GATS: Promotion And Liberalization Of International Trade.
Service trade is the largest and fastest-growing sector of the international trading activates now. According to WTO document, service trade provides more than 60% of the global output and employment. More and more WTO members realized the importance of the international service trade, and in 1995 the General Agreement on Trade in Services (GATS) was established by WTO members in the Uruguay Round negotiations.
Overview of the GATS.
The GATS is one of the most comprehensive agreements of the WTO (Richard Sanders, 2001). GATS contains several levels of obligations. First, the…
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