A legally enforceable pact among WTO participants that covers trade and investments in the services sector is called the ________.

Question

Quizplus · Accepted Answer

The General Agreement on Trade in Services (GATS) is a legally enforceable pact among World Trade Organization (WTO) participants that covers trade and investments in the services sector. The North American Free Trade Agreement (NAFTA) applies only to trade between Canada, Mexico, and the United States, while the Federal Trade Commission Act, Uniform Secret Tariffs Act, and Uniform Trade Practices Act are all laws or regulations within specific countries and do not relate to global trade in services under the WTO.

A Legally Enforceable Pact Among WTO Participants That Covers Trade