Common Contracts
1 similar General Agreement on Trade in Services (Gats) contracts
World Trade Organization (WTO) was established on 1st January, 1995. Its present membership, as on 10 February 2011, is 153 countries including India. The WTO came into being as an enlargement of earlier General Agreement on Trade and Tariff (GATT)....General Agreement on Trade in Services (Gats) • August 27th, 2013
The countries of the world are classified as 1) Developed, 2) Developing and 3) Least Developed by WTO. One need not dispute this classification. The point of dispute is whether the WTO was formed for the benefit of all the three categories of countries or with imperialist motives? It is felt that the WTO was formed to serve the interest of developed countries; and that it is detrimental to the interest of the least developed nations. Developing countries like India joined the organization to make the possible best for its corporate houses in the changed international conditions. With the liquidation of parallel world socialist market, the developed capitalist countries could impose these enlarged ‘agreements’ on least developed countries. The developing countries like India which used to benefit from both developed capitalist countries and socialist countries are now circumscribed to search for benefits in the ‘unified’ world capitalist market. The class inequalities and social inequa
