Scribd
Upload
103 views

Gats (General Agreement On Trade in Services) : Case Study & Its Implications in International Business

This document discusses the General Agreement on Trade in Services (GATS) and its implications for international business. GATS came into effect in 1995 and extends trade rules and commitments to the international trade in services. It covers four modes of supply: cross-border, consumption abroad, commercial presence, and presence of natural persons. India has undertaken economic reforms in several services sectors covered by GATS, such as financial services, telecom, air transport, education, health, postal services, and professional services. GATS includes general obligations and disciplines for member countries relating to most-favored-nation treatment, transparency, domestic regulation, recognition, monopolies and exclusive suppliers, and other policies.

Uploaded by

Abhinav Verma
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
103 views

Gats (General Agreement On Trade in Services) : Case Study & Its Implications in International Business

This document discusses the General Agreement on Trade in Services (GATS) and its implications for international business. GATS came into effect in 1995 and extends trade rules and commitments to the international trade in services. It covers four modes of supply: cross-border, consumption abroad, commercial presence, and presence of natural persons. India has undertaken economic reforms in several services sectors covered by GATS, such as financial services, telecom, air transport, education, health, postal services, and professional services. GATS includes general obligations and disciplines for member countries relating to most-favored-nation treatment, transparency, domestic regulation, recognition, monopolies and exclusive suppliers, and other policies.

Uploaded by

Abhinav Verma
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
You are on page 1/ 10

GATS

(General Agreement on
trade in services)
Case study &
Its implications in international business
INTRODUCTION
• Operative from 1st Jan 1995
• ‘Important achievement’ of Uruguay round
• Extended internationally rule &
commitment in the international trade in
services.
GATS EXTENTION….
• Its rule extent to all forms of international
trade in services; except
“services supplied in the exercise of
Govt. authority”
Modes of supply:-
• Cross border
• Consumption abroad
• Commercial presence
• Presence of natural persons.
Area:-
• Economic reforms are taking place in India
in a number of Services sector such as
Financial Services, Telecom Services, Air
Transport Services, Education Services,
Health Services, Postal Services,
Professional Services.
Cont….

• Financial Services

- RBI road map for liberalizing presence of


foreign banks in India.

- Reforms undertaken by IRDA: Foreign


equity up to 26% permitted in Insurance
sector.
Cont….
• Telecom Services
- FDI limit raised to 74% in recent policy
reforms
• Postal Services
- Amendment to the Indian Postal Act
proposed with the objective to regulate
Courier Services.
• Air Transport services.
- Private sector participation in Delhi and
Mumbai airports
Cont…..

• Education Services
- Foreign Education Providers Bill under
consideration of the Government

• Health Services

- MRAs being proposed with Singapore

- Proposal mooted to raid various private


hospital.
GENERAL OBLIGATIONS AND
DISCIPLINES
• Article II Most-Favoured-Nation Treatment
• Article III Transparency
• Article III Disclosure of Confidential
Information
• Article IV Increasing Participation of
Developing Countries
• Article V Economic Integration
• Article V Labour Markets Integration
Agreements
Cont………..
• Article VI Domestic Regulation
• Article VII Recognition
• Article VIII Monopolies and Exclusive Service
Suppliers
• Article IX Business Practices
• Article X Emergency Safeguard Measures
• Article XI Payments and Transfers
• Article XII Restrictions to Safeguard the Balance of
Payments
• Article XIII Government Procurement
• Article XIV General Exceptions
• Article XIV Security Exceptions
• Article XV Subsidies

You might also like