The General Agreement on the Trade in Services. This treaty of the
World Trade Organisation entered effect in 1995 as a result of the Uruguay round of
negotiations. It was created to extend multilateral trading systems to cover services as well as goods.
1: Hey guys! Don't
discriminate against my providing services in your country!
2: Aha! Eat tariffs! My domestic service
industry has an
unfair advantage now!
1: GATS will protect me!
2: Oh god the GATS why me