General Agreement on Trade in Services

therefore free trade. In the 21st century, a flourishing world economy can no longer be imagined with existing trade barriers and high quotas, advocators argue. The world economic system and our wellbeing, are highly dependent on both economic growth and globalization, which in turn are reliant on “the absence of artificial barriers to the free flow of goods and services between countries” (Dunkley 2004, p. 9). Nations ensure this mutually beneficial situation by signing preferential trade arrangements

International trade has been present in society for centuries; however, today 's interconnected economies and growing globalization has to lead to an increase in trading regulations and the creation of trading blocs which aim to implement easier and cheaper trade within global economies. In 1995, 164 countries came together to create the world trade organization. This organization deals with trading rules and agreements within nations. This report will assess the benefits and challenges which occur

goods and services. (European Commission, 2018) At the moment, there are 28 member states of the single market, including the UK until BREXIT occurs. Membership of the Single Market requires member states to accept the “four freedoms” of movement for goods, services, people as well as capita by aiming to break down all barriers to trading across the 500 million-person area. . Free trade deals usually focus on getting rid of tariffs on goods. But the Single Market is more than just a free trade zone.

described in a lot of different ways because it covers a large amount of topics including political, social and economic/commercial areas. According to Killic (2015), Globalization can be really challenging for different factions to come to one common agreement of what the term means because it has a ‘multi-dimensional’ structure. This means that up to this day, it is impossible to write a clear definition for what Globalization means as, although they share a similar understanding of the concept, different

World trade organization is an international governing body which deals with trade between countries. In regard to various nations which are under the World Trade Organization, the goal is to help producers of supplies of services, exporters and importers conduct their activities. The WTO has decreased the level of tariffs, but a boost in non tariff measures in rural areas which is obstructing trade. This will be discussed furthermore in the assignment. Tariffs are tax imposed on commodities and

Hemisphere launched the process of creating a Free Trade Area of the Americas (FTAA). The FTAA will be established by 2010 with the aim of gradually eradicating barriers to trade and investment in the region. The final characteristics of the FTAA will be determined through negotiations by government officials from the thirty-four participating countries. The trade issues that are presently under discussion are: market access; investment; services; government procurement; dispute settlement; agriculture;

Globalization is “the integration of states through increasing contact, communication and trade to create a holistic, single global system in which the process of change increasingly binds people together in a common fate” (Carey 2002). Some economists recognize globalization as being in the best interest of all states. While others believe that increasingly liberated trade and global economic interaction is necessary in many ways. While globalization marks a move toward a more open world-trading

Trade agreements are usually entered to by participating countries in an effort to simplify and encourage the movement of goods and services across borders. The countries entering the agreement often do so in an effort to get favorable conditions for themselves which are likely to boost their gains when trading with other countries and protect their interests. Trade agreements, however, are not all about trade. They often have other elements which are aimed at strengthening the participating countries

bers of the Madrid Agreement. Secondly, besides the Paris Convention and Madrid System, there is also a Trademark Law Treaty (TLT) that has been adopted in Geneva on October 27, 1994, that was meant to advice contracting States not to burden the trade mark applicants or proprietors with requirements over and above those laid down in the Treaty. The requirements can be in the form of administrative requirements of the national offices of contracting parties by establishing standards

export, as an important diplomatic strategy, improves the political status, stimulates the intelligence imports and enhances the exchange and cooperation in scientific research. Nowadays, there is a general tendency that the developed countries (such as U.S., UK) are vigorously developing education service trade, exploring international market and improving education exports. Chinese education exports start late and grow slowly, which causes it to greatly lag behind the developed countries. China is the