Trade in services mainly includes the following items:
1.Tourism services, 2.Transportation services, 3.Financial services, 4.Telecommunication and information technology services, 5.Education and training services, 6.Consulting and professional services, 7.Recreational and cultural services, 8.Health and medical services.
1. Tourism Services
Tourism services is one of the most important items in services trade. It includes international tourism, inbound tourism and outbound tourism. International tourism services involve the reception, accommodation, catering, transportation, and guide services for international tourists. Inbound tourism services refer to the services required by foreign tourists when they come to visit a country. Outbound tourism services, on the other hand, refer to the services required by national tourists when they come to visit other countries.
2. Transportation Services
Transportation services refer to international cargo and passenger transportation services. It includes sea transportation, air transportation, railroad transportation and road transportation. Maritime transportation services refers to international maritime cargo transportation services, including container transportation, bulk cargo transportation and so on. Air transport services refer to international air transport services for passengers and goods. Railroad transportation services refer to international railroad transportation services of goods and passengers. Road transportation services refer to international road transportation services of goods and passengers.
3. Financial Services
Financial services refer to services such as international financial transactions and financial consulting. It includes banking services, securities services, insurance services, foreign exchange transactions and so on. Banking services refers to international loans, deposits, payment and settlement services. Securities service refers to international securities trading, securities custody and other services. Insurance services refer to services such as signing of international insurance contracts and settlement of claims. Foreign exchange transactions refer to services such as international currency exchange and foreign exchange market transactions.
4. Telecommunications and Information Technology Services
Telecommunications and information technology services refer to services such as the provision and use of international telecommunications and information technology. It includes services such as international telephony, Internet, data transmission, software development, and information system integration. International telephone service refers to international long-distance telephone communication services. Internet service refers to services such as international Internet access, website hosting and so on.
Data transmission services refer to services such as international data transmission and storage. Software development services are services such as international software development and customization. Information system integration services refer to services such as design, construction and maintenance of international information systems.
5. Education and Training Services
Education and training services refer to services such as international education and training. It includes study-abroad services for international students, cooperative programs of international educational institutions, and so on. Study abroad services for international students are services where foreign students come to a country to receive education. Cooperation programs of international educational institutions refer to cooperation programs between international educational institutions, including academic exchanges, teacher training and so on.
6. Consulting and Professional Services
Consulting and professional services refers to international consulting and professional services, etc. It includes management consulting, legal consulting, accounting consulting, engineering consulting and other services. Management consulting refers to services such as international business management consulting. Legal consulting refers to services such as international legal affairs consulting. Accounting consulting refers to international accounting consulting and other services. Engineering consulting refers to services such as international engineering project consulting.
7. Entertainment and Cultural Services
Entertainment and cultural services refer to services such as international entertainment and cultural activities. It includes services such as international performing arts, sports events, and cultural exhibitions. International performing arts refers to international concerts, concerts, theater and other performance activities. Sports events refer to international sports competitions, tournaments and other activities. Cultural exhibitions refer to activities such as international art exhibitions and museum exhibitions.
8. Health and Medical Services
Health and medical services refer to international health and medical services. It includes services such as international medical tourism, medical counseling, and medical equipment. International medical tourism refers to foreign patients traveling to other countries to receive medical services. Medical consulting refers to services such as international medical consulting and healthcare. Medical equipment refers to services such as the sale and maintenance of international medical equipment.