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 negotiations.

• A. Only $2$
• B. Only $1$
• C. $1$ and $2$
• D. None of the above

Answer 1

The correct option is B Only $1$

GATS entered into force in January 1995 as a result of the Uruguay Round negotiations to provide for the extension of the multilateral trading system to services. The GATS is the first multilateral, legally binding set of rules covering international trade in services.