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Trade in services |
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Trade in servicesThe provision of a service to buyers within or from one country by a firm in or from another country. Because such transactions do not involve a physical product crossing borders, they were not regarded as "trade" and were not covered by GATT. In the mid-1980s they were recognized as a form of trade and were incorporated into the WTO's GATS.Similar MatchesInformation servicesInformation servicesOrganizations that furnish investment and other types of information, such as information that helps a firm monitor its cash position. Tax preparation servicesTax preparation servicesFirms that prepare tax returns for a fee. General Agreement on Trade in ServicesGeneral Agreement on Trade in ServicesThe agreement, negotiated in the Uruguay Round that brings international trade in services into the WTO. It provides for countries to provide national treatment to foreign service providers and for them to select and negotiate the service sectors to be covered under GATS. Short term investment servicesShort term investment servicesServices that assist firms in making short-term investments. Fiscal agency servicesFiscal agency servicesServices performed by the Federal Reserve Banks for the U.S. government. These include maintaining deposit accounts for the Treasury Department, paying U.S. government checks drawn on the Treasury, and issuing and redeeming savings bonds and other government securities. Further SuggestionsHeadquarters servicesBankers Automated Clearing Services Financial Services Act 1986 Concentration services Financial Services Compensation Scheme Financial Services Authority Balance on goods and services Nonfinancial services |
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