Telecommunications serve as a key driver of cross-border trade and economic integration for
the APEC region. Advances in telecommunications infrastructure have allowed member economies to engage more efficiently and more widely in trade in goods as well as trade in services. Maintaining effective services trade in particular is a critical component of economic
activity among member economies, as evidenced by the importance of services to GDP in Figure
2. In Hong Kong, China, services value added represents approximately 93 percent of all
economic activity. On average, services value added represents around 60 percent of all
economic activity in the APEC region. Given how central the services sector is to these
economies, and how essential telecommunications has been in enabling cross-border trade in
services, any viable strategy to eliminate supply chain chokepoints and facilitate cross-border
trade must therefore include efforts to maintain and/or improve the telecommunications
infrastructure.
Telecommunications serve as a key driver of cross-border trade and economic integration forthe APEC region. Advances in telecommunications infrastructure have allowed member economies to engage more efficiently and more widely in trade in goods as well as trade in services. Maintaining effective services trade in particular is a critical component of economicactivity among member economies, as evidenced by the importance of services to GDP in Figure2. In Hong Kong, China, services value added represents approximately 93 percent of alleconomic activity. On average, services value added represents around 60 percent of alleconomic activity in the APEC region. Given how central the services sector is to theseeconomies, and how essential telecommunications has been in enabling cross-border trade inservices, any viable strategy to eliminate supply chain chokepoints and facilitate cross-bordertrade must therefore include efforts to maintain and/or improve the telecommunicationsinfrastructure.
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