GATT, GATS and the global construction industry
Engineering, Construction and Architectural Management
ISSN: 0969-9988
Article publication date: 1 January 1998
Abstract
On 15 December 1993, the most ambitious trade liberalisation package in history was concluded, marking the end of multilateral trade negotiations under the aegis of the General Agreement on Tariffs and Trade (GATT). Among the landmark achievements of that round was the addressing of the services sector for the first time in such a setting. This paper analyses the key provisions of the General Agreement of Trade in Services (GATS) in the context of the construction industry. Despite the fact that GATS is presently a framework which requires further negotiation, there are already certain matters that corporate strategists should be conversant with in preparation for the time when full trade surveillance is imposed on the industry. Specific reference is also made to the Government Procurement Agreement towards the end of this paper because of its galvanising force on future GATS negotiations.
Keywords
Citation
ABDUL‐AZIZ, A. and CHWEE NGOH TAN, A. (1998), "GATT, GATS and the global construction industry", Engineering, Construction and Architectural Management, Vol. 5 No. 1, pp. 31-37. https://doi.org/10.1108/eb021058
Publisher
:MCB UP Ltd
Copyright © 1998, MCB UP Limited