Wto General Agreement On Trade In Services (Gats)

The overall GATS framework consists of a preamble and 28 articles, followed by eight annexes, eight ministerial statements and decisions, and an “agreement” on financial services. Most annexes contain specific provisions for certain sectors, while declarations and decisions deal with general institutional issues such as the creation of working groups, work programmes, mandates, etc. The various national commitment plans and a consolidated European Union timetable are included in an “annex” to the framework. Several countries have also submitted lists of exceptions to the MFN, as well as their timetables. Finally, some instruments outside the GATS, such as the Dispute Settlement Agreement and some institutional provisions of the WTO agreement itself, are also considered part of the WTO package. 3. Each member informs without delay and at least annually the Board for Trade in Services of the introduction, or any possible changes, of existing legislation, regulations or guidelines significantly affecting the trade in services under its specific obligations under this agreement. (b) services include all services provided in each sector, with the exception of services provided as part of the exercise of public authority; The GATS expressly recognizes the right of members to regulate service delivery by pursuing their own policy objectives. However, the agreement contains provisions to ensure that service rules are managed appropriately, objectively and impartially. either at the time of this agreement`s entry into force or on the basis of a reasonable period of time, except for the measures until they are authorized in accordance with Articles XI, XII, XIV and XIV. 2. Within two years of the WTO agreement coming into force, multilateral negotiations on public procurement in the services sector are conducted within the framework of this agreement. Taking into account in particular the serious difficulties faced by the least developed countries because of their particular economic situation and development, their commercial and financial needs; 1.

In areas where specific commitments are made, each member ensures that all broad-ended measures relating to trade in services are managed appropriately, objectively and impartially. Recognizing the growing importance of trade in services to the growth and development of the global economy, a) exempt citizens of contracting parties from residence and work permit requirements; The GATS provided for successive rounds of contracts for services no later than five years after the agreement came into force, and a new round of services negotiations was officially launched in Geneva in February 2000. Six GATS negotiations were held in 2000, during which WTO members addressed issues ranging from improved service classifications and greater transparency, mandatory revisions to the Air Services Annex, and exemptions for the most treating nations. 3. The implementation of paragraphs 1 and 2 gives particular priority to the least developed countries. In particular, the serious difficulty of the least developed countries in accepting specific negotiated commitments, given their particular economic situation and their evolution, their commercial and financial needs, should be taken into account.

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