TM - The Agreement on Trade-Related Investment Measures (TRIMS).

1.     The TRIMS Agreement requires member countries to:

• A) Reduce tariffs on all imported goods.
• B) Notify the WTO of any non-conforming TRIMS.
• C) Eliminate all quantitative restrictions on imports.
• D) Invest a specific percentage of GDP in infrastructure development

2.     What is the primary function of the Committee on TRIMS established by the Agreement?

• A) To negotiate new trade deals between member countries.
• B) To resolve disputes related to TRIMS implementation.
• C) To monitor how countries are adhering to the Agreement.
• D) To provide financial assistance to developing countries.

3.     What is the main purpose of the TRIMS Agreement?

• A) To define different types of investment measures.
• B) To prevent trade restrictions caused by certain investment measures.
• C) To promote investment in developing countries.
• D) To establish a committee for monitoring international trade.

4.     The TRIMS Agreement applies to:

• A) All international trade transactions.
• B) Trade in agricultural products only.
• C) Trade in manufactured goods only.
• D) Trade between member countries of the World Trade Organization (WTO).

5.     What is GATT an abbreviation for?

• A) Global Alliance on Trade and Tariffs.
• B) General Agreement on Tariffs and Trade.
• C) Government Authority on Trade Taxes.
• D) Global Association for Trade Talks.

6.     The TRIMS Agreement classifies countries into what groups?

• A. Communist countries and capitalist countries.
• B. Developed countries and developing countries.
• C. Developed countries, developing countries and underdeveloped countries.
• D. High-income countries and low-income countries.

7.     What content is NOT within the functions of the TRIMS Committee?

• A. Monitor the implementation of the Agreement's commitments.
• B. Handling trade disputes between member countries.
• C. Provide technical assistance to member countries.
• D. Promulgate new regulations on international investment.

8.     The TRIMS Agreement is binding only on developed countries.

• A. True
• B. False.

9.     What is the maximum period for developed countries to remove inappropriate TRIMS measures?

• A. 3 years.
• B. 5 years.
• C. 2 years.
• D. 7 years

10.     How much time do developing countries (DCs) have to eliminate inappropriate TRIMs measures?

• A. 2 years.
• B. 5 years.
• C. 7 years.
• D. 10 years.