For a long time, manufacturing and international trade have been the main contributors to economic growth for the three countries of North-east Asia. However, contrary to their trade surplus in goods, they are all countries who face trade deficit in services. Also, despite its importance in the economy, the services trade of the three Northeast Asia countries seems to contribute less to their economy compared to other developed countries. Given the prevalence of global value chains, the services sector plays an increasingly important role in international trade. Some unnecessary impediments of services trade must be considered carefully to be removed, while it is clear that many other regulations have their own legitimate objectives. This is why establishing a cooperation mechanism to streamline the regulations across countries is important. The three countries may utilize the existing Pan-Yellow Sea Rim Economy and Technology Exchange Meeting as a government-industry-academia cooperation dialogue channel.