Advances in technology are enabling significantly more services to be traded across borders, but this disruptive competition has led many countries to use protectionist policies to help “local champions” in the technology sector and protect small, incumbent service providers at the expense of global economic growth, according to a new analysis by the Information Technology and Innovation Foundation (ITIF). ITIF, a leading technology policy think tank, urges policymakers to establish a strong Trade in Services Agreement (TiSA) to update the rules governing services trade for the digital age and thereby boost global productivity and innovation.
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