General Agreement On Trade In Services Wto
The GATS agreement includes four types of service delivery in cross-border trade: The GATS provided that successive negotiations on services would begin 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. While the concept of progressive liberalisation is one of the fundamental principles of the GATS, Article XIX provides that liberalisation takes place in accordance with national political objectives and the level of development of members, both in the various sectors and in the various sectors. Developing countries will thus have flexibility to open fewer sectors, liberalize fewer types of transactions and gradually expand market access depending on their development situation. Other provisions ensure that developing countries have greater flexibility in implementing the policy of economic integration, maintaining constraints on the reasons for the balance of payments and determining access and use of their telecommunications networks and services. In addition, developing countries are entitled to technical assistance from the WTO secretariat. The interests of developing countries have inspired both the overall structure of the agreement and certain articles. In particular, the objective of facilitating the increasing participation of developing countries in trade in services has been enshrined in the preamble to the agreement and is based on the provisions of Article IV. In particular, this article obliges Members to negotiate specific commitments to strengthen the national service capacity of developing countries; Improving developing countries` access to distribution channels and information networks; and liberalizing market access in the areas of interest to these countries. Transparency: GATS members are required, among other things, to publish all measures of general application and to set up national investigative bodies to respond to requests for information from other members. All services are covered by the GATS, with the exception of those provided by governments on a non-commercial basis (for example.
B central banks or social security). The GATS applies not only to the cross-border provision of services to consumers in other countries, but also to the provision of domestic services by foreign suppliers. Article I defines trade in services in four different types of procurement: the GATS aims to ensure that the laws and regulations applied by WTO member governments for trade in services are transparent and fair. Its main element of market opening is the timetable for specific commitments that each signatory has attached to the GATS as an integral part of the agreement. In these timetables, stemming from the Uruguay Round negotiations, the signatories determined to what extent they would grant full market access and national treatment in certain service sectors. The existence of specific commitments entails other obligations relating, among other things, to the notification of new measures having a significant impact on trade and the prevention of restrictions on international payments and transfers. The General Agreement on Trade in Services (GATS) is a World Trade Organization (WTO) treaty that came into force in January 1995 following the Uruguay Round negotiations.