World Trade Organization (WTO)1995 General Agreement on Trade in Services(GATS Trade-related aspects of intellectual property rights (TRIPS, Trade-related investment measures (TRIMS Problems around wto Environmentalists concern Labor union s fear Developed nations concern Countries may lose their sovereignty -Positive expectations More expansion for MNC and Global Violators of trade agreement, trade secrets and copy rights can be punished Copyright 2001 by Harcourt, Inc. All rights reservedCopyright © 2001 by Harcourt, Inc. All rights reserved. World Trade Organization (WTO) 1995- • General Agreement on Trade in Services (GATS) • Trade-related aspects of intellectual property rights (TRIPS) • Trade-related investment measures (TRIMS) -Problems around WTO – Environmentalist’s concern – Labor union’s fear – Developed nations’ concern – Countries may lose their sovereignty -Positive expectations – More expansion for MNC and Global – Violators of trade agreement, trade secrets and copy rights can be punished