WORLD TRADE
ORGANIZATIONG/L/503
9 November 2001
(01-5517)
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
Decision of 5 November 2001
The Council for Trade in Goods,
Having regard  to the decision of the Council for Trade in Goods of 31 July 2001 (G/L/465);
Noting  that Romania has committed itself to eliminate its remaining TRIMs;
Considering  that Romania has submitted a request for a further extension of the transition
period until 31 May 2003 for the elimination of the remaining TRIMs it notified under Article 5.1 ofthe TRIMs Agreement, accompanied by a description of the steps Romania has taken to date and/or
will take to eliminate its remaining TRIMs;  a reas onable phase-out plan for eliminating its remaining
TRIMs no later than 31 May 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 (G/C/W/290 and Corr.1);
Decides  as follows:
1. The transition period is extended for Romania until 31 May 2003 for the TRIMs for which an
additional extension of the transition period has been requested subject to Romania meeting
the agreed terms of its phase-out plan.
2. Romania shall report by 15 September 2002 to the Council for Trade in Goods on the
progress it makes in phasing out its remaining TRIMs.
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