The constant threat from GATS

The General Agreement in Trade in Service put into operation in 1995 by the World Trade Organisation. The major economic powers were the driving forces behind the GATS, particularly the U.S. and the EU where transnational corporations specializing in service exports were based. Their objective was and is to obtain better access to other countries’ services markets as well as a legal framework that would secure their investments and acquired property rights. Another long-term objective for the private companies pushing the GATS is to privatize public services. Education, health, pension systems and water are among the services that are still mostly public, particularly in developed countries; all are services in which private companies have an interest.  A report by the Polaris Institute, Canada, looks at the constant threat from GATS.

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