GATS (General Agreement on Trade in Services)

The General Agreement on Trade in Services (GATS) is an international treaty that aims to promote and regulate trade in services between countries. Established by the World Trade Organization (WTO), it encourages countries to open their markets to foreign service providers, covering areas like finance, telecommunications, and education. GATS sets rules to ensure fair competition and transparency, helping to create a more predictable environment for international service trade. By fostering global cooperation, it seeks to enhance economic growth and development through the exchange of services across borders.