Core Insights - The "Services Trade for Development" conference held in Geneva aims to assist developing countries in leveraging service trade for growth and development, transitioning from concept to actionable framework [1] - The WTO predicts that global commercial services trade volume will grow by 4.6% by 2025, significantly outpacing goods trade growth, with digital services expected to see growth rates of 6.1% and 5.6% in 2025 and 2026 respectively [1] Group 1: Economic Impact of Service Trade - The service sector has become a core driver of economic transformation in developing countries, essential for economic diversification, productivity enhancement, and resilience [2] - In Nigeria, the service sector accounts for 58% of GDP, with strengths in finance, creative industries, and technology services [2] - In Cambodia, service trade contributes over 40% to GDP and provides nearly 40% of employment [2] Group 2: Tools and Regulatory Framework - The conference introduced two tools: the Service Trade Competitiveness Diagnostic Dashboard and the Good Regulatory Practices Handbook, aimed at helping developing economies analyze their service sectors and identify regulatory bottlenecks [3] - The complexity of regulatory measures is limiting service trade, necessitating a strengthened and simplified regulatory framework for more inclusive growth [3] - The Services Trade for Development platform serves as a toolbox, sharing best practices and policy tools to support developing countries in enhancing their service export capabilities [3]