Common Contracts
1 similar Trade in Services Agreement contracts
The General Agreement on Trade in Services (GATS) and the Free Trade Area of the Americas (FTAA) are both trade agreements that are being negotiated now. GATS is part of the World Trade Organization (WTO) and would apply to all member countries...Trade in Services Agreement • November 8th, 2021
This rule says that countries have to treat foreign service providers the same as domestic service providers, even if the foreign service provider is private and the domestic service provider is public. This is one rule that could lead to lots of public services being privatized (run by private corporations). It would give foreign private companies rights to "equal treatment," which means that they could compete for the use of tax money to fund the service that they operate, if it is a service that is normally funded by taxes. This rule also allows foreign companies to challenge laws that "impact the conditions of competition" in ways that disadvantage foreign service providers. This means that if a labor, environmental, or public safety law was seen as making things unfair for a foreign company, the company could have that law overturned. In the GATS, this rule applies to services that the country chooses. In the FTAA, this rule would apply automatically to all services, and countries
