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Principles of International Economic Law, 2nd Edition by Herdegen, Matthias (22nd September 2016)

Part III World Trade Law and Regional Trade Agreements, XVII The General Agreement on Trade in Services (GATS)

From: Principles of International Economic Law (2nd Edition)

Matthias Herdegen

From: Oxford Public International Law (http://opil.ouplaw.com). (c) Oxford University Press, 2015. All Rights Reserved.date: 22 October 2019

Subject(s):
Competition — International investment law — International monetary law — International trade

This chapter discusses the General Agreement on Trade in Services (GATS). Besides GATT, which has served as the legal core of the world trading system, GATS extends to all measures which affect trade in services and covers all services in any sector, except those ‘supplied in the exercise of governmental authority’. GATS, like GATT enshrines the most-favoured-nation principle. In addition, a number of important GATS provisions do not apply generally, but are only binding for States having entered specific commitments for certain service sectors. The chapter also tackles other aspects of GATS, such as its general exceptions and its restrictive measures. In addition, the chapter explores other areas falling under the regime of GATS: telecommunications services, financial services, and the Trade in Services Agreement (TiSA).

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