Which Of The Following Is Not True Of The General Agreement On Trade In Services (Gats)

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A.It is a fully developed agreement that governs all types of international trade. Domestic treatment: a national treatment obligation implies that the member concerned does not apply discriminatory measures in favour of national services or service providers. The most important requirement is not to change, in law or in fact, the conditions of competition in favour of the member`s service sector. Again, the extension of domestic treatment in a given sector may be subject to conditions and qualifications. If necessary, GATS disputes can also be resolved by the U.S. government as part of the WTO dispute settlement process outlined in the trade guide to the WTO dispute settlement agreement. 5. Which of the following points does not apply to the General Agreement on Trade in Services (GATS)? National Treatment (Article XVII) In areas where a member makes commitments in its timetable, each WTO member is required to give national treatment to service providers in other Member States. This means that the treatment should not be less favourable than the treatment given by the government to its own services and service providers. Members are free to tailor the coverage of the sector and the content of these commitments as they see fit.

Commitments therefore generally reflect the objectives and constraints of national policy as a whole and in different sectors. While some members have provided fewer than a handful of services, others have adopted market access and national processing disciplines in more than 120 services out of a total of 160. The World Trade Organization (WTO) General Trade in Services Agreement, commonly known as GATS, has created a multilateral framework of rules and principles for trade in services, a large and rapidly growing segment of world trade. It has also launched a process of phasing out restrictions on international trade in services. In September 2003, the Fifth Ministerial Conference took stock of the ongoing negotiations. Agricultural issues have proven to be a serious challenge to the progress of the cycle, with developing countries calling for better access to developed country markets. Since the cycle must end in one company, all issues must be resolved. Market access and regular discussions on services are ongoing. The GATS agreement has been criticized for replacing the authority of national law and justice with that of an GATS dispute resolution body that holds closed hearings.