The Services Sector Opens Up

Procurement / By / October 12, 2021 / 1 minute of reading

The Services Sector Opens Up

October 12, 2021
Procurement

The WTO have announced a new agreement on the regulation of the services sector in over sixty countries. The deal ensures more transparency on regulation and certification of services companies.

This creates a significant opportunity for international trade on services, particularly in the public sector, where there is a much greater emphasis on services over goods.

Financial services firms and consultancies are expected to benefit, as the new agreement will significantly reduce costs, but will also allow companies within these countries to open data about their capabilities to press for and, potentially, win new business around the world.

Spend Network are global experts in government procurement data.Get in touch to discuss our data, research or consulting capability.

 

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