Definition: International Trade in Services

International trade in services

International Trade in Services (ITS) contains exports and imports of goods and services and refer to those registered in the Balance of Payments Statistics. Trade in Services between affiliated companies are not registered in Balance of Payments Statistics.
Source:
Eurostat, EU International Trade in Services in 2003, Statistics in Focus, Economy and Finance, 17/2005, Office for Official Publications of the European Communities, Luxembourg
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