| ID | 127583 |
| Title Proper | Azerbaijan's accession to the WTO |
| Other Title Information | its proposals on the service sphere are more liberal thean the commitments of WTO members |
| Language | ENG |
| Author | Muradov, Adalat |
| Publication | 2012. |
| Summary / Abstract (Note) | The service sector is developing dynamically in the world and its share in GDP is growing from year to year. According to the IMF, the share of services in world GDP amounts to 63.2%, whereby the U.S. accounts for 80% and the EU for more than 70% of world GDP. World practice also shows that the share of added value in the service sphere is much higher than in industry and agriculture.
The total volume of exported services is also increasing at a rapid rate. For example, the volume of exported services in world trade increased from $155 billion in 1975 to $2.5 trillion in 2005, i.e., it has risen more than 15-fold in thirty years. |
| `In' analytical Note | Central Asia and the Caucasus Vol. 13, No.1; 2012: p.130-136 |
| Journal Source | Central Asia and the Caucasus Vol. 13, No.1; 2012: p.130-136 |
| Key Words | Azerbaijan ; WTO ; Service Market ; GDP |