In addition to the TRIMs agreement, there are other investment agreements that can help your business compete with the international market. The United States has bilateral investment agreements with 40 countries. These agreements generally offer comprehensive investment protection, including local content disciplines and commercial compensation. The full text of the bilateral investment contracts is available on the website of the Trade Ministry`s Trade Negotiations and Compliance Office. Similar provisions have also been introduced in the investment chapters of some U.S. free trade agreements, such as NAFTA, with Korea and Panama and others. The TRIMs agreement allows a Member State to apply, during the duration of its transitional period, an inconsistent measure previously notified to new investments. With this exception, new investments should be treated in the same way as established investments, while a country brings its trade-related investment measures into line with the agreement. The TRIPS agreement prohibits certain measures that violate national treatment and quantity requirements imposed by the General Agreement on Tariffs and Trade (GATT). For developed and developing countries, the transitional period has expired, although some developing countries have not terminated all non-compliant policies and have requested some additional delays. Such a delay may be permitted for a developing country if it is established that it has financial or other difficulties in implementing the agreement. In any event, transitional periods for the least developed countries continued until 1 January 2002, unless the Commodity Trade Council approved a country`s request for an extension.
Any U.S. company interested in conducting international trade or investment activities in a WTO member country can benefit from this agreement. When the TRIPS AGREEMENT came into force in 1995, all WTO member states were required to notify the World Trade Organization within 90 days (until 1 April 1995) of all non-compliant trade-related investment measures. A transition period has been granted to countries that have submitted a transition period in accordance with the notification in order to eliminate their non-compliant policies. Industrialised countries (such as the United States and European Union countries) have benefited from a two-year transitional period. Developing and least developed countries benefited from a transitional period of five and seven years respectively. The World Trade Organization homepage (local link) will provide you with additional information about the WTO. These requirements may be mandatory conditions for investments or may be accompanied by tax or other incentives.
The TRIMs agreement does not apply to services. If you have any questions about this agreement or its use, you can send an email to the Office of Trade Agreements Negotiation and Compliance, which sends your message to the Department of Commerce`s supervisory officer designated for the agreement. They may also contact the designated controller at the following address: This agreement came into force on January 1, 1995. There is no expiration date. Under the World Trade Organization (WTO) Trade-Related Investment Measures Agreement, commonly known as the TRIM Agreement, WTO members agreed not to implement certain trade-related investment measures in goods that limit or distort trade. When the TRIPS AGREEMENT came into force in 1995, all WTO member states were required to notify their non-compliant trade-related investment measures and align them with the agreement after a transitional period. The length of the transition period varied depending on the member`s level of individual development. On that date, all transitional periods have expired, although a limited number of countries have benefited from extensions for some programmes. These extensions generally expired in December 2003 or before December 2003.