What does GATS mean in Unclassified?
This page is about the meanings of the acronym/abbreviation/shorthand GATS in the Miscellaneous field in general and in the Unclassified terminology in particular.
General Agreement on Trade in Services
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Definition
What does GATS mean?
- General Agreement on Trade in Services
- 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) provides such a system for merchandise trade. All members of the WTO are parties to the GATS. The basic WTO principle of most favoured nation (MFN) applies to GATS as well. However, upon accession, members may introduce temporary exemptions to this rule.
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"GATS." Abbreviations.com. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.abbreviations.com/term/1607062>.
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