June 30, 2008
News Release 08-063
Inv. No. 332-345
Contact: Peg O'Laughlin, 202-205-1819


U.S. service firms were preeminent in global services trade in 2006, reports the U.S. International Trade Commission (ITC) in its report Recent Trends in U.S. Services Trade, 2008 Annual Report.

The United States remains the world's largest services market and also the world's leading exporter and importer of services, according to the report.

The ITC, an independent, nonpartisan, factfinding federal agency, compiles the report annually. The report presents a statistical overview of U.S. trade in services and highlights the service sectors and geographic markets that contributed substantially to recent services trade performance.

This year's report focuses primarily on infrastructure services that significantly affect an entire economy. Separate chapters on specific service sectors (banking, insurance, telecommunications, logistics, and retailing) analyze issues affecting global competitive conditions in the industry, examine recent trade performance, and summarize activities intended to remove sectoral trade impediments.

The 2008 report covers trade in services from 2001 to 2006. Highlights of the report follow.

Recent Trends in U.S. Services Trade, 2008 Annual Report (Investigation No. 332-345, USITC publication 4015, June 2008) is available on the ITC's Internet site at /publications/332/pub4015.pdf. A CD-ROM of the report may be requested by e-mailing pubrequest@usitc.gov, calling 202-205-2000, or writing the Office of the Secretary, U.S. International Trade Commission, 500 E Street SW, Washington, DC 20436. Requests may also be faxed to 202-205-2104.

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