1、1This report provides an overview of the issues discussed in: U.S. Library of Congress.Congressional Research Service. Services Trade and the Uruguay Round, by Arlene Wilson.CRS Report 95-1051. Washington, 1995. 21 p.Congressional Research Service The Library of CongressCRS Report for CongressReceiv
2、ed through the CRS Web95-1169 EDecember 5, 1995Services Trade and the Uruguay Round:An Issue Overview1Arlene WilsonSpecialist in International Trade and FinanceEconomics DivisionSummaryThe General Agreement on Trade in Services (GATS), which went into effect onJanuary 1, 1995, is a significant achie
3、vement, but only a first step on the road toliberalization of services barriers. For the first time, legally enforceable multilateral rulesand principles for services trade are part of the international trading system. At the sametime, the immediate elimination or reduction of barriers to services t
4、ransactions wasmuch less than desired by many. The GATS, however, includes provisions for futurenegotiations to liberalize trade. The Congress will have an important consultation rolein these negotiations. If agreements are achieved, legislation may be necessary toimplement them.Background to Servic
