Editing Trade in services (section)

== Trade Agreements and Law ==
During the Uruguay Round of the [[General Agreement on Tariffs and Trade]] (GATT), the General Agreement on Trade in Services was drafted, and became enshrined as one of the four pillars of the international treaty comprising the [[World Trade Organization]] Agreement in 1995. 

Regional trade in services agreements are also negotiated and signed between regional economic groupings such as [[CARICOM]], [[North American Free Trade Agreement]] (NAFTA), [[ASEAN]] and the [[Commonwealth of Independent States]] ([[Commonwealth of Independent States Agreement on Free Trade in Services, Establishment, Operations and Investment]]). All [[single market]]s and [[economic union]]s ([[European single market]], [[European Economic Area]], [[Gulf Cooperation Council]], [[Central American Common Market]], [[CARICOM Single Market and Economy]], [[Eurasian Economic Space]] and [[Mercosur]]) with "[[four economic freedoms]]" also cover free trade in services.

Beginning in February 2012, 50 countries (28 of which are represented by the European Union) around the world began negotiating the [[Trade in Services Agreement]] (TISA). TISA negotiations primarily comprised high- and upper-middle income countries who were members of the WTO and hoped to further liberalize trade in financial services, healthcare, and transportation between themselves. The agreement has not progressed since early 2016 due to uncertainty surrounding negotiations in the aftermath of many elections that occurred that year.