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.
- 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 _________ ______ ______ _____ ______ _________ _______ _____ _____ _____.
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