GATS Agreement Set to Revolutionize Global Tourism Industry Forever!
The article explores how the GATS agreement impacts tourism development, focusing on Korea. GATS aims to open up global trade in services, including tourism. It builds on previous trade agreements like GATT. The growth of tourism is linked to economic liberalization worldwide. GATS has significant implications for tourism policies and covers various sectors within the industry. The study aims to understand the factors influencing global trade in goods and services and how GATS will affect the scope of service trade.