What is Tisa WTO?
The Trade in Services Agreement (TISA) is a services-trade only agreement currently being negotiated by 23 Members of the World Trade Organization (WTO), including Canada.
What is the role of GATS in India?
The GATS was inspired by essentially the same objectives as its counterpart in merchandise trade, the General Agreement on Tariffs and Trade (GATT): creating a credible and reliable system of international trade rules; ensuring fair and equitable treatment of all participants (principle of non-discrimination); …
What services are traded internationally?
International trade in services refers to a wide and growing range of economic activities. These activities include transport, tourism, financial services, use of intellectual property, telecommunications and information services, government services, and other professional services, from accounting to legal services.
Which of the following agreements deal with trade in service?
The General Agreement on Trade in Services (GATS) is a treaty of the World Trade Organization (WTO) which entered into force in January 1995 as a result of the Uruguay Round negotiations.
Is GATS still in effect?
That Agreement along with the GATS entered into force on January 1, 1995. It has no expiration date.
What are the basic obligations under the GATS?
General obligations include MFN, Transparency. While specific commitments involve market access and national treatment. The GATS defines trade in services as the supply of a service through any of four modes of supply: (a) Cross border supply- Occurs when a service crosses a national border.
Which services are included in trade support services?
Trade and Industry Related Functional Support Services comprises of the following components:
- Knowledge Management.
- Information Management.
- Infrastructure Creation.
- Human Resource Development.
Which WTO agreement regulates trade in services?
The WTO’s General Agreement on Trade in Services (GATS) provides the legal ground rules for international trade in services, allowing WTO members the flexibility to open their markets to foreign competition to the extent of their choosing.