Strategic Focus on the Development of Service Trade in the Digital Era

2023-07-26

With the increasing integration of digital technology into various fields of economic and social development, the digital economy is becoming a key force in restructuring global factor resources, reshaping the global economic structure, and changing the global competitive landscape. In this context, countries around the world are seizing new opportunities for tradable services and promoting the rapid development of service trade. In 2022, China's total import and export of services reached nearly 6 trillion yuan, ranking second in the world for many consecutive years. Further expanding service trade, developing digital trade, and continuing to leverage the supportive role of exports in the economy have become the focus of current and future economic work. Overall, in order to promote the better development of service trade, it is necessary to clarify the following goals at several levels. One is to further expand the scale, improve the level of tradability of services, and steadily increase the proportion of the service industry in GDP and the proportion of service trade in China's trade; The second is to further optimize the structure, empower service trade with digital technology, and increase the proportion of technology intensive service trade and digital service trade; The third is to improve the management system and policy system, and improve the negative list management system for cross-border service trade; Fourthly, enhance the driving effect of service trade on economic growth, significantly enhance the position of China's services in the global value chain, and promote the deep integration of modern agriculture, advanced manufacturing, and modern service industries; Fifth, enhance its influence on global service trade governance and participate in economic and trade cooperation negotiations in all aspects and at multiple levels; Wait a minute. Faced with new situations and opportunities, we need to closely track the new trends and characteristics of world economic development, focus on high-quality economic development goals, comply with the trend of global trade service-oriented, digital, and green development, and timely adjust the strategic focus of service trade development. Expanding openness - The wide application of digital technology to adapt to the trend of Digital transformation has accelerated the restructuring of international economic and trade rules, and promoted the reform of innovation policies, industrial policies, trade policies, investment policies and many other aspects of countries. During the 14th Five Year Plan period, while continuing to deepen the flow of goods and factors, China steadily expanded institutional openness such as rules, regulations, management, and standards, and implemented high-level opening-up to the outside world. Unlike the factors that affect the development of trade in goods, the main factors that affect the development of trade in services are institutional barriers within the customs territory. It is necessary to actively adapt to the trend of Digital transformation by expanding openness, and improve the management system and policy system to promote the development of service trade. Relax market access restrictions for the service industry. Digital technology has changed the way international services are provided, and in the future, the proportion of cross-border payments will increase, while the proportion of commercial presence will decrease. However, in the absence of an open global digital market, commercial presence remains the main mode of providing services for trade. At present, market access restrictions in the service industry are still an important factor restricting the better development of China's service trade. We should continue to orderly promote the opening up of fields such as telecommunications, the Internet, education, culture, and healthcare. Improve the level of digital service trade. Digital technology makes non tradable services tradable, which is the key to better developing service trade. Among them, accelerating the establishment of a data market system with international influence and bridging the domestic and international dual circulation of data elements are important tasks. We need to accelerate pilot exploration, promote the opening up of value-added telecommunications and other service industries, and vigorously develop cross-border e-commerce. At the same time, we need to establish a data market

Edit:XiaoWanNing    Responsible editor:YingLing

Source:Econom Daily

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