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