WORLD TRADE
ORGANIZATIONG/L/502
9 November 2001
(01-5516)
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
PHILIPPINES
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/464);
Noting  that the Philippines has committed itse lf to eliminate its remaining TRIMs;
Taking note  that the Philippines has submitted a request for a further extension of the
transition period until 30 June 2003 for the elimination of the remaining TRIMs it notified underArticle 5.1 of the TRIMs Agreement, accompanied by a description of the steps the Philippines has
taken to date and/or will take to eliminate its re maining TRIMs, a phase-out plan for eliminating its
remaining TRIMs no later than 30 June 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/289);
Decides  as follows:
1. The transition period is extended for the Philippines until 30 June 2003 for the TRIMs for
which an additional extension of the transition period has been requested subject to the
Philippines meeting the agreed terms of its phase-out plan.
2. The Philippines shall report by 30 September 2002 to the Council for Trade in Goods on the
progress it makes in phasing out its remaining TRIMs.
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