Economic globalization is no longer limited to the international trade of goods but
increasingly encompasses services. In response to the growing role of services in global
trade, the WTO developed the General Agreement on Trade in Services (GATS), which
entered into effect in January 1995 and remains the only set of multilateral rules
governing international trade in services. Although global trade liberalization made
steady continuous progress under the GATT–WTO framework, the progress halted in…..

You May Also Like