New council established to focus on world growth

The United Nations Conference on Trade and Development announced on Wednesday that it will establish a council to promote the services industry globally.

"We have opportunities here to highlight the importance of the sector," said Guillermo Valles, director of UNCTAD's Division on International Trade on Goods, Services and Commodities.

The announcement came at the Global Service Forum-Beijing Summit, which was held in conjunction with the China International Fair for Trade in Services.