What is World Trade Organisation (WTO)? Explain the implications of WTO pertaining to General Agreement on Trade in Services (GATS).
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The General Agreement on Trade in Services (GATS) is a treaty of the World Trade Organization (WTO) that entered into force in January 1995 as a result of the Uruguay Round negotiations. ... All members of the WTO are parties to the GATS. The basic WTO principle of most favoured nation (MFN) applies to GATS as well.
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