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Cross-border trade in services: The old enabler or new channel of illicit finance?

Cross-border trade in services has been a smaller, often neglected, brother of the international trade in goods. Yet, while the trade in goods has been severely affected by the recent episodes of COVID-induced global value chain disruptions and is under constant threat from potential tariff wars, the global trade in services is showing of a speedy recovery to pre-pandemic growth trend.

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