

The conference also builds on the joint “Trade in Services for Development” initiative launched by the WTO and the World Bank in September 2024. This initiative reflects a broader effort to align trade policy, development strategies, and private-sector engagement to ensure that services trade contributes meaningfully to economic resilience and sustainable growth.

Knowledge Sharing and Collaboration Across Stakeholders

In addition to sessions led by the WTO and World Bank, the conference programme includes discussions organized by other international organizations and WTO members. These sessions will address emerging trends in services trade, regulatory cooperation, and the role of services in supporting supply chain diversification and risk management.

Participants will include government officials, representatives from international institutions, private-sector leaders, and other stakeholders involved in global trade and supply chain operations. The diverse participation is expected to foster cross-sector dialogue and encourage collaboration between policymakers and industry players.

Implications for Global Supply Chains

As global supply chains continue to evolve amid geopolitical uncertainty, digital transformation, and shifting trade patterns, the role of services is becoming increasingly strategic. Efficient services trade can help reduce bottlenecks, improve transparency, and support the smooth flow of goods across borders.

The Trade in Services for Development Conference underscores the growing recognition that strong services ecosystems are essential to resilient and inclusive global supply chains. Insights and outcomes from the event are likely to influence future trade policies and development strategies, particularly for economies seeking to strengthen their position in international trade networks.

#ServicesTrade #GlobalTrade #SupplyChains #TradePolicy #EconomicDevelopment

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© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.