Bill Gates “Everyone with goals and dreams can learn from Ray’s approach ” Mike Bloomberg “Beautifully written and filled with such wisdom ” Arianna Huffington “Principles is the book I wish I had as a young Entrepreneur ” Mark Cuban “Principles by Ray Dalio is a masterpiece — It’s a must read! The two principles apply to … GATS – Objectives, Principles and the Basic Rules GATS is an intergovernmental agreement that establishes a multilateral framework of principles and rules Seeks to increase trade in services through increased transparency and predictability so that economic growth of all trading partners and development of developing countries is promoted. Main Principles of GATS • The agreement is complicated so you need to keep in mind that it consists of two major components • First, general obligations are contained in the framework agreement itself • Second, specific commitments are to contained in individual WTO member schedules When any of the inputs is given with +5V, the respective diode becomes forward biased and behaves as ideally short circuited hence this +5 V will appear at output X. The sampling gates can be constructed using series or shunt switches. ” Marc Benioff This is why, more accurately, one should speak of a system of rules dedicated to open, fair and undistorted competition. The NT principle under GATT is considered as a general principle whilst it is considered as specific commitments under GATS. A simple two inputs OR gate can be realized by using a diode as follows, In the above circuit, if A and B are applied with 0V, there will be no voltage appears at X. +5 V means logical 1. Most logic gates have two inputs and one output. MFN and NT are designed to prevent discrimination against the imported products, services or service suppliers. In a circuit, logic gates will make decisions based on a combination of digital signals coming from its inputs. The time period for which the switch has to be open or close is determined by the gating pulse signal. unlike GATT 1994, the GATS general exceptions clause only p rovides fo r one single degree of connection with resp ect to the grounds for justification appl ying to all GATS obli gations (lit. Logic gates … These switches are replaced by active elements like diodes and transistors. Main principles and scope • GATS follows many main principles of the original GATT • The aim is to ensure progressive market liberalization and non-discrimination between Members • GATS cover almost all services, in total 155 services sectors • Does not cover services supplied in the exercise of government authority 5. 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