Question

What is General Agreement on Trade in Services (GATS)?
1. It is a treaty of the World Trade Organisation (WTO).
2. It entered into force in January 2005 as a result of the Uruguay Round of negotiations.

• A. 2 and 3
• B. Only 1
• C. 1 and 2
• D. Only 2

Answer 1

The correct option is B Only 1

The General Agreement on Trade in Services (GATS) is a treaty of the World Trade Organization (WTO) that 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.