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World Trade Organizations/SC/149 5 November 2012(126085)Trade in Servicesrussian federationSchedule of Specific Commitments(This is authentic in English only) Modes of supply:(1) Cross border supply
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To fill out the definition of services trade, follow these steps:
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- Start by providing a clear and concise description of the service being traded.
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Services trade refers to the exchange of services between countries, encompassing a wide variety of activities such as transportation, finance, telecommunications, and education, rather than the exchange of goods.
Entities involved in cross-border trade of services, including businesses, professionals, and organizations, are typically required to file a definition of services trade.
To fill out a definition of services trade, individuals or entities should follow specific guidelines provided by relevant authorities, ensuring all pertinent details about the nature of the services, the parties involved, and the value of the trade are accurately reported.
The purpose of defining services trade is to accurately capture and analyze the flow of services across borders, informing economic policy, trade negotiations, and statistical reporting.
The information reported must include details about the service provided, the service provider and recipient, the monetary value of the transaction, and any other relevant terms and conditions.
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