Gats in International Trade
Meaning of Gats, according to the Dictionary of International Trade (Global Negotiator): The General Agreement on Trade Services is a World Trade Organization agreement that is the first multilateral agreement provide legally enforceable rules covering all international trade services and investment in the service sector. Attached to the framework agreement are annexes dealing with rules for specific sectors (movement of natural persons, air transport, financial services, telecommunications, etc.). The agreement also provides for exceptions to the principles of national treatment and most-favoured nation treatment. See GATT General Agreement on Tariffs and Trade. Website.
The General Agreement on Trade in Services, abbreviated as GATS, is a treaty of the World Trade Organization (WTO) that entered into force in 1995 following the Uruguay Round negotiations. It was created to include services in the multilateral trading system. Ranging from architecture to voice-mail telecommunications, services today form the largest and most dynamic component of developed and developing countries’ economies (accounting for more than 60 % of global production and employment, although no more than 20 % of total trade)
The GATS applies in principle to all service sectors, with two exceptions:
services supplied in the exercise of governmental authority (examples include social security schemes and any other public service, such as health or education, provided at non-market conditions);
services related to air traffic rights.
World Trade Organization – The General Agreement on Trade in Services (GATS): objectives, coverage and disciplines
World Trade Organization (WTO)
Hierarchical Display of GATS
Trade > International trade > Trade relations > Trade agreement
Trade > Tariff policy > Tariff policy > Tariff negotiations > Uruguay Round
International Organisations > World organisations > World organisation > World Trade Organisation
Trade > Marketing > Commercial transaction > Provision of services
Concept of GATS
See the dictionary definition of GATS.
Characteristics of GATS
Translation of GATS
Thesaurus of GATS
Trade > International trade > Trade relations > Trade agreement > GATS
Trade > Tariff policy > Tariff policy > Tariff negotiations > Uruguay Round > GATS
International Organisations > World organisations > World organisation > World Trade Organisation > GATS
Trade > Marketing > Commercial transaction > Provision of services > GATS
- General Agreement on Trade in Services