GATS – General Agreement on Trade in Services

General Agreement on Trade in Services (GATS) is a multilateral trade agreement under the World Trade Organization (WTO) that governs international trade in services. GATS was established as a part of the Uruguay Round of negotiations in 1994 and came into effect in 1995. Here are some key points to understand about GATS:

1. Scope: GATS covers a wide range of services, including but not limited to telecommunications, finance, tourism, education, healthcare, and professional services. It applies to services provided both by the public sector (government) and the private sector (commercial entities).

2. Principles: GATS is based on principles of non-discrimination, transparency, and progressive liberalization. It promotes fair and open trade in services by encouraging member countries _________ _____ _____ _______ ____ ____ __________.
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