In recent years service exports have been increasing at an unprecedented rate, which is over 20 percent or the world trade. Still, no coherent system of rules, principle, and procedures exist to govern trade in services. Which of the following best summarizes the argument?

A Regulatory systems lag behind reality

B A regulatory system ought to reflect the importance of service exports

C world trade has accentuated over 20 percent.

D Service trade legislation is in the offing.

Solution

Correct Answer: Option B

Solution

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