The New GATS and TRIPS Are Separate Agreements Negotiated Within

question 7

Multiple Choice

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 transportation.
• B)agriculture and textiles.
• C)services and intellectual property.
• D)textiles and transportation.

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Definitions:

License

A permit or authorization granted by an authority to engage in a particular activity or to use a particular property.

Revocation

The act of officially cancelling or withdrawing something, such as a law, license, privilege, or promise.

License

A permit or authorization granted by a competent authority or the owner to use a particular property, asset, or intellectual property under certain conditions.

Produce

The act of creating, manufacturing, or growing goods, often in relation to agriculture or manufacturing sectors.