External Sector

Indian Economy

Title

45:30

8 of 24 completed

5 of 15 completed

38 of 100 completed

8 of 20 completed

Indian Economy - Understanding the basics of Indian economic system

With reference to Trade-Related Investment Measures (TRIMS), which of the following statements is/are correct ?

Select the correct answer using the code given below :

1 and 2 only

2 only

1 and 3 only

1, 2 and 3

Statement 1 is correct: 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.
Statement 2 is incorrect: The coverage of the Agreement is defined in Article 1 of TRIMS, which states that the Agreement applies to investment measures related to trade in goods only. Thus, the TRIMs Agreement does not apply to services.
Statement 3 is correct: The Agreement is not concerned with the regulation of foreign investment.

Hence option 3rd is correct.

By: Abhipedia