This principle has also been incorporated in various trade agreements to which the United States is a party, such as the North American Free Trade Agreement (NAFTA) and the General Agreement on Trade in Services (GATS). The EU member states are also subscribers to the GATS and consequently to the national treatment principle it contains.
Under the revised central banking legislation, the existing practice of setting an inflation target every year will be replaced by a medium-term inflation targeting system. The central bank is also given greatly increased responsibilities for the comprehensive management and oversight of the payments and settlements system.