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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. 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 ...
Andrey Kushnirenko, Deputy Head of the Economic Development Department of the CIS Executive Committee, stated in 2021 that the Agreement would provide for the liberalization of trade in services as much as possible today and would determine the procedure for CIS companies to operate in the markets of other CIS countries and investment protection, as well as establish dispute settlement procedures.
International trade in services is defined by the Four Modes of Supply of the General Agreement on Trade in Services (GATS). (Mode 1) Cross-Border Trade – which is defined as delivery of a service from the territory of one country into the territory of other country, e.g. remotely providing accounting services in one country for a company based in another country, or an airline flying ...
The heads of the World Bank and the World Trade Organization on Monday called for countries to boost efforts to make trade in global services more transparent and predictable, saying this could ...
The WP determines the terms and conditions of entry into the WTO for the applicant nation, and may consider transitional periods to allow countries some leeway in complying with the WTO rules. [ 3 ] The final phase of accession involves bilateral negotiations between the applicant nation and other Working Party members regarding the concessions ...
Trade in services statistics are economic statistics which detail international trade in services.They received a great deal of focus at the advent of services negotiations which took place under the Uruguay Round, which became part of the General Agreement on Trade in Services, one of the four principal pillars of the World Trade Organization (WTO) trade treaty, also called the "WTO Agreement".
The Trade in Services Agreement (TiSA) was a proposed international trade treaty between 23 Parties, including the European Union, United Kingdom and the United States. The agreement aimed at liberalizing the worldwide trade of services such as banking , healthcare , and transport . [ 1 ]
Foreign affiliate trade statistics (FATS), also known as transnational corporation (TNC) data details the economic operations of foreign direct investment-based enterprises. Collection of such information, and aggregation at the national level, can provide economists and policymakers with insight as to the relationship that transnational ...
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