Wto General Agreement On Trade In Services (Gats)

The World Trade Organization (WTO) General Trade in Services Agreement, commonly known as GATS, has created a multilateral framework of rules and principles for trade in services, a large and rapidly growing segment of world trade. It has also launched a process of phasing out restrictions on international trade in services. either at the time of this agreement`s entry into force or on the basis of a reasonable period of time, except for the measures until they are authorized in accordance with Articles XI, XII, XIV and XIV. OECD countries have taken the initiative to include services in Uruguay`s cycle. Given the growing importance of trade in services in global economic relations, it became clear that a rules-based framework was involved, in particular, by the most advanced non-members of the OECD. Now that this goal has been achieved, this document aims to provide a detailed description of the new global rules on trade in services. 2. A member who is a party to an agreement or agreement of the type covered in paragraph 1, whether existing or future agreements, offers other interested members the appropriate opportunity to negotiate their accession to such an agreement or agreement or to negotiate similar agreements with it. When a member grants recognition independently, it allows any other member to demonstrate that the achievements of teaching, experience, licensing or certification or certification in that territory of the other Member States should be recognised. The GATS provided for successive rounds of contracts for services no later than five years after the agreement came into force, and a new round of services negotiations was officially launched in Geneva in February 2000. Six GATS negotiations were held in 2000, during which WTO members addressed issues ranging from improved service classifications and greater transparency, mandatory revisions to the Air Services Annex, and exemptions for the most treating nations. In certain circumstances, the GATS allows the governments of WTO member states to restrict trade in services in areas where the member has made specific commitments.

For example, when a member government is experiencing serious balance-of-payments difficulties (or is threatened by such difficulties), it may apply emergency guarantees to limit trade in services as long as these guarantees are not discriminatory, temporary and expire when the situation improves. Negotiations are underway within the GATS committee to develop an approved emergency safety mechanism for services. Taking into account in particular the serious difficulties faced by the least developed countries because of their particular economic situation and development, their commercial and financial needs; 1. Articles II, XVI and XVII do not apply to laws, rules or requirements relating to the purchase of services purchased for public purposes by the government and do not apply to commercial resale or the provision of commercial sales services. The creation of the GATS was one of the key principles of the Uruguay Round, the results of which came into force in January 1995. The GATS was essentially inspired by the same objectives as its merchandise trade counterpart, the General Agreement on Tariffs and Trade (GATT): the creation of a credible and reliable system of international trade rules; Ensure fair and equitable treatment of all participants (principle of non-discrimination); boosting economic activity through guaranteed political ties; Promoting trade and development through gradual liberalization.