CEFTA
How are services traded?
Services can be traded through four primary modes of supply:
- Mode 1: Cross-border supply: Services delivered from one Party to another, such as telecommunications or financial services;
- Mode 2: Consumption abroad: Consumers traveling to another Party to receive a service, like tourism or education;
- Mode 3: Commercial presence: A company from one Party establishing a physical presence in another Party to provide services, such as a bank or insurance company;
- Mode 4: Presence of natural persons: Individuals from one Party providing services in another, such as consultants or engineers.