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