Economic integration is an important means to generate income and employment, to boost investment and to spur structural transformation toward more diversified and broad-based economic models. Services do not only satisfy domestic consumption and investment demands but are also exported and used as intermediate inputs and, through their vital impact on the productive efficiency of other sectors, services are a determining factor in a country’s  participation in international production networks. Coupled with the fact that the services sector tend to account for rather large and growing shares of output, employment, and foreign direct investment, services remain a key area in deeper regional economic integration efforts to reap sizable socio-economic benefits.