July 12, 2012
News Release 12-077
Inv. No. 332-345
Contact: Peg O'laughlin, 202-205-1819

U.S. SERVICE PROVIDERS REMAIN COMPETITIVE GLOBAL SERVICES MARKET, REPORTS USITC

U.S. Services Exports Grew by 9 percent from 2009-2010

The United States remained the world's largest services market and the world's leading exporter and importer of services in 2010, reports the U.S. International Trade Commission (USITC) in its publication Recent Trends in U.S. Services Trade, 2012 Annual Report.

The USITC, an independent, nonpartisan, factfinding federal agency, compiles the report annually. Each year's report presents an overview of U.S. trade in services and highlights some of the service sectors and geographic markets that contributed substantially to recent services trade performance.

This year's report focuses on infrastructure services, such as banking and telecommunications, which are essential to a country's overall economic growth and development and are used by every firm regardless of economic sector. The report also includes separate chapters on specific industries (banking, insurance, logistics, retail, securities, and telecommunications). These chapters analyze global competitive conditions in the industry, examine recent trade performance, discuss non-tariff measures that affect trade, and summarize the industry's outlook.

The 2012 report covers cross-border trade in services through 2010 and affiliate sales through 2009. Highlights of the report follow.

Recent Trends in U.S. Services Trade, 2012 Annual Report (Investigation No. 332-345, USITC publication 4338, July 2012) is available on the USITC's Internet site at http://www.usitc.gov/publications/332/pub4338.pdf.

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