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The Uruguay Round of GATT negotiations included a legally distinct series of negotiations to bring the services sector of the global economy under GATT disciplines and dispute settlement procedures, despite substantial initial resistance from less‐developed countries. The successful accord or GATS (which entered into force on 1 January 1995) is now under the umbrella of the World Trade Organization (WTO), which succeeds GATT as the core of the multilateral trade regime.


http://www.wto.org/english/tratop_e/serv_e/gatsintr_e.htm Text and related information from the World Trade Organization.

Subjects: Economics.

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