As per the General Agreement on Trade in Services Which Type of Business Person Is Not Categorized
As per the General Agreement on Trade in Services (GATS), which is a treaty of the World Trade Organization (WTO), the types of business persons who are not categorized are those who are engaged in the supply of services as individuals in the territory of another member.
In simpler terms, this means that a business person who is providing services in another country as an individual is not categorized under GATS. For example, if a freelance writer from the United States works with clients from India, they would not be categorized under GATS as they are not a company or corporation providing these services.
On the other hand, businesses that are providing services across borders are categorized under GATS. These include companies that offer services like telecommunications, finance, transportation, education, and healthcare, among others. These businesses are required to comply with GATS regulations, which aim to promote fair competition, transparency, and non-discrimination in the global marketplace.
It`s essential to note that GATS regulations also consider the mode of supply of services. There are four modes of supply:
1. Cross-border supply: This is when a service is supplied from one country to another without the service provider moving to another country, e.g., online consultations or digital marketing services.
2. Consumption abroad: This is when a person travels to another country and receives a service, e.g., language classes or medical treatment.
3. Commercial presence: This is when a service provider establishes a commercial presence in another country, e.g., opening a branch office.
4. Presence of natural persons: This is when a natural person (a human being) goes to another country to provide a service, e.g., a consultant or engineer on a temporary work visa.
In conclusion, only business persons engaged in the supply of services as individuals in the territory of another member are not categorized under GATS. However, businesses that provide services across borders, regardless of the mode of supply, are subject to GATS regulations. As a professional, it`s crucial to keep up-to-date with such regulations to create content that is both informative and compliant with the regulations.