As an Outcome of the Uruguay Round of Intergovernmental Tariff

question 60

Multiple Choice

As an outcome of the Uruguay Round of intergovernmental tariff negotiations on the General Agreement on Tariffs and Trade, the first multilateral, legally enforceable agreement covering trade and investment in the services sector was formulated. This is termed the _____.

• A) Trade-Related Aspects of Intellectual Property Rights (TRIPs)
• B) Trade-Related Investment Measures (TRIMs)
• C) General Agreement on Trade in Services (GATS)
• D) Comprehensive Economic Cooperation Agreement (CECA)
• E) Trade in Services and Investment Obligations Act (TSIO)

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Definitions:

Need Recognition

The initial stage in the buying process where a consumer identifies a need or problem that requires a solution.

RFP Process

The process involving the request for proposal, where organizations solicit bids from potential vendors or service providers for a specific project or procurement.

Business Buyers

Entities such as companies and organizations that purchase products or services for use in the production of other goods and services, for resale, or for the organization’s own use.

Vendor Performance Assessment

Vendor Performance Assessment involves evaluating and monitoring a supplier's performance to ensure they meet contractual obligations and performance standards.