In this era of opening up of economies world wide and the term global village converting to a reality, the new trade order offers plethora of opportunities for professional service providers. Accounting being core to the domain of any business activity as a natural corollary has become an important player in the emerging developments. The GATS trade regime under WTO has made a provisioning for distribution channels in terms of rendering of services and each of the mode offers a distinct potential to the service provider. The current situation calls for an understanding of the markets wherein the service providers are exploring to make a niche segment. It is imperative that one needs to understand the local requirements and other domestic restrictions in place so that they themselves do not act as a restraint to execution of service contracts. |