The new GATS and TRIPS are separate agreements negotiated within the WTO framework as part of the Uruguay Round that apply to
A)services and aircraft.
B)services and transportation.
C)agriculture and textiles.
D)services and intellectual property.
E)textiles and transportation.

Question

Quizplus · Accepted Answer

The new GATS (General Agreement on Trade in Services) and TRIPS (Agreement on Trade-Related Aspects of Intellectual Property Rights) are both agreements that were negotiated within the WTO framework as part of the Uruguay Round. GATS governs the international trade of services, while TRIPS sets the minimum standards for the protection and enforcement of intellectual property rights. Therefore, the best choice is D, as it correctly reflects the two areas covered by these agreements.

The New GATS and TRIPS Are Separate Agreements Negotiated Within