It is imperative that the United States act now to frame new rules of the road for digital trade so that American companies and workers can seize the opportunities presented by the digital revolution.
Since 2019, patients in the UK have been able to book GP appointments through the myGP app, which now has more than two million users. The company behind myGP, iPlato Healthcare, entered America’s much larger healthcare market seven years ago, but its US operations have struggled to grow, and account for less than 2 per cent of its overall revenue. The reason for this is that
Services trade restrictions increased in 2020, compounding COVID-19 economic shock
09/02/2021 - The global regulatory environment for services trade became more restrictive in 2020, with new barriers compounding the shock of the COVID-19 pandemic on exporters, according to a new OECD report.
OECD Services Trade Restrictiveness Index (STRI): Policy trends up to 2021 shows an increasing pace in the erection of new barriers to services trade across all major sectors. New restrictions are affecting services traded through a range of commercial establishments, in sectors including computer services, commercial banking and broadcasting. Global services trade fell by 24% in the third quarter of 2020 compared to a year ago, a small uptick from the 30% year-on-year decline registered in the second quarter.
Brazil continues to impose relatively high restrictions on trade in services, but it has made progress and was the country that most reformed in 2020 in this segment among the economies examined, says the Organization for Economic Cooperation and Development (OECD).