Legal Dictionary

Search results for: “gats”

  • Negative Listings

    Negative listings in Global Commerce Policy In this regard, a definition of this issue is as follows: used in some of the schedules of commitments under the GATS. The entries on trade policy are here. In making a negative listing a country agrees that all service activities are covered by all […]

  • Economic Needs Test

    Economic needs test in Global Commerce Policy In this regard, economic needs test is: a mechanism controlled by government, industry or professional associations to decide whether the entry into the market of new foreign, and sometimes domestic, firms is warranted on economic grounds. Such […]

  • Concession

    Legal Definition and Related Resources of Concession Meaning of Concession A privilege or space granted or leased for a particular use within specified premises . See Citv of Detroit v Tygard, 161 N. W.2d 1, 381 Mich. 271. The grantee of a […]

  • Juridical Person

    Juridical person in Global Commerce Policy In this regard, juridical person is: a term used in the GATS. The entries on trade policy are here. A legal entity, such as a corporation, trust, partnership, joint venture, sole proprietorship, association, etc., formed for the purpose of supplying […]

  • Additional Commitments

    Additional commitments in Global Commerce Policy In this regard, a definition of this issue is as follows: the GATS permits WTO members to make commitments on trade in services that are additional to those made under market access and national treatment. Qualifications, standards and licensing […]

  • Additional Commitments

    Additional commitments in Global Commerce Policy In this regard, a definition of this issue is as follows: the GATS permits WTO members to make commitments on trade in services that are additional to those made under market access and national treatment. Qualifications, standards and licensing […]

  • Accountancy Sector

    Guidelines for Mutual Recognition Agreements or Arrangements in the Accountancy Sector in Global Commerce Policy In this regard, guidelines for mutual recognition agreements or arrangements in the accountancy sector is: a set of non-binding principles adopted by the WTO on 29 May 1997 aimed at […]

  • Accountancy Sector

    Guidelines for Mutual Recognition Agreements or Arrangements in the Accountancy Sector in Global Commerce Policy In this regard, guidelines for mutual recognition agreements or arrangements in the accountancy sector is: a set of non-binding principles adopted by the WTO on 29 May 1997 aimed at […]

  • Carve-out

    Carve-out in Global Commerce Policy In this regard, carve-out is: an agreement among participants in negotiations to exempt for the time being a set of measures or a defined economic activity from the application of new or proposed trade rules. The entries on trade policy are here. Examples of […]

  • Multi-modal

    Multi-modal in Global Commerce Policy In this regard, a definition of this issue is as follows: transport using more than one mode. The entries on trade policy are here. In the GATS negotiations, essentially door-to-door services that include international shipping.[1] Multi-modalin the wold […]

  • Infant-industry Provision

    Infant-industry provision in Global Commerce Policy In this regard, infant-industry provision is: Article XVIII of the GATT (Governmental Assistance to Economic Development) allows developing countries under certain conditions to impose measures aimed fostering the development of infant […]

  • Positive Comity

    Positive comity in Global Commerce Policy In this regard, positive comity is: a term used in the administration of competition policy. The entries on trade policy are here. It means that a country may, under the rules of a relevant bilateral arrangement, request the other country to initiate […]

  • Second-level Obligations

    Second-level obligations in Global Commerce Policy In this regard, a definition of this issue is as follows: the obligations under the WTO agreements of central governments of federated states in respect of states or provinces constituting their jurisdictions. Two examples will suffice. The […]

  • Second-level Obligations

    Second-level obligations in Global Commerce Policy In this regard, a definition of this issue is as follows: the obligations under the WTO agreements of central governments of federated states in respect of states or provinces constituting their jurisdictions. Two examples will suffice. The […]

  • Sectoral Free-trade Area

    Sectoral free-trade area in Global Commerce Policy In this regard, sectoral free-trade area is: a free-trade area or a customs union covering some traded sectors only. This option is only available to developing countries under the Enabling Clause. Developed countries may conduct sectoral […]