Agreement On Trade Related Investment Measures Upsc

One of the objectives of the Agreement, as set out in its preamble, is the progressive expansion and liberalization of world trade and the facilitation of cross-border investment in order to increase the economic growth of all trading partners, in particular developing countries, while ensuring free competition. The Agreement on Trade-Related Investment Measures (TRIMs) is often applicable to a country`s national rules towards foreign investors, often as part of an industrial policy. (Violation of Article III(4) of the GATT) measures to restrict the import of products used or related to its local production, in general, or to an amount that feeds according to the volume or value of local production it imports.