Electronic Data Interchange
Electronic Data Interchange: see EDI. Embodied services: services embodied in a physical product, such as the intellectual component of computer software sold in the form of floppy disks or CD-ROMs. Some say that the estimated share of services in global trade statistics would double if embodied services were included in service trade statistics. This proposition may well be true, but a demonstration of it could only be achieved with great additional reporting burdens. Reporting embodied services separately would mean, for example, that iron ore exports would consist at least of a commodity component and services components involving at least prospecting, transport, marketing and management. It of course makes sense for a manufacturing firm to know what the services components of its products are worth, but it cannot sell its products separately from these. The customer therefore is charged a single unit price. See also trade in services statistics.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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