In addition to the TRIMs agreement, there are other investment agreements that can help your company compete in the international market. The United States has bilateral investment treaties in place with 40 countries. These agreements typically offer comprehensive investment protection, including disciplines for local content and business accounting. The full text of the bilateral investment treaties is available on the website of the Office for Negotiations and Compliance with Trade Agreements of the Ministry of Commerce. Similar provisions have also been included in the investment chapters of some U.S. free trade agreements such as NAFTA and with Korea and Panama and others. The transition period for developed and developing countries has now expired, although some developing countries have not ended all their non-compliant policies and some have requested further delays. Such a delay may be allowed for a developing country if it turns out that it has financial or other specific difficulties in implementing the agreement. In any event, the transitional periods for the least developed countries lasted until 1 January 2002, unless the Council for Trade in Goods accepted a country`s request for an extension. On the Home Page of the World Trade Organization (off-site link) you will find additional information about the WTO. When the TRIPS Agreement entered into force in 1995, all WTO Member States were required to notify their non-compliant trade-related investment measures and to bring those measures into conformity with the Agreement after a transitional period. The length of the transition period varied depending on the individual level of development of the member.
At this stage, all transition periods have expired, although a limited number of countries have obtained extensions for some programmes. These extensions generally expired no later than December 2003. All WTO member countries (external link) are parties to this Agreement. When the TRIPS Agreement entered into force in 1995, all WTO Member States were required to notify the World Trade Organization of all their non-compliant trade-related investment measures within 90 days (not more than 1 April 1995). Countries that submitted the notification were given a transition period to eliminate their non-compliant policies. Developed countries (such as the United States and the European Union countries) had a two-year transition period. Developing and least developed countries were given a transition period of five and seven years respectively. The TRIPS Agreement prohibits certain measures that violate the national treatment and quantitative restrictions requirements of the General Agreement on Tariffs and Trade (GATT). Yes. If you are having difficulty doing international business because another country has imposed measures prohibited by this agreement, contact the Office of Trade Agreement Negotiations and Compliance (TANC) through its public helpline at the U.S. Department of Commerce. If you have any questions about this agreement or its use, you can email the Trade Agreements Negotiation and Compliance Office, which will forward your message to the Department of Commerce`s designated oversight officer for the agreement.
You may also contact the designated monitoring agent at the following address: TANC may help you understand your rights under this Agreement and may inform relevant U.S. government officials to inquire with the other relevant country, if necessary, to help you resolve your issue. These requirements may be binding conditions for investment or may be linked to tax or other incentives. .