IMPLICATION OF LEGAL AND EDUCATION SERVICES UNDER GENERAL AGREEMENT ON TRADE IN SERVICES

Abstract

World Trade Organisation stated that services are sixty percentage of global production and twenty percentage of world commerce. All developed countries wanted to expand their markets. U.S has decline of share in the commerce of goods because there is less competition of their products.  There is refusal of some countries to enter into agreement of trade in services. But with passage of time they are concluded that they also can take advantage from the liberalisation and globalisation of trade in services. General Agreement on Trade in services (herein after called GATS) is first multilateral trade agreement cover trade in services and it are inspired from General Agreement on Tariffs and Trade (herein after called GATT). This agreement state how 150 member countries of WTO administer service providers from other countries. GATS covered 12 sectors and 161 sub sectors of services. It came into effect on April 15, 1994. There are few reasons  identified by World Trade Organisation (herein after called WTO) for implementing GATS. There is growth of services in economic sectors and service product grows like technical progress, government retrenchment, privatization, commercialisation and important service sector. Services play a very important role in infrastructure area such as transport, communication and transport.  These areas promoted the efficiency of economy of the country. Open service environment possible and scope of economics internationally spread.