Advocate at High Court, Calcutta, India
In this paper, an attempt has been made to understand an analysis of the agreement on Trade-Related Investment Measures (TRIMS) which is a piece of the Marrakesh Agreement where the Uruguay round of negotiation was ended. TRIMS came into force in 1995 and this agreement incorporates the equal right to foreign investors as domestic investors. Trims emphasize member nations that they should not adopt investment measures that restrict and distort trade. The TRIMs Agreement has been discovered by the developing countries to be standing in the way of sustained industrialization of developing countries, without exposing them to balance of payment shocks, by reducing substantially the policy space available to these countries. On the other hand, developed countries have been arguing for a further expansion in the list of prohibited TRIM. But India should be careful while giving its node to the expansion of TRIMS because it may make Indian manufacture more vulnerable to the cheap products of developed countries. This paper is predominantly focused on the dimensions of the agreement on Trade-Related Investment Measures.
International Journal of Legal Science and Innovation, Volume 3, Issue 3, Page 208 - 219DOI: https://doij.org/10.10000/IJLSI.11705
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