(redirected from GATS)
Also found in: Dictionary, Thesaurus, Medical, Legal, Acronyms, Idioms, Encyclopedia.

General Agreement on Tariffs and Trade (GATT)

A treaty adopted by the United Nations aimed at elimination of international trade barriers between member countries.

General Agreement on Tariffs and Trade

An international treaty, originally written in 1947, intending to establish a framework for international trade, with the goal of the reduction and elimination of tariffs. Its provisions were amended a number of times since its promulgation, but its goals remained the same until 1995, when it was replaced by the World Trade Organization. See also: Doha round.


General Agreement on Tariffs and Trade (GATT).

A General Agreement on Tariffs and Trade was signed in 1947 to provide an international forum to encourage free trade, reduce tariffs, and provide a mechanism for resolving trade disputes.

The Uruguay Round Agreements Act was ratified by Congress in 1994 to foster trade by cutting international tariffs, standardizing copyright and patent protection, and liberalizing trade legislation.




References in periodicals archive ?
The GATS applies to "measures by WTO members which affect trade in services.
September 2003: Stocktaking of GATS by governments meeting for the Fifth Ministerial Conference in Cancun, Mexico.
In addition to the general requirements that apply to all WTO Members, there are certain provisions in the GATS that apply only if a country listed the particular service on its Schedule of Specific Commitments.
According to Deborah Bourque, vice-president of the Canadian Union of Postal Workers (CUPW), a recent study shows that the GATS represents a threat to the Canadian public postal system.
All GATS members agree to Most Favored Nation (MFN) treatment and transparency.
a guide to GATS written by Auckland University professor Jane Kelsey.
The GATS will result in greater transparency, allowing firms to provide their services under predictable, stable conditions.
government requests that the GATS, "remove restrictions on suppliers ability to establish preferred form of commercial presence, whether as subsidiary, branch or joint-venture; and at the level of equity participation preferred by the service supplier.
Under GATS, any commitment, once taken, is virtually unalterable.
NZNO policy analyst Eileen Brown, who made the GATS presentation to the board, said many people were working towards exemption of the health sector and the publication would assist in educating NZNO members about GATS and its implications.
The GATS agreement is aimed at opening up to foreign business competition the provision of essential services like water, energy, mail, transport, education, health, etc and cutting out government control of these.