. /.WORLD TRADE
ORGANIZATIONG/L/464
7 August 2001
(01-3915)
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 31 July 2001
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 countryMember which demonstrates particular difficulties in implementing the provisions of that Agreement;
Taking note  of the request from the Philippines for an extension of the transition period for
five years for certain TRIMs notified under Article 5.1 of the TRIMs Agreement (G/L/325);
Considering  that the Philippines hereby commits its elf to eliminate these remaining TRIMs;
Decides  as follows:
1. The transition period under the TRIMs Agreement is extended for the Philippines until
31 December 2001 for the TRIMs for which an extension of the transition period has been
requested.
2. The Philippines may request an additional extension for a period of no more than two years
from 1 January 2002. Any such request for an extension shall state the particular difficulties,
internal or external, the Philippines continues to encounter in implementing the provisions of
the TRIMs Agreement, and shall be communicated to the Council for Trade in Goods no laterthan 31 August 2001, and be accompanied by:
• a description of the steps the Philippines has taken to date and/or will take to
eliminate its remaining TRIMs;
• 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.G/L/464
Page 2
3. The Philippines 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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