Why Services Trade is So Important to the U.S. Economy: An Overview

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Date: Monday, April 25, 2016 -12:00pm to 1:30pm

Location: Rayburn House Office Building – B-318, Washington, DC 20515

 The service sector is the vital core of the U.S. economy, accounting for roughly 70 percent of U.S. GDP and 8 out of every 10 U.S. jobs, yet services account for only 30 percent of U.S. trade. The expert panel provided an overview of trade in services and explained why trade is so important to secure the untapped potential of services to produce U.S. and global economic growth through exports, investment, and digital trade.   

The program included:

  • Introduction: J. Robert Vastine, Senior Industry Fellow, Georgetown Center for Business and Public Policy
  • Panelist Remarks:
    • Christine Bliss, President of the Coalition of Services Industries and former Assistant U.S. Trade Representative for Services and Investment (Remarks begin at 29:11 (new window))
    • J. Bradford Jensen, McCrane/Shaker Chair in International Business, McDonough School of Business, Georgetown University (Remarks begin at 3:02 (new window))
  • Discussion and audience Q+A (Discussion begins at 59:20 (new window))

Event File: 

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Policy Event Summary – Why Services Trade is So Important to the U.S. Economy – April 25.pdf