Definitions for "General Agreement on Trade in Services"
The agreement, negotiated in the Uruguay Round that brings international trade in services into the WTO. It provides for countries to provide national treatment to foreign service providers and for them to select and negotiate the service sectors to be covered under GATS.
of the World Trade Organisation.
WTO agreement aimed at removing restrictions and internal government regulations in the area of service delivery that are considered to be barriers to trade. Originally agreed in 1994, negotiations are currently underway to expand the agreement further.