GATS
GATS: General Agreement on Trade in Services. One of the Uruguay Round outcomes. It covers all trade in services except bilateral aviation rights and services purchased or supplied in the exercise of governmental authority, i.e. government procurement. Rights and obligations occur at two levels. First, there are general obligations applying to all services trade and disciplines such as most-favoured-nation treatment, transparency, fairness of domestic regulation, recognition of qualifications, economic integration arrangements, monopolies, business practices, payments and transfers, general exceptions and security exceptions. Second, the GATS also contains specific obligations relating only to commitments made under the Agreement. These include guaranteed market access and national treatment. Negotiations are under way on disciplines concerning government procurement, emergency safeguards and subsidies. The GATS also mandates a new round of negotiations on services which began in 2000. Members of the GATS must supply a schedule of commitments in which they undertake not to introduce more stringent market access and national treatment conditions for three years. The GATS has received mixed reviews. Some see it as the first, but most important, step towards more predictable, freer and more transparent global trade in services. Others are dismayed by its apparent operational complexity stemming from its two levels of obligations. Professor Waincymer considers the GATS a “primitive” legal document both in detail and in coverage because of the amount that remains to be negotiated and the decision to use positive listing for the scheduling of commitments. He adds that much will depend on progress in the current round of negotiations. Appendix 3 of this Dictionary contains a synopsis of the GATS.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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