. /.RESTRICTEDWORLD TRADE
ORGANIZATIONG/C/W/282/Rev.1
31 July 2001
(01-3849)
Council for Trade in Goods
EXTENSION OF THE TRANSITION PERIOD FOR THE
ELIMINATION OF TRADE-RELATED INVESTMENT MEASURES NOTIFIED UNDER
ARTICLE 5.1 OF THE AGREEMENT ON TRADE-RELATED INVESTMENT MEASURES
ROMANIA
Draft Decision
Revision
The Council for Trade in GoodsHaving regard  to Article 5.3 of the Agreement on Trade-Related Investment Measures
(TRIMs Agreement);
Considering that  the Council for Trade in Goods may extend the transition period for the
elimination of TRIMs notified under Article 5.1 of the TRIMs Agreement for a developing countryMember which demonstrates particular difficulties in implementing the provisions of that Agreement;
Taking note  of the request from Romania for an extension of the transition period for five
years for certain TRIMs notified under Article 5.1 of the TRIMs Agreement (G/C/W/175);
Taking into account  the individual development, financial and trade needs of Romania;
Considering  that Romania has demonstrated particular difficulties in implementing the
provisions of the TRIMs Agreement;
Considering  that Romania hereby commits itself to eliminate these remaining TRIMs;
Decides  as follows:
1. The transition period under the TRIMs Agreement is extended for Romania until
31 December 2001 for the TRIMs for which an extension of the transition period has been
requested.
2. Romania may request an additional extension for a period of no more than two years from
1 January 2002 for the TRIMs mentioned in its request for an extension of the transition
period that are applicable to the shipbuilding industry. Any such request for an extension shall
state the particular difficulties, internal or external, Romania continues to encounter inimplementing the provisions of the TRIMs Ag reement, and shall be communicated to the
Council for Trade in Goods no later than 31 August 2001, and be accompanied by:
• a description of the steps Romania has taken to date and/or will take to eliminate
its remaining TRIMs;G/C/W/282/Rev.1
Page 2
• a reasonable phase-out plan for eliminating its remaining TRIMs no later than 31
December 2003, taking into account its development, financial and trade needs;and
• a commitment to submit periodic reports to the Council for Trade in Goods on
the progress it makes in phasing out its remaining TRIMs.
3. Romania shall consult with the Council for Trade in Goods on any request it makes under
paragraph 2, and on the implementation of its commitment to phase out and eliminate its
remaining TRIMs. On the basis of these consultations, the Council for Trade in Goods shall
grant such request, no later than 5 October 2001, if it is verified that the request fulfils the
criteria set out in paragraph 2.
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