General Agreement On Trade In Services Logo

The general agreement on trade in services gats saravanan a phd candidate rgsoipl 2.

General agreement on trade in services logo. It is important to note that gats is the only body of multilateral rules which embodies international trade in services. General agreement on trade in services. It also set in motion a process for the progressive removal of restrictions on international services. The general agreement on trade in services was put together at the time of the uruguay round of the gatt.

The general agreement on trade in services gats is a treaty of the world trade organization wto which entered into force in january 1995 as a result of the uruguay round negotiations. Images content and published articles are for reference and illustrative purposes only. This trade topics page will take you to information available on the wto website on issues handled by the wto s councils and committees and its trade agreements wto services. Each member is required to.

Page 285 general agreement on trade in services members recognizing the growing importance of trade in services for the growth and development of the world economy. The general agreement on trade in services gats is the first multilateral agreement covering trade in services. The treaty was created to extend the multilateral trading system to service sector in the same way the general agreement on tariffs and trade gatt provides such a system for merchandise trade. The gats provides a framework of rules governing services trade establishes a mechanism for.

Measures of general application that affect operation of the agreement. The general agreement on trade in services of the world trade organization wto commonly known as the gats established a multilateral framework of rules and principles for trade in services a large and fast growing segment of world trade. During its first 10 years of operation the gats has. General agreement on trade in services gats part 1.

Members must also notify the council for trade in services of new or changed laws regulations or administrative guidelines that affect trade in services covered by their specific commitments under the agreement. It was negotiated during the last round of multilateral trade negotiations called the uruguay round and came into force in 1995. The gats agreement covers all services there are 161 tradable services under gats financial services banking insurance etc education telecommunications maritime transport etc. Wishing to establish a multilateral framework of principles and rules for trade in services with a view to the expansion of such trade under conditions of transparency and progressive liberalization.

Introduction the uruguay round of trade talks 1986 1994 created the general agreement on trade in services gats or the agreement bringing services trade within the multilateral framework of international trade law for the first time.