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Question

Which of the following gauges the significance of trade in services?

A
Formulation of General Agreement on Trade in Services (GATS)
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B
EXIM Policy
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C
Tarrifs
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D
Customs duty
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Solution

The correct option is A Formulation of General Agreement on Trade in Services (GATS)
The General Agreement on Trade in Services (GATS) is among the World Trade Organization's most important agreements. The act, which came into force in January 1995, is the first and only set of multilateral rules covering international trade in services

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