Agreement On Trade-Related Investment Measures

Agreement on Trade-Related Investment Measures in Global Commerce Policy

In this regard, a definition of this issue is as follows: TRIMS. The entries on trade policy are here. A WTO agreement concluded during the Uruguay Round. The entries on trade policy are here. It aims to eliminate conditions attaching to permission to invest that may distort or restrict trade in goods. The annex to the Agreement contains an illustrative list of TRIMS deemed inconsistent with Article III (National Treatment) and Article XI (General Elimination of Quantitative Restrictions) of the GATT. These are (a) requirements that an enterprise must use a defined amount of products of domestic origin, (b) permission to import related to export performance, and (c) any requirements related to quantitative restrictions of imports. The Agreement also raises in Article 9 the possibility that at a later stage it might include provisions on investment and competition policy. See also foreign direct investment, local content requirements and trade-balancing requirement.[1]

Agreement on Trade-Related Investment Measuresin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “Agreement on Trade-Related Investment Measures” entry (OAS)

See Also