Two of the first industries targeted for GATT reform were the global telecommunication and the financial services industry.

Question

Quizplus · Accepted Answer

This is true. The telecommunication and financial services industries were among the first to be targeted for reform under GATT (General Agreement on Tariffs and Trade). Telecommunication services were included in the 1994 Uruguay Round of GATT negotiations, while financial services were included in the 1997 Financial Services Agreement (FSA). Both of these agreements aimed to liberalize trade in these industries and increase foreign investment opportunities.

Two of the First Industries Targeted for GATT Reform Were