GATS 

GATS (General Agreement on Trade in Services)

GATS, the General Agreement on Trade in Services, is a multilateral agreement under the World Trade Organization (WTO) that governs international trade in services. It was established in 1995 as a result of the Uruguay Round of multilateral trade negotiations and came into force along with the WTO on January 1, 1995. GATS aims to create a fair and transparent framework for trade in services among WTO member countries. This article provides an overview of GATS, its objectives, key features, and its significance in the global economy.

1. Objectives of GATS:

The primary objectives of the General Agreement on Trade in Services are as follows:

1.1 Liberalization: GATS aims to promote the progressive liberalization of trade in services by reducing barriers and restrictions on the cross-border supply of services.

1.2 Non-Discrimination: GATS seeks to ensure that WTO member countries treat foreign service providers no less favorably than domestic service providers (Most-Favored-Nation principle) and that _________ _______ _____ ____ ______.
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