General Agreement On Trade In Services Will Not Be Applicable To Mcq

Domestic treatment: An obligation of domestic treatment implies that the Member in question does not provide discriminatory measures in favour of domestic services or service providers. The most important requirement is not to alter the conditions of competition, either legally or effectively, for the benefit of the Member`s own services industry. Here too, the extension of incubation treatment in a given sector may be conditional on conditions and qualifications. Below are some of the multiple choice questions and answers regarding the WTO, which will help students prepare for different academic and competitive exams. The commitments contained in the GATS can be divided into two broad groups: general obligations applicable to all members and services sectors and obligations that apply only to sectors on a member`s schedule of commitments. These obligations are set out in individual schedules, the scope of which can vary considerably from one member to another. The relevant terms and conditions are similar, but not necessarily identical to, those used in gatt; For example, domestic treatment is a general obligation in trade in goods and cannot be negotiated as under the GATS. The World Trade Organization helps to facilitate this trade by providing a framework for the negotiation of the various trade agreements. It also provides a settlement of disputes that may arise between trading nations covered by WTO agreements. While the concept of progressive liberalization is one of the fundamental principles of the GATS, Article XIX provides that liberalization shall be carried out in accordance with national policy objectives and the level of development of Members, both as a whole and in certain sectors. This will give developing countries the flexibility to open fewer sectors, liberalize fewer types of transactions and gradually expand market access according to their development situation. Other provisions ensure that developing countries have greater flexibility in implementing policies of economic integration, maintaining restrictions on balance of payments and defining access to and use of their telecommunications networks and services. In addition, developing countries are entitled to technical assistance from the WTO Secretariat.

Most-favoured-nation: Under Article II of the GATS, Members are required to extend immediately and unconditionally to services or service suppliers of all other Members “which are no less favourable than the treatment accorded to similar services and service suppliers of another country”. . . .