1945

General agreement on trade in services

Trade in services is growing and currently accounts for over 20% of all international trade. The General Agreement on Trade in Services (GATS),which was negotiated in the Uruguay Round, applies the basic rules for trade in goods to trade in services. However, the rules have been suitably modified to take into account the differences between goods and services and the four modes in which international trade in services takes place.

Related Subject(s): International Trade and Finance
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