Final answer:
The outcome of the Uruguay Round on the GATT platform led to the formulation of the General Agreement on Trade in Services (GATS), which was the first multilateral, legally enforceable agreement covering trade and investment in the services sector.
Step-by-step explanation:
As an outcome of the Uruguay Round of intergovernmental tariff negotiations on the General Agreement on Tariffs and Trade (GATT) platform,
the first multilateral, legally enforceable agreement covering trade and investment in the services sector was formulated,
termed the General Agreement on Trade in Services (GATS). The Uruguay Round was the most ambitious round of GATT,
which included talks about services, intellectual property, and various trade barriers. This led to the transformation of GATT into the World Trade Organization (WTO) in 1995, creating a new framework for managing and promoting international trade.
The outcome of the Uruguay Round on the GATT platform led to the formulation of the General Agreement on Trade in Services (GATS), which was the first multilateral, legally enforceable agreement covering trade and investment in the services sector.