UPSC Prelims 2020 · GS Paper 1 · Q86

Economy

Hard · Trade-Related Investment Measures (TRIMS)

Consider the following statements regarding the Trade-Related Investment Measures (TRIMS) Agreement under the WTO:

1. It prohibits certain quantitative restrictions on imports imposed on foreign investors.

2. It applies to trade in both goods and services.

3. It is narrowly scoped to cover only trade-related investment measures, not foreign investment in general.

Which of the statements given above is/are correct?