Under which of the following conditions, a member nation can apply restrictions on international transfers and payments for current transactions even though they are typically forbidden by GATS?
A) The member nation is in transition to a market economy.
B) The member nation wants to grant monopoly rights to a service supplier.
C) The member nation wishes to not adopt the guidelines of the Council on Trade in Services.
D) The member nation has been granted MFN status by another country.

Question

Quizplus · Accepted Answer

According to GATS, member nations cannot apply restrictions on international transfers and payments for current transactions. However, there is an exception granted for countries in transition to a market economy. These countries are allowed to apply restrictions for a limited time until their economy stabilizes.

Under Which of the Following Conditions, a Member Nation Can