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GATS

 

General Agreement on Trade in Services

The Uruguay Round of GATT negotiations included a legally distinct series of negotiations to bring the services sector of the global economy under GATT disciplines and dispute settlement procedures, despite substantial initial resistance from less-developed countries. The successful accord or GATS is now under the umbrella of the World Trade Organization (WTO), which succeeds GATT as the core of the multilateral trade regime.

— Geoffrey R. D. Underhill

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Political Dictionary. The Concise Oxford Dictionary of Politics. Copyright © 1996, 2003 by Oxford University Press. All rights reserved.  Read more

 

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