. /.RESTRICTEDWORLD TRADE
ORGANIZATIONG/C/W/280
17 July 2001
(01-3542)
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
COLOMBIA
Draft Decision
The Council for Trade in Goods
Having 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 country
Member which demonstrates particular difficulties in implementing the provisions of that Agreement;
Taking note  of the request from Colombia for an extension of the transition period for seven
years for certain TRIMs notified under Article 5.1 of the TRIMs Agreement (G/C/W/169 and Add.1);
Taking into account  the individual development, financial and trade needs of Colombia;
Considering  that Colombia has demonstrated particular difficulties in implementing the
provisions of the TRIMs Agreement;
Considering  that Colombia hereby commits itself to eliminate these remaining TRIMs;
Decides  as follows:
1. The transition period under the TRIMs Agreement is extended for Colombia until
31 December 2001 for the TRIMs for which an extension of the transition period has been
requested.
2. Colombia may request one additional extension for a period of no more than two years from
1 January 2002. Any such request, stating the particular difficulties Colombia continues to
encounter in implementing the provisions of  the TRIMs Agreement, shall be communicated
to the Council for Trade in Goods no later than 31 August 2001, and shall be accompanied
by:
• a description of the steps Colombia has taken to date and/or will take to
eliminate its remaining TRIMs;
• a reasonable phase-out plan for eliminating definitively its remaining TRIMs no
later than 31 December 2003;  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/280
Page 2
3. Colombia shall consult with the Council fo r 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
conditions set out in paragraph 2.
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