Exercises · Q9
Q.Name the three major agreements administered by the WTO and state what each covers.
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Start your 14-day free trial to unlock the full solution →GATT (General Agreement on Tariffs and Trade), updated and incorporated into the WTO framework, covers international trade in goods — tariffs, quotas, and other barriers affecting merchandise trade.
GATS (General Agreement on Trade in Services) extends WTO rules to trade in services — such as banking, telecommunications, tourism, and professional services — recognising that trade increasingly involves services alongside physical goods. …
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