Agreement On Trims

Browse or download the text of the TRIPS Agreement from the Legislative Texts Portal Pending the conclusion of the Uruguay Round negotiations, which resulted in a final agreement on trade-related investment measures (hereinafter referred to as the “TRIM Agreement”), the few international agreements providing disciplines for measures to limit foreign investment offered only limited indications in terms of content and coverage by country. For example, the OECD Code on Capital Liberalization requires members to liberalize restrictions on direct investment in a number of areas. However, the effectiveness of the OECD Code is limited by the many reservations expressed by each member. [2] As an agreement based on existing GATT disciplines on trade in goods, the agreement does not deal with the regulation of foreign investment. While some industrialized countries proposed provisions prohibiting a wide range of measures in addition to local content requirements, which proved to be inconsistent with Article III of FIRA, many developing countries opposed them. The compromise, which ultimately emerged from the negotiations, is essentially limited to the interpretation and clarification of the application of GATT provisions on the domestic treatment of imported products (Article III) and quantitative restrictions on imports or exports (Article XI) to trade-related investment measures. As a result, the TRIPS Agreement does not cover many of the measures discussed in the Uruguay Round negotiations, such as export performance and the transfer of technology requirements. The Agreement on Trade-Related Investment Measures (TRIMs) is a rule that applies to domestic rules that a country applies to foreign investors, often as part of an industrial policy. . . .

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