Trade in services

Trade in Services refers to the sale and delivery of an intangible product, called a service, between a producer and consumer. Trade in services takes place between a producer and consumer that are, in legal terms, based in different countries, or economies, this is called International Trade in Services.

International trade in services is defined by the Four Modes of Supply of the General Agreement on Trade in Services (GATS).

Trade In

Trade In is a 2009 comedy film in post production, directed by Jackie Lee James. The film was written by Jason Moore, Kris Sharma and Drew Grubich. The film stars Chris Mascarelli, Tiffany Shepis, and Christina Leigh.

Plot

Marty (Mascarelli), owner of the used car dealership Car Kingdom, is thrust into a sales contest against his bitter rival, Wayne Empire (Joe Jones) of Empire Cars. Desperate, Marty hires his ex-girlfriend, Gina (Leigh), as a marketing rep. Together, they work to focus Marty's misfit sales team and turn them into the top dealership in town. It is a battle of wits and bumbling whim to determine who gets to stay open, and who gets traded in.

Cast

Trade in Services Agreement

The Trade in Services Agreement (TiSA) is a proposed international trade treaty between 23 Parties, including the European Union and the United States. The agreement aims at liberalizing the worldwide trade of services such as banking, health care and transport. Criticism about the secrecy of the agreement arose after WikiLeaks released in June 2014 a classified draft of the proposal's financial services annex, dated the previous April.

Origin

The process was an initiative of the United States. It was proposed to a group of countries meeting in Geneva and called the Really Good Friends. All negotiating meetings take place in Geneva. The EU and the US are the main proponents of the agreement, and the authors of most joint changes. The participating countries started crafting the proposed agreement in February 2012 and presented initial offers at the end of 2013.

Proposed Agreement

The agreement covers about 70% of the global services economy. Some claim that the aim of TISA is the privatization of worldwide trade in services in areas such as banking, healthcare and transport. Services comprise 75% of American economic output; in EU states, almost 75% of its employment and gross domestic product.

Trade

Trade involves the transfer of the ownership of goods or services from one person or entity to another in exchange for other goods or services or for money. Possible synonyms of "trade" include "commerce" and "financial transaction". A network that allows trade is called a market.

The original form of trade, barter, saw the direct exchange of goods and services for other goods and services. Barter is trading things without the use of money. Later one side of the barter started to involve precious metals, which gained symbolic as well as practical importance. Modern traders generally negotiate through a medium of exchange, such as money. As a result, buying can be separated from selling, or earning. The invention of money (and later credit, paper money and non-physical money) greatly simplified and promoted trade. Trade between two traders is called bilateral trade, while trade between more than two traders is called multilateral trade.

Trade exists due to the specialization and division of labor, in which most people concentrate on a small aspect of production, trading for other products. Trade exists between regions because different regions may have a comparative advantage (perceived or real) in the production of some trade-able commodity, or because different regions' size may encourage mass production. As such, trade at market prices between locations can benefit both locations.

Agreement

Agreement may refer to:

See also