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With reference to Trade-Related Investment Measures (TRIMS), which of the following statements is/are correct?
1. Quantitative restrictions on imports by foreign investors are prohibited.
2. They apply to investment measures related to trade in both goods and services.
3. They are not concerned with the regulation of foreign investment.
2. They apply to investment measures related to trade in both goods and services.
3. They are not concerned with the regulation of foreign investment.
Select the correct answer using the code given below:
- a)1 and 2 only
- b)2 only
- c)1 and 3 only
- d)1, 2 and 3
Correct answer is option 'A'. Can you explain this answer?
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Verified Answer
With reference to Trade-Related Investment Measures (TRIMS), which of ...
The Agreement on Trade-Related Investment Measures (TRIMS) recognizes that certain investment measures can restrict and distort trade. It states that WTO members may not apply any measure that discriminates against foreign products or that leads to quantitative restrictions, both of which violate basic WTO principles. A list of prohibited TRIMS, such as local content requirements, is part of the Agreement. The TRIMS Committee monitors the operation and implementation of the Agreement and allows members the opportunity to consult on any relevant matters. Therefore, statement 1 is correct.
The objectives of the Agreement, as defined in its preamble, include “the expansion and progressive liberalization of world trade and to facilitate investment across international frontiers so as to increase the economic growth of all trading partners, particularly developing country members, while ensuring free competition”.
The coverage of the Agreement is defined in Article 1, which states that the Agreement applies to investment measures related to trade in goods only. Thus, the TRIMs Agreement does not apply to services. Therefore, statement 2 is not correct.
As an agreement that is based on existing GATT disciplines on trade in goods, the Agreement is not concerned with the regulation of foreign investment. The disciplines of the TRIMs Agreement focus on investment measures that discriminate between imported and exported products and/or create import or export restrictions. Therefore, statement 3 is correct.
Therefore, the correct answer is (c).
Therefore, the correct answer is (c).
Most Upvoted Answer
With reference to Trade-Related Investment Measures (TRIMS), which of ...
Trade-Related Investment Measures (TRIMS) refer to measures that are related to trade and that affect foreign investment. These measures can take different forms, including requirements related to local content, technology transfer, export performance, and domestic sales requirements. TRIMS are governed by the World Trade Organization (WTO) Agreement on Trade-Related Investment Measures.
Correct statements about TRIMS:
1. Quantitative restrictions on imports by foreign investors are prohibited: TRIMS prohibit quantitative restrictions on imports by foreign investors. This means that countries cannot require foreign investors to limit the amount of goods or services they import into the country.
2. They apply to investment measures related to trade in both goods and services: TRIMS apply to investment measures related to trade in both goods and services. This means that TRIMS cover a wide range of investment measures that affect trade, including measures related to local content, technology transfer, and export performance.
Incorrect statement about TRIMS:
3. They are not concerned with the regulation of foreign investment: This statement is incorrect. TRIMS are concerned with the regulation of foreign investment. TRIMS are designed to ensure that investment measures related to trade do not discriminate against foreign investors or restrict their access to the market. Therefore, TRIMS are concerned with the regulation of foreign investment insofar as it relates to trade.
In summary, the correct statements about TRIMS are:
1. Quantitative restrictions on imports by foreign investors are prohibited.
2. They apply to investment measures related to trade in both goods and services.
Correct statements about TRIMS:
1. Quantitative restrictions on imports by foreign investors are prohibited: TRIMS prohibit quantitative restrictions on imports by foreign investors. This means that countries cannot require foreign investors to limit the amount of goods or services they import into the country.
2. They apply to investment measures related to trade in both goods and services: TRIMS apply to investment measures related to trade in both goods and services. This means that TRIMS cover a wide range of investment measures that affect trade, including measures related to local content, technology transfer, and export performance.
Incorrect statement about TRIMS:
3. They are not concerned with the regulation of foreign investment: This statement is incorrect. TRIMS are concerned with the regulation of foreign investment. TRIMS are designed to ensure that investment measures related to trade do not discriminate against foreign investors or restrict their access to the market. Therefore, TRIMS are concerned with the regulation of foreign investment insofar as it relates to trade.
In summary, the correct statements about TRIMS are:
1. Quantitative restrictions on imports by foreign investors are prohibited.
2. They apply to investment measures related to trade in both goods and services.
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With reference to Trade-Related Investment Measures (TRIMS), which of the following statements is/are correct?1. Quantitative restrictions on imports by foreign investors are prohibited.2. They apply to investment measures related to trade in both goods and services.3. They are not concerned with the regulation of foreign investment.Select the correct answer using the code given below:a)1 and 2 onlyb)2 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer?
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With reference to Trade-Related Investment Measures (TRIMS), which of the following statements is/are correct?1. Quantitative restrictions on imports by foreign investors are prohibited.2. They apply to investment measures related to trade in both goods and services.3. They are not concerned with the regulation of foreign investment.Select the correct answer using the code given below:a)1 and 2 onlyb)2 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to Trade-Related Investment Measures (TRIMS), which of the following statements is/are correct?1. Quantitative restrictions on imports by foreign investors are prohibited.2. They apply to investment measures related to trade in both goods and services.3. They are not concerned with the regulation of foreign investment.Select the correct answer using the code given below:a)1 and 2 onlyb)2 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to Trade-Related Investment Measures (TRIMS), which of the following statements is/are correct?1. Quantitative restrictions on imports by foreign investors are prohibited.2. They apply to investment measures related to trade in both goods and services.3. They are not concerned with the regulation of foreign investment.Select the correct answer using the code given below:a)1 and 2 onlyb)2 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer?.
With reference to Trade-Related Investment Measures (TRIMS), which of the following statements is/are correct?1. Quantitative restrictions on imports by foreign investors are prohibited.2. They apply to investment measures related to trade in both goods and services.3. They are not concerned with the regulation of foreign investment.Select the correct answer using the code given below:a)1 and 2 onlyb)2 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to Trade-Related Investment Measures (TRIMS), which of the following statements is/are correct?1. Quantitative restrictions on imports by foreign investors are prohibited.2. They apply to investment measures related to trade in both goods and services.3. They are not concerned with the regulation of foreign investment.Select the correct answer using the code given below:a)1 and 2 onlyb)2 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to Trade-Related Investment Measures (TRIMS), which of the following statements is/are correct?1. Quantitative restrictions on imports by foreign investors are prohibited.2. They apply to investment measures related to trade in both goods and services.3. They are not concerned with the regulation of foreign investment.Select the correct answer using the code given below:a)1 and 2 onlyb)2 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer?.
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