Qatar chaired a meeting of Agreement on Trade-Related Investment Measures (TRIMs) of the World Trade Organisation (WTO) at the organisation's headquarters in Geneva on Friday.
The meeting, chaired by the Ministry of Economy and Trade representative at the WTO, Sheikh Ali Bin Al Waleed al-Thani, focused on a number of topics related to international trade and investment, as well as comments by some member states on investment policies and legislation.
The member states participating in the meeting also expressed appreciation for the active role played by Qatar during its chairmanship of the committee in facilitating its work and in addressing and completing the issues on its agenda.
TRIMs, negotiated during the Uruguay Round, applies only to measures that affect trade in goods. Recognising that certain investment measures can have trade-restrictive and distorting effects, it states that no member shall apply a measure that is prohibited by the provisions of GATT Article III (national treatment) or Article XI (quantitative restrictions).
Qatar took over the chairmanship of the committee on trade and investment last year.
