The General Agreement on Trade in Services (GATS) covers all services and provides for MFN and national treatment.

Question

Quizplus · Accepted Answer

The statement is correct. The General Agreement on Trade in Services (GATS) is a multilateral agreement of the World Trade Organization (WTO) that covers all services sectors and aims to promote liberalization and fair competition in the global market. It provides for the Most-Favored Nation (MFN) principle, which means that each member country must treat all other member countries equally, and the National Treatment principle, which means that foreign suppliers must receive the same treatment as domestic suppliers in terms of regulations, taxes, and other policies.

The General Agreement on Trade in Services (GATS) Covers All