explain general agreement on trade in services


This Agreement applies to measures by Members affecting trade in services. 2. For the purposes of this Agreement, trade in services is defined as the supply of 
  • What is the General agreement on Trades in services?

    The General Agreement on Trade in Services (GATS) is a treaty of the World Trade Organisation (WTO) that entered into force in 1995. All members of the WTO are parties to the GATS. The fundamental principles of the GATS apply, in principle, to all service sectors.
  • What is the importance of General Agreement on Trade in Services to a WTO member country?

    The GATS permits members in specified circumstances to introduce or maintain measures in contravention of their obligations under the Agreement, including the MFN requirement or specific commitments.
  • What is GATT and its purpose?

    What Is the General Agreement on Tariffs and Trade (GATT)? The General Agreement on Tariffs and Trade (GATT), signed in 1947 by 23 countries, is a treaty minimizing barriers to international trade by eliminating or reducing quotas, tariffs, and subsidies. It was intended to boost economic recovery after World War II.
  • Four Modes of Supply under General Agreement on Trade in Services (GATS)

    Mode 1: Cross-border Supply.Mode 2: Consumption Abroad.Mode 3: Commercial Presence.Mode 4: Presence of Natural Persons.
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