15/06/2016
Trade in Services Training Program for Least Developed Countries (LDCs), 6 - 10 June 2016, Nadi, Fiji
The University of Adelaide organised a one week Trade in Services Training Program for Least Developed Countries (LDCs), held in Natadola Bay, Fiji from 6 to 10 June 2016. There were a number 25 participants in the pacific by which 10 are from Vanuatu.
The University of Adelaide Executive Director, Keith Wilson with his opening statement raise that this was the first time, the University organise this workshop with a number of participants from each countries. Professor Shandre Thangavelu was the main presenter during this training, he is an active researcher on human capital development, technology transfer, foreign direct investment, trade, government infrastructure investment, productivity and economic growth.
The participants had builded their capacities in understanding the importance of trade in services and how the world is moving towards trade in service developments. Trade in Service is important for developing & Least Developing Countries (LDC) economic growth. Participants go through the four mode of supply that measure services as listed below:
Mode 1: Cross border supply – Service are delivered from one country to another by emails or telephone line calls.
Mode 2: Consumption abroad – Services delivered to consumers from another country, eg, Tourism, education, healthcare etc.
Mode 3: Commercial presence – Services delivered by a service provider through commercial presence in another country – FDI
Mode 4: Movement of natural persons – Services delivered by movement of a service provider as natural person.
There is certainty that liberalisation matters in our world today for an economic to growth. Case studies have shown that liberalization in the services sector creates significant linkages within the domestic economy and also in supporting the manufacturing sector in the regional and global production supply- chain and the services sector itself, as well as agriculture. Size does not matter for an economic to grow, not only economic space increase but social space needs to increase for the welfare growth in our economy. A country needs policy reform, institution strategy, regulations to support competition and open up economy to grow and capture the growth. Government are in need to support workers to increase productivity, higher levels of investment in education, including through reform and foreign participation are important.
It is important for countries to contact case study to see how the value chain of services works in other countries, see the examples of other countries, learn from their mistakes and develop the right policies and strategies for our country. Regionalism is about creating linkages in the pacific islands, production networks, no more individual, countries linkages and connectivity is important for an economy to grow. Therefore Regional Trade Agreements are important for pacific island countries, liberalizing trade and connect to this supply- chain activities for the development in our economy.